2011 Q4 Form 10-Q Financial Statement

#000095012311092914 Filed on October 28, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $737.5M $704.3M $664.6M
YoY Change 8.92% 5.97% -0.99%
Cost Of Revenue $220.2M $198.5M $174.6M
YoY Change 20.92% 13.72% -5.11%
Gross Profit $517.3M $505.7M $490.0M
YoY Change 4.51% 3.21% 0.57%
Gross Profit Margin 70.14% 71.81% 73.73%
Selling, General & Admin $432.7M $439.1M $420.1M
YoY Change 4.74% 4.52% -0.52%
% of Gross Profit 83.65% 86.83% 85.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $167.8M $16.11M $140.3M
YoY Change 15.8% -88.52% -2.57%
% of Gross Profit 32.44% 3.18% 28.63%
Operating Expenses $434.1M $447.9M $595.2M
YoY Change 5.06% -24.74% -1.93%
Operating Profit $83.20M $57.80M $69.39M
YoY Change 1.71% -16.71% 7.81%
Interest Expense -$8.900M $8.811M $6.085M
YoY Change 7.23% 44.8% 25.05%
% of Operating Profit -10.7% 15.24% 8.77%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $72.90M $49.08M $63.59M
YoY Change 41.83% -22.82% 6.6%
Income Tax $23.60M $17.85M $23.09M
% Of Pretax Income 32.37% 36.38% 36.32%
Net Earnings $49.30M $31.22M $40.50M
YoY Change 54.55% -22.9% 9.93%
Net Earnings / Revenue 6.68% 4.43% 6.09%
Basic Earnings Per Share $0.52 $0.62
Diluted Earnings Per Share $827.2K $0.52 $0.62
COMMON SHARES
Basic Shares Outstanding 58.75M shares 60.03M shares 65.09M shares
Diluted Shares Outstanding 60.50M shares 65.75M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.10M $76.00M $80.80M
YoY Change 24.61% -5.94% 102.51%
Cash & Equivalents $88.07M $76.03M $80.78M
Short-Term Investments
Other Short-Term Assets $69.30M $65.40M $47.80M
YoY Change -59.4% 36.82% -12.29%
Inventory
Prepaid Expenses
Receivables $48.20M $43.40M $67.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $205.6M $184.8M $196.2M
YoY Change -30.38% -5.81% 27.15%
LONG-TERM ASSETS
Property, Plant & Equipment $287.6M $262.8M $214.1M
YoY Change 28.04% 22.72% -71.54%
Goodwill $1.339B $1.325B $1.268B
YoY Change 1.41% 4.51%
Intangibles
YoY Change
Long-Term Investments $186.8M $187.3M $172.8M
YoY Change 2.86% 8.39% -1.65%
Other Assets
YoY Change
Total Long-Term Assets $2.589B $2.482B $2.204B
YoY Change 8.2% 12.6% 0.09%
TOTAL ASSETS
Total Short-Term Assets $205.6M $184.8M $196.2M
Total Long-Term Assets $2.589B $2.482B $2.204B
Total Assets $2.795B $2.667B $2.400B
YoY Change 3.96% 11.09% 1.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.1M $96.40M $87.80M
YoY Change -16.65% 9.79% -9.3%
Accrued Expenses $298.7M $289.6M $233.6M
YoY Change 3.57% 23.97% -14.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $403.8M $386.0M $321.4M
YoY Change -2.58% 20.1% -12.88%
LONG-TERM LIABILITIES
Long-Term Debt $740.7M $688.3M $596.1M
YoY Change 5.65% 15.47% -9.56%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $740.7M $688.3M $596.1M
YoY Change 5.65% 15.47% -9.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $403.8M $386.0M $321.4M
Total Long-Term Liabilities $740.7M $688.3M $596.1M
Total Liabilities $1.442B $1.347B $1.047B
YoY Change 8.07% 28.63% -8.69%
SHAREHOLDERS EQUITY
Retained Earnings $1.659B $1.639B $1.513B
YoY Change 7.64% 8.31%
Common Stock $759.0M $748.5M $702.7M
YoY Change 6.35% 6.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.068B $1.068B $865.6M
YoY Change 18.15% 23.43%
Treasury Stock Shares 48.70M shares 48.70M shares 41.44M shares
Shareholders Equity $1.359B $1.319B $1.353B
YoY Change
Total Liabilities & Shareholders Equity $2.801B $2.667B $2.400B
YoY Change 4.21% 11.09% 1.86%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $49.30M $31.22M $40.50M
YoY Change 54.55% -22.9% 9.93%
Depreciation, Depletion And Amortization $167.8M $16.11M $140.3M
YoY Change 15.8% -88.52% -2.57%
Cash From Operating Activities $19.90M $95.40M $104.4M
YoY Change -16.39% -8.62% 19.45%
INVESTING ACTIVITIES
Capital Expenditures -$40.70M -$32.80M -$27.60M
YoY Change 14.33% 18.84% 14.52%
Acquisitions
YoY Change
Other Investing Activities -$22.10M -$3.500M -$1.800M
YoY Change -68.96% 94.44% -33.33%
Cash From Investing Activities -$62.80M -$36.30M -$29.40M
YoY Change -41.2% 23.47% 9.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.30M -53.50M -68.50M
YoY Change -27.66% -21.9% -41.4%
NET CHANGE
Cash From Operating Activities 19.90M 95.40M 104.4M
Cash From Investing Activities -62.80M -36.30M -29.40M
Cash From Financing Activities 52.30M -53.50M -68.50M
Net Change In Cash 9.400M 5.600M 6.500M
YoY Change -187.85% -13.85% -111.55%
FREE CASH FLOW
Cash From Operating Activities $19.90M $95.40M $104.4M
Capital Expenditures -$40.70M -$32.80M -$27.60M
Free Cash Flow $60.60M $128.2M $132.0M
YoY Change 2.02% -2.88% 18.39%

Facts In Submission

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CumulativeTranslationAdjustment
391000 USD
CY2010Q4 rcii Cumulative Translation Adjustment
CumulativeTranslationAdjustment
3245000 USD
rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation
Depreciation
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1783000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1652000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
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rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
