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Document and Company Information - shares	9 Months Ended
Document and Company Information - shares	Sep. 30, 2011	Oct. 24, 2011
Document and Company Information [Abstract]
Entity Registrant Name	RENT A CENTER INC DE
Entity Central Index Key	0000933036
Document Type	10-Q
Document Period End Date	Sep. 30, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		58,754,647

Consolidated Statements of Earnings (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Store
Rentals and fees	$ 622,474,000	$ 576,019,000	$ 1,850,698,000	$ 1,746,390,000
Merchandise sales	52,802,000	44,352,000	203,041,000	176,780,000
Installment sales	16,348,000	15,599,000	49,606,000	45,239,000
Other	4,147,000	20,413,000	13,629,000	60,272,000
Franchise
Merchandise sales	7,250,000	6,975,000	23,921,000	22,155,000
Royalty income and fees	1,250,000	1,222,000	3,807,000	3,706,000
Revenues	704,271,000	664,580,000	2,144,702,000	2,054,542,000
Store expenses
Cost of rentals and fees	142,796,000	127,573,000	417,740,000	387,505,000
Cost of merchandise sold	43,170,000	34,807,000	151,259,000	129,221,000
Cost of installment sales	5,655,000	5,507,000	17,601,000	15,936,000
Salaries and other expenses	405,633,000	389,295,000	1,197,922,000	1,161,887,000
Franchise expenses
Franchise cost of merchandise sold	6,926,000	6,680,000	22,875,000	21,202,000
Direct operating expenses	604,180,000	563,862,000	1,807,397,000	1,715,751,000
General and administrative expenses	33,448,000	30,796,000	100,048,000	94,744,000
Amortization and write-down of intangibles	1,261,000	529,000	3,251,000	3,120,000
Litigation settlement	0	0	2,800,000	0
Impairment charge	0	0	7,320,000	0
Restructuring charge	7,586,000	0	12,519,000	0
Total operating expenses	646,475,000	595,187,000	1,933,335,000	1,813,615,000
Operating profit	57,796,000	69,393,000	211,367,000	240,927,000
Interest expense	8,811,000	6,085,000	28,184,000	18,219,000
Interest income	(91,000)	(282,000)	(482,000)	(606,000)
Earnings before income taxes	49,076,000	63,590,000	183,665,000	223,314,000
Income tax expense	17,852,000	23,093,000	68,323,000	83,526,000
NET EARNINGS	$ 31,224,000	$ 40,497,000	$ 115,342,000	$ 139,788,000
Basic earnings per common share	$ 0.52	$ 0.62	$ 1.86	$ 2.13
Diluted earnings per common share	$ 0.52	$ 0.62	$ 1.84	$ 2.11
Cash dividends per common share	$ 0.16	$ 0.06	$ 0.28	$ 0.06

Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Sep. 30, 2011

Dec. 31, 2010

ASSETS

Cash and cash equivalents

$ 76,025

$ 70,727

^[1]

Receivables, net of allowance for doubtful accounts of $7,976 in 2011 and $8,673 in 2010

43,441

53,890

^[1]

Prepaid expenses and other assets

65,366

170,713

^[1]

Rental merchandise, net

On rent

689,975

655,248

^[1]

Held for rent

187,342

181,606

^[1]

Merchandise held for installment sale

4,962

5,417

^[1]

Property assets, net

262,789

224,639

^[1]

Goodwill, net

1,325,352

1,320,467

^[1]

Other intangible assets, net

11,265

5,624

^[1]

Total Assets

2,666,517

2,688,331

^[1]

LIABILITIES

Accounts payable - trade

96,389

126,051

^[1]

Accrued liabilities

289,618

288,415

^[1]

Deferred income taxes

272,800

218,952

^[1]

Senior debt

388,340

401,114

^[1]

Senior notes

300,000

^[1]

Total Liabilities

1,347,147

1,334,532

^[1]

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Common stock, $.01 par value; 250,000,000 shares authorized; 107,434,737 and 105,990,704 shares issued in 2011 and 2010, respectively

1,074

1,060

^[1]

Additional paid-in capital

747,462

712,600

^[1]

Retained earnings

1,638,886

1,541,168

^[1]

Treasury stock, 48,697,852 and 42,845,444 shares at cost in 2011 and 2010, respectively

(1,068,443)

(904,274)

^[1]

Cumulative translation adjustment

391

3,245

^[1]

Total Stockholders' Equity

1,319,370

1,353,799

^[1]

Total Liabilities and Stockholders' Equity

$ 2,666,517

$ 2,688,331

^[1]

[1]

Audited

Consolidated Balance Sheets (Parenthetical) - USD ($)

Sep. 30, 2011

Dec. 31, 2010

^[1]

Consolidated Balance Sheets [Abstract]

Allowance for doubtful accounts

$ 7,976,000

$ 8,673,000

Common stock - par value

$ 0.01

Common stock - shares authorized

250,000,000

Common stock - shares issued

107,434,737

105,990,704

Treasury stock - shares at cost

48,697,852

42,845,444

[1]

Audited

Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Cash flows from operating activities

