2020 Q2 Form 10-Q Financial Statement

#000093303620000063 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $683.7M $655.9M
YoY Change 4.24% 0.03%
Cost Of Revenue $284.2M $247.9M
YoY Change 14.67% 6.91%
Gross Profit $399.5M $408.1M
YoY Change -2.09% -3.73%
Gross Profit Margin 58.43% 62.21%
Selling, General & Admin $323.8M $340.7M
YoY Change -4.96% -6.09%
% of Gross Profit 81.04% 83.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.40M $15.10M
YoY Change -4.64% -13.22%
% of Gross Profit 3.6% 3.7%
Operating Expenses $345.9M $278.2M
YoY Change 24.32% -29.87%
Operating Profit $53.64M $129.8M
YoY Change -58.69% 378.17%
Interest Expense $4.161M $10.09M
YoY Change -58.77% -6.61%
% of Operating Profit 7.76% 7.77%
Other Income/Expense, Net
YoY Change
Pretax Income $49.74M $121.7M
YoY Change -59.14% 635.69%
Income Tax $11.25M $27.28M
% Of Pretax Income 22.61% 22.41%
Net Earnings $38.49M $94.46M
YoY Change -59.25% 586.8%
Net Earnings / Revenue 5.63% 14.4%
Basic Earnings Per Share $0.72 $1.74
Diluted Earnings Per Share $0.70 $1.70
COMMON SHARES
Basic Shares Outstanding 53.80M shares 54.15M shares
Diluted Shares Outstanding 55.22M shares 55.71M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $206.4M $353.1M
YoY Change -41.55% 202.31%
Cash & Equivalents $206.4M $353.1M
Short-Term Investments
Other Short-Term Assets $33.90M $36.30M
YoY Change -6.61% -32.28%
Inventory $737.2M $739.1M
Prepaid Expenses
Receivables $77.00M $65.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.055B $1.194B
YoY Change -11.7% 16.8%
LONG-TERM ASSETS
Property, Plant & Equipment $151.4M $197.8M
YoY Change -23.42% -22.13%
Goodwill $70.22M $56.82M
YoY Change 23.59% 0.06%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.90M $25.60M
YoY Change -41.8% -10.49%
Total Long-Term Assets $522.1M $550.0M
YoY Change -5.07% 59.94%
TOTAL ASSETS
Total Short-Term Assets $1.055B $1.194B
Total Long-Term Assets $522.1M $550.0M
Total Assets $1.577B $1.744B
YoY Change -9.61% 27.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $145.9M $95.70M
YoY Change 52.46% 3.57%
Accrued Expenses $587.3M $586.1M
YoY Change 0.2% 88.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $733.2M $681.8M
YoY Change 7.54% 68.8%
LONG-TERM LIABILITIES
Long-Term Debt $190.7M $540.7M
YoY Change -64.73% -6.36%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $190.7M $540.7M
YoY Change -64.73% -6.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $733.2M $681.8M
Total Long-Term Liabilities $190.7M $540.7M
Total Liabilities $1.090B $1.352B
YoY Change -19.39% 23.17%
SHAREHOLDERS EQUITY
Retained Earnings $1.004B $905.7M
YoY Change 10.81% 14.45%
Common Stock $873.0M $844.8M
YoY Change 3.34% 1.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.375B $1.348B
YoY Change 2.06% 0.0%
Treasury Stock Shares 57.89M shares 56.37M shares
Shareholders Equity $486.6M $391.9M
YoY Change
Total Liabilities & Shareholders Equity $1.577B $1.744B
YoY Change -9.61% 27.66%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $38.49M $94.46M
YoY Change -59.25% 586.8%
Depreciation, Depletion And Amortization $14.40M $15.10M
YoY Change -4.64% -13.22%
Cash From Operating Activities $207.3M $109.6M
YoY Change 89.14% 87.67%
INVESTING ACTIVITIES
Capital Expenditures -$5.600M -$2.600M
YoY Change 115.38% -63.38%
Acquisitions
YoY Change
Other Investing Activities $100.0K $6.100M
YoY Change -98.36% 22.0%
Cash From Investing Activities -$5.400M $3.500M
YoY Change -254.29% -266.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -178.7M 2.000M
YoY Change -9035.0% -109.95%
NET CHANGE
Cash From Operating Activities 207.3M 109.6M
Cash From Investing Activities -5.400M 3.500M
Cash From Financing Activities -178.7M 2.000M
Net Change In Cash 23.20M 115.1M
YoY Change -79.84% 217.96%
FREE CASH FLOW
Cash From Operating Activities $207.3M $109.6M
Capital Expenditures -$5.600M -$2.600M
Free Cash Flow $212.9M $112.2M
YoY Change 89.75% 71.3%

Facts In Submission

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CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
56428482 shares
CY2020Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1375480000 USD
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1348969000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-14559000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-10670000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
486576000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
458963000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1576628000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1582798000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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458963000 USD
CY2019Q4 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
-769000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
49292000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3906000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26525000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1195000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-5270000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
3043000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
476023000 USD
CY2020Q2 us-gaap Net Income Loss
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38493000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
17000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
17000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
486000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2849000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
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31292000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
486576000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
286517000 USD
CY2018Q4 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
-1976000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
7323000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
521000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2892000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-1734000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
709000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
294252000 USD
CY2019Q2 us-gaap Net Income Loss
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94455000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-217000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-217000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1418000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1982000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
391890000 USD
us-gaap Net Income Loss
NetIncomeLoss
87785000 USD
us-gaap Net Income Loss
NetIncomeLoss
101778000 USD
rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
310810000 USD
rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
309211000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7900000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5978000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5892000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2691000 USD
