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Document and Company Information - shares	9 Months Ended
Document and Company Information - shares	Sep. 30, 2016	Oct. 26, 2016
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	Sep. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
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		53,149,617

Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Store
Rentals and fees	$ 595,179	$ 683,343	$ 1,915,184	$ 2,098,918
Merchandise sales	73,219	80,932	281,703	300,498
Installment sales	17,626	17,786	53,718	54,200
Other	2,633	4,475	10,001	14,631
Total store revenues	688,657	786,536	2,260,606	2,468,247
Franchise
Merchandise sales	3,113	2,456	12,083	10,022
Royalty income and fees	2,107	2,613	6,459	6,318
Total revenues	693,877	791,605	2,279,148	2,484,587
Store
Cost of rentals and fees	159,454	178,094	504,834	548,618
Cost of merchandise sold	68,684	82,043	253,473	282,128
Cost of installment sales	5,553	5,854	17,240	18,125
Total cost of store revenues	233,691	265,991	775,547	848,871
Other charges and (credits)	0	34,698	0	34,698
Franchise
Franchise cost of merchandise sold	2,960	2,304	11,273	9,284
Total cost of revenues	236,651	302,993	786,820	892,853
Gross profit	457,226	488,612	1,492,328	1,591,734
Operating expenses
Labor	186,289	209,904	595,668	643,412
Other store expenses	195,096	201,638	599,759	631,415
General and administrative expenses	38,187	39,590	121,383	127,463
Depreciation, amortization and write-down of intangibles	19,998	19,979	60,598	60,140
Other charges	956	10,936	22,240	16,440
Total operating expenses	440,526	482,047	1,399,648	1,478,870
Operating profit	16,700	6,565	92,680	112,864
Interest expense	11,710	12,490	35,424	37,211
Interest income	(141)	(153)	(346)	(525)
Earnings (loss) before income taxes	5,131	(5,772)	57,602	76,178
Income tax expense (benefit)	(1,050)	(1,680)	16,414	29,825
NET EARNINGS (LOSS)	$ 6,181	$ (4,092)	$ 41,188	$ 46,353
Basic earnings (loss) per common share	$ 0.12	$ (0.08)	$ 0.78	$ 0.87
Diluted earnings (loss) per common share	0.12	(0.08)	0.77	0.87
Cash dividends declared per common share	$ 0.08	$ 0.24	$ 0.24	$ 0.72

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net earnings (loss)	$ 6,181	$ (4,092)	$ 41,188	$ 46,353
Other comprehensive loss:
Total other comprehensive loss	(921)	(1,926)	152	(3,308)
COMPREHENSIVE INCOME (LOSS)	$ 5,260	$ (6,018)	$ 41,340	$ 43,045

- 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	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 130,305	$ 60,363
Receivables, net of allowance for doubtful accounts of $3,388 in 2016 and $3,614 in 2015	59,200	69,320
Prepaid expenses and other assets	57,624	158,807
Rental merchandise, net
On rent	754,529	907,625
Held for rent	215,901	228,847
Merchandise held for installment sale	3,666	4,668
Property assets, net of accumulated depreciation of $498,683 in 2016 and $482,448 in 2015	315,085	330,939
Goodwill	206,755	206,122
Other intangible assets, net	5,741	7,777
Total Assets	1,748,806	1,974,468
LIABILITIES
Accounts payable - trade	97,578	96,355
Accrued liabilities	315,821	332,553
Deferred income taxes	104,424	119,245
SecuredDebtNet	187,761	419,648
Senior notes	542,740	542,740
SeniorNotesNet	537,161	536,185
Total Liabilities	1,242,745	1,503,986
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 250,000,000 shares authorized; 109,461,602 and 109,441,911 shares issued in 2016 and 2015, respectively	1,095	1,094
Additional paid-in capital	825,358	818,339
Retained earnings	1,038,178	1,009,770
Treasury stock at cost, 56,369,752 shares in 2016 and 2015	(1,347,677)	(1,347,677)
Accumulated other comprehensive loss	(10,893)	(11,044)
Total Stockholders' Equity	506,061	470,482
Total Liabilities and Stockholders' Equity	$ 1,748,806	$ 1,974,468

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Allowance for doubtful accounts	$ 3,244	$ 3,614
Accumulated depreciation, property assets	$ 508,629	$ 482,448
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	250,000,000	250,000,000
Common stock - shares issued	109,519,369	109,441,911
Treasury stock - shares at cost	56,369,752	56,369,752

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net earnings	$ 41,188	$ 46,353
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation of rental merchandise	498,897	541,603
Bad debt expense	11,247	10,850
Stock-based compensation expense	7,439	6,948
Depreciation of property assets	58,044	56,855
Loss on sale or disposal of property assets	3,569	9,672
Amortization of intangibles	1,761	2,605
Amortization of financing fees	2,345	2,339
Deferred income taxes	(14,821)	(103,433)
Excess tax benefit related to stock awards	0	(84)
Changes in operating assets and liabilities, net of effects of acquisitions
Rental merchandise	(333,842)	(428,099)
Receivables	(1,127)	(8,610)
Prepaid expenses and other assets	101,691	125,791
Accounts payable - trade	1,223	(28,929)
Accrued liabilities	(3,014)	15,434
Net cash provided by operating activities	374,600	249,295
Cash flows from investing activities
Purchase of property assets	(46,839)	(61,125)
Proceeds from sale of property assets	4,506	12,165
Acquisitions of businesses	(3,086)	(19,063)
Net cash used in investing activities	(45,419)	(68,023)
Cash flows from financing activities
Exercise of stock options	0	1,394
Excess tax benefit related to stock awards	0	84
Proceeds from debt	51,610	390,535
Repayments of debt	(284,868)	(518,983)
Dividends paid	(21,291)	(38,251)
Net cash provided (used in) by financing activities	(254,549)	(165,221)
Effect of exchange rate changes on cash	(4,690)	(2,105)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	69,942	13,946
Cash and cash equivalents at beginning of period	60,363	46,126
Cash and cash equivalents at end of period	$ 130,305	$ 60,072

