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Document and Company Information - shares	3 Months Ended
Document and Company Information - shares	Mar. 31, 2015	Apr. 27, 2015
Entity Information [Line Items]
Entity Registrant Name	RENT A CENTER INC DE
Entity Central Index Key	0000933036
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	RCII
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		53,027,749

Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Store
Rentals and fees	$ 711,450	$ 691,187
Merchandise sales	136,280	108,061
Installment sales	18,253	18,060
Other	5,431	4,258
Total store revenues	871,414	821,566
Franchise
Merchandise sales	4,387	5,328
Royalty income and fees	1,838	1,579
Total revenues	877,639	828,473
Store
Cost of rentals and fees	185,118	175,216
Cost of merchandise sold	117,722	79,617
Cost of installment sales	6,157	6,086
Total cost of store revenues	308,997	260,919
Franchise
Franchise cost of merchandise sold	4,049	5,004
Total cost of revenues	313,046	265,923
Gross profit	564,593	562,550
Operating expenses
Labor	220,974	225,938
Other store expenses	224,175	215,158
General and administrative expenses	42,691	42,110
Depreciation, amortization and write-down of intangibles	19,764	19,886
Other (gains) and charges	391	0
Total operating expenses	507,995	503,092
Operating profit	56,598	59,458
Finance charges from refinancing	0	4,213
Interest expense	12,578	11,401
Interest income	(190)	(236)
Earnings before income taxes	44,210	44,080
Income tax expense	16,912	16,814
NET EARNINGS	$ 27,298	$ 27,266
Basic earnings per common share	$ 0.51	$ 0.52
Diluted earnings per common share	0.51	0.51
Cash dividends declared per common share	$ 0.24	$ 0.23

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net earnings	$ 27,298	$ 27,266
Other comprehensive income (loss):
Total other comprehensive income (loss)	(777)	(97)
COMPREHENSIVE INCOME	$ 26,521	$ 27,169

- Definition

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

+ References + Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 93,115	$ 46,126
Receivables, net of allowance for doubtful accounts of $3,588 in 2015 and $4,023 in 2014	61,939	65,492
Prepaid expenses and other assets	78,025	206,150
Rental merchandise, net
On rent	950,890	960,414
Held for rent	266,872	277,442
Merchandise held for installment sale	4,730	4,855
Property assets, net of accumulated depreciation of $455,445 in 2015 and $440,586 in 2014	327,477	332,726
Goodwill	1,376,249	1,370,459
Other intangible assets, net	9,253	7,533
Total Assets	3,168,550	3,271,197
LIABILITIES
Accounts payable - trade	145,935	141,878
Accrued liabilities	409,602	351,812
Deferred income taxes	308,828	345,299
Senior debt	348,750	492,813
Senior notes	550,000	550,000
Total Liabilities	1,763,115	1,881,802
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 250,000,000 shares authorized; 109,396,953 and 109,353,001 shares issued in 2015 and 2014, respectively	1,094	1,094
Additional paid-in capital	815,453	813,178
Retained earnings	1,941,987	1,927,445
Treasury stock at cost, 56,369,752 shares in 2015 and 2014	(1,347,677)	(1,347,677)
Accumulated other comprehensive income (loss)	(5,422)	(4,645)
Total Stockholders' Equity	1,405,435	1,389,395
Total Liabilities and Stockholders' Equity	$ 3,168,550	$ 3,271,197

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 3,588	$ 4,023
Accumulated depreciation, property assets	$ 455,445	$ 440,586
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	250,000,000	250,000,000
Common stock - shares issued	109,396,953	109,353,001
Treasury stock - shares at cost	56,369,752	56,369,752

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities
Net earnings	$ 27,298	$ 27,266
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation of rental merchandise	179,668	169,489
Bad debt expense	3,712	3,664
Stock-based compensation expense	2,163	1,472
Depreciation of property assets	18,849	19,139
Loss on sale or disposal of property assets	232	1,487
Amortization of intangibles	886	747
Amortization of financing fees	770	870
Deferred income taxes	(36,471)	(25,350)
Excess tax benefit related to stock awards	(31)	(20)
Changes in operating assets and liabilities, net of effects of acquisitions
Rental merchandise	(156,158)	(136,199)
Receivables	(159)	(2,735)
Prepaid expenses and other assets	127,249	(397)
Accounts payable - trade	(4,057)	(3,377)
Accrued liabilities	55,973	57,250
Net cash provided by operating activities	228,038	120,060
Cash flows from investing activities
Purchase of property assets	(14,245)	(23,108)
Proceeds from sale of property assets	648	7
Acquisitions of businesses	(10,659)	(5,369)
Net cash used in investing activities	(24,256)	(28,470)
Cash flows from financing activities
Exercise of stock options	522	632
Excess tax benefit related to stock awards	31	20
Proceeds from debt	158,250	176,580
Repayments of debt	(302,312)	(217,855)
Dividends paid	(12,742)	(12,147)
Net cash provided by (used in) financing activities	(156,251)	(52,770)
Effect of exchange rate changes on cash	(542)	(82)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	46,989	38,738
Cash and cash equivalents at beginning of period	46,126	42,274
Cash and cash equivalents at end of period	$ 93,115	$ 81,012

Significant Accounting Policies and Nature of Operations	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies and Nature of Operations [Abstract]
Significant Accounting Policies and Nature of Operations	The interim consolidated 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 ("GAAP") 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 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, 2014. 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. 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 any or all of its direct and indirect subsidiaries. We report four operating segments: Core U.S., Acceptance Now, Mexico and Franchising. Our Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada and Puerto Rico that lease household durable goods to customers on a rent-to-own basis. Our stores in Canada operate under the name “Rent-A-Centre.” We also offer merchandise on an installment sales basis in certain of our stores under the names “Get It Now” and “Home Choice.” Our Acceptance Now segment generally offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within such retailers’ locations. Those kiosks can be staffed by an Acceptance Now employee (staffed locations) or employ a virtual solution where customers initiate the rent-to-own transaction online in the retailers' locations using our tablet computer and our virtual solution (direct locations). Our Mexico segment consists of our company-owned rent-to-own stores in Mexico that lease household durable goods to customers on a rent-to-own basis. Our stores in Mexico operate under the name “RAC - La mejor forma de comprar,” which translates as RAC - A better way to buy. Rent-A-Center Franchising International, Inc., an indirect wholly owned subsidiary of Rent-A-Center, is a franchisor of rent-to-own stores. Our Franchising segment’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 transaction. The balance of our Franchising segment’s revenue is generated primarily from royalties based on franchisees’ monthly gross revenues. New Accounting Pronouncements. In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for identifying a discontinued operation. Under ASU 2014-08, the definition of a discontinued operation is limited to the disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has, or will have, a major effect on an entity's operations and financial results. Rent-A-Center adopted this ASU on January 1, 2015, and it did not have a significant impact on our financial position, results of operations or cash flows. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. ASU 2014-09 will be effective for Rent-A-Center beginning January 1, 2017, and early adoption is not permitted. The ASU allows adoption with either retrospective application to each prior period presented, or retrospective application with the cumulative effect recognized as of the date of initial application. We are currently in the process of determining what impact, if any, the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the transition alternatives. On April 7, 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. ASU 2015-03 will be effective for Rent-A-Center for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The new guidance will be applied on a retrospective basis. Based on balances at March 31, 2015, the impact on our consolidated balance sheet would be a reduction in prepaid expenses and other assets of approximately $15.0 million, a reduction in senior debt of approximately $7.4 million and a reduction in senior notes of approximately $7.6 million. 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.