us-gaap Depreciation
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28706000 USD
us-gaap Depreciation
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30809000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-698000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1472000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
561000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
85000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
795000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1958000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2146000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
10814000 USD
rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
211865000 USD
rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
253259000 USD
us-gaap Increase Decrease In Accounts Receivable
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918000 USD
us-gaap Increase Decrease In Accounts Receivable
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2995000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-12190000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-15384000 USD
rcii Increase Decreaseof Operating Leases Net
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-4726000 USD
rcii Increase Decreaseof Operating Leases Net
IncreaseDecreaseofOperatingLeasesNet
-5868000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-22250000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-18182000 USD
us-gaap Increase Decrease In Accrued Liabilities
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27543000 USD
us-gaap Increase Decrease In Accrued Liabilities
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-26194000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
254719000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
185418000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14750000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5088000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
187000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13792000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
158000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
995000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
155000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14405000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9544000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26511000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1682000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4310000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5270000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1733000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
157000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
198000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
5400000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
239000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5400000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
31554000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-102653000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2420000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1729000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
366000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
135932000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
197748000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70494000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155391000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
206426000 USD
rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
9117000 USD
us-gaap Revenues
Revenues
1385685000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
353139000 USD
CY2020Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
-800000 USD
CY2019 us-gaap Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
2019-08-13
CY2019 us-gaap Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
Merchants Preferred
CY2019 us-gaap Business Acquisition Description Of Acquired Entity
BusinessAcquisitionDescriptionOfAcquiredEntity
a nationwide provider of virtual lease-to-own services
CY2019 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
46400000 USD
CY2019 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
28000000.0 USD
CY2019 us-gaap Business Combination Cost Of Acquired Entity Equity Interests Issued And Issuable Fair Value Method
BusinessCombinationCostOfAcquiredEntityEquityInterestsIssuedAndIssuableFairValueMethod
701,918 shares of our common stock
CY2019Q3 us-gaap Business Acquisition Share Price
BusinessAcquisitionSharePrice
27.31
CY2019 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
900000 USD
CY2019 us-gaap Business Combination Goodwill Recognized Description
BusinessCombinationGoodwillRecognizedDescription
consists of the excess of the net purchase price over the fair value of the net assets acquired
CY2020Q2 rcii Rentals And Fees
RentalsAndFees
534737000 USD
CY2020Q2 rcii Merchandise Sales
MerchandiseSales
108080000 USD
CY2020Q2 rcii Installment Sales
InstallmentSales
17643000 USD
CY2020Q2 rcii Other Store Revenue
OtherStoreRevenue
775000 USD
CY2020Q2 rcii Storerevenues
Storerevenues
661235000 USD
CY2020Q2 rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
18047000 USD
CY2020Q2 rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
4464000 USD
CY2020Q2 us-gaap Revenues
Revenues
683746000 USD
rcii Rentals And Fees
RentalsAndFees
1102737000 USD
rcii Merchandise Sales
MerchandiseSales
209460000 USD
rcii Installment Sales
InstallmentSales
32390000 USD
rcii Other Store Revenue
OtherStoreRevenue
1497000 USD
rcii Storerevenues
Storerevenues
1346084000 USD
rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
30484000 USD
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
5600000 USD
CY2019Q2 rcii Rentals And Fees
RentalsAndFees
551680000 USD
CY2019Q2 rcii Merchandise Sales
MerchandiseSales
70842000 USD
CY2019Q2 rcii Installment Sales
InstallmentSales
17270000 USD
CY2019Q2 rcii Other Store Revenue
OtherStoreRevenue
1244000 USD
CY2019Q2 rcii Storerevenues
Storerevenues
641036000 USD
CY2019Q2 rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
10673000 USD
CY2019Q2 rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
4216000 USD
CY2019Q2 us-gaap Revenues
Revenues
655925000 USD
rcii Rentals And Fees
RentalsAndFees
1115034000 USD
rcii Merchandise Sales
MerchandiseSales
175312000 USD
rcii Installment Sales
InstallmentSales
32706000 USD
rcii Other Store Revenue
OtherStoreRevenue
1908000 USD
rcii Storerevenues
Storerevenues
1324960000 USD
rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
19129000 USD
rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
8530000 USD
us-gaap Revenues
Revenues
1352619000 USD
CY2020Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
85221000 USD
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