Net earnings

$ 115,342

$ 139,788

Adjustments to reconcile net earnings to net cash provided by operating activities

Depreciation of rental merchandise

407,775

378,335

Bad debt expense

2,452

12,084

Stock-based compensation expense

3,420

3,125

Depreciation of property assets

47,938

47,152

Loss on sale or disposal of property assets

1,783

3,099

Amortization of intangibles

3,022

567

Amortization of financing fees

1,652

1,544

Deferred income taxes

53,848

6,708

(6,536)

(2,342)

Impairment charge

7,320

Restructuring charge

12,519

Changes in operating assets and liabilities, net of effects of acquisitions

Rental merchandise

(452,490)

(344,636)

Receivables

7,998

(16,270)

Prepaid expenses and other assets

103,476

1,202

Accounts payable - trade

(29,662)

(9,318)

Accrued liabilities

(13,148)

(28,385)

Net cash provided by operating activities

266,709

192,653

Cash flows from investing activities

Purchase of property assets

(91,979)

(57,373)

Proceeds from sale of property assets

159

Acquisitions of businesses, net of cash acquired

(4,591)

(3,112)

Net cash used in investing activities

(96,411)

(60,396)

Cash flows from financing activities

Purchase of treasury stock

(164,168)

(45,869)

Exercise of stock options

26,006

9,703

6,536

2,342

Payments on capital leases

(261)

(800)

Proceeds from debt

658,945

55,870

Repayments of debt

(671,719)

(170,944)

Dividends paid

(17,485)

(3,949)

Net cash used in financing activities

(162,146)

(153,647)

Effect of exchange rate changes on cash

(2,854)

362

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

5,298

(21,028)

Cash and cash equivalents at beginning of period

70,727

^[1]

101,803

Cash and cash equivalents at end of period

$ 76,025

$ 80,775

[1]

Audited

Significant Accounting Policies and Nature of Operations

9 Months Ended

Sep. 30, 2011

Significant Accounting Policies and Nature of Operations [Abstract]

Significant Accounting Policies and Nature of Operations

1. Significant Accounting Policies and Nature of Operations.

The interim financial statements of Rent-A-Center, Inc. included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the SEC's rules and regulations, although we believe the disclosures are adequate to make the information presented not misleading. We suggest that these financial statements be read in conjunction with the financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2010. In our opinion, the accompanying unaudited interim financial statements contain all adjustments, consisting only of those of a normal recurring nature, necessary to present fairly our results of operations and cash flows for the periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.

Principles of Consolidation and Nature of Operations. These financial statements include the accounts of Rent-A-Center, Inc. and its direct and indirect subsidiaries. All intercompany accounts and transactions have been eliminated. Unless the context indicates otherwise, references to “Rent-A-Center” refer only to Rent-A-Center, Inc., the parent, and references to “we,” “us” and “our” refer to the consolidated business operations of Rent-A-Center and all of its direct and indirect subsidiaries.

Our primary operating segment consists of leasing household durable goods to customers on a rent-to-own basis. We also offer merchandise on an installment sales basis in certain of our stores. At September 30, 2011, we operated 3,002 company-owned stores nationwide and in Canada, Puerto Rico and Mexico, including 35 retail installment sales stores under the names “Get It Now” and “Home Choice,” and 20 rent-to-own stores in Canada under the name “Rent-A-Centre.”

We also operate kiosk locations under the trade name “RAC Acceptance,” which offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer. These kiosks are located within such retailer's store locations. At September 30, 2011, we operated 721 RAC Acceptance locations.

ColorTyme, Inc., an indirect wholly-owned subsidiary of Rent-A-Center, is a nationwide franchisor of rent-to-own stores. At September 30, 2011, ColorTyme had 213 franchised stores operating in 33 states. ColorTyme's primary source of revenue is the sale of rental merchandise to its franchisees, who in turn offer the merchandise to the general public for rent or purchase under a rent-to-own program. The balance of ColorTyme's revenue is generated primarily from royalties based on franchisees' monthly gross revenues.

From 2005 to 2010, we also offered an array of financial services in certain of our existing stores under the names “RAC Financial Services” and “Cash AdvantEdge.” The financial services we offered included, but were not limited to, short term secured and unsecured loans, debit cards, check cashing and money transfer services.

New Accounting Pronouncements. In September 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment, (“ASU 2011-08”), 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. ASU 2011-08 will be effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. 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.

In June 2011, the FASB issued Accounting Standards Update 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income (“ASU 2011-05”), 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

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. 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.

In May 2011, the FASB issued Accounting Standards Update 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs (“ASU 2011-04”). 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. 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 (“GAAP”) and International Financial Reporting Standards (“IFRS”). The amendments are effective for interim and annual periods beginning after December 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.

From time to time, new accounting pronouncements are issued by the FASB or other standards setting bodies that we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of any other recently issued standards that are not yet effective are either not applicable to us at this time or will not have a material impact on our consolidated financial statements upon adoption.

