Repurchases of Outstanding Securities

9 Months Ended

Sep. 30, 2012

Repurchases of Outstanding Securities [Abstract]

Repurchases of Outstanding Securities

7. 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 $1.0 billion of Rent-A-Center common stock. We have repurchased a total of 30,189,738 shares and 29,322,753 shares of Rent-A-Center common stock for an aggregate purchase price of $745.6 million and $715.5 million as of September 30, 2012 and December 31, 2011, respectively, under this common stock repurchase program. We repurchased 378,254 shares for $13.6 million in the third quarter of 2012. Through the nine months ended September 30, 2012, we repurchased a total of 866,985 shares for approximately $30.1 million in cash.