Correction of Immaterial Errors (Notes)

3 Months Ended

Mar. 31, 2015

Correction of Immaterial Errors [Abstract]

Correction of Immaterial Errors

During the fourth quarter of 2014, we identified errors in accounting for revenues, cost of revenues and other store expenses resulting in an immaterial correction of errors in our previously issued consolidated financial statements. Each of these errors affected periods beginning prior to 2012 through December 31, 2014. In accordance with Staff Accounting Bulletin (SAB) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, management evaluated the materiality of the errors from qualitative and quantitative perspectives, and concluded that the errors did not, individually or in the aggregate, result in a material misstatement of our previously issued consolidated financial statements. Due to the immaterial nature of the error corrections, the comparable 2014 amounts in the accompanying financial statements have been revised herein as discussed below.

The errors discussed above, adjusted for the related income tax expense impact, resulted in an overstatement of net earnings of $1.6 million for the three-month period ended March 31, 2014 as detailed in the table below:



	Three Months Ended March 31, 2014
(In thousands, except per share data)	Previously Reported		Adjustment			As Revised
Rentals and fees	$	694,168	$	(2,981	)	$	691,187
Installment sales	18,356		(296		)	18,060
Franchise merchandise sales	7,324		(1,996		)	5,328
Total revenues	833,746		(5,273		)	828,473
Cost of rentals and fees	177,870		(2,654		)	175,216
Cost of installment sales	6,382		(296		)	6,086
Franchise cost of merchandise sold	7,000		(1,996		)	5,004
Total cost of revenues	270,869		(4,946		)	265,923
Gross profit	562,877		(327		)	562,550
Store labor	225,678		260			225,938
Other store expenses	215,440		(282		)	215,158
Operating profit	59,763		(305		)	59,458
Finance charges from refinancing	1,946		2,267			4,213
Earnings before income taxes	46,652		(2,572		)	44,080
Income tax expense	17,795		(981		)	16,814
Net earnings	28,857		(1,591		)	27,266
Basic earnings per common share	$	0.55	$	(0.03	)	$	0.52
Diluted earnings per common share	$	0.54	$	(0.03	)	$	0.51

The errors discussed above also resulted in changes to previously reported amounts in our consolidated statements of cash flows. The previously reported changes in operating assets and liabilities in the reconciliation of net income to cash provided by operating activities have been revised as detailed in the table below. These errors had no impact on net cash provided by operating activities:



	Three Months Ended March 31, 2014
(In thousands, except per share data)	Previously Reported			Adjustment			As Revised
Net earnings	$	28,857		$	(1,591	)	$	27,266
Depreciation of rental merchandise	169,843			(354		)	169,489
Finance charges from refinancing	1,946			(1,946		)	—
Deferred income taxes	(24,370		)	(980		)	(25,350		)
Rental merchandise	(135,407		)	(792		)	(136,199		)
Receivables	(2,849		)	114			(2,735		)
Prepaid expenses and other assets	(4,609		)	4,212			(397		)
Accounts payable - trade	2,368			1,009			3,377
Accrued liabilities	56,922			328			57,250
Net cash provided by operating activities	120,060			—			120,060

Senior Debt

3 Months Ended

Mar. 31, 2015

Senior Debt [Abstract]

Senior Debt

Senior Debt.

On March 19, 2014, we entered into a Credit Agreement (the "Credit Agreement") among the Company, the several lenders from time to time parties to the Credit Agreement, Bank of America, N.A., BBVA Compass Bank, Wells Fargo Bank, National Association and SunTrust Bank, as syndication agents, and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement represents a refinancing of our senior secured debt outstanding under our prior credit agreement, the Fourth Amended and Restated Credit Agreement, dated as of May 28, 2003, as amended and restated as of July 14, 2011, and as amended by the First Amendment dated as of April 13, 2012, among the Company, the several banks and other financial institutions or entities from time to time parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent (as amended, the "Prior Credit Agreement"). The Credit Agreement provided a $900.0 million senior credit facility consisting of $225.0 million in term loans (the "Term Loans") and a $675.0 million revolving credit facility (the "Revolving Facility"). The Term Loans are scheduled to mature on March 19, 2021, and the Revolving Facility has a scheduled maturity of March 19, 2019.

Also on March 19, 2014, we borrowed $225.0 million in Term Loans and $100.0 million under the Revolving Facility and utilized the proceeds to repay our prior senior secured debt outstanding under the Prior Credit Agreement. The Term Loans are payable in consecutive quarterly installments each in an aggregate principal amount of $562,500, with a final installment equal to the remaining principal balance of the Term Loans due on March 19, 2021.

The amounts outstanding under the Term Loans and Revolving Facility at March 31, 2015, were $222.8 million and $120.0 million, respectively. The amounts outstanding under the Term Loan and Revolving Facility at December 31, 2014, were $223.3 million and $255.0 million, respectively.

The full amount of the Revolving Facility may be used for the issuance of letters of credit, of which $104.4 million had been so utilized as of March 31, 2015, and at which date $450.6 million was available.

