Repurchases of Outstanding Securities	6 Months Ended
Jun. 30, 2013
Repurchases of Outstanding Securities [Abstract]
Repurchases of Outstanding Securities	Repurchases of Outstanding Securities. Under our current common stock repurchase program, our Board of Directors has authorized the purchase, from time to time, in the open market and privately negotiated transactions, of up to an aggregate of $1.25 billion of Rent-A-Center common stock. On May 2, 2013, we entered into an agreement with Goldman, Sachs & Co. ("Goldman Sachs") to repurchase $200.0 million of Rent-A-Center common stock under an accelerated stock buyback program ("the ASB transaction"). Under the agreement, we paid $200.0 million to Goldman Sachs on May 7, 2013, and we received an initial share delivery of 4,592,423 shares, currently estimated to represent 80% of shares expected to be purchased in the ASB transaction. The weighted value of these shares immediately reduced weighted-average shares outstanding in our calculation of earnings per share. The total number of shares that we ultimately buy back will be determined based on a forward contract for the remaining 20% of the ASB transaction. The number of our shares we will receive under this forward contract will be based on the average of the daily volume-weighted average share price of our common stock over the duration of the ASB transaction, less an agreed discount, and is subject to certain adjustments under the agreement. The agreement contemplates that final settlement is expected to occur in or before February 2014, although the completion date may be accelerated or extended. At settlement, we may be entitled to receive additional shares of Rent-A-Center common stock from Goldman Sachs or, under certain circumstances, may be required to deliver shares or make a cash payment (at our option) to Goldman Sachs. Our consolidated balance sheet as of June 30, 2013, reflects $160.0 million in treasury stock and $40.0 million in additional paid-in capital. Upon final settlement, $40.0 million will be reclassified from additional paid-in capital to treasury stock. We have repurchased a total of 36,177,737 shares and 31,120,279 shares of Rent-A-Center common stock for an aggregate purchase price of $994.8 million and $777.3 million as of June 30, 2013, and December 31, 2012, respectively, under our common stock repurchase program.

Repurchases of Outstanding Securities.

Under our current common stock repurchase program, our Board of Directors has authorized the purchase, from time to time, in the open market and privately negotiated transactions, of up to an aggregate of $1.25 billion of Rent-A-Center common stock. On May 2, 2013, we entered into an agreement with Goldman, Sachs & Co. ("Goldman Sachs") to repurchase $200.0 million of Rent-A-Center common stock under an accelerated stock buyback program ("the ASB transaction"). Under the agreement, we paid $200.0 million to Goldman Sachs on May 7, 2013, and we received an initial share delivery of 4,592,423 shares, currently estimated to represent 80% of shares expected to be purchased in the ASB transaction. The weighted value of these shares immediately reduced weighted-average shares outstanding in our calculation of earnings per share. The total number of shares that we ultimately buy back will be determined based on a forward contract for the remaining 20% of the ASB transaction. The number of our shares we will receive under this forward contract will be based on the average of the daily volume-weighted average share price of our common stock over the duration of the ASB transaction, less an agreed discount, and is subject to certain adjustments under the agreement. The agreement contemplates that final settlement is expected to occur in or before February 2014, although the completion date may be accelerated or extended. At settlement, we may be entitled to receive additional shares of Rent-A-Center common stock from Goldman Sachs or, under certain circumstances, may be required to deliver shares or make a cash payment (at our option) to Goldman Sachs. Our consolidated balance sheet as of June 30, 2013, reflects $160.0 million in treasury stock and $40.0 million in additional paid-in capital. Upon final settlement, $40.0 million will be reclassified from additional paid-in capital to treasury stock.

We have repurchased a total of 36,177,737 shares and 31,120,279 shares of Rent-A-Center common stock for an aggregate purchase price of $994.8 million and $777.3 million as of June 30, 2013, and December 31, 2012, respectively, under our common stock repurchase program.