2011 Q2 Form 10-Q Financial Statement

#000095012311070051 Filed on July 29, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $698.3M $671.5M
YoY Change 3.98% -1.19%
Cost Of Revenue $191.9M $173.9M
YoY Change 10.35% -6.1%
Gross Profit $506.4M $497.7M
YoY Change 1.74% 0.67%
Gross Profit Margin 72.52% 74.11%
Selling, General & Admin $427.1M $413.3M
YoY Change 3.34% -1.48%
% of Gross Profit 84.35% 83.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $153.2M $142.8M
YoY Change 7.28% -2.92%
% of Gross Profit 30.26% 28.69%
Operating Expenses $433.2M $588.7M
YoY Change -26.42% -2.58%
Operating Profit $73.15M $82.83M
YoY Change -11.69% 10.03%
Interest Expense $9.613M $6.051M
YoY Change 58.87% -24.79%
% of Operating Profit 13.14% 7.31%
Other Income/Expense, Net
YoY Change
Pretax Income $63.78M $76.94M
YoY Change -17.11% 13.97%
Income Tax $23.89M $29.11M
% Of Pretax Income 37.46% 37.83%
Net Earnings $39.89M $47.83M
YoY Change -16.6% 14.03%
Net Earnings / Revenue 5.71% 7.12%
Basic Earnings Per Share $0.64 $0.73
Diluted Earnings Per Share $0.63 $0.72
COMMON SHARES
Basic Shares Outstanding 62.45M shares 65.95M shares
Diluted Shares Outstanding 63.15M shares 66.77M shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.00M $74.10M
YoY Change -0.13% -22.49%
Cash & Equivalents $74.03M $74.09M
Short-Term Investments
Other Short-Term Assets $66.90M $45.30M
YoY Change 47.68% -13.38%
Inventory
Prepaid Expenses
Receivables $44.60M $65.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $185.5M $185.0M
YoY Change 0.27% -9.58%
LONG-TERM ASSETS
Property, Plant & Equipment $250.6M $203.4M
YoY Change 23.2% -73.62%
Goodwill $1.324B $1.267B
YoY Change 4.42%
Intangibles
YoY Change
Long-Term Investments $194.2M $198.6M
YoY Change -2.22% 10.39%
Other Assets
YoY Change
Total Long-Term Assets $2.458B $2.226B
YoY Change 10.44% 0.12%
TOTAL ASSETS
Total Short-Term Assets $185.5M $185.0M
Total Long-Term Assets $2.458B $2.226B
Total Assets $2.644B $2.411B
YoY Change 9.66% -0.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.30M $57.20M
YoY Change 12.41% -39.79%
Accrued Expenses $285.0M $283.2M
YoY Change 0.64% 2.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $349.3M $340.4M
YoY Change 2.61% -8.47%
LONG-TERM LIABILITIES
Long-Term Debt $661.5M $622.4M
YoY Change 6.28% -19.8%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $661.5M $622.4M
YoY Change 6.28% -19.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $349.3M $340.4M
Total Long-Term Liabilities $661.5M $622.4M
Total Liabilities $1.273B $1.058B
YoY Change 20.33% -15.86%
SHAREHOLDERS EQUITY
Retained Earnings $1.617B $1.477B
YoY Change 9.54%
Common Stock $746.6M $700.6M
YoY Change 6.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $997.0M $826.2M
YoY Change 20.67%
Treasury Stock Shares 45.78M shares 39.53M shares
Shareholders Equity $1.371B $1.353B
YoY Change
Total Liabilities & Shareholders Equity $2.644B $2.411B
YoY Change 9.66% -0.7%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $39.89M $47.83M
YoY Change -16.6% 14.03%
Depreciation, Depletion And Amortization $153.2M $142.8M
YoY Change 7.28% -2.92%
Cash From Operating Activities $23.40M $16.40M
YoY Change 42.68% -76.77%
INVESTING ACTIVITIES
Capital Expenditures -$32.10M -$13.70M
YoY Change 134.31% -13.84%
Acquisitions
YoY Change
Other Investing Activities -$500.0K -$900.0K
YoY Change -44.44% -47.06%
Cash From Investing Activities -$32.50M -$14.60M
YoY Change 122.6% -17.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.70M -11.80M
YoY Change 422.88% -92.34%
NET CHANGE
Cash From Operating Activities 23.40M 16.40M
Cash From Investing Activities -32.50M -14.60M
Cash From Financing Activities -61.70M -11.80M
Net Change In Cash -70.80M -10.00M
YoY Change 608.0% -90.11%
FREE CASH FLOW
Cash From Operating Activities $23.40M $16.40M
Capital Expenditures -$32.10M -$13.70M
Free Cash Flow $55.50M $30.10M
YoY Change 84.39% -65.2%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
rcii Cost Of Installment Sales
CostOfInstallmentSales
11946000 USD
rcii Salaries And Other Expenses
SalariesAndOtherExpenses
792289000 USD
rcii Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
15949000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1203217000 USD
rcii Cost Of Rentals And Fees
CostOfRentalsAndFees
259932000 USD
rcii Cost Of Merchandise Sold
CostOfMerchandiseSold
94414000 USD
rcii Cost Of Installment Sales
CostOfInstallmentSales
10429000 USD
CY2011Q2 rcii Rentals And Fees
RentalsAndFees
617796000 USD
CY2011Q2 rcii Merchandise Sales
MerchandiseSales
50973000 USD
CY2011Q2 rcii Installment Sales
InstallmentSales
16571000 USD
CY2011Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
4143000 USD
CY2010Q2 rcii Rentals And Fees
RentalsAndFees
586523000 USD
CY2010Q2 rcii Merchandise Sales
MerchandiseSales
43031000 USD
CY2010Q2 rcii Installment Sales
InstallmentSales
14503000 USD
CY2010Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
19523000 USD
CY2011Q2 rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
7525000 USD
CY2011Q2 rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
1245000 USD
CY2011Q2 us-gaap Revenues
Revenues
698253000 USD
CY2010Q2 rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
6755000 USD
CY2010Q2 rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
1208000 USD
CY2010Q2 us-gaap Revenues
Revenues
671543000 USD
CY2011Q2 rcii Cost Of Rentals And Fees
CostOfRentalsAndFees
139295000 USD
CY2011Q2 rcii Cost Of Merchandise Sold
CostOfMerchandiseSold
39510000 USD
CY2011Q2 rcii Cost Of Installment Sales
CostOfInstallmentSales
5898000 USD
