XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Store        
Rentals and fees $ 575,411 $ 645,710 $ 1,170,825 $ 1,320,005
Merchandise sales 76,773 76,777 198,495 208,484
Installment sales 17,657 17,672 34,414 36,092
Other 2,519 3,280 5,171 7,368
Total store revenues 672,360 743,439 1,408,905 1,571,949
Franchise        
Merchandise sales 3,214 4,023 6,535 8,970
Royalty income and fees 2,061 2,157 4,181 4,352
Total revenues 677,635 749,619 1,419,621 1,585,271
Store        
Cost of rentals and fees 159,276 169,139 321,309 345,380
Cost of merchandise sold 77,055 70,903 186,179 184,789
Cost of installment sales 5,708 5,662 10,892 11,687
Total cost of store revenues 242,039 245,704 518,380 541,856
Franchise        
Franchise cost of merchandise sold 3,063 3,757 6,045 8,313
Total cost of revenues 245,102 249,461 524,425 550,169
Gross profit 432,533 500,158 895,196 1,035,102
Operating expenses        
Labor 179,447 199,992 371,554 409,379
Other store expenses 177,050 192,856 374,490 404,663
General and administrative expenses 47,097 40,135 86,869 83,196
Depreciation, amortization and impairment of intangibles 18,708 20,776 37,249 40,600
Other charges 11,104 18,849 24,755 21,284
Total operating expenses 433,406 472,608 894,917 959,122
Operating (loss) profit (873) 27,550 279 75,980
Debt refinancing charges 1,936 0 1,936 0
Interest expense 11,263 11,737 22,893 23,714
Interest income (159) (108) (315) (205)
(Loss) earnings before income taxes (13,913) 15,921 (24,235) 52,471
Income tax (benefit) expense (5,020) 5,975 (8,663) 17,464
Net (loss) earnings $ (8,893) $ 9,946 $ (15,572) $ 35,007
Basic (loss) earnings per common share $ (0.17) $ 0.19 $ (0.29) $ 0.66
Diluted (loss) earnings per common share (0.17) 0.19 (0.29) 0.66
Cash dividends declared per common share $ 0.08 $ 0.08 $ 0.16 $ 0.16