10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000933036-16-000050 |
| Period End Date | 20160331 |
| Filing Date | 20160429 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | rcii-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$3.39M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$3.61M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$60.36M | USD | Point-in-time |
| Accumulated depreciation, property assets |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$482.45M | USD | Point-in-time |
| Accumulated depreciation, property assets |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$498.68M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.36M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.13M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$93.11M | USD | Point-in-time |
| Receivables, net of allowance for doubtful accounts of $3,388 in 2016 and $3,614 in 2015 |
AccountsReceivableNet
|
$69.32M | USD | Point-in-time |
| Receivables, net of allowance for doubtful accounts of $3,388 in 2016 and $3,614 in 2015 |
AccountsReceivableNet
|
$67.93M | USD | Point-in-time |
| Common stock - par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock - par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock - shares authorized |
CommonStockSharesAuthorized
|
250.00M | shares | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$62.15M | USD | Point-in-time |
| Common stock - shares authorized |
CommonStockSharesAuthorized
|
250.00M | shares | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$158.81M | USD | Point-in-time |
| Common stock - shares issued |
CommonStockSharesIssued
|
109.46M | shares | Point-in-time |
| Common stock - shares issued |
CommonStockSharesIssued
|
109.44M | shares | Point-in-time |
| Treasury stock - shares at cost |
TreasuryStockShares
|
56.37M | shares | Point-in-time |
| On rent |
RentalMerchandiseOnRentNet
|
$907.62M | USD | Point-in-time |
| On rent |
RentalMerchandiseOnRentNet
|
$822.82M | USD | Point-in-time |
| Treasury stock - shares at cost |
TreasuryStockShares
|
56.37M | shares | Point-in-time |
| Held for rent |
RentalMerchandiseHeldForRentNet
|
$251.33M | USD | Point-in-time |
| Held for rent |
RentalMerchandiseHeldForRentNet
|
$228.85M | USD | Point-in-time |
| Merchandise held for installment sale |
RetailRelatedInventoryMerchandise
|
$4.67M | USD | Point-in-time |
| Merchandise held for installment sale |
RetailRelatedInventoryMerchandise
|
$5.01M | USD | Point-in-time |
| Property assets, net of accumulated depreciation of $498,683 in 2016 and $482,448 in 2015 |
PropertyPlantAndEquipmentNet
|
$325.56M | USD | Point-in-time |
| Property assets, net of accumulated depreciation of $498,683 in 2016 and $482,448 in 2015 |
PropertyPlantAndEquipmentNet
|
$330.94M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$206.12M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$207.13M | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$7.13M | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$7.78M | USD | Point-in-time |
| Total Assets |
Assets
|
$1.80B | USD | Point-in-time |
| Total Assets |
Assets
|
$1.97B | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableCurrentAndNoncurrent
|
$96.36M | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableCurrentAndNoncurrent
|
$93.33M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$352.43M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$332.55M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilities
|
$109.44M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilities
|
$119.25M | USD | Point-in-time |
| SecuredDebtNet |
SecuredDebtNet
|
$419.65M | USD | Point-in-time |
| SecuredDebtNet |
SecuredDebtNet
|
$207.97M | USD | Point-in-time |
| Senior notes |
SeniorNotes
|
$542.74M | USD | Point-in-time |
| Senior notes |
SeniorNotes
|
$542.74M | USD | Point-in-time |
| SeniorNotesNet |
SeniorNotesNet
|
$536.18M | USD | Point-in-time |
| SeniorNotesNet |
SeniorNotesNet
|
$536.51M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.30B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.50B | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $.01 par value; 250,000,000 shares authorized; 109,461,602 and 109,441,911 shares issued in 2016 and 2015, respectively |
CommonStockValue
|
$1.09M | USD | Point-in-time |
| Common stock, $.01 par value; 250,000,000 shares authorized; 109,461,602 and 109,441,911 shares issued in 2016 and 2015, respectively |
CommonStockValue
|
$1.09M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$820.35M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$818.34M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.01B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.03B | USD | Point-in-time |
| Treasury stock at cost, 56,369,752 shares in 2016 and 2015 |
TreasuryStockValue
|
$1.35B | USD | Point-in-time |
| Treasury stock at cost, 56,369,752 shares in 2016 and 2015 |
TreasuryStockValue
|
$1.35B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
$-11.04M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