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	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 U.S. generally accepted accounting principles ("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, 2015. 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. 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. 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. Rent-A-Center adopted this ASU retrospectively as of January 1, 2016, and now reports debt issuance costs which were previously included in prepaid expenses and other assets as a deduction from the associated debt liabilities as disclosed in Notes 2 and 3 to the consolidated financial statements. This resulted in a reduction in prepaid expenses and other assets of $10.2 million and $12.5 million, respectively, a reduction in senior debt of $4.6 million and $6.0 million, respectively, and a reduction in senior notes of $5.6 million and $6.5 million, respectively, at September 30, 2016 and December 31, 2015. There was no impact to our 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. On July 9, 2015, the FASB approved a one-year deferral of the effective date. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which amends ASU 2014-09 relating to how and when a company recognizes revenue when another party is involved in providing a good or service to a customer. Under Topic 606, a company will recognize revenue on a gross basis when it provides a good or service to a customer (acts as the principal in a transaction), and on a net basis when it arranges for the good or service to be provided to the customer by another party (acts as an agent in a transaction). ASU 2016-08 provides additional guidance for determining whether a company acts as a principal or agent, depending primarily on whether a company controls goods or services before delivery to the customer. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides additional guidance related to the identification of performance obligations within the contract, and licensing. In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, which provides additional guidance related to certain technical areas within ASU 2014-09. The adoption of these additional ASUs must be concurrent with the adoption of ASU 2014-09, which will be required for Rent-A-Center beginning January 1, 2018, with early adoption permitted as of the original effective date. These ASUs allow 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 the adoption of these ASUs will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which replaces existing accounting literature relating to the classification of, and accounting for, leases. Under ASU 2016-02, a company must recognize for all leases (with the exception of leases with terms less than 12 months) a liability representing a lessee's obligation to make lease payments arising from a lease, and a right-of-use asset representing the lessee's right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged, with certain improvements to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The adoption of ASU 2016-02 will be required for Rent-A-Center beginning January 1, 2019, with early adoption permitted. The ASU must be adopted using a modified retrospective transition, applying the new criteria to all leases existing or entered into after the beginning of the earliest comparative period in the consolidated financial statements. We are currently in the process of determining what impact the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. The adoption of ASU 2016-09 will be required for Rent-A-Center beginning January 1, 2017. ASU 2016-09 requires that certain provisions be adopted using a modified retrospective transition and other provisions retrospectively. We are currently in the process of determining what impact the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which provides guidance on the treatment of cash receipts and cash payments for certain types of cash transactions, to eliminate diversity in practice in the presentation of the cash flow statement. The adoption of ASU 2016-15 will be required for Rent-A-Center on a retrospective basis beginning January 1, 2018, with early adoption permitted. We are currently in the process of determining the adoption date and what impact the adoption of this ASU will have on our presentation of cash flows. 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.

Senior Debt

9 Months Ended

Sep. 30, 2016

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 provides 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. In the event our Consolidated Total Leverage Ratio exceeds 2.5:1, we are also required to pay down the Term Loans by a percentage of annual excess cash flow, as defined in the Credit Agreement. Additional payments will be equal to 25% of annual excess cash flows if the Consolidated Total Leverage Ratio is between 2.5:1 and 3.0:1, increasing to 50% of annual excess cash flows if the Consolidated Leverage Ratio is greater than 3.0:1. We made a mandatory excess cash flow prepayment in March 2016 with respect to our results for the year ended December 31, 2015, of approximately $27 million. No mandatory excess cash flow prepayment was made with respect to the year ended December 31, 2014. We are further required to pay down the Term Loans with proceeds from certain asset sales or borrowings as defined in the Credit Agreement.

The amounts outstanding under the Term Loans were $192.4 million at September 30, 2016, and there were no outstanding borrowings under the Revolving Facility at September 30, 2016. Outstanding borrowings for senior debt at September 30, 2016 were reduced by total unamortized issuance costs of $4.6 million. The amounts outstanding under the Term Loan and Revolving Facility at December 31, 2015, were $221.1 million and $190.0 million, respectively. Outstanding borrowings for senior debt at December 31, 2015 were reduced by total unamortized issuance costs of $6.0 million.

The full amount of the Revolving Facility may be used for the issuance of letters of credit, of which $90.7 million had been so utilized as of September 30, 2016, and at which date $584.3 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 2.00% and 1.00%, respectively, at September 30, 2016, 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 during the third quarter of 2016 was equal to 40.00% 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 limit our ability and the ability of our subsidiaries to:


•	incur additional debt;


•	repurchase capital stock, repurchase 6.625% notes and 4.75% notes and/or pay cash dividends when total leverage is greater than 2.5:1 (subject to an exception for cash dividends in an amount not to exceed $20.0 million annually);


•	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 4.25:1 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 (pursuant to the Second Amendment discussed below).

On February 1, 2016, we entered into a First Amendment (the “First Amendment”), with JPMorgan Chase Bank, N.A., as administrative agent, the other agents party thereto and the lenders party thereto, to the Credit Agreement. The First Amendment permits us to make Restricted Payments (as such term is defined in the Credit Agreement) with respect to repurchases of and dividends upon our capital stock and repurchases of our senior unsecured notes, in an aggregate amount during any fiscal year not to exceed $20 million, if after giving pro forma effect thereto the Consolidated Senior Leverage Ratio (as such term is defined in the Credit Agreement) is greater than 2.50:1 and less than or equal to 3.75:1. The First Amendment is included as an exhibit to our Current Report on Form 8-K dated as of February 1, 2016.

On October 4, 2016, we entered into a Second Amendment (the “Second Amendment”), effective as of September 30, 2016, with JPMorgan Chase Bank, N.A., as administrative agent, the other agents party thereto and the lenders party thereto, to the Credit Agreement. The Second Amendment (i) reduces the maximum Consolidated Senior Secured Leverage Ratio from 2.75 to 1.00 to 2.50 to 1.00, beginning with the quarter ended December 31, 2016, and (ii) reduces the minimum Consolidated Fixed Charge Coverage Ratio covenant level from 1.75 to 1.00 to 1.50 to 1.00, beginning with the quarter ended September 30, 2016. We may elect to increase the minimum Consolidated Fixed Charge Coverage Ratio to 1.75 to 1.00.