Borrowings under the Revolving Facility bear interest at varying rates equal to either the Eurodollar rate plus 1.50% to 2.75%, or the prime rate plus 0.50% to 1.75% (ABR), at our election. The margins on the Eurodollar loans and on the ABR loans for borrowings under the Revolving Facility, which were 2.50% and 1.50%, respectively, at March 31, 2015, may fluctuate based upon an increase or decrease in our consolidated total leverage ratio as defined by a pricing grid included in the Credit Agreement. The margins on the Eurodollar loans and on the ABR loans for Term Loans are 3.00% and 2.00%, respectively, but may also fluctuate in the event the all-in pricing for any subsequent incremental Term Loan exceeds the all-in pricing for prior Term Loans by more than 0.50% per annum. A commitment fee equal to 0.30% to 0.50% of the unused portion of the Revolving Facility is payable quarterly, and fluctuates dependent upon an increase or decrease in our consolidated total leverage ratio. The commitment fee at March 31, 2015, is equal to 0.50% of the unused portion of the Revolving Facility.

Our borrowings under the Credit Agreement are, subject to certain exceptions, secured by a security interest in substantially all of our tangible and intangible assets, including intellectual property, and are also secured by a pledge of the capital stock of our U.S. subsidiaries.

The Credit Agreement also permits us to increase the amount of the Term Loans and/or the Revolving Facility from time to time on up to three occasions, in an aggregate amount of no more than $250.0 million, provided that we are not in default at the time and have obtained the consent of the administrative agent and the lenders providing such increase.

Subject to a number of exceptions, the Credit Agreement contains, without limitation, covenants that generally limits our ability and the ability of our subsidiaries to:


•	incur additional debt;


•	repurchase capital stock, 6.625% notes and 4.75% notes and/or pay cash dividends (subject to a restricted payments basket under which approximately $85.2 million is available);


•	incur liens or other encumbrances;


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


•	sell, lease or otherwise transfer assets (other than in the ordinary course of business);


•	make investments or acquisitions (unless they meet financial tests and other requirements); or


•	enter into an unrelated line of business.

The Credit Agreement requires us to comply with several financial covenants, including: (i) a consolidated total leverage ratio of no greater than 4.50:1 from the quarter ended March 31, 2014, to the quarter ended September 30, 2015, 4.25:1 from the quarter ended December 31, 2015, to the quarter ended September 30, 2016, and 4.00:1 thereafter; (ii) a consolidated senior secured leverage ratio of no greater than 2.75:1; and (iii) a consolidated fixed charge coverage ratio of no less than 1.50:1 from the quarter ended March 31, 2014, to December 31, 2015, and 1.75:1 thereafter. The table below shows the required and actual ratios under the Credit Agreement calculated as of March 31, 2015:



	Required Ratio		Actual Ratio
Consolidated total leverage ratio	No greater than	4.50:1	2.92:1
Consolidated senior secured leverage ratio	No greater than	2.75:1	0.97:1
Consolidated fixed charge coverage ratio	No less than	1.50:1	1.82:1

These financial covenants, as well as the related components of their computation, are defined in the Credit Agreement, which is included as an exhibit to our Current Report on Form 8-K dated as of March 19, 2014. In accordance with the Credit Agreement, the actual consolidated total leverage ratio was calculated by dividing the consolidated funded debt outstanding at March 31, 2015 ($830.6 million) by consolidated EBITDA for the 12-month period ending March 31, 2015 ($284.5 million). For purposes of the covenant calculations, (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 actual consolidated senior secured leverage ratio was calculated pursuant to the Credit Agreement by dividing the consolidated senior secured debt outstanding at March 31, 2015 ($274.6 million) by consolidated EBITDA for the 12-month period ending March 31, 2015 ($284.5 million). For purposes of the covenant calculation, “consolidated senior secured debt” is generally defined as the aggregate principal amount of consolidated funded debt that is then secured by liens on property or assets of the Company or its subsidiaries.

The actual consolidated fixed charge coverage ratio was calculated pursuant to the Credit Agreement by dividing the sum of consolidated EBITDA and consolidated lease expense for the 12-month period ending March 31, 2015 ($526.4 million), by consolidated fixed charges for the 12-month period ending March 31, 2015 ($290.0 million). For purposes of the covenant calculation, “consolidated fixed charges” is defined as the sum of consolidated interest expense and consolidated lease expense.

Events of default under the Credit Agreement 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 Credit Agreement 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 the composition of Rent-A-Center’s Board of Directors occur. 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 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 Facility for general corporate purposes. Amounts are drawn as needed due to the timing of cash flows and are generally paid down as cash is generated by our operating activities.

In addition to the senior credit facilities discussed above, we maintain a $20.0 million unsecured, revolving line of credit with INTRUST Bank, N.A. to facilitate cash management. The outstanding balance of this line of credit was $6.0 million and $14.5 million at March 31, 2015, and December 31, 2014, respectively.

The table below shows the scheduled maturity dates of our outstanding debt at March 31, 2015:



	Term Loan		Revolving Facility		INTRUST Line of Credit		Total
Year Ending December 31,	(In thousands)
2015	$	1,687	$	—	$	6,000	$	7,687
2016	2,250		—		—		2,250
2017	2,250		—		—		2,250
2018	2,250		—		—		2,250
2019	2,250		120,000		—		122,250
Thereafter	212,063		—		—		212,063
	$	222,750	$	120,000	$	6,000	$	348,750

Subsidiary Guarantors - Senior Notes

3 Months Ended

Mar. 31, 2015

Subsidiary Guarantors - Senior Notes [Abstract]

Subsidiary Guarantors - Senior Notes

Subsidiary Guarantors – Senior Notes.

Senior Notes Due 2020. On November 2, 2010, we issued $300.0 million in senior unsecured notes due November 2020, bearing interest at 6.625%, 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 Prior Credit Agreement. The remaining net proceeds were used to repurchase shares of our common stock.

Senior Notes Due 2021. On May 2, 2013, we issued $250.0 million in senior unsecured notes due May 2021, bearing interest at 4.75%, pursuant to an indenture dated May 2, 2013, 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 repurchase shares of our common stock under a $200.0 million accelerated stock buyback program. The remaining net proceeds were used to repay outstanding revolving debt under our Prior Credit Agreement.

The indentures governing the 6.625% notes and the 4.75% notes are substantially similar. Each 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 (subject to a restricted payment basket under which approximately $85.2 million is available); and


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

Events of default under each 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 6.625% 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 6.625% notes may be redeemed on or after November 15, 2018, at our option, in whole or in part, at par. The 6.625% 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.

The 4.75% notes may be redeemed on or after May 1, 2016, at our option, in whole or in part, at a premium declining from 103.563%. The 4.75% notes may be redeemed on or after May 1, 2019, at our option, in whole or in part, at par. The 4.75% notes also require that upon the occurrence of a change of control (as defined in the 2013 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.