$-8.59M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$495.74M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$470.48M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.97B | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.80B | USD | Point-in-time |
Income Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rentals and fees |
RentalsAndFees
|
$674.29M | USD | 1 Quarter |
| Rentals and fees |
RentalsAndFees
|
$711.45M | USD | 1 Quarter |
| Merchandise sales |
MerchandiseSales
|
$131.71M | USD | 1 Quarter |
| Merchandise sales |
MerchandiseSales
|
$136.28M | USD | 1 Quarter |
| Installment sales |
InstallmentSales
|
$18.25M | USD | 1 Quarter |
| Installment sales |
InstallmentSales
|
$18.42M | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$5.43M | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$4.09M | USD | 1 Quarter |
| Total store revenues |
Storerevenues
|
$871.41M | USD | 1 Quarter |
| Total store revenues |
Storerevenues
|
$828.51M | USD | 1 Quarter |
| Merchandise sales |
FranchiseMerchandiseSales
|
$4.39M | USD | 1 Quarter |
| Merchandise sales |
FranchiseMerchandiseSales
|
$4.95M | USD | 1 Quarter |
| Royalty income and fees |
FranchiseRoyaltyIncomeAndFees
|
$1.84M | USD | 1 Quarter |
| Royalty income and fees |
FranchiseRoyaltyIncomeAndFees
|
$2.19M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$877.64M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$835.65M | USD | 1 Quarter |
| Cost of rentals and fees |
CostOfRentalsAndFees
|
$185.12M | USD | 1 Quarter |
| Cost of rentals and fees |
CostOfRentalsAndFees
|
$176.24M | USD | 1 Quarter |
| Cost of merchandise sold |
CostOfMerchandiseSold
|
$113.89M | USD | 1 Quarter |
| Cost of merchandise sold |
CostOfMerchandiseSold
|
$117.72M | USD | 1 Quarter |
| Cost of installment sales |
CostOfInstallmentSales
|
$6.16M | USD | 1 Quarter |
| Cost of installment sales |
CostOfInstallmentSales
|
$6.03M | USD | 1 Quarter |
| Total cost of store revenues |
Costofstorerevenues
|
$296.15M | USD | 1 Quarter |
| Total cost of store revenues |
Costofstorerevenues
|
$309.00M | USD | 1 Quarter |
| Franchise cost of merchandise sold |
FranchiseCostOfMerchandiseSold
|
$4.05M | USD | 1 Quarter |
| Franchise cost of merchandise sold |
FranchiseCostOfMerchandiseSold
|
$4.56M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$300.71M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$313.05M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$564.59M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$534.94M | USD | 1 Quarter |
| Labor |
StoreLaborExpenses
|
$220.97M | USD | 1 Quarter |
| Labor |
StoreLaborExpenses
|
$209.39M | USD | 1 Quarter |
| Other store expenses |
OtherStoreExpenses
|
$211.81M | USD | 1 Quarter |
| Other store expenses |
OtherStoreExpenses
|
$224.18M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$43.06M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$42.69M | USD | 1 Quarter |
| Depreciation, amortization and write-down of intangibles |
DepreciationAmortizationandWritedownofIntangibles
|
$19.76M | USD | 1 Quarter |
| Depreciation, amortization and write-down of intangibles |
DepreciationAmortizationandWritedownofIntangibles
|
$19.82M | USD | 1 Quarter |
| Other charges |
RestructuringCostsAndAssetImpairmentCharges
|
$391.00K | USD | 1 Quarter |
| Other charges |
RestructuringCostsAndAssetImpairmentCharges
|
$2.44M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$508.00M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$486.51M | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$56.60M | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$48.43M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$12.58M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.98M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$97.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$190.00K | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$36.55M | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$44.21M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$11.49M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$16.91M | USD | 1 Quarter |
| NET EARNINGS (LOSS) |
NetIncomeLoss
|
$25.06M | USD | 1 Quarter |
| NET EARNINGS (LOSS) |
NetIncomeLoss
|
$27.30M | USD | 1 Quarter |
| Basic earnings (loss) per common share |
EarningsPerShareBasic
|
$0.51 | USD | 1 Quarter |
| Basic earnings (loss) per common share |
EarningsPerShareBasic
|
$0.47 | USD | 1 Quarter |
| Diluted earnings (loss) per common share |
EarningsPerShareDiluted
|
$0.47 | USD | 1 Quarter |
| Diluted earnings (loss) per common share |
EarningsPerShareDiluted
|
$0.51 | USD | 1 Quarter |
| Cash dividends declared per common share |
CommonStockDividendsPerShareCashPaid
|
$0.24 | USD | 1 Quarter |
| Cash dividends declared per common share |
CommonStockDividendsPerShareCashPaid
|
$0.08 | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$25.06M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$27.30M | USD | 1 Quarter |
| Depreciation of rental merchandise |
DepreciationOfRentalMerchandise
|
$174.07M | USD | 1 Quarter |
| Depreciation of rental merchandise |
DepreciationOfRentalMerchandise
|
