XML 79 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Store Count (Unaudited)
 12 Months Ended
Dec. 31, 2012
Store Count (Unaudited)

NOTE 11: STORE COUNT (UNAUDITED)

The Company’s franchised store activity, Company-operated Sales & Lease Ownership store activity and Company-operated HomeSmart store activity is summarized as follows:

 

(Unaudited)

    2012     2011     2010  

Franchised stores

       

Franchised stores open at January 1,

      713        664        597   

Opened

      56        55        62   

Added through acquisition

      —          —          10   

Purchased from the Company

      3        9        10   

Purchased by the Company

      (21 )      (7 )      (12 ) 

Closed, sold or merged

      (2 )      (8 )      (3 ) 
  

 

 

    

 

 

    

 

 

  

Franchised stores open at December 31,

      749        713        664   
  

 

 

    

 

 

    

 

 

  

Company-operated Sales & Lease Ownership stores

       

Company-operated Sales & Lease Ownership stores open at January 1,

      1,160        1,146        1,082   

Opened

      76        57        86   

Added through acquisition

      21        8        14   

Closed, sold or merged

      (11 )      (51 )      (36 ) 
  

 

 

    

 

 

    

 

 

  

Company-operated Sales & Lease Ownership stores open at December 31,

      1,246        1,160        1,146   
  

 

 

    

 

 

    

 

 

  

Company-operated HomeSmart stores

       

Company-operated HomeSmart stores open at January 1,

      71        3        —     

Opened

      7        24        3   

Added through acquisition

      1        44        —     

Closed, sold or merged

      (1 )      —          —     
  

 

 

    

 

 

    

 

 

  

Company-operated HomeSmart stores open at December 31,

      78        71        3   
  

 

 

    

 

 

    

 

 

  

 

In 2012, the Sales and Lease Ownership segment acquired the lease contracts, merchandise and other related assets of 44 stores, including 21 franchised stores, and merged certain acquired stores into existing stores, resulting in a net gain of 21 stores. In 2011, the Sales and Lease Ownership segment acquired the lease contracts, merchandise and other related assets of 38 stores, including seven franchised stores, and merged certain acquired stores into existing stores, resulting in a net gain of eight stores. In 2010, the Sales and Lease Ownership segment acquired the lease contracts, merchandise and other related assets of 30 stores, including 12 franchised stores, and merged certain acquired stores into existing stores, resulting in a net gain of 14 stores.

In 2012, the HomeSmart operations acquired the lease contracts, merchandise and other related assets of four stores and merged certain acquired stores into existing stores, resulting in a net gain of one store. In 2011, HomeSmart operations acquired the lease contracts, merchandise and other related assets of 47 stores and merged certain acquired stores into existing stores, resulting in a net gain of 44 stores.