10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000933036-17-000033 |
| Period End Date | 20170331 |
| Filing Date | 20170505 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | rcii-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$3.09M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$3.59M | USD | Point-in-time |
| Property assets, accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$522.10M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$60.36M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.36M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$58.13M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$95.40M | USD | Point-in-time |
| Property assets, accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$537.10M | USD | Point-in-time |
| Receivables, net of allowance for doubtful accounts of $3,089 and $3,593 in 2017 and 2016, respectively |
AccountsReceivableNet
|
$69.78M | USD | Point-in-time |
| Receivables, net of allowance for doubtful accounts of $3,089 and $3,593 in 2017 and 2016, respectively |
AccountsReceivableNet
|
$66.61M | 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 |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$54.99M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$52.16M | USD | Point-in-time |
| Common stock - shares authorized |
CommonStockSharesAuthorized
|
250.00M | shares | Point-in-time |
| Common stock - shares authorized |
CommonStockSharesAuthorized
|
250.00M | shares | Point-in-time |
| Common stock - shares issued |
CommonStockSharesIssued
|
109.52M | shares | Point-in-time |
| Common stock - shares issued |
CommonStockSharesIssued
|
109.57M | shares | Point-in-time |
| Treasury stock - shares at cost |
TreasuryStockShares
|
56.37M | shares | Point-in-time |
| On rent |
RentalMerchandiseOnRentNet
|
$754.82M | USD | Point-in-time |
| On rent |
RentalMerchandiseOnRentNet
|
$795.12M | USD | Point-in-time |
| Treasury stock - shares at cost |
TreasuryStockShares
|
56.37M | shares | Point-in-time |
| Held for rent |
RentalMerchandiseHeldForRentNet
|
$190.63M | USD | Point-in-time |
| Held for rent |
RentalMerchandiseHeldForRentNet
|
$206.84M | USD | Point-in-time |
| Merchandise held for installment sale |
RetailRelatedInventoryMerchandise
|
$3.63M | USD | Point-in-time |
| Merchandise held for installment sale |
RetailRelatedInventoryMerchandise
|
$3.67M | USD | Point-in-time |
| Property assets, net of accumulated depreciation of $537,102 and $522,101 in 2017 and 2016, respectively |
PropertyPlantAndEquipmentNet
|
$316.43M | USD | Point-in-time |
| Property assets, net of accumulated depreciation of $537,102 and $522,101 in 2017 and 2016, respectively |
PropertyPlantAndEquipmentNet
|
$312.68M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$55.31M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$55.31M | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$966.00K | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$5.25M | USD | Point-in-time |
| Total Assets |
Assets
|
$1.49B | USD | Point-in-time |
| Total Assets |
Assets
|
$1.60B | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableCurrentAndNoncurrent
|
$82.63M | USD | Point-in-time |
| Accounts payable - trade |
AccountsPayableCurrentAndNoncurrent
|
$108.24M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$332.20M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$340.43M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilities
|
$173.14M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilities
|
$160.06M | USD | Point-in-time |
| Senior debt, net |
SecuredDebtNet
|
$115.62M | USD | Point-in-time |
| Senior debt, net |
SecuredDebtNet
|
$186.75M | USD | Point-in-time |
| Senior notes, net |
SeniorNotesNet
|
$537.80M | USD | Point-in-time |
| Senior notes, net |
SeniorNotesNet
|
$537.48M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.24B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.34B | USD | Point-in-time |
| Common stock, $.01 par value; 250,000,000 shares authorized; 109,566,595 and 109,519,369 shares issued in 2017 and 2016, respectively |
CommonStockValue
|
$1.09M | USD | Point-in-time |
| Common stock, $.01 par value; 250,000,000 shares authorized; 109,566,595 and 109,519,369 shares issued in 2017 and 2016, respectively |
CommonStockValue
|
$1.09M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$827.11M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$826.01M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$800.64M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$789.68M | USD | Point-in-time |
| Treasury stock at cost, 56,369,752 shares in 2017 and 2016 |
TreasuryStockValue
|
$1.35B | USD | Point-in-time |
| Treasury stock at cost, 56,369,752 shares in 2017 and 2016 |