Intangible Assets and Acquisitions

9 Months Ended

Sep. 30, 2011

Intangible Assets and Acquisitions [Abstract]

Intangible Assets and Acquisitions

2. Intangible Assets and Acquisitions.

Amortizable intangible assets consist of the following (in thousands):

			September 30, 2011				December 31, 2010
		Avg.	Gross				Gross
		Life	Carrying		Accumulated		Carrying		Accumulated
		(years)	Amount		Amortization		Amount		Amortization

Non-compete agreements …		3	$	6,096	$	6,087	$	6,094	$	6,057
Customer relationships ……		2		68,928		64,784		67,811		62,224
Vendor relationships……….		11		7,538		426		—		—
	Total …………………		$	82,562	$	71,297	$	73,905	$	68,281

Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for each of the years ending December 31, is as follows (in thousands):

	Estimated
	Amortization Expense
2011……………………………………………………………………………………		$	1,103
2012……………………………………………………………………………………			3,528
2013……………………………………………………………………………………			800
2014……………………………………………………………………………………			568
2015……………………………………………………………………………………			568
Thereafter………………………………………………………………………………			4,698
Total……………………………………………………………………………………		$	11,265

A summary of the changes in recorded goodwill follows (in thousands):
			September 30,		December 31,
			2011		2010

Balance as of January 1, ………………………………			$	1,320,467	$	1,268,684
	Additions from acquisitions …………………………			3,170		55,922
	Goodwill related to stores sold or closed…………….			(229)		(4,320)	⁽¹⁾
	Post purchase price allocation adjustments …………			1,944		181
		Balance as of the end of the period ……………….	$	1,325,352	$	1,320,467

__________

⁽¹⁾

Includes $1.8 million of goodwill impairment related to the discontinuation of our financial services business.

Additions to goodwill due to acquisitions in the first nine months of 2011 were tax deductible.

The Rental Store, Inc.

On December 20, 2010, we acquired The Rental Store, Inc., a leading provider of consumer lease-purchase transactions through third-party retail furniture and electronics retailers. This acquisition resulted in the addition of 158 kiosks to our RAC Acceptance program as of December 31, 2010. The initial accounting for the acquisition was not finalized as of December 31, 2010 due to the timing of the transaction. In the quarter ending June 30, 2011, we recorded an adjustment of $7.5 million from goodwill to vendor relationships after the analysis of acquired intangible assets was completed. Post purchase price allocation adjustments include the vendor relationship adjustment and various other off-setting adjustments including rental merchandise as discussed in the first quarter 2011.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Senior Credit Facilities

9 Months Ended

Sep. 30, 2011

Senior Credit Facilities [Abstract]

Senior Credit Facilities

3. Senior Credit Facilities. On July 14, 2011, we announced the completion of the refinancing of our senior secured debt. Our new $750.0 million senior credit facilities consist of a $250.0 million, five-year term loan and a $500.0 million, five-year revolving credit facility. On that day, we drew down $250.0 million in term loans and $100.0 million under the revolving facility and utilized the proceeds to prepay our existing senior term debt.

The full amount of the revolving credit facility may be used for the issuance of letters of credit, of which $136.8 million had been utilized as of September 30, 2011. As of September 30, 2011, $236.2 million was available under our revolving facility. The revolving credit facility and the term loan expire on July 14, 2016.

Borrowings under our senior credit facility accrue interest at varying rates equal to, at our election, either (y) the prime rate plus 0.50% to 1.50%; or (z) the Eurodollar rate plus 1.50% to 2.50%. Interest periods range from seven days (for borrowings under the revolving credit facility only) to one, two, three or six months, at our election. The margins on the Eurodollar rate and on the prime rate, which are initially 1.75% and 0.75%, respectively, may fluctuate dependent upon an increase or decrease in our consolidated leverage ratio as defined by a pricing grid included in the amended credit agreement. We have not entered into any interest rate protection agreements with respect to term loans under our senior credit facilities. A commitment fee equal to 0.3% to 0.55% of the average daily amount of the available revolving commitment is payable quarterly.

Our senior credit facilities are secured by a security interest in substantially all of our tangible and intangible assets, including intellectual property. Our senior credit facilities are also secured by a pledge of the capital stock of our wholly-owned U.S. subsidiaries (other than certain specified subsidiaries).

Our senior credit facilities contain, without limitation, covenants that generally limit our ability to:

• incur additional debt in excess of $250.0 million at any one time outstanding (other than subordinated debt, which is generally permitted if the maturity date is later than July 14, 2017);

• repurchase our capital stock and 6⅝% notes and pay cash dividends in the event the pro forma senior leverage ratio is greater than 2.50x;

• incur liens or other encumbrances;

• merge, consolidate or sell substantially all our property or business;

• sell assets, other than inventory, in the ordinary course of business;

• make investments or acquisitions unless we meet financial tests and other requirements;

• make capital expenditures; or

• enter into an unrelated line of business.