Any mandatory repurchase of the 6.625% notes and/or the 4.75% notes would trigger an event of default under our Credit Agreement. We are not required to maintain any financial ratios under either of the indentures.

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 6.625% notes and the 4.75% 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.

Fair Value

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value

Fair Value.

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.

At March 31, 2015, 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 March 31, 2015, and December 31, 2014, 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 Level 1 inputs and was as follows at March 31, 2015, and December 31, 2014, (in thousands):



	March 31, 2015							December 31, 2014
	Carrying Value		Fair Value		Difference			Carrying Value		Fair Value		Difference
6.625% senior notes	$	300,000	$	282,750	$	(17,250	)	$	300,000	$	284,250	$	(15,750	)
4.75% senior notes	250,000		212,500		(37,500		)	250,000		214,375		(35,625		)
Total	$	550,000	$	495,250	$	(54,750	)	$	550,000	$	498,625	$	(51,375	)

- 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 + Details

Restructuring and Impairment Charges	3 Months Ended
Restructuring and Impairment Charges	Mar. 31, 2015
Restructuring Costs and Asset Impairment Charges [Abstract]
Other Charges	Other Charges. Store Consolidation Plan. During the second quarter of 2014, we closed 150 Core U.S. stores and merged those accounts into existing Core U.S. stores as part of a multi-year program designed to transform and modernize our operations company-wide in order to improve profitability in the Core U.S. segment. The decision to close these stores was based on management's analysis and evaluation of the markets in which we operate, including our market share, operating results, competitive positioning and growth potential for the affected stores. The store closures resulted in pre-tax restructuring charges of $0.1 million for the three-months ended March 31, 2015, for early lease terminations. We did not record a liability for future lease obligations on these properties as the fair value of the liability at the cease-use date was reduced to zero by estimated sublease rentals that could be obtained for the properties. Accordingly, future lease obligations of approximately $1.4 million that remain as of March 31, 2015, will either be expensed monthly or recognized in full upon negotiation of early termination and are scheduled to be paid out through 2016. Mexico Store Closures. During 2014, management identified 8 stores in Mexico for closure. Those stores were closed during the first quarter of 2015, resulting in pre-tax restructuring charges of $0.3 million for disposal of fixed assets and leasehold improvements and decommissioning the stores.

Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information [Abstract]

Segment Information

Segment Information.

The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by the chief operating decision makers. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. All operating segments offer merchandise from four basic product categories: consumer electronics, appliances, computers, furniture and accessories.

Segment information for the three months ended March 31, 2015 and 2014 is as follows (in thousands):



	Three Months Ended March 31,
	2015		2014
Revenues			Revised
Core U.S.	$	629,203	$	636,475
Acceptance Now	224,277		169,234
Mexico	17,934		15,857
Franchising	6,225		6,907
Total revenues	$	877,639	$	828,473



	Three Months Ended March 31,
	2015		2014
Gross profit			Revised
Core U.S.	$	441,140	$	456,795
Acceptance Now	109,164		92,390
Mexico	12,113		11,462
Franchising	2,176		1,903
Total gross profit	$	564,593	$	562,550



	Three Months Ended March 31,
	2015			2014
Operating profit (loss)				Revised
Core U.S.	$	67,573		$	73,462
Acceptance Now	34,532			29,522
Mexico	(3,454		)	(5,917		)
Franchising	1,216			606
Total segment operating profit	99,867			97,673
Corporate	(43,269		)	(38,215		)
Total operating profit	$	56,598		$	59,458



	Three Months Ended March 31,
	2015		2014
Depreciation, amortization and write-down of intangibles			Revised
Core U.S.	$	12,675	$	13,840
Acceptance Now	753		647
Mexico	1,474		1,595
Franchising	49		35
Total segments	14,951		16,117
Corporate	4,813		3,769
Total depreciation, amortization and write-down of intangibles	$	19,764	$	19,886



	Three Months Ended March 31,
	2015		2014
Capital expenditures			Revised
Core U.S.	$	814	$	10,304
Acceptance Now	283		662
Mexico	108		2,095
Total segments	1,205		13,061
Corporate	13,040		10,047
Total capital expenditures	$	14,245	$	23,108

Segment information - Selected balance sheet data (in thousands):



	March 31, 2015		December 31, 2014
On rent rental merchandise, net
Core U.S.	$	577,269	$	593,945
Acceptance Now	352,306		345,703
Mexico	21,315		20,766
Total on rent rental merchandise, net	$	950,890	$	960,414



	March 31, 2015		December 31, 2014
Idle rental merchandise, net
Core U.S.	$	254,827	$	264,211
Acceptance Now	6,262		4,897
Mexico	5,783		8,334
Total idle rental merchandise, net	$	266,872	$	277,442



	March 31, 2015		December 31, 2014
Assets by segment
Core U.S.	$	2,529,100	$	2,519,770
Acceptance Now	428,208		420,660
Mexico	53,666		59,841
Franchising	2,966		2,604
Total segments	3,013,940		3,002,875
Corporate	154,610		268,322
Total assets	$	3,168,550	$	3,271,197

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-Name Accounting Standards Codification
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+ Details

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Mar. 31, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation. We recognized $2.2 million and $1.5 million in pre-tax compensation expense related to stock options and restricted stock units during the three-month periods ended March 31, 2015 and 2014, respectively. During the three months ended March 31, 2015, we granted approximately 369,000 stock options, 419,000 performance-based restricted stock units and 163,000 time-vesting restricted stock units. The stock options granted were valued using a Black-Scholes pricing model with the following assumptions: an expected volatility of 31.66% to 40.68%, a risk-free interest rate of 1.14% to 1.76%, an expected dividend yield of 2.6% to 3.3% and an expected life of 3.50 to 9.25 years. The weighted-average exercise price of the options granted during the three months ended March 31, 2015, was $31.21 and the weighted-average grant-date fair value was $7.59. Performance-based restricted stock units are valued using a Monte Carlo simulation. Time-vesting restricted stock units are valued using the closing price on the trading day immediately preceding the day of the grant, adjusted for any provisions affecting fair value, such as the lack of dividends or dividend equivalents during the vesting period. The weighted-average grant date fair value of the restricted stock units granted during the three months ended March 31, 2015, was $27.85.