CY2011Q2 rcii Salaries And Other Expenses
SalariesAndOtherExpenses
395091000 USD
CY2011Q2 rcii Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
7195000 USD
CY2011Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
586989000 USD
CY2010Q2 rcii Cost Of Rentals And Fees
CostOfRentalsAndFees
129818000 USD
CY2010Q2 rcii Cost Of Installment Sales
CostOfInstallmentSales
5003000 USD
CY2010Q2 rcii Salaries And Other Expenses
SalariesAndOtherExpenses
381121000 USD
CY2010Q2 rcii Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
6454000 USD
CY2010Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
554999000 USD
CY2010Q2 rcii Cost Of Merchandise Sold
CostOfMerchandiseSold
32603000 USD
CY2010Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32173000 USD
CY2010Q2 rcii Amortization And Write Down Of Intangibles
AmortizationAndWriteDownOfIntangibles
1540000 USD
CY2010Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2010Q2 us-gaap Operating Expenses
OperatingExpenses
588712000 USD
CY2010Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
82831000 USD
CY2010Q2 us-gaap Interest Expense
InterestExpense
6051000 USD
CY2010Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
156000 USD
CY2010Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
76936000 USD
CY2010Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29106000 USD
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
47830000 USD
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2010Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0 USD
CY2011Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06 USD
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
39888000 USD
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23888000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
63776000 USD
CY2011Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
237000 USD
rcii Salaries And Other Expenses
SalariesAndOtherExpenses
772592000 USD
CY2011Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32047000 USD
CY2011Q2 rcii Amortization And Write Down Of Intangibles
AmortizationAndWriteDownOfIntangibles
1132000 USD
CY2011Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2011Q2 us-gaap Restructuring Charges
RestructuringCharges
4933000 USD
CY2010Q2 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2011Q2 us-gaap Interest Expense
InterestExpense
9613000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
73152000 USD
CY2011Q2 us-gaap Operating Expenses
OperatingExpenses
625101000 USD
CY2011Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2010Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
rcii Rentals And Fees
RentalsAndFees
1228224000 USD
rcii Merchandise Sales
MerchandiseSales
150239000 USD
rcii Installment Sales
InstallmentSales
33258000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
9482000 USD
rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
16671000 USD
rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
2557000 USD
us-gaap Revenues
Revenues
1440431000 USD
rcii Rentals And Fees
RentalsAndFees
1170371000 USD
rcii Merchandise Sales
MerchandiseSales
132428000 USD
rcii Installment Sales
InstallmentSales
29640000 USD
rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
15180000 USD
rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
2484000 USD
us-gaap Revenues
Revenues
1389962000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
39859000 USD
rcii Cost Of Rentals And Fees
CostOfRentalsAndFees
274944000 USD
rcii Cost Of Merchandise Sold
CostOfMerchandiseSold
108089000 USD
rcii Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
14522000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1151889000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
66600000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
63948000 USD
rcii Amortization And Write Down Of Intangibles
AmortizationAndWriteDownOfIntangibles
1990000 USD
rcii Amortization And Write Down Of Intangibles
AmortizationAndWriteDownOfIntangibles
2591000 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-2800000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7320000 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Operating Expenses
OperatingExpenses
1286860000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
153571000 USD
us-gaap Interest Expense
InterestExpense
19373000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
391000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
134589000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50471000 USD
us-gaap Net Income Loss
NetIncomeLoss
84118000 USD
us-gaap Operating Expenses
OperatingExpenses
1218428000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
171534000 USD
us-gaap Interest Expense
InterestExpense
12134000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
324000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
159724000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60433000 USD
us-gaap Net Income Loss
NetIncomeLoss
99291000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.49
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12 USD
us-gaap Restructuring Charges
RestructuringCharges
4933000 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74031000 USD
CY2011Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
44573000 USD
CY2010Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
53890000 USD
CY2011Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
66872000 USD
CY2011Q2 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
673431000 USD
CY2010Q4 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