103476000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-29662000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-13148000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
266709000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4591000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
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us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
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us-gaap Proceeds From Issuance Of Secured Debt
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us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5298000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2010Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1202000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1544000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-28385000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57373000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
3949000 USD
rcii Number Of Issues In Disagreement With Case Law Applied By Internal Revenue Service
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one
us-gaap Unrecognized Tax Benefits Period Increase Decrease
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1900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3125000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
12084000 USD
rcii Increase Decrease In Rental Merchandise
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
362000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
55870000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
170944000 USD
rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
378335000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
800000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
89000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<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 September 2011, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update 2011-08</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Intangibles&#8212;Goodwill and Other (Topic 350):</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Testing Goodwill for Impairment, </font><font style="font-family:Times New Roman;font-size:10pt;">(&#8220;</font><font style="font-family:Times New Roman;font-size:10pt;">ASU</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2011-08</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;), which allows companies to waive comparing the fair value of a reporting unit to its carrying amount in assessing the recoverability of goodwill if, based on qualitative factors, it is not more likely than not that the fair value of a reporting unit is less than its carrying amount.&#160;&#160; </font><font style="font-family:Times New Roman;font-size:10pt;">ASU</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2011-08</font><font style="font-family:Times New Roman;font-size:10pt;"> will be effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December&#160;15, 2011.&#160; The adoption of this standard is not expected to 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;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:13.7px;">In June 2011, the FASB 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 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 to the Codification in the ASU do not change the items that must be reported in other </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:13.7px;">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 financial 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;'></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>
CY2011Q3 rcii Number Of Company Owned Stores
NumberOfCompanyOwnedStores
3002
CY2011Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsGross
73905000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
68281000 USD
CY2011Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71297000 USD
us-gaap Future Amortization Expense Remainder Of Fiscal Year
FutureAmortizationExpenseRemainderOfFiscalYear
1103000 USD
us-gaap Finite Lived Intangible Assets Future Amortization Expense
FiniteLivedIntangibleAssetsFutureAmortizationExpense
11265000 USD
us-gaap Future Amortization Expense Year Two
FutureAmortizationExpenseYearTwo
3528000 USD
us-gaap Future Amortization Expense Year Three
FutureAmortizationExpenseYearThree
800000 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
3170000 USD
CY2010 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
55922000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
-229000 USD
CY2009Q4 us-gaap Goodwill
Goodwill
1268684000 USD
CY2010 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1800000 USD
CY2011Q3 rcii Number Of Kiosk Locations Acquired
NumberOfKioskLocationsAcquired
158
CY2011Q2 rcii Finite Lived Vendor Relationships Gross
FiniteLivedVendorRelationshipsGross
7500000 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
CY2011Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
136800000 USD
CY2011Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
279600000 USD
CY2011Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
236200000 USD
CY2011Q3 rcii Amount Of Difference Between Fair Value And Carrying Value
AmountOfDifferenceBetweenFairValueAndCarryingValue
20400000 USD
