XML 22 R28.htm IDEA: XBRL DOCUMENT v2.4.1.9
Acquisitions - Progressive Acquisition Fair Value of Assets Acquired and Liabilities Assumed (Details) (USD $)
In Thousands, unless otherwise specified
0 Months Ended 12 Months Ended
Apr. 14, 2014
Mar. 31, 2015
Dec. 31, 2014
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]      
Goodwill   $ 529,806us-gaap_Goodwill $ 530,670us-gaap_Goodwill
Progressive Finance Holdings, LLC      
Business Acquisition [Line Items]      
Purchase Price 705,810us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
705,810us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]      
Cash and Cash Equivalents 5,810us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
5,810us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Receivables 27,581us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[1],[2],[3] 25,225us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[1],[3]  
Lease Merchandise 141,185aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLeaseMerchandise
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2],[3] 141,295aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLeaseMerchandise
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Property, Plant and Equipment 4,010us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2] 4,010us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Other Intangibles 325,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2],[4] 325,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[4]  
Prepaid Expenses and Other Assets 893us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2] 893us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Total Identifiable Assets Acquired 504,479us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2] 502,233us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]      
Accounts Payable and Accrued Expenses (29,104)aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2],[3] (26,055)aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Deferred Income Taxes Payable2 (48,749)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2],[3] (49,775)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Customer Deposits and Advance Payments (10,000)aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDeferredRevenueAndDeposits
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2] (10,000)aan_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDeferredRevenueAndDeposits
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Total Liabilities Assumed (87,853)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2] (85,830)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Goodwill 289,184us-gaap_Goodwill
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2],[5] 289,407us-gaap_Goodwill
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[5]  
Net Assets Acquired 705,810us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[2] 705,810us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
 
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]      
Receivables   (2,356)aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentReceivables
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[1],[3]  
Lease Merchandise   110aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentLeaseMerchandise
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Total Identifiable Assets Acquired   (2,246)aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentAssets
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Accounts Payable And Accrued Expenses   3,049aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentAccountsPayableAndAccruedExpenses
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Deferred Income Taxes Payable2   (1,026)aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentDeferredTaxLiabilitiesNoncurrent
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Total Liabilities Assumed   2,023aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentLiabilities
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3]  
Goodwill   $ 223aan_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentGoodwill
/ us-gaap_BusinessAcquisitionAxis
= aan_ProgressiveFinanceHoldingsLLCMember
[3],[5]  
[1] Receivables include $13.4 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.
[2] As previously reported in the notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2014.
[3] The measurement period adjustments related to the resolution of income tax uncertainties and sales tax exposures, which also impacted the fair value estimates of lease merchandise and receivables related to the secondary escrow amount, subsequent to the acquisition date.
[4] Identifiable intangible assets are further disaggregated in the following table.
[5] 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, $246.0 million is expected to be deductible for tax purposes. The primary reason 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.