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies. From time to time, we, along with our subsidiaries, are party to various legal proceedings arising in the ordinary course of business. We reserve for loss contingencies that are both probable and reasonably estimable. We regularly monitor developments related to these legal proceedings, and review the adequacy of our legal reserves on a quarterly basis. We do not expect these losses to have a material impact on our consolidated financial statements if and when such losses are incurred. We are subject to unclaimed property audits by states in the ordinary course of business. A comprehensive multi-state unclaimed property audit is currently in progress. The property subject to review in this audit process includes unclaimed wages, vendor payments and customer refunds. State escheat laws generally require entities to report and remit abandoned and unclaimed property to the state. Failure to timely report and remit the property can result in assessments that could include interest and penalties, in addition to the payment of the escheat liability itself. We routinely remit escheat payments to states in compliance with applicable escheat laws. Management believes it is too early to determine the ultimate outcome of this audit, as our remediation efforts are still in process.
Guarantees	Our subsidiary, ColorTyme Finance, Inc. (“ColorTyme Finance”), is a party to an agreement with Citibank, N.A., pursuant to which Citibank provides up to $27.0 million in aggregate financing to qualifying franchisees of Franchising. Under the Citibank agreement, upon an event of default by the franchisee under agreements governing this financing and upon the occurrence of certain other events, Citibank can assign the loans and the collateral securing such loans to ColorTyme Finance, with ColorTyme Finance paying or causing to be paid the outstanding debt to Citibank and then succeeding to the rights of Citibank under the debt agreements, including the right to foreclose on the collateral. Rent-A-Center and ColorTyme Finance guarantee the obligations of the franchise borrowers under the Citibank facility. An additional $20.0 million of financing is provided by Texas Capital Bank, National Association under an agreement similar to the Citibank financing, which is guaranteed by Rent-A-Center East, Inc., a subsidiary of Rent-A-Center. The maximum guarantee obligations under these agreements, excluding the effects of any amounts that could be recovered under collateralization provisions, is $47.0 million, of which $16.2 million was outstanding as of March 31, 2015.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Common Share.

Basic and diluted earnings per common share were calculated as follows (in thousands, except per share data):



	Three Months Ended March 31, 2015
	Net Earnings		Weighted Average Shares	Per Share
Basic earnings per common share	$	27,298	53,033	$	0.51
Effect of dilutive stock awards	—		344
Diluted earnings per common share	$	27,298	53,377	$	0.51



	Three Months Ended March 31, 2014
	Net Earnings		Weighted Average Shares	Per Share
Basic earnings per common share	$	27,266	52,795	$	0.52
Effect of dilutive stock awards	—		225
Diluted earnings per common share	$	27,266	53,020	$	0.51

For the three-month periods ended March 31, 2015 and 2014, the number of anti-dilutive stock awards that were outstanding but not included in the computation of diluted earnings per common share were 2,042,717 and 2,478,460, respectively.

Significant Accounting Policies and Nature of Operations (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	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.
New Accounting Pronouncements	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for identifying a discontinued operation. Under ASU 2014-08, the definition of a discontinued operation is limited to the disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has, or will have, a major effect on an entity's operations and financial results. Rent-A-Center adopted this ASU on January 1, 2015, and it did not have a significant impact on our financial position, results of operations or cash flows. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. ASU 2014-09 will be effective for Rent-A-Center beginning January 1, 2017, and early adoption is not permitted. The ASU allows adoption with either retrospective application to each prior period presented, or retrospective application with the cumulative effect recognized as of the date of initial application. We are currently in the process of determining what impact, if any, the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the transition alternatives. On April 7, 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. ASU 2015-03 will be effective for Rent-A-Center for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The new guidance will be applied on a retrospective basis. Based on balances at March 31, 2015, the impact on our consolidated balance sheet would be a reduction in prepaid expenses and other assets of approximately $15.0 million, a reduction in senior debt of approximately $7.4 million and a reduction in senior notes of approximately $7.6 million. 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.

Correction of Immaterial Errors (Tables)

3 Months Ended

Mar. 31, 2015

Correction of Immaterial Errors [Abstract]

Schedule of Error Corrections and Prior Period Adjustments



	Three Months Ended March 31, 2014
(In thousands, except per share data)	Previously Reported		Adjustment			As Revised
Rentals and fees	$	694,168	$	(2,981	)	$	691,187
Installment sales	18,356		(296		)	18,060
Franchise merchandise sales	7,324		(1,996		)	5,328
Total revenues	833,746		(5,273		)	828,473
Cost of rentals and fees	177,870		(2,654		)	175,216
Cost of installment sales	6,382		(296		)	6,086
Franchise cost of merchandise sold	7,000		(1,996		)	5,004
Total cost of revenues	270,869		(4,946		)	265,923
Gross profit	562,877		(327		)	562,550
Store labor	225,678		260			225,938
Other store expenses	215,440		(282		)	215,158
Operating profit	59,763		(305		)	59,458
Finance charges from refinancing	1,946		2,267			4,213
Earnings before income taxes	46,652		(2,572		)	44,080
Income tax expense	17,795		(981		)	16,814
Net earnings	28,857		(1,591		)	27,266
Basic earnings per common share	$	0.55	$	(0.03	)	$	0.52
Diluted earnings per common share	$	0.54	$	(0.03	)	$	0.51



	Three Months Ended March 31, 2014
(In thousands, except per share data)	Previously Reported			Adjustment			As Revised
Net earnings	$	28,857		$	(1,591	)	$	27,266
Depreciation of rental merchandise	169,843			(354		)	169,489
Finance charges from refinancing	1,946			(1,946		)	—
Deferred income taxes	(24,370		)	(980		)	(25,350		)
Rental merchandise	(135,407		)	(792		)	(136,199		)
Receivables	(2,849		)	114			(2,735		)
Prepaid expenses and other assets	(4,609		)	4,212			(397		)
Accounts payable - trade	2,368			1,009			3,377
Accrued liabilities	56,922			328			57,250
Net cash provided by operating activities	120,060			—			120,060

Senior Debt (Tables)

3 Months Ended

Mar. 31, 2015

Senior Debt [Abstract]

Financial Covenants Ratios



	Required Ratio		Actual Ratio
Consolidated total leverage ratio	No greater than	4.50:1	2.92:1
Consolidated senior secured leverage ratio	No greater than	2.75:1	0.97:1
Consolidated fixed charge coverage ratio	No less than	1.50:1	1.82:1

Schedule of Maturities of Long-term Debt

The table below shows the scheduled maturity dates of our outstanding debt at March 31, 2015:



	Term Loan		Revolving Facility		INTRUST Line of Credit		Total
Year Ending December 31,	(In thousands)
2015	$	1,687	$	—	$	6,000	$	7,687
2016	2,250		—		—		2,250
2017	2,250		—		—		2,250
2018	2,250		—		—		2,250
2019	2,250		120,000		—		122,250
Thereafter	212,063		—		—		212,063
	$	222,750	$	120,000	$	6,000	$	348,750