655248000 USD
CY2011Q2 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
194239000 USD
CY2010Q4 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
181606000 USD
CY2011Q2 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
5083000 USD
CY2010Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
5417000 USD
CY2011Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
250604000 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
224639000 USD
CY2011Q2 us-gaap Goodwill
Goodwill
1323501000 USD
CY2010Q4 us-gaap Goodwill
Goodwill
1320467000 USD
CY2011Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11265000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5624000 USD
CY2011Q2 us-gaap Assets
Assets
2643599000 USD
CY2010Q4 us-gaap Assets
Assets
2688331000 USD
CY2010Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
170713000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70727000 USD
CY2011Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
64316000 USD
CY2010Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
126051000 USD
CY2011Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
285042000 USD
CY2010Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
288415000 USD
CY2011Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
261599000 USD
CY2010Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
218952000 USD
CY2011Q2 us-gaap Secured Debt
SecuredDebt
361544000 USD
CY2010Q4 us-gaap Secured Debt
SecuredDebt
401114000 USD
CY2011Q2 us-gaap Liabilities
Liabilities
1272501000 USD
CY2010Q4 us-gaap Liabilities
Liabilities
1334532000 USD
CY2011Q2 us-gaap Common Stock Value
CommonStockValue
1073000 USD
CY2010Q4 us-gaap Common Stock Value
CommonStockValue
1060000 USD
CY2011Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
745524000 USD
CY2010Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
712600000 USD
CY2011Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1617433000 USD
CY2011Q2 us-gaap Treasury Stock Value
TreasuryStockValue
996970000 USD
CY2010Q4 us-gaap Treasury Stock Value
TreasuryStockValue
904274000 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
1371098000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
1353799000 USD
CY2011Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2643599000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1541168000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2688331000 USD
CY2011Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7340000 USD
CY2010Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8673000 USD
CY2011Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01 USD
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01 USD
CY2011Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2010Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2011Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
107387342 shares
CY2010Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
105990704 shares
CY2011Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
45784146 shares
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
42845444 shares
CY2011Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q2 us-gaap Senior Notes
SeniorNotes
300000000 USD
CY2010Q4 us-gaap Senior Notes
SeniorNotes
300000000 USD
CY2011Q2 rcii Cumulative Translation Adjustment
CumulativeTranslationAdjustment
4038000 USD
CY2010Q4 rcii Cumulative Translation Adjustment
CumulativeTranslationAdjustment
3245000 USD
rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
268369000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
632000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2523000 USD
us-gaap Depreciation
Depreciation
31831000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
64000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1990000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1017000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42648000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-6456000 USD
rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
-304941000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8685000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
102672000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-61735000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-12420000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
171250000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59216000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
132000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1016000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
92695000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
24966000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6456000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
175000 USD
rcii Proceeds From Secured Debt
ProceedsFromSecuredDebt
141875000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
181445000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
7621000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-108639000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
793000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3304000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
101803000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 USD
CY2010Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74094000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
88312000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-27709000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4057000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1027000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
