Business And Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Store Count by Ownership Type

The following table presents store count by ownership type:

Stores at December 31 (Unaudited)	2012		2011		2010
Company-operated stores
Sales and Lease Ownership		1,227		1,144		1,135
RIMCO		19		16		11
HomeSmart		78		71		3
Aaron’s Office Furniture		—		1		1
Total Company-operated stores		1,324		1,232		1,150
Franchised stores1		749		713		664
Systemwide stores		2,073		1,945		1,814

¹  As of December 31, 2012, 2011 and 2010, 929, 943 and 946 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):

	2012		2011		2010
Weighted average shares outstanding		75,820		78,101		81,194
Effect of dilutive securities:
Stock options		789		998		745
RSUs		210		237		25
RSAs		7		3		138
Weighted average shares outstanding assuming dilution		76,826		79,339		82,102

Accounts Receivable Net of Allowances

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

(In Thousands)	2012		2011
Customers	$	7,840	$	5,384
Corporate		17,215		29,650
Franchisee		49,102		52,437
	$	74,157	$	87,471

Allowance for Doubtful Accounts

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

(In Thousands)	2012			2011			2010
Beginning Balance	$	4,768		$	4,544		$	4,157
Accounts written off		(30,609	)		(25,178	)		(23,601	)
Bad debt expense		31,842			25,402			23,988
Ending Balance	$	6,001		$	4,768		$	4,544

Summary of Goodwill by Reporting Unit

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

(In Thousands)	2012		2011
Sales and Lease Ownership	$	219,547	$	205,509
HomeSmart		14,648		13,833
Total	$	234,195	$	219,342