Fair Value Fair Value (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements, Nonrecurring

The fair value of our senior notes is based on Level 1 inputs and was as follows at March 31, 2015, and December 31, 2014, (in thousands):



	March 31, 2015							December 31, 2014
	Carrying Value		Fair Value		Difference			Carrying Value		Fair Value		Difference
6.625% senior notes	$	300,000	$	282,750	$	(17,250	)	$	300,000	$	284,250	$	(15,750	)
4.75% senior notes	250,000		212,500		(37,500		)	250,000		214,375		(35,625		)
Total	$	550,000	$	495,250	$	(54,750	)	$	550,000	$	498,625	$	(51,375	)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Information [Abstract]

Segment Information

Segment information for the three months ended March 31, 2015 and 2014 is as follows (in thousands):



	Three Months Ended March 31,
	2015		2014
Revenues			Revised
Core U.S.	$	629,203	$	636,475
Acceptance Now	224,277		169,234
Mexico	17,934		15,857
Franchising	6,225		6,907
Total revenues	$	877,639	$	828,473



	Three Months Ended March 31,
	2015		2014
Gross profit			Revised
Core U.S.	$	441,140	$	456,795
Acceptance Now	109,164		92,390
Mexico	12,113		11,462
Franchising	2,176		1,903
Total gross profit	$	564,593	$	562,550



	Three Months Ended March 31,
	2015			2014
Operating profit (loss)				Revised
Core U.S.	$	67,573		$	73,462
Acceptance Now	34,532			29,522
Mexico	(3,454		)	(5,917		)
Franchising	1,216			606
Total segment operating profit	99,867			97,673
Corporate	(43,269		)	(38,215		)
Total operating profit	$	56,598		$	59,458



	Three Months Ended March 31,
	2015		2014
Depreciation, amortization and write-down of intangibles			Revised
Core U.S.	$	12,675	$	13,840
Acceptance Now	753		647
Mexico	1,474		1,595
Franchising	49		35
Total segments	14,951		16,117
Corporate	4,813		3,769
Total depreciation, amortization and write-down of intangibles	$	19,764	$	19,886



	Three Months Ended March 31,
	2015		2014
Capital expenditures			Revised
Core U.S.	$	814	$	10,304
Acceptance Now	283		662
Mexico	108		2,095
Total segments	1,205		13,061
Corporate	13,040		10,047
Total capital expenditures	$	14,245	$	23,108

Segment information - Selected balance sheet data (in thousands):



	March 31, 2015		December 31, 2014
On rent rental merchandise, net
Core U.S.	$	577,269	$	593,945
Acceptance Now	352,306		345,703
Mexico	21,315		20,766
Total on rent rental merchandise, net	$	950,890	$	960,414



	March 31, 2015		December 31, 2014
Idle rental merchandise, net
Core U.S.	$	254,827	$	264,211
Acceptance Now	6,262		4,897
Mexico	5,783		8,334
Total idle rental merchandise, net	$	266,872	$	277,442



	March 31, 2015		December 31, 2014
Assets by segment
Core U.S.	$	2,529,100	$	2,519,770
Acceptance Now	428,208		420,660
Mexico	53,666		59,841
Franchising	2,966		2,604
Total segments	3,013,940		3,002,875
Corporate	154,610		268,322
Total assets	$	3,168,550	$	3,271,197

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Basic and diluted earnings per common share were calculated as follows (in thousands, except per share data):



	Three Months Ended March 31, 2015
	Net Earnings		Weighted Average Shares	Per Share
Basic earnings per common share	$	27,298	53,033	$	0.51
Effect of dilutive stock awards	—		344
Diluted earnings per common share	$	27,298	53,377	$	0.51



	Three Months Ended March 31, 2014
	Net Earnings		Weighted Average Shares	Per Share
Basic earnings per common share	$	27,266	52,795	$	0.52
Effect of dilutive stock awards	—		225
Diluted earnings per common share	$	27,266	53,020	$	0.51

Significant Accounting Policies and Nature of Operations (Details)	3 Months Ended
	Mar. 31, 2015
Reclassification (Details) [Abstract]
New Accounting Pronouncement or Change in Accounting Principle, Name	ASU 2015-03
New Accounting Pronouncement or Change in Accounting Principle, Description	Based on balances at March 31, 2015, the impact on our consolidated balance sheet would be a reduction in prepaid expenses and other assets of approximately $15.0 million, a reduction in senior debt of approximately $7.4 million and a reduction in senior notes of approximately $7.6 million.

- Definition

Disclosure related to a new accounting pronouncement or a change in accounting principle, including the nature and reason for the change and the effect of the change on prior periods and the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB TOPIC 11.M)
-URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e31137-122693

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 11
-Section M

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

- Definition

Describe the name or caption for the new accounting pronouncement or change in accounting principle.