21132000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29790000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-2420000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2252000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8669000 USD
rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
-253815000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30971000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
9000 USD
rcii Proceeds From Secured Debt
ProceedsFromSecuredDebt
52525000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
141280000 USD
rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
253851000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
591000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
48000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10798000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-39923000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2420000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
394000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6450000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8317000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-28474000 USD
us-gaap Depreciation
Depreciation
31523000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1229000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-85059000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1546000 USD
CY2011Q2 rcii Number Of Company Owned Stores
NumberOfCompanyOwnedStores
3022
CY2011Q2 rcii Number Of Retail Installment Sales Stores
NumberOfRetailInstallmentSalesStores
41
CY2011Q2 rcii Number Of Stores In Canada
NumberOfStoresInCanada
18
CY2011Q2 rcii Number Of Kiosk Locations
NumberOfKioskLocations
611
CY2011Q2 rcii Number Of Franchised Stores
NumberOfFranchisedStores
210
CY2011Q2 rcii Number Of States With Franchised Stores
NumberOfStatesWithFranchisedStores
32
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:13.7px;">New Accounting Pronouncements.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">In June 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">the Financial Accounting Standards Board (&#8220;FASB&#8221;) </font><font style="font-family:Times New Roman;font-size:10pt;">issued Accounting Standards Update 2011-05, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Comprehensive Income (Topic 220): Presentation of Comprehensive Income</font><font style="font-family:Times New Roman;font-size:10pt;"> (&#8220;ASU 2011-05&#8221;), which allows an entity the option to present the total of comprehensive income, the </font><font style="font-family:Times New Roman;font-size:10pt;">components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. The amendments</font><font style="font-family:Times New Roman;font-size:10pt;"> to the Codification in the ASU do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income and are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.&#160; The adoption of ASU 2011-05 will not have a material impact on our consolidated statement of earnings, financial condition, statement of cash flows or earnings per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:13.7px;">In May 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">FASB </font><font style="font-family:Times New Roman;font-size:10pt;">issued Accounting Standards Update 2011-04, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(&#8220;ASU 2011-04&#8221;)</font><font style="font-family:Times New Roman;font-size:10pt;">. The amendments in this ASU generally represent clarification of Topic 820, but also include instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. </font><font style="font-family:Times New Roman;font-size:10pt;">This update results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) and International Financial Reporting Standards (&#8220;IFRS&#8221;). The amendments are effective for interim and annual periods beginning after December&#160;15, 2011 and are to be applied prospectively. Early application is not permitted. The adoption of ASU 2011-04 will not have a material impact on our consolidated statement of earnings, financial condition, statement of cash flows or earnings per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p>
us-gaap Future Amortization Expense Remainder Of Fiscal Year
FutureAmortizationExpenseRemainderOfFiscalYear
1922000 USD
us-gaap Finite Lived Intangible Assets Future Amortization Expense
FiniteLivedIntangibleAssetsFutureAmortizationExpense
11265000 USD
us-gaap Future Amortization Expense Year Two
FutureAmortizationExpenseYearTwo
2938000 USD
us-gaap Future Amortization Expense Year Three
FutureAmortizationExpenseYearThree
571000 USD
us-gaap Future Amortization Expense Year Four
FutureAmortizationExpenseYearFour
568000 USD
us-gaap Future Amortization Expense Year Five
FutureAmortizationExpenseYearFive
568000 USD
us-gaap Future Amortization Expense After Year Five
FutureAmortizationExpenseAfterYearFive
4698000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
616000 USD
CY2010 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
55922000 USD
CY2010 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
-4320000 USD
us-gaap Goodwill Allocation Adjustment
GoodwillAllocationAdjustment
2418000 USD
CY2010 us-gaap Goodwill Allocation Adjustment
GoodwillAllocationAdjustment
181000 USD
CY2009Q4 us-gaap Goodwill
Goodwill
1268684000 USD
CY2010 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1800000 USD