Our senior credit facilities require us to comply with several financial covenants. The table below shows the required and actual ratios under our credit facilities calculated as of September 30, 2011:

	Required Ratio		Actual Ratio
Maximum consolidated leverage ratio……	No greater than	3.25:1	1.66:1
Minimum fixed charge coverage ratio……	No less than	1.35:1	1.53:1

These financial covenants, as well as the related components of their computation, are defined in the amended and restated credit agreement governing our senior credit facility, which is included as an exhibit to our Current Report on Form 8-K dated as of July 14, 2011. In accordance with the credit agreement, the maximum consolidated leverage ratio was calculated by dividing the consolidated funded debt outstanding at September 30, 2011 ($637.4 million) by consolidated EBITDA for the nine month period ended September 30, 2011 ($383.4 million). For purposes of the covenant calculation, (i) “consolidated funded debt” is defined as outstanding indebtedness less cash in excess of $25.0 million, and (ii) “consolidated EBITDA” is generally defined as consolidated net income (a) plus the sum of income taxes, interest expense, depreciation and amortization expense, extraordinary non-cash expenses or losses, and other non-cash charges, and (b) minus the sum of interest income, extraordinary income or gains, other non-cash income, and cash payments with respect to extraordinary non-cash expenses or losses recorded in prior fiscal quarters. Consolidated EBITDA is a non-GAAP financial measure that is presented not as a measure of operating results, but rather as a measure used to determine covenant compliance under our senior credit facilities.

The minimum fixed charge coverage ratio was calculated pursuant to the credit agreement by dividing consolidated EBITDA for the nine month period ended September 30, 2011, as adjusted for certain capital expenditures ($504.8 million), by consolidated fixed charges for the nine month period ended September 30, 2011 ($330.4 million). For purposes of the covenant calculation, “consolidated fixed charges” is defined as the sum of interest expense, lease expense, cash dividends, and mandatory debt repayments.

Events of default under our senior credit facilities include customary events, such as a cross-acceleration provision in the event that we default on other debt. In addition, an event of default under the senior credit facility would occur if a change of control occurs. This is defined to include the case where a third party becomes the beneficial owner of 35% or more of our voting stock or certain changes in Rent-A-Center's Board of Directors occurs. An event of default would also occur if one or more judgments were entered against us of $50.0 million or more and such judgments were not satisfied or bonded pending appeal within 30 days after entry.

We utilize our revolving credit facility for the issuance of letters of credit, as well as to manage normal fluctuations in operational cash flow caused by the timing of cash receipts. In that regard, we may from time to time draw funds under the revolving credit facility for general corporate purposes. The funds drawn on individual occasions have varied in amounts of up to $25.0 million, with total amounts outstanding ranging up to $127.0 million. The amounts drawn are generally outstanding for a short period of time and are generally paid down as cash is received from our operating activities.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Subsidiary Guarantors Senior Notes

9 Months Ended

Sep. 30, 2011

Subsidiary Guarantors Senior Notes [Abstract]

Subsidiary Guarantors - Senior Notes

4. Subsidiary Guarantors.

6⅝% Senior Notes. On November 2, 2010, we issued $300.0 million in senior unsecured notes due November 2020, bearing interest at 6⅝%, pursuant to an indenture dated November 2, 2010, among Rent-A-Center, Inc., its subsidiary guarantors and The Bank of New York Mellon Trust Company, as trustee. A portion of the proceeds of this offering were used to repay approximately $200.0 million of outstanding term debt under our senior credit facility. The remaining net proceeds were used to repurchase shares of our common stock.

The 2010 indenture contains covenants that limit our ability to:

• incur additional debt;

• sell assets or our subsidiaries;

• grant liens to third parties;

• pay cash dividends or repurchase stock; and

• engage in a merger or sell substantially all of our assets.

Events of default under the 2010 indenture include customary events, such as a cross-acceleration provision in the event that we default in the payment of other debt due at maturity or upon acceleration for default in an amount exceeding $50.0 million, as well as in the event a judgment is entered against us in excess of $50.0 million that is not discharged, bonded or insured.

The 6⅝% notes may be redeemed on or after November 15, 2015, at our option, in whole or in part, at a premium declining from 103.313%. The 6⅝% notes may be redeemed on or after November 15, 2018, at our option, in whole or in part, at par. The 6⅝% notes also require that upon the occurrence of a change of control (as defined in the 2010 indenture), the holders of the notes have the right to require us to repurchase the notes at a price equal to 101% of the original aggregate principal amount, together with accrued and unpaid interest, if any, to the date of repurchase. This would trigger an event of default under our senior credit facilities. We are not required to maintain any financial ratios under the 2010 indenture.

Rent-A-Center and its subsidiary guarantors have fully, jointly and severally, and unconditionally guaranteed the obligations of Rent-A-Center with respect to the 6⅝% notes. Rent-A-Center has no independent assets or operations, and each subsidiary guarantor is 100% owned directly or indirectly by Rent-A-Center. The only direct or indirect subsidiaries of Rent-A-Center that are not guarantors are minor subsidiaries. There are no restrictions on the ability of any of the subsidiary guarantors to transfer funds to Rent-A-Center in the form of loans, advances or dividends, except as provided by applicable law.

