Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
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REVENUES: | ||||
Revenues | $ 1,052,297 | $ 963,808 | $ 3,183,690 | $ 2,944,052 |
COSTS AND EXPENSES: | ||||
Depreciation of Lease Merchandise | 527,883 | 489,199 | 1,672,841 | 1,464,887 |
Operating Expenses | 342,896 | 383,264 | 1,099,716 | 1,154,056 |
Restructuring Expenses, Net | 4,041 | 5,516 | 33,318 | 37,535 |
Legal and Regulatory Expense, Net of Recoveries | (835) | 0 | (835) | 0 |
Impairment of Goodwill | 0 | 0 | 446,893 | 0 |
Other Operating Income, Net | (202) | (329) | (128) | (4,712) |
Costs and Expenses, Total | 910,685 | 908,305 | 3,357,531 | 2,754,848 |
OPERATING PROFIT (LOSS) | 141,612 | 55,503 | (173,841) | 189,204 |
Interest Income | 141 | 360 | 560 | 1,405 |
Interest Expense | (1,973) | (3,991) | (8,625) | (13,247) |
Other Non-Operating Income (Expense), Net | 557 | (207) | 327 | 1,430 |
EARNINGS (LOSS) BEFORE INCOME TAXES | 140,337 | 51,665 | (181,579) | 178,792 |
INCOME TAX EXPENSE (BENEFIT) | 30,992 | 11,864 | (79,296) | 40,263 |
NET EARNINGS (LOSS) | $ 109,345 | $ 39,801 | $ (102,283) | $ 138,529 |
EARNINGS (LOSS) PER SHARE | ||||
Basic (in dollars per share) | $ 1.62 | $ 0.59 | $ (1.52) | $ 2.05 |
Assuming Dilution (in dollars per share) | 1.60 | 0.58 | (1.52) | 2.02 |
CASH DIVIDENDS DECLARED PER SHARE: | ||||
Common Stock (in dollars per share) | $ 0.040 | $ 0.035 | $ 0.120 | $ 0.105 |
WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||
Basic (in shares) | 67,398 | 67,400 | 67,107 | 67,461 |
Assuming Dilution (in shares) | 68,155 | 68,652 | 67,107 | 68,739 |
Lease Revenues and Fees | ||||
REVENUES: | ||||
Revenues | $ 985,287 | $ 906,776 | $ 3,003,187 | $ 2,758,498 |
Retail Sales | ||||
REVENUES: | ||||
Revenues | 13,553 | 8,854 | 37,104 | 30,561 |
COSTS AND EXPENSES: | ||||
Costs of Sales | 7,793 | 5,742 | 23,720 | 20,025 |
Non-Retail Sales | ||||
REVENUES: | ||||
Revenues | 34,820 | 31,085 | 94,710 | 102,190 |
COSTS AND EXPENSES: | ||||
Costs of Sales | 29,109 | 24,913 | 82,006 | 83,057 |
Franchise Royalties and Fees | ||||
REVENUES: | ||||
Revenues | 8,079 | 8,087 | 18,168 | 25,899 |
Interest and Fees on Loans Receivable | ||||
REVENUES: | ||||
Revenues | 10,233 | 8,687 | 29,555 | 25,943 |
Other | ||||
REVENUES: | ||||
Revenues | $ 325 | $ 319 | $ 966 | $ 961 |
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- Definition Cash Dividends Declared Per Share [Abstract] No definition available.
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- Definition Depreciation Of Lease Merchandise. No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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