The Second Amendment also effects the following changes to our ability to make certain Restricted Payments:

When the Consolidated Fixed Charge Coverage Ratio covenant level is 1.5 to 1.00, only regularly scheduled dividends are payable up to annual maximums as follows:


•	When the Consolidated Senior Leverage Ratio is less than or equal to 2.5 to 1.00, a maximum of $25 million annually


•	When the Consolidated Senior Leverage Ratio is between 2.5 to 1.00 and 3.75 to 1.00, a maximum of $20 million annually (including Notes Payments)


•	When the Consolidated Senior Leverage Ratio is over 3.75 to 1.00, a maximum of $15 million annually (including Notes Payments)

Share repurchases are not permitted when the Consolidated Fixed Charge Coverage Ratio covenant level is 1.5 to 1.00.

When the Consolidated Fixed Charge Coverage Ratio covenant level is 1.75 to 1.00, Stock Payments (dividend & share repurchase) are permitted up to annual maximums as follows:


•	When the Consolidated Senior Leverage Ratio is less than or equal to 2.5 to 1.00:

AND available revolving commitments are greater than or equal to $400 million, then a maximum of $50 million annually

AND available revolving commitments are less than $400 million, then a maximum of $40 million annually


•	When the Consolidated Senior Leverage Ratio is between 2.5 to 1.00 and 3.75 to 1.00, then a maximum of $20 million annually (including Notes Payments)


•	When the Consolidated Senior Leverage Ratio is over 3.75 to 1.00, then a maximum of $15 million annually (including Notes Payments)

We retain the ability to repurchase senior notes when the Consolidated Senior Leverage Ratio is less than or equal to 2.50 to 1.00.

In connection with the Second Amendment, we paid customary amendment fees to the Agent and the lenders that provided their consent to the Amendment of approximately $1.0 million, which were capitalized and will be amortized to interest expense over the remaining term of the agreement.

The Second Amendment is included as an exhibit to our Current Report on Form 8-K dated as of October 4, 2016.

The table below shows the required and actual ratios under the Credit Agreement calculated as of September 30, 2016:



	Required Ratio		Actual Ratio
Consolidated total leverage ratio	No greater than	4.25:1	2.52:1
Consolidated senior secured leverage ratio	No greater than	2.75:1	0.35:1
Consolidated fixed charge coverage ratio	No less than	1.50:1	1.72:1

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 September 30, 2016 ($629.8 million) by consolidated EBITDA for the 12-month period ending September 30, 2016 ($249.6 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 September 30, 2016 ($87.1 million) by consolidated EBITDA for the 12-month period ending September 30, 2016 ($249.6 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, less cash greater than $25 million.

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 September 30, 2016 ($485.2 million), by consolidated fixed charges for the 12-month period ending September 30, 2016 ($282.7 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. There were no outstanding borrowings against this this line of credit at September 30, 2016, and $14.6 million at December 31, 2015. The line of credit generally renews on August 21 of each year. Borrowings under this line of credit bear interest at the greater of a variable rate or 2.0%.

The table below shows the scheduled maturity dates of our outstanding debt at September 30, 2016:



	Term Loan		Revolving Facility		INTRUST Line of Credit		Total
Year Ending December 31,	(In thousands)
2016	$	563	$	—	$	—	$	563
2017	2,250		—		—		2,250
2018	2,250		—		—		2,250
2019	2,250		—		—		2,250
2020	2,250		—		—		2,250
Thereafter	182,813		—		—		182,813
	$	192,376	$	—	$	—	$	192,376

Subsidiary Guarantors - Senior Notes

9 Months Ended

Sep. 30, 2016

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. The principal amount of the 6.625% notes outstanding as of September 30, 2016, and December 31, 2015, was $292.7 million, reduced by $2.6 million and $3.1 million of unamortized issuance costs, respectively.

Senior Notes Due 2021. On May 2, 2013, we issued $250.0 million in senior unsecured notes due May 2021, bearing interest at 4.750%, 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 principal amount of the 4.750% notes outstanding as of September 30, 2016, and December 31, 2015, was $250.0 million, reduced by $3.0 million and $3.4 million of unamortized issuance costs, respectively.

The indentures governing the 6.625% notes and the 4.750% 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 when total leverage is greater than 2.5:1 (subject to an exception for cash dividends in an amount not to exceed $20 million annually); 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 4.750% 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 4.750% notes may be redeemed on or after May 1, 2019, at our option, in whole or in part, at par. The 4.750% 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 4.750% 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 4.750% 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

9 Months Ended

Sep. 30, 2016

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 September 30, 2016, 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, 2016, and December 31, 2015, 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 September 30, 2016, and December 31, 2015, (in thousands):



	September 30, 2016							December 31, 2015
	Carrying Value		Fair Value		Difference			Carrying Value		Fair Value		Difference
6.625% senior notes	$	292,740	$	282,494	$	(10,246	)	$	292,740	$	248,097	$	(44,643	)
4.75% senior notes	250,000		211,250		(38,750		)	250,000		183,125		(66,875		)
Total	$	542,740	$	493,744	$	(48,996	)	$	542,740	$	431,222	$	(111,518	)

- 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

Other Charges and (Credits) - Cost of Revenues	9 Months Ended
Other Charges and (Credits) - Cost of Revenues	Sep. 30, 2015
Other Charges and (Credits) - Cost of Revenues [Abstract]
Other COGS Special Items	Other Charges - Cost of Revenues. Write-down of Rental Merchandise. During the quarter ended September 30, 2015, we projected that we would not recover the carrying value of certain smartphones. We recorded a $34.7 million impairment charge, included in cost of revenues in the accompanying statement of earnings. This charge resulted in a reduction of on rent and held for rent merchandise of $10.3 million and $24.4 million, respectively, at September 30, 2015.

Other Charges - Operating Expenses

9 Months Ended

Sep. 30, 2016

Restructuring Costs and Asset Impairment Charges [Abstract]

Other Charges - Operating Expenses

Other Charges - Operating Expenses.

U.S Core Store and Acceptance Now Consolidation Plan. During the second quarter of 2016, we closed 167 U.S. Core and 96 Acceptance Now locations, resulting in a pre-tax restructuring charges of $1.0 million and $19.9 million for the three and nine months ended September 30, 2016. Restructuring charges consisted of lease obligation costs, disposal of fixed assets, and other miscellaneous labor and shutdown costs.