Income Taxes

9 Months Ended

Sep. 30, 2011

Income Taxes [Abstract]

Income Taxes

5. Income Taxes. We are subject to federal, state, local and foreign income taxes. Along with our U.S. subsidiaries, we file a U.S. federal consolidated income tax return. With few exceptions, we are no longer subject to U.S. federal, state, foreign and local income tax examinations by tax authorities for years before 2007. The appeals process with the Internal Revenue Service (IRS) Office of Appeals for the years 2001 through 2007 has been completed. We reached agreement on all issues except one issue with respect to the 2003 tax year which also recurs in each of the taxable years 2004 through 2007. We believe the position and supporting case law applied by the IRS are incorrectly applied to our situation and that our fact pattern is distinguishable from the IRS' position. We intend to vigorously defend our position on the issue. This matter has been docketed in the United States Tax Court for trial in November 2011. Currently, we are also under examination in various states. We do not anticipate that adjustments, if any, regarding the 2003 through 2007 disputed issue or state examinations will result in a material change to our consolidated statement of earnings, financial condition, statement of cash flows or earnings per share.

In determining the quarterly provision for income taxes, we use an estimated annual effective tax rate based on forecasted annual income, permanent items, statutory tax rates and tax planning opportunities in the various jurisdictions in which we operate. Significant factors that could impact the annual effective tax rate include management's assessment of certain tax matters and the composition of taxable income between the various jurisdictions in which we operate. We recognize the impact of significant discrete items separately in the quarter in which they occur.

We recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon the ultimate settlement with the relevant tax authority. We review our tax positions quarterly and adjust the balance as new information becomes available.

We provide for uncertain tax positions and related interest and penalties and adjust our unrecognized tax benefits, accrued interest and penalties in the normal course of our business. At September 30, 2011, our unrecognized tax benefits had increased by $1.9 million from December 31, 2010.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Fair Value

9 Months Ended

Sep. 30, 2011

Fair Value [Abstract]

Fair Value

6. Fair Value. At September 30, 2011, our financial instruments include cash and cash equivalents, receivables, payables, senior debt and senior notes. The carrying amount of cash and cash equivalents, receivables and payables approximates fair value at September 30, 2011 and December 31, 2010, because of the short maturities of these instruments. Our senior debt is variable rate debt that re-prices frequently and entails no significant change in credit risk and, as a result, fair value approximates carrying value. The fair value of our senior notes is based on observable market data. At September 30, 2011, the fair value of our senior notes was $279.6 million, which was approximately $20.4 million below their carrying value of $300.0 million. At December 31, 2010, the fair value of our senior notes was $299.8 million, which was approximately $200,000 below their carrying value of $300.0 million.

We use a three-tier fair value hierarchy, which classifies the inputs used in measuring fair values, in determining the fair value of our non-financial assets and non-financial liabilities, which consist primarily of goodwill. These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. There were no changes in the methods and assumptions used in measuring fair value during the period.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13537-108611

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13504-108611

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

+ Details

Impairment Charge

9 Months Ended

Sep. 30, 2011

Impairment Charge [Abstract]

Impairment Charge

7. Impairment Charge.

Our impairment charge consists of the following (in thousands):

		Nine months ended
		September 30, 2011

Loan write-down…………………………………………………………………….			$	2,569
Fixed asset disposal………………………………………………………………….				1,172
Other…………………………………………………………………………………				3,579
	Total …………………………………………………………………………….		$	7,320

During the fourth quarter of 2010, we recorded a pre-tax impairment charge of $18.9 million, which primarily related to fixed asset disposals, goodwill impairment, loan write-downs, and other miscellaneous items as a result of the discontinuation of our financial services business. During the first quarter of 2011, we recorded a pre-tax impairment charge of approximately $7.3 million related to additional loan write-downs, fixed asset disposals (store reconstruction), and other miscellaneous items. The impairment charges were based on the amount that the carrying value exceeded the estimated fair value of the assets. The fair value was based on our historical experience with store acquisitions and divestitures, which are Level 3 inputs.

Restructuring Charges

9 Months Ended

Sep. 30, 2011

Restructuring Charges [Abstract]

Restructuring Charges

8. Restructuring Charges. During the third quarter of 2011, we recorded a pre-tax restructuring charge of $7.6 million related to the closure of eight Home Choice stores in Illinois and 24 RAC Limited locations within third party grocery stores, all of which had been operated on a test basis, as well as the closure of 26 core rent-to-own stores following the sale of all customer accounts at those locations. The charge with respect to these closings relates primarily to lease terminations, fixed asset disposals, and other miscellaneous items. We expect to use approximately $4.2 million of cash on hand for future payments, which primarily relate to lease obligations. We expect the lease obligations will be substantially completed in 24 to 30 months, with total completion no later than the second quarter of 2016.

