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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Store        
Rentals and fees $ 658,987 $ 617,796 $ 1,336,968 $ 1,228,224
Merchandise sales 60,622 50,973 183,481 150,239
Installment sales 16,170 16,571 33,665 33,258
Other 4,537 4,143 9,469 9,482
Franchise        
Merchandise sales 8,022 7,525 18,635 16,671
Royalty income and fees 1,360 1,245 2,734 2,557
Revenues 749,698 698,253 1,584,952 1,440,431
Store        
Cost of rentals and fees 159,790 139,295 323,149 274,944
Cost of merchandise sold 49,525 39,510 144,541 108,089
Cost of installment sales 5,728 5,898 12,026 11,946
Franchise        
Franchise cost of merchandise sold 7,682 7,195 17,846 15,949
Cost of revenues 222,725 191,898 497,562 410,928
Gross profit 526,973 506,355 1,087,390 1,029,503
Operating expenses        
Salaries and other expenses 412,035 395,091 842,838 792,289
General and administrative expenses 34,430 32,047 70,675 66,600
Amortization and write-down of intangibles 1,481 1,132 2,816 1,990
Impairment charge     0 7,320
Restructuring charge 0 4,933 0 4,933
Litigation expense     0 2,800
Total operating expenses 447,946 433,203 916,329 875,932
Operating profit 79,027 73,152 171,061 153,571
Interest expense 8,343 9,613 17,320 19,373
Interest income (122) (237) (303) (391)
Earnings before income taxes 70,806 63,776 154,044 134,589
Income tax expense 26,624 23,888 57,921 50,471
NET EARNINGS $ 44,182 $ 39,888 $ 96,123 $ 84,118
Basic earnings per common share $ 0.75 $ 0.64 $ 1.62 $ 1.34
Diluted earnings per common share $ 0.74 $ 0.63 $ 1.61 $ 1.32
Cash dividends paid per common share $ 0.16 $ 0.06 $ 0.32 $ 0.12