During the third quarter of 2015, we closed 65 Core U.S. stores and merged those accounts into existing Core U.S. stores, resulting in a pre-tax restructuring charge of $4.3 million. This charge included approximately $1.2 million of accelerated depreciation expense for fixed assets, leasehold improvements and write-off of merchandise inventory, $2.7 million in early lease termination costs and $0.3 million of other operating costs to decommission the stores.

Mexico Store Consolidation Plan. During the first quarter of 2016, we closed 14 stores in Mexico, resulting in pre-tax restructuring charges of $2.3 million for the nine months ended September 30, 2016, in the Mexico segment, for disposal of rental merchandise, disposal of fixed assets and leasehold improvements, and other miscellaneous costs. During 2015, management closed 34 stores in Mexico. These store closures resulted in pre-tax restructuring charges of $3.1 million for the nine months ended September 30, 2015 in the Mexico segment, for disposal of fixed assets and leasehold improvements, and other miscellaneous costs.

Sourcing and Distribution Network Startup Costs. As part of our transformational sourcing and distribution initiative, we entered into an agreement with a third-party logistics partner. As a result, we incurred one-time costs to set up new warehousing facilities and distribution routes in the second quarter of 2015 and we incurred other charges in the third quarter of 2015 to close existing warehouse space and terminate employees. The pre-tax charges for these items were approximately $1.2 million and $2.8 million for the three- and nine-month periods ended September 30, 2015, respectively, reflected in the Core U.S. segment.

Sale of Stores. During the third quarter of 2015, we incurred pre-tax losses of $4.9 million on the sale of 22 Core U.S. stores to a franchisee and $0.3 million on the sale of 14 Core U.S. stores in Canada. We also incurred pre-tax losses of $0.3 million and $0.9 million for the three- and nine-month periods ended September 30, 2015, respectively, on the sale of 6 stores during the second quarter and 3 stores during the third quarter.

Activity with respect to other charges for the nine months ended September 30, 2016 is summarized in the below table (in thousands):



	Accrued Charges at December 31, 2015		Charges & Adjustments		Payments			Accrued Charges at September 30, 2016
Cash charges:
Labor reduction costs	$	3,340	$	1,367	$	(2,416	)	$	2,291
Lease obligation costs	1,229		15,134		(7,109		)	9,254
Other miscellaneous	—		1,281		(1,281		)	—
Subtotal	$	4,569	17,782		$	(10,806	)	$	11,545
Non-cash charges:
Loss on the sale of fixed assets			3,515
Inventory losses			283
Other, net			660
Total			$	22,240

Segment Information

9 Months Ended

Sep. 30, 2016

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, and our Core U.S. and franchising segments also offers smartphones.

Segment information for the three months ended September 30, 2016 and 2015 is as follows (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Revenues
Core U.S.	$	481,805	$	575,356	$	1,596,782	$	1,798,055
Acceptance Now	194,398		196,652		624,310		621,393
Mexico	12,454		14,528		39,514		48,799
Franchising	5,220		5,069		18,542		16,340
Total revenues	$	693,877	$	791,605	$	2,279,148	$	2,484,587



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Gross profit
Core U.S.	$	343,071	$	374,214	$	1,138,089	$	1,236,964
Acceptance Now	102,998		102,133		319,492		315,193
Mexico	8,897		9,500		27,478		32,521
Franchising	2,260		2,765		7,269		7,056
Total gross profit	$	457,226	$	488,612	$	1,492,328	$	1,591,734



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Operating profit (loss)
Core U.S.	$	26,058		$	15,700		$	127,009		$	149,971
Acceptance Now	29,592			28,901			86,508			95,129
Mexico	235			(2,359		)	(1,803		)	(12,992		)
Franchising	1,430			1,797			4,268			4,004
Total segment operating profit	57,315			44,039			215,982			236,112
Corporate	(40,615		)	(37,474		)	(123,302		)	(123,248		)
Total operating profit	$	16,700		$	6,565		$	92,680		$	112,864



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Depreciation, amortization and write-down of intangibles
Core U.S.	$	9,495	$	11,818	$	30,950	$	37,577
Acceptance Now	815		836		2,480		2,388
Mexico	746		1,165		2,549		4,051
Franchising	44		45		133		140
Total segments	11,100		13,864		36,112		44,156
Corporate	8,898		6,115		24,486		15,984
Total depreciation, amortization and write-down of intangibles	$	19,998	$	19,979	$	60,598	$	60,140



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Capital expenditures
Core U.S.	$	3,864	$	6,148	$	11,092	$	12,397
Acceptance Now	860		921		1,457		1,749
Mexico	36		16		259		134
Total segments	4,760		7,085		12,808		14,280
Corporate	13,895		11,171		34,031		46,845
Total capital expenditures	$	18,655	$	18,256	$	46,839	$	61,125

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



	September 30, 2016		December 31, 2015
On rent rental merchandise, net
Core U.S.	$	413,955	$	540,004
Acceptance Now	326,553		350,046
Mexico	14,021		17,575
Total on rent rental merchandise, net	$	754,529	$	907,625



	September 30, 2016		December 31, 2015
Held for rent rental merchandise, net
Core U.S.	$	202,738	$	215,327
Acceptance Now	6,689		5,000
Mexico	6,474		8,520
Total held for rent rental merchandise, net	$	215,901	$	228,847



	September 30, 2016		December 31, 2015
Assets by segment			Revised
Core U.S.	$	1,000,572	$	1,240,593
Acceptance Now	403,305		426,827
Mexico	32,166		38,898
Franchising	1,732		2,723
Total segments	1,437,775		1,709,041
Corporate	311,031		265,427
Total assets	$	1,748,806	$	1,974,468

- 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.