During the second quarter of 2011, we recorded a pre-tax restructuring charge of approximately $4.9 million in connection with the December 2010 acquisition of The Rental Store, Inc. This charge related to post-acquisition lease terminations. We expect to use approximately $2.5 million of cash on hand for future payments. We expect the lease obligations will be substantially completed in 18 to 24 months, with total completion no later than the fourth quarter of 2017.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details

Repurchases of Outstanding Securities	9 Months Ended
Repurchases of Outstanding Securities	Sep. 30, 2011
Repurchases of Outstanding Securities [Abstract]
Repurchases of Outstanding Securities	9. Repurchases of Outstanding Securities. Our Board of Directors has authorized a common stock repurchase program, permitting us to purchase, from time to time, in the open market and privately negotiated transactions, up to an aggregate of $800.0 million of Rent-A-Center common stock. We have repurchased a total of 29,322,753 shares and 23,470,345 shares of Rent-A-Center common stock for an aggregate purchase price of $715.5 million and $551.2 million as of September 30, 2011 and December 31, 2010, respectively, under this common stock repurchase program. We repurchased 2,913,706 shares for $71.5 million in the third quarter of 2011. Through the nine months ended September 30, 2011, we repurchased a total of 5,852,408 shares for approximately $164.3 million in cash.

Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

10. Earnings Per Share.

Basic and diluted earnings per common share were calculated as follows:

		Three months ended September 30, 2011
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	31,224	60,030	$	0.52
Effect of dilutive stock options ……………		—	474

Diluted earnings per common share ………	$	31,224	60,504	$	0.52

		Three months ended September 30, 2010
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	40,497	65,094	$	0.62
Effect of dilutive stock options ……………		—	652

Diluted earnings per common share ………	$	40,497	65,746	$	0.62

		Nine months ended September 30, 2011
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	115,342	61,944	$	1.86
Effect of dilutive stock options ……………		—	704

Diluted earnings per common share ………	$	115,342	62,648	$	1.84

		Nine months ended September 30, 2010
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	139,788	65,579	$	2.13
Effect of dilutive stock options ……………		—	766

Diluted earnings per common share ………	$	139,788	66,345	$	2.11

For the three months ended September 30, 2011 and 2010, the number of stock options that were outstanding but not included in the computation of diluted earnings per common share and, therefore anti-dilutive, were 1,297,560 and 2,366,676, respectively.

For the nine months ended September 30, 2011 and 2010, the number of stock options that were outstanding but not included in the computation of diluted earnings per common share and, therefore anti-dilutive, were 577,742 and 2,044,471, respectively.

Significant Accounting Policies and Nature of Operations (Policies)	9 Months Ended
	Sep. 30, 2011
Significant Accounting Policies and Nature of Operations (Policies) [Abstract]
Principles of Consolidation	All intercompany accounts and transactions have been eliminated.
New Accounting Pronouncements	New Accounting Pronouncements. In September 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment, (“ASU 2011-08”), 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. ASU 2011-08 will be effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. 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. In June 2011, the FASB issued Accounting Standards Update 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income (“ASU 2011-05”), 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 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. 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. In May 2011, the FASB issued Accounting Standards Update 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs (“ASU 2011-04”). 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. 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 (“GAAP”) and International Financial Reporting Standards (“IFRS”). The amendments are effective for interim and annual periods beginning after December 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.

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 140
-Paragraph 46
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 5, 6, 16-19
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 20
-Subparagraph a(2)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 96-16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 97-2
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 3A
-Section 02, 03

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph k
-Article 1

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 4
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 4
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 40
-Section 45
-URI http://asc.fasb.org/section&trid=2197723

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6921930&loc=d3e5614-111684

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.3A-02)
-URI http://asc.fasb.org/extlink&oid=6959686&loc=d3e355033-122828

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196966

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6382870&loc=d3e33801-111570

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 325
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=2197087

+ Details

Intangible Assets and Acquisitions (Tables)

9 Months Ended

Sep. 30, 2011

Intangible Assets and Acquisitions (Tables) [Abstract]

Amortizable Intangible Assets

			September 30, 2011				December 31, 2010
		Avg.	Gross				Gross
		Life	Carrying		Accumulated		Carrying		Accumulated
		(years)	Amount		Amortization		Amount		Amortization

Non-compete agreements …		3	$	6,096	$	6,087	$	6,094	$	6,057
Customer relationships ……		2		68,928		64,784		67,811		62,224
Vendor relationships……….		11		7,538		426		—		—
	Total …………………		$	82,562	$	71,297	$	73,905	$	68,281

Estimated Amortization Expense

	Estimated
	Amortization Expense
2011……………………………………………………………………………………		$	1,103
2012……………………………………………………………………………………			3,528
2013……………………………………………………………………………………			800
2014……………………………………………………………………………………			568
2015……………………………………………………………………………………			568
Thereafter………………………………………………………………………………			4,698
Total……………………………………………………………………………………		$	11,265

Changes in Recorded Goodwill

A summary of the changes in recorded goodwill follows (in thousands):
			September 30,		December 31,
			2011		2010

Balance as of January 1, ………………………………			$	1,320,467	$	1,268,684
	Additions from acquisitions …………………………			3,170		55,922
	Goodwill related to stores sold or closed…………….			(229)		(4,320)	⁽¹⁾
	Post purchase price allocation adjustments …………			1,944		181
		Balance as of the end of the period ……………….	$	1,325,352	$	1,320,467

__________

⁽¹⁾

Includes $1.8 million of goodwill impairment related to the discontinuation of our financial services business.