+ References + Details

Correction of Immaterial Errors (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred income taxes	$ (36,471)	$ (25,350)
Rental merchandise	(156,158)	(136,199)
Receivables	(159)	(2,735)
Rentals and fees	711,450	691,187
Installment sales	18,253	18,060
Franchise merchandise sales	4,387	5,328
Total revenues	877,639	828,473
Cost of rentals and fees	185,118	175,216
Cost of installment sales	6,157	6,086
Franchise cost of merchandise sold	4,049	5,004
Total cost of revenues	313,046	265,923
Gross profit	564,593	562,550
Store labor	220,974	225,938
Other store expenses	224,175	215,158
Operating profit	56,598	59,458
Finance charges from refinancing	0	4,213
Earnings before income taxes	44,210	44,080
Income tax expense	16,912	16,814
Net earnings	$ 27,298	$ 27,266
Basic earnings per common share	$ 0.51	$ 0.52
Diluted earnings per common share	$ 0.51	$ 0.51
Prepaid expenses and other assets	$ 127,249	$ (397)
Accounts payable - trade		3,377
Accrued liabilities	55,973	57,250
Depreciation of rental merchandise	179,668	169,489
Finance charges from refinancing		0
Net cash provided by operating activities	$ 228,038	120,060
Scenario, Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred income taxes		(24,370)
Rental merchandise		(135,407)
Receivables		(2,849)
Rentals and fees		694,168
Installment sales		18,356
Franchise merchandise sales		7,324
Total revenues		833,746
Cost of rentals and fees		177,870
Cost of installment sales		6,382
Franchise cost of merchandise sold		7,000
Total cost of revenues		270,869
Gross profit		562,877
Store labor		225,678
Other store expenses		215,440
Operating profit		59,763
Finance charges from refinancing		1,946
Earnings before income taxes		46,652
Income tax expense		17,795
Net earnings		$ 28,857
Basic earnings per common share		$ 0.55
Diluted earnings per common share		$ 0.54
Prepaid expenses and other assets		$ (4,609)
Accounts payable - trade		2,368
Accrued liabilities		56,922
Depreciation of rental merchandise		169,843
Finance charges from refinancing		1,946
Net cash provided by operating activities		120,060
Restatement Adjustment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred income taxes		(980)
Rental merchandise		(792)
Receivables		114
Rentals and fees		(2,981)
Installment sales		(296)
Franchise merchandise sales		(1,996)
Total revenues		(5,273)
Cost of rentals and fees		(2,654)
Cost of installment sales		(296)
Franchise cost of merchandise sold		(1,996)
Total cost of revenues		(4,946)
Gross profit		(327)
Store labor		260
Other store expenses		(282)
Operating profit		(305)
Finance charges from refinancing		2,267
Earnings before income taxes		(2,572)
Income tax expense		(981)
Net earnings		$ (1,591)
Basic earnings per common share		$ (0.03)
Diluted earnings per common share		$ (0.03)
Prepaid expenses and other assets		$ 4,212
Accounts payable - trade		1,009
Accrued liabilities		328
Depreciation of rental merchandise		(354)
Finance charges from refinancing		(1,946)
Net cash provided by operating activities		$ 0

Senior Debt (Details)	3 Months Ended	12 Months Ended
Senior Debt (Details)	Mar. 31, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Debt Instrument [Line Items]
Senior credit facilities, maximum amount	$ 900,000,000	$ 900,000,000
Senior credit facilities, additional amount allowed	250,000,000	250,000,000
Term loan, maximum facility	225,000,000	225,000,000
Term loan, amount outstanding	222,750,000	222,750,000	$ 223,300,000
Revolving facility, maximum facility	675,000,000	675,000,000
Revolving facility, amount outstanding	120,000,000	120,000,000	255,000,000
Letters of credit, amount outstanding	104,400,000	104,400,000
Letters of credit, amount available	450,600,000	450,600,000
Unsecured line of credit, maximum facility	20,000,000	20,000,000
Unsecured line of credit, amount outstanding	$ 6,000,000	6,000,000	14,500,000
Commitment fee percentage	0.50%
Maturities of Long-term Debt [Abstract]
2015	$ 7,687,000	7,687,000
2016	2,250,000	2,250,000
2017	2,250,000	2,250,000
2018	2,250,000	2,250,000
2019	122,250,000	122,250,000
Thereafter	212,063,000	212,063,000
Secured Debt	348,750,000	$ 348,750,000	$ 492,813,000
Initial Borrowing in Term Loans	225,000,000
Initial Borrowing in Revolving Debt	$ 100,000,000
Event of default-3rd party ownership % of our voting stock	35.00%	35.00%
Event of default-not satisfied or bonded judgment in excess of	$ 50,000,000	$ 50,000,000
Maximum period allowed for pending judgment to satisfy or bond (in days)	30	30
Interest Rate [Abstract]
Interest rate terms	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Borrowings under the Revolving Facility bear interest at varying rates equal to either the </font><font style="font-family:inherit;font-size:10pt;">Eurodollar rate</font><font style="font-family:inherit;font-size:10pt;"> plus </font><font style="font-family:inherit;font-size:10pt;">1.50%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">2.75%</font><font style="font-family:inherit;font-size:10pt;">, or the </font><font style="font-family:inherit;font-size:10pt;">prime</font><font style="font-family:inherit;font-size:10pt;"> rate plus </font><font style="font-family:inherit;font-size:10pt;">0.50%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">1.75%</font><font style="font-family:inherit;font-size:10pt;"> (ABR), at our election.</font></div></div>
Financial Covenants Ratios (Table Details) [Abstract]
Required consolidated total leverage ratio, maximum	4.50	4.50
Actual consolidated total leverage ratio	2.92	2.92
Required consolidated senior secured leverage ratio, maximum	2.75	2.75
Actual consolidated senior secured leverage ratio	0.97	0.97
Required consolidated fixed charge coverage ratio, minimum	1.5	1.5
Actual consolidated fixed charge coverage ratio	1.82	1.82
Covenants [Abstract]
Covenants for senior credit facilities - amount available under restricted payment basket	$ 85,200,000
Outstanding indebtedness less cash in excess of	25,000,000	$ 25,000,000
Consolidated funded debt outstanding	830,600,000	830,600,000
Consolidated EBITDA		284,500,000
Consolidated senior secured debt outstanding	$ 274,600,000	274,600,000
Adjusted consolidated EBITDA		526,400,000
Consolidated fixed charges		290,000,000
Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
Eurodollar [Member]
Debt Instrument [Line Items]
Description of variable rate basis	Eurodollar rate
Prime Rate [Member]
Debt Instrument [Line Items]
Description of variable rate basis	prime
Revolving Facility [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 19, 2019
Revolving facility, amount outstanding	$ 120,000,000	120,000,000
Maturities of Long-term Debt [Abstract]
2015	0	0
2016	0	0
2017	0	0
2018	0	0
2019	120,000,000	120,000,000
Thereafter	$ 0	$ 0
Revolving Facility [Member] \| Eurodollar [Member]
Debt Instrument [Line Items]
Margin on Eurodollar rate, actual	2.50%	2.50%
Revolving Facility [Member] \| Eurodollar [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	1.50%
Revolving Facility [Member] \| Eurodollar [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	2.75%
Revolving Facility [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Margin on Prime Rate, actual	1.50%	1.50%
Revolving Facility [Member] \| Prime Rate [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	0.50%
Revolving Facility [Member] \| Prime Rate [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	1.75%
Term Loan [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 19, 2021
Margin on Eurodollar rate, actual	3.00%	3.00%
Margin on Prime Rate, actual	2.00%	2.00%
Term loan, amount outstanding	$ 222,750,000	$ 222,750,000
Term Loan, Periodic Payment, Principal	$ 562,500
Term Loan, Frequency of Periodic Payment	quarterly
Maturities of Long-term Debt [Abstract]
2015	$ 1,687,000	1,687,000
2016	2,250,000	2,250,000
2017	2,250,000	2,250,000
2018	2,250,000	2,250,000
2019	2,250,000	2,250,000
Thereafter	212,063,000	212,063,000
Line of Credit [Member]
Debt Instrument [Line Items]
Unsecured line of credit, amount outstanding	6,000,000	6,000,000
Maturities of Long-term Debt [Abstract]
2015	6,000,000	6,000,000
2016	0	0
2017	0	0
2018	0	0
2019	0	0
Thereafter	$ 0	$ 0