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+ Details

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Sep. 30, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation. We recognized $2.6 million and $2.0 million in pre-tax compensation expense related to stock options and restricted stock units during the three months ended September 30, 2016 and 2015, respectively, and $7.4 million and $6.9 million during the nine months ended September 30, 2016 and 2015, respectively. During the nine months ended September 30, 2016, we granted approximately 912,000 stock options, 641,000 performance-based restricted stock units and 424,000 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 35.88% to 44.02%, a risk-free interest rate of 0.79% to 1.85%, an expected dividend yield of 2.0% to 6.4% and an expected life of 3.50 to 5.75 years. The weighted-average exercise price of the options granted during the nine months ended September 30, 2016 was $11.68 and the weighted-average grant-date fair value was $2.96. 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. The weighted-average grant date fair value of the restricted stock units granted during the nine months ended September 30, 2016 was $9.20.

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies. From time to time, the Company, along with our subsidiaries, is 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 $4.4 million was outstanding as of September 30, 2016.

- 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.

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+ Details

Earnings Per Share

9 Months Ended

Sep. 30, 2016

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 September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Numerator:
Net earnings (loss)	$	6,181	$	(4,092	)	$	41,188	$	46,353
Denominator:
Weighted-average shares outstanding	53,155		53,060			53,111		53,044
Effect of dilutive stock awards	299		273			281		313
Weighted-average dilutive shares	53,454		53,333			53,392		53,357

Basic earnings (loss) per share	$	0.12	$	(0.08	)	$	0.78	$	0.87
Diluted earnings (loss) per share	$	0.12	$	(0.08	)	$	0.77	$	0.87

For the three-month period ended September 30, 2016 and 2015, the number of anti-dilutive stock awards that were outstanding but not included in the computation of diluted earnings per common share was 3,999,515 and 2,676,685, respectively.

For the nine-month period ended September 30, 2016 and 2015, the number of anti-dilutive stock awards that were outstanding but not included in the computation of diluted earnings per common share was 3,431,945 and 2,302,669, respectively.

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2016
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 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. On July 9, 2015, the FASB approved a one-year deferral of the effective date. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which amends ASU 2014-09 relating to how and when a company recognizes revenue when another party is involved in providing a good or service to a customer. Under Topic 606, a company will recognize revenue on a gross basis when it provides a good or service to a customer (acts as the principal in a transaction), and on a net basis when it arranges for the good or service to be provided to the customer by another party (acts as an agent in a transaction). ASU 2016-08 provides additional guidance for determining whether a company acts as a principal or agent, depending primarily on whether a company controls goods or services before delivery to the customer. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides additional guidance related to the identification of performance obligations within the contract, and licensing. In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, which provides additional guidance related to certain technical areas within ASU 2014-09. The adoption of these additional ASUs must be concurrent with the adoption of ASU 2014-09, which will be required for Rent-A-Center beginning January 1, 2018, with early adoption permitted as of the original effective date. These ASUs allow 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 the adoption of these ASUs will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which replaces existing accounting literature relating to the classification of, and accounting for, leases. Under ASU 2016-02, a company must recognize for all leases (with the exception of leases with terms less than 12 months) a liability representing a lessee's obligation to make lease payments arising from a lease, and a right-of-use asset representing the lessee's right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged, with certain improvements to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The adoption of ASU 2016-02 will be required for Rent-A-Center beginning January 1, 2019, with early adoption permitted. The ASU must be adopted using a modified retrospective transition, applying the new criteria to all leases existing or entered into after the beginning of the earliest comparative period in the consolidated financial statements. We are currently in the process of determining what impact the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. The adoption of ASU 2016-09 will be required for Rent-A-Center beginning January 1, 2017. ASU 2016-09 requires that certain provisions be adopted using a modified retrospective transition and other provisions retrospectively. We are currently in the process of determining what impact the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which provides guidance on the treatment of cash receipts and cash payments for certain types of cash transactions, to eliminate diversity in practice in the presentation of the cash flow statement. The adoption of ASU 2016-15 will be required for Rent-A-Center on a retrospective basis beginning January 1, 2018, with early adoption permitted. We are currently in the process of determining the adoption date and what impact the adoption of this ASU will have on our presentation of cash flows. 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.

Senior Debt (Tables)

9 Months Ended

Sep. 30, 2016

Senior Debt [Abstract]

Financial Covenants Ratios

The Second Amendment also effects the following changes to our ability to make certain Restricted Payments:

When the Consolidated Fixed Charge Coverage Ratio covenant level is 1.5 to 1.00, only regularly scheduled dividends are payable up to annual maximums as follows:


•	When the Consolidated Senior Leverage Ratio is less than or equal to 2.5 to 1.00, a maximum of $25 million annually


•	When the Consolidated Senior Leverage Ratio is between 2.5 to 1.00 and 3.75 to 1.00, a maximum of $20 million annually (including Notes Payments)


•	When the Consolidated Senior Leverage Ratio is over 3.75 to 1.00, a maximum of $15 million annually (including Notes Payments)

Share repurchases are not permitted when the Consolidated Fixed Charge Coverage Ratio covenant level is 1.5 to 1.00.

When the Consolidated Fixed Charge Coverage Ratio covenant level is 1.75 to 1.00, Stock Payments (dividend & share repurchase) are permitted up to annual maximums as follows:


•	When the Consolidated Senior Leverage Ratio is less than or equal to 2.5 to 1.00:

AND available revolving commitments are greater than or equal to $400 million, then a maximum of $50 million annually

AND available revolving commitments are less than $400 million, then a maximum of $40 million annually


•	When the Consolidated Senior Leverage Ratio is between 2.5 to 1.00 and 3.75 to 1.00, then a maximum of $20 million annually (including Notes Payments)


•	When the Consolidated Senior Leverage Ratio is over 3.75 to 1.00, then a maximum of $15 million annually (including Notes Payments)

We retain the ability to repurchase senior notes when the Consolidated Senior Leverage Ratio is less than or equal to 2.50 to 1.00.

The Second Amendment is included as an exhibit to our Current Report on Form 8-K dated as of October 4, 2016.