CY2011Q3 rcii Prime Rate Percentage Minimum
PrimeRatePercentageMinimum
0.005
CY2011Q3 rcii Prime Rate Percentage Maximum
PrimeRatePercentageMaximum
0.015
CY2011Q3 rcii Eurodollar Rate Percentage Minimum
EurodollarRatePercentageMinimum
0.015
CY2011Q3 rcii Eurodollar Rate Percentage Maximum
EurodollarRatePercentageMaximum
0.025
us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
seven days (for borrowings under the revolving credit facility only) to one, two, three or six months
CY2011Q3 rcii Margin On Eurodollar Rate
MarginOnEurodollarRate
0.0175
CY2011Q3 rcii Margin On Prime Rate
MarginOnPrimeRate
0.0075
CY2011Q3 rcii Commitment Fee Percentage Minimum
CommitmentFeePercentageMinimum
0.003
CY2011Q3 rcii Commitment Fee Percentage Maximum
CommitmentFeePercentageMaximum
0.0055
CY2011Q3 rcii Covenant Limitation Incur Additional Debt In Excess
CovenantLimitationIncurAdditionalDebtInExcess
250000000 USD
CY2011Q3 rcii Maximum Pro Forma Senior Leverage Ratio
MaximumProFormaSeniorLeverageRatio
2.50
CY2011Q3 rcii Our Voting Stock Third Party Ownership Percentage
OurVotingStockThirdPartyOwnershipPercentage
0.35
CY2011Q3 rcii Event Of Default Allowed Period For Judgment
EventOfDefaultAllowedPeriodForJudgment
30
CY2011Q3 rcii Event Of Default Judgment
EventOfDefaultJudgment
50000000 USD
CY2011Q3 rcii Maximum Fund Drawn On Individual Occasion
MaximumFundDrawnOnIndividualOccasion
25000000 USD
CY2011Q3 rcii Maximum Amount Outstanding
MaximumAmountOutstanding
127000000 USD
CY2011Q3 rcii Required Maximum Consolidated Leverage Ratio
RequiredMaximumConsolidatedLeverageRatio
3.25
CY2011Q3 rcii Actual Maximum Consolidated Leverage Ratio
ActualMaximumConsolidatedLeverageRatio
1.66
CY2011Q3 rcii Required Minimum Fixed Charge Coverage Ratio
RequiredMinimumFixedChargeCoverageRatio
1.35
CY2011Q3 rcii Actual Minimum Fixed Charge Coverage Ratio
ActualMinimumFixedChargeCoverageRatio
1.53
CY2011Q3 rcii Consolidated Funded Debt Outstanding
ConsolidatedFundedDebtOutstanding
637400000 USD
CY2011Q3 rcii Consolidated Ebitda
ConsolidatedEBITDA
383400000 USD
CY2011Q3 rcii Consolidated Fixed Charges
ConsolidatedFixedCharges
330400000 USD
CY2011Q3 rcii Consolidated Funded Debt Outstanding Definition
ConsolidatedFundedDebtOutstandingDefinition
25000000 USD
CY2011Q3 rcii Adjusted Consolidated Ebitda
AdjustedConsolidatedEBITDA
504800000 USD
CY2011Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
300000000 USD
CY2011Q3 rcii Proceeds To Repay Term Debt
ProceedsToRepayTermDebt
200000000 USD
CY2011Q3 rcii Event Of Default Failure Of Other Debt Payment In Excess
EventOfDefaultFailureOfOtherDebtPaymentInExcess
50000000 USD
CY2011Q3 rcii Event Of Default Not Discharged Judgment In Excess
EventOfDefaultNotDischargedJudgmentInExcess
50000000 USD
rcii Stock Repurchased And Retired Since Inception Of Program Value
StockRepurchasedAndRetiredSinceInceptionOfProgramValue
715500000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66345000 shares
CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65094000 shares
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
CY2010Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
18900000 USD
CY2011Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7300000 USD
CY2011Q2 us-gaap Restructuring Charges
RestructuringCharges
4900000 USD
rcii Stock Repurchased And Retired Since Inception Of Program Shares
StockRepurchasedAndRetiredSinceInceptionOfProgramShares
29322753 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
5852408 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
164300000 USD
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
800000000 USD
CY2011Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2913706 shares
CY2011Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
71500000 USD
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60030000 shares
CY2011Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
474000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60504000 shares
CY2010Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
652000 shares
CY2010Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65746000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61944000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
704000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62648000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65579000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
766000 shares
CY2011Q3 rcii Term Loan Maximum Amount
TermLoanMaximumAmount
250000000 USD
CY2011Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1297560 shares
CY2010Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2366676 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2044471 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
577742 shares
CY2011Q3 rcii Credit Facility Maximum Borrowing Capacity
CreditFacilityMaximumBorrowingCapacity
750000000 USD
CY2011Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
500000000 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
2011-09-30
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
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
58754647 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3

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