Business And Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

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Store Count by Ownership Type

The following table presents store count by ownership type:

Stores at December 31 (Unaudited)	2013	2012	2011
Company-operated stores
Sales and Lease Ownership	1,262	1,227	1,144
HomeSmart	81	78	71
RIMCO	27	19	16
Aaron’s Office Furniture	—	—	1
Total Company-operated stores	1,370	1,324	1,232
Franchised stores1	781	749	713
Systemwide stores	2,151	2,073	1,945

¹ As of December 31, 2013, 2012 and 2011, 940, 929 and 943 franchises had been awarded, respectively.

Calculation of Dilutive Stock Awards

The following table shows the calculation of dilutive stock awards for the years ended December 31 (shares in thousands):

	2013	2012	2011
Weighted average shares outstanding	75,747	75,820	78,101
Effect of dilutive securities:
Stock options	421	789	998
RSUs	206	210	237
RSAs	16	7	3
Weighted average shares outstanding assuming dilution	76,390	76,826	79,339

Accounts Receivable Net of Allowances

Accounts receivable, net of allowances, consists of the following as of December 31:

(In Thousands)	2013		2012
Customers	$	8,275	$	7,840
Corporate	16,730		17,215
Franchisee	43,679		49,102
	$	68,684	$	74,157

Allowance for Doubtful Accounts

The following is a summary of the Company’s allowance for doubtful accounts as of December 31:

(In Thousands)	2013			2012			2011
Beginning Balance	$	6,001		$	4,768		$	4,544
Accounts written off	(34,723		)	(30,609		)	(25,178		)
Bad debt expense	35,894			31,842			25,402
Ending Balance	$	7,172		$	6,001		$	4,768

Summary of Goodwill by Reporting Unit

The following is a summary of the Company’s goodwill by reporting unit at December 31:

(In Thousands)	2013		2012
Sales and Lease Ownership	$	224,523	$	219,547
HomeSmart	14,658		14,648
Total	$	239,181	$	234,195