TreasuryStockValue
|
$1.35B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
$-10.68M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
$-16.23M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$264.93M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$258.44M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.49B | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.60B | USD | Point-in-time |
Income Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rentals and fees |
RentalsAndFees
|
$595.41M | USD | 1 Quarter |
| Rentals and fees |
RentalsAndFees
|
$674.29M | USD | 1 Quarter |
| Merchandise sales |
MerchandiseSales
|
$131.71M | USD | 1 Quarter |
| Merchandise sales |
MerchandiseSales
|
$121.72M | USD | 1 Quarter |
| Installment sales |
InstallmentSales
|
$18.42M | USD | 1 Quarter |
| Installment sales |
InstallmentSales
|
$16.76M | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$2.65M | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$4.09M | USD | 1 Quarter |
| Total store revenues |
Storerevenues
|
$828.51M | USD | 1 Quarter |
| Total store revenues |
Storerevenues
|
$736.54M | USD | 1 Quarter |
| Merchandise sales |
FranchiseMerchandiseSales
|
$3.32M | USD | 1 Quarter |
| Merchandise sales |
FranchiseMerchandiseSales
|
$4.95M | USD | 1 Quarter |
| Royalty income and fees |
FranchiseRoyaltyIncomeAndFees
|
$2.19M | USD | 1 Quarter |
| Royalty income and fees |
FranchiseRoyaltyIncomeAndFees
|
$2.12M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$835.65M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$741.99M | USD | 1 Quarter |
| Cost of rentals and fees |
CostOfRentalsAndFees
|
$176.24M | USD | 1 Quarter |
| Cost of rentals and fees |
CostOfRentalsAndFees
|
$162.03M | USD | 1 Quarter |
| Cost of merchandise sold |
CostOfMerchandiseSold
|
$109.12M | USD | 1 Quarter |
| Cost of merchandise sold |
CostOfMerchandiseSold
|
$113.89M | USD | 1 Quarter |
| Cost of installment sales |
CostOfInstallmentSales
|
$5.18M | USD | 1 Quarter |
| Cost of installment sales |
CostOfInstallmentSales
|
$6.03M | USD | 1 Quarter |
| Total cost of store revenues |
Costofstorerevenues
|
$276.34M | USD | 1 Quarter |
| Total cost of store revenues |
Costofstorerevenues
|
$296.15M | USD | 1 Quarter |
| Franchise cost of merchandise sold |
FranchiseCostOfMerchandiseSold
|
$2.98M | 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
|
$279.32M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$462.66M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$534.94M | USD | 1 Quarter |
| Labor |
StoreLaborExpenses
|
$209.39M | USD | 1 Quarter |
| Labor |
StoreLaborExpenses
|
$192.11M | USD | 1 Quarter |
| Other store expenses |
OtherStoreExpenses
|
$197.44M | USD | 1 Quarter |
| Other store expenses |
OtherStoreExpenses
|
$211.81M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$39.77M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$43.06M | USD | 1 Quarter |
| Depreciation, amortization and impairment of intangibles |
DepreciationAmortizationandWritedownofIntangibles
|
$19.82M | USD | 1 Quarter |
| Depreciation, amortization and impairment of intangibles |
DepreciationAmortizationandWritedownofIntangibles
|
$18.54M | USD | 1 Quarter |
| Other charges |
RestructuringCostsAndAssetImpairmentCharges
|
$2.44M | USD | 1 Quarter |
| Other charges |
RestructuringCostsAndAssetImpairmentCharges
|
$13.65M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$486.51M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$461.51M | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$48.43M | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$1.15M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.98M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.63M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$156.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$97.00K | USD | 1 Quarter |
| (Loss) earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-10.32M | USD | 1 Quarter |
| (Loss) earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$36.55M | USD | 1 Quarter |
| Income tax (benefit) expense |
IncomeTaxExpenseBenefit
|
$11.49M | USD | 1 Quarter |
| Income tax (benefit) expense |
IncomeTaxExpenseBenefit
|
$-3.64M | USD | 1 Quarter |
| Net (loss) earnings |
NetIncomeLoss
|
$-6.68M | USD | 1 Quarter |
| Net (loss) earnings |
NetIncomeLoss
|
$25.06M | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$0.47 | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.13 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.13 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$0.47 | USD | 1 Quarter |
| Cash dividends declared per common share |
CommonStockDividendsPerShareCashPaid
|
$0.08 | USD | 1 Quarter |
| Cash dividends declared per common share |