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details

Senior Credit Facilities (Table)

9 Months Ended

Sep. 30, 2011

Senior Credit Facilities (Table) [Abstract]

Financial Covenants Ratios

	Required Ratio		Actual Ratio
Maximum consolidated leverage ratio……	No greater than	3.25:1	1.66:1
Minimum fixed charge coverage ratio……	No less than	1.35:1	1.53:1

Impairment Charge (Table)

9 Months Ended

Sep. 30, 2011

Impairment Charge (Table) [Abstract]

Impairment Charge

		Nine months ended
		September 30, 2011

Loan write-down…………………………………………………………………….			$	2,569
Fixed asset disposal………………………………………………………………….				1,172
Other…………………………………………………………………………………				3,579
	Total …………………………………………………………………………….		$	7,320

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings Per Share (Tables) [Abstract]

Earnings Per Common Share

		Three months ended September 30, 2011
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	31,224	60,030	$	0.52
Effect of dilutive stock options ……………		—	474

Diluted earnings per common share ………	$	31,224	60,504	$	0.52

		Three months ended September 30, 2010
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	40,497	65,094	$	0.62
Effect of dilutive stock options ……………		—	652

Diluted earnings per common share ………	$	40,497	65,746	$	0.62

		Nine months ended September 30, 2011
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	115,342	61,944	$	1.86
Effect of dilutive stock options ……………		—	704

Diluted earnings per common share ………	$	115,342	62,648	$	1.84

		Nine months ended September 30, 2010
			Weighted
(In thousands, except per share data)	Net Earnings		Average Shares	Per Share

Basic earnings per common share …………	$	139,788	65,579	$	2.13
Effect of dilutive stock options ……………		—	766

Diluted earnings per common share ………	$	139,788	66,345	$	2.11

Significant Accounting Policies and Nature of Operations (Details)	Sep. 30, 2011
Nature of Operations (Details) [Abstract]
Number of company-owned stores nationwide and in Canada, Puerto Rico and Mexico	3,002
Number of retail installment sales stores	35
Number of rent-to-own stores in Canada	20
Number of RAC Acceptance locations	721
Number of ColorTyme franchised stores	213
Number of states with ColorTyme franchised stores	33

Intangible Assets and Acquisitions (Details)
$ in Thousands

9 Months Ended

12 Months Ended

Sep. 30, 2011

USD ($)

Dec. 31, 2010

USD ($)

Jun. 30, 2011

USD ($)

Acquisitions (Details) [Abstract]

Number of locations added via acquisition of The Rental Store, Inc

158

Vendor relationships

$ 7,500

Finite Lived Intangible Assets Line Items

Gross carrying amount

$ 82,562

$ 73,905

Accumulated amortization

71,297

68,281

Goodwill Roll Forward

Goodwill, beginning balance

1,320,467

^[1]

1,268,684

Additions from acquisitions

3,170

55,922

(229)

(4,320)

Post purchase price allocation adjustment

1,944

181

Goodwill, ending balance

1,325,352

1,320,467

^[1]

Goodwill impairment related to discontinuation of our financial services business

1,800

Estimated Amortization Expense (Table Details) [Abstract]

1,103

3,528

800

568

568

4,698

$ 11,265

Noncompete Agreements Member

Finite Lived Intangible Assets Line Items

Average Life (years)

Gross carrying amount

$ 6,096

6,094

Accumulated amortization

$ 6,087

6,057

Customer Relationships Member

Finite Lived Intangible Assets Line Items

Average Life (years)

Gross carrying amount

$ 68,928

67,811

Accumulated amortization

$ 64,784

$ 62,224

Vendor Relationships [Member]

Finite Lived Intangible Assets Line Items

Average Life (years)

Gross carrying amount

$ 7,538

Accumulated amortization

$ 426

[1]

Audited

Senior Credit Facilities (Details) - USD ($) $ in Millions		9 Months Ended
Senior Credit Facilities (Details) - USD ($) $ in Millions	Jul. 14, 2011	Sep. 30, 2011
Financial Covenants Ratios (Table Details) [Abstract]
Required maximum consolidated leverage ratio		3.25
Actual maximum consolidated leverage ratio		1.66
Required minimum fixed charge coverage ratio		1.35
Actual minimum fixed charge coverage ratio		1.53
Senior Credit Facilities (Details) [Abstract]
New credit facilities total, maximum	$ 750.0
Term loan, maximum	250.0
Revolving credit facility, maximum	500.0
Proceeds from issuance of term loan	250.0
Drawn amount of revolving credit facility	$ 100.0
Letters of credit outstanding		$ 136.8
Revolvig credit facility, amount available		$ 236.2
Interest accrued at prime rate plus %, minimum		0.50%
Interest accrued at prime rate plus %, maximum		1.50%
Interest accrued at Eurodollar rate plus %, minimum		1.50%
Interest accrued at Eurodollar rate plus %, maximum		2.50%
Interest period range		seven days (for borrowings under the revolving credit facility only) to one, two, three or six months
Margin on Eurodollar rate		1.75%
Margin on prime rate		0.75%
Commitment fee %, minimum		0.30%
Commitment fee %, maximum		0.55%
Incur additional debt in excess of (covenant)		$ 250.0
Maximum pro forma senior leverage ratio		2.50
Consolidated funded debt outstanding		$ 637.4
Consolidated EBITDA		383.4
Outstanding indebtedness less cash in excess of		25.0
Adjusted consolidated EBITDA		504.8
Consolidated fixed charges		$ 330.4
Event of default - 3rd party ownership % of our voting stock		35.00%
Event of default- not satisfied or bonded judgment in excess of		$ 50.0
Maximum period allowed for pending judgment to satisfy or bond (in days)		30
Maximum fund drawn on individual occasion		$ 25.0
Maximum amount outstanding		$ 127.0