Subsidiary Guarantors - Senior Notes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Senior Notes [Line Items]
Carrying value of senior notes	$ 550,000	$ 550,000
Covenants for senior credit facilities - amount available under restricted payment basket	85,200
Event of default for senior notes - failure of other debt payment at maturity in excess of this amount	$ 50,000
Our ownership percentage of subsidiary guarantors of senior notes	100.00%
Event of default for senior notes - not discharged, bonded or insured judgment in excess of this amount	$ 50,000
Senior Notes Due 2020 [Member]
Senior Notes [Line Items]
Carrying value of senior notes	$ 300,000	300,000
Interest rate of senior notes	6.625%
Portion of proceeds from senior notes used to repay outstanding term debt	$ 200,000
Percentage of original aggregate principle amount of senior notes included in repurchase price at change of control	101.00%
Senior Notes Due 2020 [Member] \| Senior Notes, Redemption, Period One [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	103.313%
Senior Notes Due 2020 [Member] \| Senior Notes, Redemption, Period Four [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	100.00%
Senior Notes Due 2021 [Member]
Senior Notes [Line Items]
Carrying value of senior notes	$ 250,000	$ 250,000
Interest rate of senior notes	4.75%
Portion of proceeds from senior notes used to repurchase shares of common stock	$ 200,000
Percentage of original aggregate principle amount of senior notes included in repurchase price at change of control	101.00%
Senior Notes Due 2021 [Member] \| Senior Notes, Redemption, Period One [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	103.563%
Senior Notes Due 2021 [Member] \| Senior Notes, Redemption, Period Four [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	100.00%

Income Taxes (Details)	Mar. 31, 2015
Income Tax Examination [Line Items]
Number of Issues in Disagreement with Case Law Applied by Internal Revenue Service	0

Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 550,000	$ 550,000
Amount of difference between fair value and carrying value	(54,750)	(51,375)
Senior Notes Due 2020 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	300,000	300,000
Amount of difference between fair value and carrying value	(17,250)	(15,750)
Senior Notes Due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	250,000	250,000
Amount of difference between fair value and carrying value	(37,500)	(35,625)
Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	495,250	498,625
Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Senior Notes Due 2020 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	282,750	284,250
Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Senior Notes Due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	$ 212,500	$ 214,375

Restructuring and Impairment Charges (Details) $ in Millions	3 Months Ended
	Mar. 31, 2015 USD ($)
Store Consolidation Plan [Member] \| Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge, total	$ 0.1
Restructuring charge, future lease obligation	1.4
Mexico Store Closures [Member] \| Mexico [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge, total	$ 0.3

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$ 877,639	$ 828,473
Gross profit	564,593	562,550
Operating profit	56,598	59,458
Depreciation, amortization and write-down of intangibles	19,764	19,886
Capital expenditures	14,245	23,108
Rental merchandise on rent, net	950,890		$ 960,414
Rental merchandise held for rent, net	266,872		277,442
Assets	3,168,550		3,271,197
Core U.S. [Member]
Segment Reporting Information [Line Items]
Revenues	629,203	636,475
Gross profit	441,140	456,795
Operating profit	67,573	73,462
Depreciation, amortization and write-down of intangibles	12,675	13,840
Capital expenditures	814	10,304
Rental merchandise on rent, net	577,269		593,945
Rental merchandise held for rent, net	254,827		264,211
Assets	2,529,100		2,519,770
Acceptance Now [Member]
Segment Reporting Information [Line Items]
Revenues	224,277	169,234
Gross profit	109,164	92,390
Operating profit	34,532	29,522
Depreciation, amortization and write-down of intangibles	753	647
Capital expenditures	283	662
Rental merchandise on rent, net	352,306		345,703
Rental merchandise held for rent, net	6,262		4,897
Assets	428,208		420,660
Mexico [Member]
Segment Reporting Information [Line Items]
Revenues	17,934	15,857
Gross profit	12,113	11,462
Operating profit	(3,454)	(5,917)
Depreciation, amortization and write-down of intangibles	1,474	1,595
Capital expenditures	108	2,095
Rental merchandise on rent, net	21,315		20,766
Rental merchandise held for rent, net	5,783		8,334
Assets	53,666		59,841
Franchising [Member]
Segment Reporting Information [Line Items]
Revenues	6,225	6,907
Gross profit	2,176	1,903
Operating profit	1,216	606
Depreciation, amortization and write-down of intangibles	49	35
Assets	2,966		2,604
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating profit	99,867	97,673
Depreciation, amortization and write-down of intangibles	14,951	16,117
Capital expenditures	1,205	13,061
Assets	3,013,940		3,002,875
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit	(43,269)	(38,215)
Depreciation, amortization and write-down of intangibles	4,813	3,769
Capital expenditures	13,040	$ 10,047
Assets	$ 154,610		$ 268,322

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 2,163	$ 1,472
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	369,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Based, Grants in Period	419,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	163,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	31.66%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	40.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	1.14%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	1.76%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate, Minimum	2.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate, Maximum	3.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Minimum	3 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Maximum	9 years 3 months
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 31.21
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	7.59
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 27.85
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	Black-Scholes
Performance-based restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	Monte Carlo

Contingencies (Details) $ in Millions	Mar. 31, 2015 USD ($)
Guarantor Obligations [Line Items]
Maximum financing amount	$ 47.0
Amount outstanding	16.2
Citibank [Member]
Guarantor Obligations [Line Items]
Maximum financing amount	27.0
Texas Capital Bank [Member]
Guarantor Obligations [Line Items]
Maximum financing amount	$ 20.0

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net earnings	$ 27,298	$ 27,266
Basic weighted average shares	53,033,000	52,795,000
Basic earnings per common share	$ 0.51	$ 0.52
Net earnings, diluted	$ 27,298	$ 27,266
Effect of dilutive stock options	344,000	225,000
Diluted weighted average shares	53,377,000	53,020,000
Diluted earnings per common share	$ 0.51	$ 0.51
Earnings Per Share (Details) [Abstract]
Number of anti-dilutive stock awards	2,042,717	2,478,460