89724000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8238000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5601000 USD
CY2020Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
76983000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
84123000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5601000 USD
rcii Provisionfordoubtfulaccountsbaddebtexpense
Provisionfordoubtfulaccountsbaddebtexpense
7900000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5620000 USD
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
357000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8238000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
2144000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
1818000 USD
us-gaap Sublease Income
SubleaseIncome
4461000 USD
us-gaap Sublease Income
SubleaseIncome
3494000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
32485000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
41525000 USD
us-gaap Lease Cost
LeaseCost
68376000 USD
us-gaap Lease Cost
LeaseCost
78543000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
57639000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
61333000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
12071000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
14451000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
47285000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10540000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.073
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.077
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
67972000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
95500000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
67476000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
42722000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
26790000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
29323000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
329783000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
48439000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
281344000 USD
CY2020Q2 rcii Operating Lease Number Of Units
OperatingLeaseNumberOfUnits
500 store
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.069
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.220
CY2019Q3 rcii Originalissuediscount
Originalissuediscount
2000000.0 USD
CY2019Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
6300000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
88800000 USD
CY2020Q2 rcii Actual Fixed Charge Coverage Ratio
ActualFixedChargeCoverageRatio
1.52
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1000000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2000000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2000000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2000000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2000000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
189500000 USD
CY2020Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
198500000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
738000 USD
us-gaap Restructuring Charges
RestructuringCharges
2377000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
1850000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
1265000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
620000 USD
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
955000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
9624000 USD
CY2020Q2 us-gaap Revenues
Revenues
683746000 USD
CY2019Q2 us-gaap Revenues
Revenues
655925000 USD
us-gaap Revenues
Revenues
1385685000 USD
us-gaap Revenues
Revenues
1352619000 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
399532000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
408071000 USD
us-gaap Gross Profit
GrossProfit
819710000 USD
us-gaap Gross Profit
GrossProfit
832937000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
53635000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
129829000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
102510000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
147178000 USD
CY2020Q2 rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
14348000 USD
CY2019Q2 rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
15121000 USD
rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
29261000 USD
rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
30894000 USD
CY2020Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5599000 USD
CY2019Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2580000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14750000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5088000 USD
CY2020Q2 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
645522000 USD
CY2019Q4 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
697270000 USD
CY2020Q2 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
91647000 USD
CY2019Q4 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
138418000 USD
CY2020Q2 us-gaap Assets
Assets
1576628000 USD
CY2019Q4 us-gaap Assets
Assets
1582798000 USD
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000 USD
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
58500000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1461177 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26500000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
16500000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2900000 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2000000.0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2700000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
349000 shares
rcii Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Based Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceBasedGrantsInPeriod
269000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
187000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.4562
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.5225
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0030
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0172
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
24.21
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.75
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53800000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54153000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54287000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54042000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1424000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1553000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1401000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1559000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55224000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55706000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55688000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55601000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.88
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83

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