$179.67M | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$3.71M | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$3.63M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$2.35M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$2.16M | USD | 1 Quarter |
| Depreciation of property assets |
Depreciation
|
$19.11M | USD | 1 Quarter |
| Depreciation of property assets |
Depreciation
|
$18.85M | USD | 1 Quarter |
| Loss on sale or disposal of property assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-386.00K | USD | 1 Quarter |
| Loss on sale or disposal of property assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-232.00K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$886.00K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$518.00K | USD | 1 Quarter |
| Amortization of financing fees |
AmortizationOfFinancingCosts
|
$779.00K | USD | 1 Quarter |
| Amortization of financing fees |
AmortizationOfFinancingCosts
|
$770.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-9.80M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-36.47M | USD | 1 Quarter |
| Excess tax benefit related to stock awards |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
- | USD | 1 Quarter |
| Excess tax benefit related to stock awards |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$31.00K | USD | 1 Quarter |
| Rental merchandise |
IncreaseDecreaseInRentalMerchandise
|
$156.16M | USD | 1 Quarter |
| Rental merchandise |
IncreaseDecreaseInRentalMerchandise
|
$112.20M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$2.24M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$159.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-127.25M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-96.96M | USD | 1 Quarter |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayableTrade
|
$-3.03M | USD | 1 Quarter |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayableTrade
|
$4.06M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$30.91M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$55.97M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$226.51M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$228.04M | USD | 1 Quarter |
| Purchase of property assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$14.24M | USD | 1 Quarter |
| Purchase of property assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$14.44M | USD | 1 Quarter |
| Proceeds from sale of property assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$648.00K | USD | 1 Quarter |
| Proceeds from sale of property assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.10M | USD | 1 Quarter |
| Acquisitions of businesses |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$10.66M | USD | 1 Quarter |
| Acquisitions of businesses |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$2.64M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-15.98M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-24.26M | USD | 1 Quarter |
| Exercise of stock options |
ProceedsFromStockOptionsExercised
|
$522.00K | USD | 1 Quarter |
| Exercise of stock options |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Excess tax benefit related to stock awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
- | USD | 1 Quarter |
| Excess tax benefit related to stock awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$31.00K | USD | 1 Quarter |
| Proceeds from debt |
ProceedsFromIssuanceOfSecuredDebt
|
$7.41M | USD | 1 Quarter |
| Proceeds from debt |
ProceedsFromIssuanceOfSecuredDebt
|
$158.25M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfSecuredDebt
|
$219.54M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfSecuredDebt
|
$302.31M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$12.74M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$12.77M | USD | 1 Quarter |
| Net cash provided (used in) by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-156.25M | USD | 1 Quarter |
| Net cash provided (used in) by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-224.91M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-542.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$368.00K | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-14.00M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$46.99M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$60.36M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.36M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.13M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$93.11M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$60.36M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.36M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.13M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$93.11M | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLoss
|
$25.06M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$27.30M | USD | 1 Quarter |
| Total other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-777.00K | USD | 1 Quarter |
| Total other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.45M | USD | 1 Quarter |
| COMPREHENSIVE INCOME (LOSS) |
ComprehensiveIncomeNetOfTax
|
$27.51M | USD | 1 Quarter |
| COMPREHENSIVE INCOME (LOSS) |
ComprehensiveIncomeNetOfTax
|
$26.52M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.