The table below shows the required and actual ratios under the Credit Agreement calculated as of September 30, 2016:



	Required Ratio		Actual Ratio
Consolidated total leverage ratio	No greater than	4.25:1	2.52:1
Consolidated senior secured leverage ratio	No greater than	2.75:1	0.35:1
Consolidated fixed charge coverage ratio	No less than	1.50:1	1.72:1

Schedule of Maturities of Long-term Debt

The table below shows the scheduled maturity dates of our outstanding debt at September 30, 2016:



	Term Loan		Revolving Facility		INTRUST Line of Credit		Total
Year Ending December 31,	(In thousands)
2016	$	563	$	—	$	—	$	563
2017	2,250		—		—		2,250
2018	2,250		—		—		2,250
2019	2,250		—		—		2,250
2020	2,250		—		—		2,250
Thereafter	182,813		—		—		182,813
	$	192,376	$	—	$	—	$	192,376

Fair Value Fair Value (Tables)

9 Months Ended

Sep. 30, 2016

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 September 30, 2016, and December 31, 2015, (in thousands):



	September 30, 2016							December 31, 2015
	Carrying Value		Fair Value		Difference			Carrying Value		Fair Value		Difference
6.625% senior notes	$	292,740	$	282,494	$	(10,246	)	$	292,740	$	248,097	$	(44,643	)
4.75% senior notes	250,000		211,250		(38,750		)	250,000		183,125		(66,875		)
Total	$	542,740	$	493,744	$	(48,996	)	$	542,740	$	431,222	$	(111,518	)

Other Charges - Operating Expenses Other Charges - Operating Expenses (Tables)

9 Months Ended

Sep. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Restructuring and Related Costs [Table Text Block]

Activity with respect to other charges for the nine months ended September 30, 2016 is summarized in the below table (in thousands):



	Accrued Charges at December 31, 2015		Charges & Adjustments		Payments			Accrued Charges at September 30, 2016
Cash charges:
Labor reduction costs	$	3,340	$	1,367	$	(2,416	)	$	2,291
Lease obligation costs	1,229		15,134		(7,109		)	9,254
Other miscellaneous	—		1,281		(1,281		)	—
Subtotal	$	4,569	17,782		$	(10,806	)	$	11,545
Non-cash charges:
Loss on the sale of fixed assets			3,515
Inventory losses			283
Other, net			660
Total			$	22,240

Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Information [Abstract]

Segment Information

Segment information for the three months ended September 30, 2016 and 2015 is as follows (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Revenues
Core U.S.	$	481,805	$	575,356	$	1,596,782	$	1,798,055
Acceptance Now	194,398		196,652		624,310		621,393
Mexico	12,454		14,528		39,514		48,799
Franchising	5,220		5,069		18,542		16,340
Total revenues	$	693,877	$	791,605	$	2,279,148	$	2,484,587



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Gross profit
Core U.S.	$	343,071	$	374,214	$	1,138,089	$	1,236,964
Acceptance Now	102,998		102,133		319,492		315,193
Mexico	8,897		9,500		27,478		32,521
Franchising	2,260		2,765		7,269		7,056
Total gross profit	$	457,226	$	488,612	$	1,492,328	$	1,591,734



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Operating profit (loss)
Core U.S.	$	26,058		$	15,700		$	127,009		$	149,971
Acceptance Now	29,592			28,901			86,508			95,129
Mexico	235			(2,359		)	(1,803		)	(12,992		)
Franchising	1,430			1,797			4,268			4,004
Total segment operating profit	57,315			44,039			215,982			236,112
Corporate	(40,615		)	(37,474		)	(123,302		)	(123,248		)
Total operating profit	$	16,700		$	6,565		$	92,680		$	112,864



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Depreciation, amortization and write-down of intangibles
Core U.S.	$	9,495	$	11,818	$	30,950	$	37,577
Acceptance Now	815		836		2,480		2,388
Mexico	746		1,165		2,549		4,051
Franchising	44		45		133		140
Total segments	11,100		13,864		36,112		44,156
Corporate	8,898		6,115		24,486		15,984
Total depreciation, amortization and write-down of intangibles	$	19,998	$	19,979	$	60,598	$	60,140



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Capital expenditures
Core U.S.	$	3,864	$	6,148	$	11,092	$	12,397
Acceptance Now	860		921		1,457		1,749
Mexico	36		16		259		134
Total segments	4,760		7,085		12,808		14,280
Corporate	13,895		11,171		34,031		46,845
Total capital expenditures	$	18,655	$	18,256	$	46,839	$	61,125

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



	September 30, 2016		December 31, 2015
On rent rental merchandise, net
Core U.S.	$	413,955	$	540,004
Acceptance Now	326,553		350,046
Mexico	14,021		17,575
Total on rent rental merchandise, net	$	754,529	$	907,625



	September 30, 2016		December 31, 2015
Held for rent rental merchandise, net
Core U.S.	$	202,738	$	215,327
Acceptance Now	6,689		5,000
Mexico	6,474		8,520
Total held for rent rental merchandise, net	$	215,901	$	228,847



	September 30, 2016		December 31, 2015
Assets by segment			Revised
Core U.S.	$	1,000,572	$	1,240,593
Acceptance Now	403,305		426,827
Mexico	32,166		38,898
Franchising	1,732		2,723
Total segments	1,437,775		1,709,041
Corporate	311,031		265,427
Total assets	$	1,748,806	$	1,974,468

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

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 September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Numerator:
Net earnings (loss)	$	6,181	$	(4,092	)	$	41,188	$	46,353
Denominator:
Weighted-average shares outstanding	53,155		53,060			53,111		53,044
Effect of dilutive stock awards	299		273			281		313
Weighted-average dilutive shares	53,454		53,333			53,392		53,357

Basic earnings (loss) per share	$	0.12	$	(0.08	)	$	0.78	$	0.87
Diluted earnings (loss) per share	$	0.12	$	(0.08	)	$	0.77	$	0.87

Basis of Presentation (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Basis of Presentation [Abstract]
DebtIssuanceCostsNet	$ 10.2	$ 12.5
Reclassification (Details) [Abstract]
SeniorNotesIssuanceCostsNet	$ 5.6	$ 6.5