CY2011Q2 rcii Number Of Kiosk Locations Acquired
NumberOfKioskLocationsAcquired
158
CY2011Q2 rcii Finite Lived Vendor Relationships Gross
FiniteLivedVendorRelationshipsGross
7500000 USD
CY2011Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
300000000 USD
CY2011Q2 rcii Proceeds To Repay Term Debt
ProceedsToRepayTermDebt
200000000 USD
CY2011Q2 rcii Event Of Default Failure Of Other Debt Payment In Excess
EventOfDefaultFailureOfOtherDebtPaymentInExcess
50000000 USD
CY2011Q2 rcii Event Of Default Not Discharged Judgment In Excess
EventOfDefaultNotDischargedJudgmentInExcess
50000000 USD
CY2011Q2 rcii Redeemable At Premium
RedeemableAtPremium
1.03313
CY2011Q2 rcii Percentage Of Original Aggregate Principal
PercentageOfOriginalAggregatePrincipal
1.01
CY2011Q2 rcii Our Ownership Percentage Of Subsidiary Guarantor
OurOwnershipPercentageOfSubsidiaryGuarantor
1
CY2011Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.06625
CY2011Q2 rcii Amount Of Increase In Unrecognized Tax Benefits Since Year End
AmountOfIncreaseInUnrecognizedTaxBenefitsSinceYearEnd
59000 USD
rcii Number Of Issues In Disagreement With Case Law Applied By Internal Revenue Service
NumberOfIssuesInDisagreementWithCaseLawAppliedByInternalRevenueService
one
CY2011Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
298500000 USD
CY2011Q2 rcii Amount Of Difference Between Fair Value And Carrying Value
AmountOfDifferenceBetweenFairValueAndCarryingValue
1500000 USD
CY2010Q4 rcii Amount Of Difference Between Fair Value And Carrying Value
AmountOfDifferenceBetweenFairValueAndCarryingValue
200000 USD
CY2010Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
299800000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
1172000 USD
rcii Other Impairment Charge
OtherImpairmentCharge
3579000 USD
rcii Loan Write Down Impairment Charge
LoanWriteDownImpairmentCharge
2569000 USD
CY2011Q2 rcii Loan Write Down Impairment Charge
LoanWriteDownImpairmentCharge
0 USD
CY2011Q2 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2011Q2 rcii Other Impairment Charge
OtherImpairmentCharge
0 USD
CY2010Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1933176 shares
CY2010Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
18900000 USD
rcii Stock Repurchased And Retired Since Inception Of Program Shares
StockRepurchasedAndRetiredSinceInceptionOfProgramShares
26409047 shares
CY2010 rcii Stock Repurchased And Retired Since Inception Of Program Shares
StockRepurchasedAndRetiredSinceInceptionOfProgramShares
23470345 shares
CY2010 rcii Stock Repurchased And Retired Since Inception Of Program Value
StockRepurchasedAndRetiredSinceInceptionOfProgramValue
551200000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2938702 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
92800000 USD
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
800000000 USD
CY2011Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2069937 shares
CY2011Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
64200000 USD
rcii Stock Repurchased And Retired Since Inception Of Program Value
StockRepurchasedAndRetiredSinceInceptionOfProgramValue
643900000 USD
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62450000 shares
CY2011Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
698000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63148000 shares
CY2010Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65945000 shares
CY2010Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
828000 shares
CY2010Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66773000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62902000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
818000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63720000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65822000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
823000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66645000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
484995 shares
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2198971 shares
CY2011Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
489870 shares
CY2011Q3 rcii Credit Facility Maximum Borrowing Capacity
CreditFacilityMaximumBorrowingCapacity
750000000 USD
CY2011Q3 rcii Term Loan Maximum Amount
TermLoanMaximumAmount
250000000 USD
CY2011Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
500000000 USD
CY2011Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
250000000 USD
CY2011Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
dei Entity Registrant Name
EntityRegistrantName
RENT A CENTER INC DE
dei Entity Central Index Key
EntityCentralIndexKey
0000933036
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2011-06-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
61641139 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011

Files In Submission

Name View Source Status
0000950123-11-070051-index-headers.html Edgar Link pending
0000950123-11-070051-index.html Edgar Link pending
0000950123-11-070051.txt Edgar Link pending
0000950123-11-070051-xbrl.zip Edgar Link pending
d83811e10vq.htm Edgar Link pending
d83811exv31w1.htm Edgar Link pending
d83811exv31w2.htm Edgar Link pending
d83811exv32w1.htm Edgar Link pending
d83811exv32w2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rcii-20110630.xml Edgar Link completed
rcii-20110630.xsd Edgar Link pending
rcii-20110630_cal.xml Edgar Link unprocessable
rcii-20110630_def.xml Edgar Link unprocessable
rcii-20110630_lab.xml Edgar Link unprocessable
rcii-20110630_pre.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending