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Stock Repurchase Plan
12 Months Ended
Dec. 31, 2011
Stock Repurchase Plan [Abstract]  
Stock Repurchase Plan

Note Q — Stock Repurchase Plan

 

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, up to an aggregate of $800.0 million of Rent-A-Center common stock. We have repurchased a total of 29,322,753 shares and 23,470,345 shares of Rent-A-Center common stock for an aggregate purchase price of $715.5 million and $551.2 million as of December 31, 2011 and 2010, respectively, under this common stock repurchase program. During the year ended December 31, 2011, we repurchased a total of 5,852,408 shares for approximately $164.3 million in cash.