Senior Debt (Details)	9 Months Ended	12 Months Ended
Senior Debt (Details)	Sep. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Senior Debt (Table Details) [Abstract]
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%
Event of default-not satisfied or bonded judgment in excess of	$ 50,000,000
Maximum period allowed for pending judgment to satisfy or bond (in days)	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	4.25
Actual consolidated total leverage ratio	2.52
Required consolidated senior secured leverage ratio, maximum	2.75
Actual consolidated senior secured leverage ratio	0.35
Required consolidated fixed charge coverage ratio, minimum	1.50
Actual consolidated fixed charge coverage ratio	1.72
Covenants [Abstract]
Covenants for senior credit facilities - amount available under restricted payment basket	$ 20,000,000
Outstanding indebtedness less cash in excess of	25,000,000
Consolidated funded debt outstanding	629,800,000
Consolidated EBITDA		$ 249,600,000
Consolidated senior secured debt outstanding	87,100,000
Adjusted consolidated EBITDA		485,200,000
Consolidated fixed charges		$ 282,700,000
Senior credit facilities, maximum amount	900,000,000
Senior credit facilities, additional amount allowed	250,000,000
Mandatory Excess Cash Flow Pre-Payment	27,000,000
Term loan, maximum facility	225,000,000
Term loan, amount outstanding	192,400,000		$ 221,100,000
Revolving facility, maximum facility	675,000,000
Revolving facility, amount outstanding			190,000,000
Letters of credit, amount outstanding	90,700,000
Letters of credit, amount available	584,300,000
Unsecured line of credit, maximum facility	$ 20,000,000
Unsecured line of credit, amount outstanding			14,600,000
Commitment fee percentage	40.00%
Maturities of Long-term Debt [Abstract]
2015	$ 563,000
2016	2,250,000
2017	2,250,000
2018	2,250,000
2019	2,250,000
Thereafter	182,813,000
Secured Debt	$ 192,376,000
Minimum [Member]
Covenants [Abstract]
Commitment fee percentage	0.30%
Maximum [Member]
Covenants [Abstract]
Commitment fee percentage	0.50%
Prime Rate [Member]
Covenants [Abstract]
Description of variable rate basis	prime
Eurodollar [Member]
Covenants [Abstract]
Description of variable rate basis	Eurodollar rate
Line of Credit [Member]
Covenants [Abstract]
Maturity date	Aug. 21, 2016
Unsecured line of credit, amount outstanding	$ 0
Maturities of Long-term Debt [Abstract]
2015	0
2016	0
2017	0
2018	0
2019	0
Thereafter	$ 0
Revolving Credit Facility [Member]
Covenants [Abstract]
Maturity date	Mar. 19, 2019
Revolving facility, amount outstanding	$ 0
Unamortized Debt Issuance Expense	4,600,000		$ 6,000,000
Maturities of Long-term Debt [Abstract]
2015	0
2016	0
2017	0
2018	0
2019	0
Thereafter	$ 0
Revolving Credit Facility [Member] \| Prime Rate [Member]
Covenants [Abstract]
Margin on Prime Rate, actual	1.00%
Revolving Credit Facility [Member] \| Prime Rate [Member] \| Minimum [Member]
Covenants [Abstract]
Basis margin on variable rate	0.50%
Revolving Credit Facility [Member] \| Prime Rate [Member] \| Maximum [Member]
Covenants [Abstract]
Basis margin on variable rate	1.75%
Revolving Credit Facility [Member] \| Eurodollar [Member]
Covenants [Abstract]
Margin on Eurodollar rate, actual	2.00%
Revolving Credit Facility [Member] \| Eurodollar [Member] \| Minimum [Member]
Covenants [Abstract]
Basis margin on variable rate	1.50%
Revolving Credit Facility [Member] \| Eurodollar [Member] \| Maximum [Member]
Covenants [Abstract]
Basis margin on variable rate	2.75%
Term Loan [Member]
Covenants [Abstract]
Maturity date	Mar. 19, 2021
Margin on Eurodollar rate, actual	3.00%
Margin on Prime Rate, actual	2.00%
Term loan, amount outstanding	$ 192,376,000
Term Loan, Periodic Payment, Principal	$ 562,500
Term Loan, Frequency of Periodic Payment	quarterly
Maturities of Long-term Debt [Abstract]
2015	$ 563,000
2016	2,250,000
2017	2,250,000
2018	2,250,000
2019	2,250,000
Thereafter	$ 182,813,000

Subsidiary Guarantors - Senior Notes (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Senior Notes [Line Items]
Carrying value of senior notes	$ 542,740	$ 542,740
Covenant for Debt Basket Available Under Senior Notes	20,000
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 2021 [Member]
Senior Notes [Line Items]
Carrying value of senior notes	250,000	250,000
Unamortized Debt Issuance Expense	$ 3,000	3,400
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%
Senior Notes Due 2020 [Member]
Senior Notes [Line Items]
Initial Borrowing in Senior Notes	$ 300,000
Carrying value of senior notes	292,740	292,740
Unamortized Debt Issuance Expense	$ 2,600	$ 3,100
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%

Income Taxes (Details)	Sep. 30, 2016
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	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 542,740	$ 542,740
Amount of difference between fair value and carrying value	(48,996)	(111,518)
Senior Notes Due 2020 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	292,740	292,740
Amount of difference between fair value and carrying value	(10,246)	(44,643)
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	(38,750)	(66,875)
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	493,744	431,222
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	282,494	248,097
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	$ 211,250	$ 183,125

Other Charges and (Credits) - Cost of Revenues (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Write-down of Rental Merchandise [Abstract]
Inventory Write-down	$ 34,700
On Rent Inventory Adjustment	10,300
Held for Rent Inventory Adjustment	$ 24,400

