Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2013

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Summary of Acquisitions of Lease Contracts, Merchandise and Related Assets of Sales and Lease Ownership Stores

The following table summarizes the Company’s acquisitions of lease contracts, merchandise and the related assets of sales and lease ownership stores, none of which was individually material to the Company’s consolidated financial statements, during the years ended December 31:

(In Thousands, except for store data)	2013			2012		2011
Number of stores acquired, net	10			22		52
Aggregate purchase price (primarily cash consideration)	$	10,898		$	31,617	$	41,425
Purchase price allocation:
Lease Merchandise	4,016			11,936		13,385
Property, Plant and Equipment	467			739		500
Other Current Assets and Current Liabilities	(228		)	38		34
Identifiable Intangible Assets1:
Customer Relationships	557			1,725		2,675
Non-Compete Agreements	405			1,201		1,688
Acquired Franchise Development Rights	252			764		255
Goodwill2	5,429			15,214		22,888

¹ The weighted-average amortization period for the Company’s acquired intangible assets was 2.9 years, 3.1 years and 2.6 years in 2013, 2012 and 2011, respectively. The weighted-average amortization period by major intangible asset class for acquisitions completed during 2013, 2012 and 2011 was 2 years for customer relationships, 3 years for non-compete agreements and a range of 4.9 years to 6.9 years for acquired franchise development rights.

² Goodwill recognized from acquisitions primarily relates to the future strategic benefits expected to be realized upon integrating the business. All goodwill resulting from the Company’s 2013, 2012 and 2011 acquisitions is expected to be deductible for tax purposes.