CommonStockDividendsPerShareCashPaid
|
$0.08 | USD | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) earnings |
NetIncomeLoss
|
$-6.68M | USD | 1 Quarter |
| Net (loss) earnings |
NetIncomeLoss
|
$25.06M | USD | 1 Quarter |
| Depreciation of rental merchandise |
DepreciationOfRentalMerchandise
|
$174.07M | USD | 1 Quarter |
| Depreciation of rental merchandise |
DepreciationOfRentalMerchandise
|
$160.49M | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$3.63M | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$3.42M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$-698.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$2.35M | USD | 1 Quarter |
| Depreciation of property assets |
Depreciation
|
$19.11M | USD | 1 Quarter |
| Depreciation of property assets |
Depreciation
|
$18.21M | USD | 1 Quarter |
| Loss on sale or disposal of property assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-755.00K | USD | 1 Quarter |
| Loss on sale or disposal of property assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-386.00K | USD | 1 Quarter |
| Amortization and impairment of intangibles |
AmortizationOfIntangibleAssets
|
$518.00K | USD | 1 Quarter |
| Amortization and impairment of intangibles |
AmortizationOfIntangibleAssets
|
$4.23M | USD | 1 Quarter |
| Amortization of financing fees |
AmortizationOfFinancingCosts
|
$756.00K | USD | 1 Quarter |
| Amortization of financing fees |
AmortizationOfFinancingCosts
|
$779.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-9.80M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-13.09M | USD | 1 Quarter |
| Rental merchandise |
IncreaseDecreaseInRentalMerchandise
|
$104.59M | USD | 1 Quarter |
| Rental merchandise |
IncreaseDecreaseInRentalMerchandise
|
$112.20M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$2.24M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$243.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.89M | 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
|
$-25.61M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$31.06M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$19.48M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$59.32M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$226.66M | USD | 1 Quarter |
| Purchase of property assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$22.05M | USD | 1 Quarter |
| Purchase of property assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$14.44M | USD | 1 Quarter |
| Proceeds from sale of stores |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$475.00K | USD | 1 Quarter |
| Proceeds from sale of stores |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.10M | USD | 1 Quarter |
| Acquisitions of businesses |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | 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
|
$-21.57M | USD | 1 Quarter |
| Shares withheld for employee tax withholdings |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$187.00K | USD | 1 Quarter |
| Shares withheld for employee tax withholdings |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$148.00K | USD | 1 Quarter |
| Proceeds from debt |
ProceedsFromIssuanceOfSecuredDebt
|
$86.38M | USD | 1 Quarter |
| Proceeds from debt |
ProceedsFromIssuanceOfSecuredDebt
|
$7.41M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfSecuredDebt
|
$157.94M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfSecuredDebt
|
$219.54M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$12.77M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$4.27M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-225.05M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-76.02M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$368.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.00M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-37.27M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-14.00M | 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
|
$58.13M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$95.40M | 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
|
$58.13M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$95.40M | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) earnings |
NetIncomeLoss
|
$-6.68M | USD | 1 Quarter |
| Net (loss) earnings |
NetIncomeLoss
|
$25.06M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$2.45M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$5.55M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.45M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$5.55M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$27.51M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$-1.12M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.