XML 18 R13.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Repurchases of Outstanding Securities
6 Months Ended
Jun. 30, 2011
Repurchases of Outstanding Securities [Abstract]  
Repurchases of Outstanding Securities

8.       Repurchases of Outstanding Securities. Our Board of Directors has authorized a common stock repurchase program, permitting us to purchase, from time to time, in the open market and privately negotiated transactions, up to an aggregate of $800.0 million of Rent-A-Center common stock. We have repurchased a total of 26,409,047 shares and 23,470,345 shares of Rent-A-Center common stock for an aggregate purchase price of $643.9 million and $551.2 million as of June 30, 2011 and December 31, 2010, respectively, under this common stock repurchase program. We repurchased 2,069,937 shares for $64.2 million in the second quarter of 2011. Through the six months ended June 30, 2011, we repurchased a total of 2,938,702 shares for approximately $92.8 million in cash.