XML 65 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Progressive Acquisition Narrative (Details) (USD $)
3 Months Ended 12 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended 6 Months Ended 1 Months Ended
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Apr. 14, 2014
retail_location
state
Dec. 31, 2014
Dec. 31, 2014
Sep. 30, 2014
Jan. 31, 2015
Business Acquisition [Line Items]                      
Acquisitions of businesses and contracts       $ 700,509,000us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired $ 10,898,000us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired $ 30,799,000us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired          
Progressive-related transaction costs 371,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 5,500,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 803,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 6,638,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 0us-gaap_BusinessCombinationAcquisitionRelatedCosts 0us-gaap_BusinessCombinationAcquisitionRelatedCosts          
Progressive Finance Holdings, LLC                      
Business Acquisition [Line Items]                      
Pro forma information, earnings or loss of acquiree since acquisition date, actual       549,500,000us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
             
Pro forma information, income taxes of acquiree since acquisition date, actual       4,600,000aan_BusinessCombinationProFormaInformationIncomeTaxesofAcquireesinceAcquisitionDateActual
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
             
Business acquisition, percentage of voting interests acquired             100.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Estimated Purchase Price             705,810,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[1]        
Cash acquired from acquisition             5,800,000us-gaap_CashAcquiredFromAcquisition
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Number of retail locations (over 15,000)             15,000us-gaap_NumberOfBusinessesAcquired
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Number of states in which entity operates             46us-gaap_NumberOfStatesInWhichEntityOperates
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Deferred Cash Consideration             29,106,000aan_BusinessCombinationConsiderationTransferredDeferredConsideration
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Cash Consideration             185,454,000us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Receivables       27,581,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2]     27,581,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[1],[2] 27,581,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2] 27,581,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2]    
Customer receivables, gross             22,700,000aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedCurrentAssetsCustomerReceivablesGross
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Customer receivables, allowance for doubtful accounts             10,900,000aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedCurrentAssetsCustomerReceivablesAllowanceforDoubtfulAccounts
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Business acquisition, goodwill, expected tax deductible amount             245,800,000us-gaap_BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
       
Goodwill               (8,000,000)aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentGoodwill
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3],[4] 11,226,000aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentGoodwill
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3],[4]    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life             10 years 7 months 6 days        
Progressive-related transaction costs       6,600,000us-gaap_BusinessCombinationAcquisitionRelatedCosts
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
             
Debt issuance cost       2,300,000us-gaap_DebtIssuanceCosts
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
             
Proceeds from Long-term Debt       (491,300,000)us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
             
Progressive Finance Holdings, LLC | Escrow Deposit [Member]                      
Business Acquisition [Line Items]                      
Deferred Cash Consideration                   3,300,000aan_BusinessCombinationConsiderationTransferredDeferredConsideration
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
/ us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis
= aan_EscrowDepositMember
 
Progressive Finance Holdings, LLC | Primary Escrow Deposit                      
Business Acquisition [Line Items]                      
Cash Consideration             35,800,000us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
/ us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis
= aan_PrimaryEscrowDepositMember
       
Escrow deposit, distribution term             15 months        
Progressive Finance Holdings, LLC | Secondary Escrow Deposit                      
Business Acquisition [Line Items]                      
Cash Consideration             15,800,000us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
/ us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis
= aan_SecondaryEscrowDepositMember
       
Escrow deposit, distribution term             36 months        
Receivables             15,800,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
/ us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis
= aan_SecondaryEscrowDepositMember
       
Progressive Finance Holdings, LLC | Forecast                      
Business Acquisition [Line Items]                      
Deferred Cash Consideration                     $ 3,600,000aan_BusinessCombinationConsiderationTransferredDeferredConsideration
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
[1] As previously reported in the notes to consolidated financial statements included in our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2014.
[2] Receivables include $15.8 million related to the secondary escrow amount, which the Company expects to recover prior to termination of the escrow agreement 36 months from the April 14, 2014 closing date. The gross amount due under customer-related receivables acquired was $22.7 million, of which $10.9 million was expected to be uncollectible.
[3] The total goodwill recognized in conjunction with the Progressive acquisition has been assigned to the Progressive operating segment. Of the goodwill recognized as part of this acquisition, $245.8 million is expected to be deductible for tax purposes. The primary reasons the purchase price of the acquisition exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, is related to synergistic value created from the combination of Progressive’s virtual customer payment capabilities with the Company’s leading traditional lease-to-own model. Goodwill also includes certain other intangible assets that do not qualify for separate recognition, such as an assembled workforce.The Company has made certain estimates in its acquisition accounting r
[4] The measurement period adjustments primarily related to the resolution of certain sales tax exposures and other tax contingencies subsequent to the acquisition date, which also impacted the fair value estimates of lease merchandise, as well as the finalization of appraisals of intangible assets by the Company’s independent consultants.