Other Charges - Operating Expenses (Details)	3 Months Ended		9 Months Ended		12 Months Ended
Other Charges - Operating Expenses (Details)	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($) store	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($) store	Dec. 31, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed	96
Restructuring and Related Cost, Incurred Cost			$ 2,300,000
Restructuring charge, total					$ 4,569,000
Restructuring charge, store decommissioning					0
Restructuring charge, future lease obligation					1,229,000
Severance costs					$ 3,340,000
Start-up and Decommissioning Costs	$ 2,800,000	$ 1,200,000
u.s. core [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed	167
2015 Canada Store Sale [Member] \| Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed \| store		14
Gain (Loss) on Disposition of Business		$ 300,000
2015 Other Store Sale [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business		$ 300,000		$ 900,000
2015 Other Store Sale [Member] \| Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed \| store		6		3
Gain (Loss) on Disposition of Business		$ 4,900,000
2015 Core U.S. Store Consolidation Plan [Member] \| Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed \| store		65
Restructuring charge, total	$ 1,000,000
Restructuring charge, accelerated depreciation and asset write-off	1,200,000
Restructuring charge, early lease termination	2,700,000
Restructuring charge, store decommissioning	4,300,000
2014 Core U.S. Store Consolidation Plan [Member] \| Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed \| store		22
Restructuring charge, total				$ 19,900,000
Restructuring charge, store decommissioning				$ 300,000
Mexico Store Consolidation Plan [Member] \| Mexico [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed			14	34
Restructuring charge, total				$ 3,100,000
Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge, total			$ 17,782,000
Restructuring charge, store decommissioning			1,281,000
Restructuring charge, future lease obligation	15,134,000		15,134,000
Severance costs			1,367,000
Restructuring Charges-Payments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge, total			(10,806,000)
Restructuring charge, store decommissioning			(1,281,000)
Restructuring charge, future lease obligation	(7,109,000)		(7,109,000)
Severance costs			(2,416,000)
Restructuring Charges-Total [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge, total			11,545,000
Restructuring charge, store decommissioning			0
Restructuring charge, future lease obligation	$ 9,254,000		9,254,000
Severance costs			2,291,000
Non-Cash Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge, total			22,240,000
Gain (Loss) on Disposition of Assets			3,515,000
Gain (loss) on sale of fixed assets			283,000
Other Restructuring Costs			$ 660,000

Other Charges - Operating Expenses Restructuring charges (Details) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed	96
Restructuring and Related Cost, Future Lease Obligation				$ 1,229
Restructuring Charges				$ 4,569
u.s. core [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed	167
Mexico [Member] \| Mexico Store Consolidation Plan [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed		14	34
Restructuring Charges			$ 3,100

Other Charges - Operating Expenses Restructuring costs (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016 USD ($)
Restructuring and Related Costs, Incurred [Abstract]
Restructuring and Related Cost, Incurred Cost	$ 2.3

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenues	$ 693,877	$ 791,605	$ 2,279,148	$ 2,484,587
Gross profit	457,226	488,612	1,492,328	1,591,734
Operating profit	16,700	6,565	92,680	112,864
Depreciation, amortization and write-down of intangibles	19,998	19,979	60,598	60,140
Capital expenditures	18,655	18,256	46,839	61,125
Rental merchandise on rent, net	754,529		754,529		$ 907,625
Rental merchandise held for rent, net	215,901		215,901		228,847
Assets	1,748,806		1,748,806		1,974,468
Core U.S. [Member]
Segment Reporting Information [Line Items]
Revenues	481,805	575,356	1,596,782	1,798,055
Gross profit	343,071	374,214	1,138,089	1,236,964
Operating profit	26,058	15,700	127,009	149,971
Depreciation, amortization and write-down of intangibles	9,495	11,818	30,950	37,577
Capital expenditures	3,864	6,148	11,092	12,397
Rental merchandise on rent, net	413,955		413,955		540,004
Rental merchandise held for rent, net	202,738		202,738		215,327
Assets	1,000,572		1,000,572		1,240,593
Acceptance Now [Member]
Segment Reporting Information [Line Items]
Revenues	194,398	196,652	624,310	621,393
Gross profit	102,998	102,133	319,492	315,193
Operating profit	29,592	28,901	86,508	95,129
Depreciation, amortization and write-down of intangibles	815	836	2,480	2,388
Capital expenditures	860	921	1,457	1,749
Rental merchandise on rent, net	326,553		326,553		350,046
Rental merchandise held for rent, net	6,689		6,689		5,000
Assets	403,305		403,305		426,827
Mexico [Member]
Segment Reporting Information [Line Items]
Revenues	12,454	14,528	39,514	48,799
Gross profit	8,897	9,500	27,478	32,521
Operating profit	235	(2,359)	(1,803)	(12,992)
Depreciation, amortization and write-down of intangibles	746	1,165	2,549	4,051
Capital expenditures	36	16	259	134
Rental merchandise on rent, net	14,021		14,021		17,575
Rental merchandise held for rent, net	6,474		6,474		8,520
Assets	32,166		32,166		38,898
Franchising [Member]
Segment Reporting Information [Line Items]
Revenues	5,220	5,069	18,542	16,340
Gross profit	2,260	2,765	7,269	7,056
Operating profit	1,430	1,797	4,268	4,004
Depreciation, amortization and write-down of intangibles	44	45	133	140
Assets	1,732		1,732		2,723
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating profit	57,315	44,039	215,982	236,112
Depreciation, amortization and write-down of intangibles	11,100	13,864	36,112	44,156
Capital expenditures	4,760	7,085	12,808	14,280
Assets	1,437,775		1,437,775		1,709,041
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit	(40,615)	(37,474)	(123,302)	(123,248)
Depreciation, amortization and write-down of intangibles	8,898	6,115	24,486	15,984
Capital expenditures	13,895	$ 11,171	34,031	$ 46,845
Assets	$ 311,031		$ 311,031		$ 265,427

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 2,626	$ 2,000	$ 7,439	$ 6,948
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			912,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Based, Grants in Period			641,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			424,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum			35.88%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum			44.02%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum			0.79%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum			1.85%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate, Minimum			2.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate, Maximum			6.40%
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			5 years 9 months
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 11.68
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			2.96
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 9.20
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	Sep. 30, 2016 USD ($)
Guarantor Obligations [Line Items]
Maximum financing amount	$ 47.0
Amount outstanding	4.4
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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net earnings (loss)	$ 6,181	$ (4,092)	$ 41,188	$ 46,353
Basic weighted average shares	53,155,000	53,060,000	53,111,000	53,044,000
Basic earnings (loss) per common share	$ 0.12	$ (0.08)	$ 0.78	$ 0.87
Effect of dilutive stock options	299,000	273,000	281,000	313,000
Diluted weighted average shares		53,333,000		53,357,000
Diluted earnings (loss) per common share	$ 0.12	$ (0.08)	$ 0.77	$ 0.87
Earnings Per Share (Details) [Abstract]
Number of anti-dilutive stock awards	3,999,515	2,676,685	3,431,945

- Definition

The amount of net income (loss) for the period per each share of common stock or unit 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 + Details