Subsidiary Guarantors Senior Notes (Details) $ in Millions	Sep. 30, 2011 USD ($)
Senior Notes (Details) [Abstract]
Face value of senior notes	$ 300.0
Interest rate of senior notes	6.625%
Portion of proceeds from senior notes used to repay outstanding term debt	$ 200.0
Senior notes - redeemable at a premium declining from this %	103.313%
Percentage of original aggregate principal amount of senior notes included in repurchase price at change of control	101.00%
Event of default for senior notes - failure of other debt payment at maturity in excess of this amount	$ 50.0
Event of default for senior notes - not discharged, bonded or insured judgment in excess of this amount	$ 50.0
Subsidiary Guarantors (Details) [Abstract]
Our ownership % of subsidiary guarantors of senior notes	100.00%

Income Taxes (Details) $ in Millions	9 Months Ended
Income Taxes (Details) $ in Millions	Sep. 30, 2011 USD ($)
Income Tax (Details) [Abstract]
Number of issues in disagreement with case law applied by IRS	one
Amount of increase in unrecognized tax benefits since year end	$ 1.9

Fair Value (Details) - USD ($)

Sep. 30, 2011

Dec. 31, 2010

Fair Value (Details) [Abstract]

Fair value of senior notes

$ 279,600,000

$ 299,800,000

Carrying value of senior notes

300,000,000

^[1]

Amount of difference between fair value and carrying value

$ 20,400,000

$ 200,000

[1]

Audited

Impairment Charge (Details) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
Impairment Charge (Details) - USD ($) $ in Thousands	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Impairment Charge (Details) [Abstract]
Impairment charge	$ 0		$ 7,300	$ 18,900	$ 0	$ 7,320	$ 0
Impairment Charge (Table Details) [Abstract]
Loan write-down		$ 0				2,569
Fixed asset disposal		0				1,172
Other		$ 0				3,579
Total	$ 0		$ 7,300	$ 18,900	$ 0	$ 7,320	$ 0

Restructuring Charge (Details) $ in Thousands	3 Months Ended			9 Months Ended
Restructuring Charge (Details) $ in Thousands	Sep. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)
Restructuring Charge [Line Items]
Restructuring charge	$ 7,586	$ 4,900	$ 0	$ 12,519	$ 0
Home Choice Stores [Member]
Restructuring Charge [Line Items]
Number of stores or locations closed	8			8
Rent-To-Own Stores [Member]
Restructuring Charge [Line Items]
Number of stores or locations closed	26			26
RAC Limited Locations [Member]
Restructuring Charge [Line Items]
Number of stores or locations closed	24			24
Stores and Locations Closures [Member]
Restructuring Charge [Line Items]
Cash on hand for future payments	$ 4,200			$ 4,200
Completion of lease obligations, minimum period (in months)	24			24
Completion of lease obligations, maximum period (in months)	30			30
Stores and Locations Acquisitions [Member]
Restructuring Charge [Line Items]
Cash on hand for future payments	$ 2,500			$ 2,500
Completion of lease obligations, minimum period (in months)	18			18
Completion of lease obligations, maximum period (in months)	24			24

Repurchases of Outstanding Securities (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2011	Sep. 30, 2011	Dec. 31, 2010
Repurchases of Outstanding Securities (Details) [Abstract]
Authorized aggregate amount		$ 800.0
Total number of shares repurchased since inception of our stock repurchase program (shares)		29,322,753	23,470,345
Aggregate purchase price of shares repurchased since inception of our stock repurchase program		$ 715.5	$ 551.2
Number of shares repurchased (shares)	2,913,706	5,852,408
Purchase price of shares repurchased	$ 71.5	$ 164.3

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Earnings Per Share (Details) [Abstract]
Number of anti-dilutive stock options	1,297,560	2,366,676	577,742	2,044,471
Earnings Per Share (Table Details) [Abstract]
Net earnings	$ 31,224	$ 40,497	$ 115,342	$ 139,788
Basic weighted average shares	60,030,000	65,094,000	61,944,000	65,579,000
Effect of dilutive stock options	474,000	652,000	704,000	766,000
Diluted weighted average shares	60,504,000	65,746,000	62,648,000	66,345,000
Basic earnings per common share	$ 0.52	$ 0.62	$ 1.86	$ 2.13
Diluted earnings per common share	$ 0.52	$ 0.62	$ 1.84	$ 2.11

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6510752

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6508534

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6505113

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+ Details

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Emerging Issues Task Force (EITF)
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=6528421

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+ Details