Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax (Tables) [Abstract]

Reconciliation of Income Tax Expense

A reconciliation of the federal statutory rate of 35% to actual follows:

	Year Ended December 31,
	2012		2011		2010
Tax at statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.5	%	1.9	%	2.9	%
Effect of foreign operations, net of foreign tax credits	(0.2	)%	0.3	%	0.5	%
Other, net	(0.2	)%	(1.4	)%	(0.9	)%
Total	36.1	%	35.8	%	37.5	%

Components of Income Tax Expense

The components of income tax expense are as follows:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Current expense
Federal	$	86,839		$	4,154		$	749
State	10,428			6,547			8,656
Foreign	3,100			3,762			4,220
Total current	100,367			14,463			13,625
Deferred expense
Federal	7,538			76,936			85,866
State	(4,006		)	1,145			3,624
Foreign	(142		)	(631		)	—
Total deferred	3,390			77,450			89,490
Total	$	103,757		$	91,913		$	103,115

Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) consist of the following:

	December 31,
	2012			2011
	(In thousands)
Deferred tax assets
Federal net operating loss carryforwards	$	7,873		$	63,057
State net operating loss carryforwards	14,711			16,506
Foreign net operating loss carryforwards	—			2,989
Accrued liabilities	49,426			48,928
Other assets including credits	1,402			65
Foreign tax credit carryforwards	6,771			4,434
	80,183			135,979
Valuation allowance	(319		)	(930		)
Deferred tax liabilities
Rental merchandise	(252,464		)	(327,222		)
Property assets	(32,815		)	(25,508		)
Intangible assets	(97,695		)	(80,030		)
	(382,974		)	(432,760		)
Net deferred taxes	$	(303,110	)	$	(297,711	)

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:

	(In thousands)
Balance at January 1, 2011	$	6,675
Additions based on tax positions related to current year	800
Additions for tax positions of prior years	2,650
Reductions for tax positions of prior years	(152		)
Settlements	(317		)
Balance at January 1, 2012	9,656
Additions for tax positions of prior years	1,411
Reductions for tax positions of prior years	(489		)
Settlements	(411		)
Balance at December 31, 2012	$	10,167