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v3.5.0.2

Consolidated Statements of Earnings - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Store |  |  |  |
Rentals and fees | $ 595,179 | $ 683,343 | $ 1,915,184 | $ 2,098,918
Merchandise sales | 73,219 | 80,932 | 281,703 | 300,498
Installment sales | 17,626 | 17,786 | 53,718 | 54,200
Other | 2,633 | 4,475 | 10,001 | 14,631
Total store revenues | 688,657 | 786,536 | 2,260,606 | 2,468,247
Franchise |  |  |  |
Merchandise sales | 3,113 | 2,456 | 12,083 | 10,022
Royalty income and fees | 2,107 | 2,613 | 6,459 | 6,318
Total revenues | 693,877 | 791,605 | 2,279,148 | 2,484,587
Store |  |  |  |
Cost of rentals and fees | 159,454 | 178,094 | 504,834 | 548,618
Cost of merchandise sold | 68,684 | 82,043 | 253,473 | 282,128
Cost of installment sales | 5,553 | 5,854 | 17,240 | 18,125
Total cost of store revenues | 233,691 | 265,991 | 775,547 | 848,871
Other charges and (credits) | 0 | 34,698 | 0 | 34,698
Franchise |  |  |  |
Franchise cost of merchandise sold | 2,960 | 2,304 | 11,273 | 9,284
Total cost of revenues | 236,651 | 302,993 | 786,820 | 892,853
Gross profit | 457,226 | 488,612 | 1,492,328 | 1,591,734
Operating expenses |  |  |  |
Labor | 186,289 | 209,904 | 595,668 | 643,412
Other store expenses | 195,096 | 201,638 | 599,759 | 631,415
General and administrative expenses | 38,187 | 39,590 | 121,383 | 127,463
Depreciation, amortization and write-down of intangibles | 19,998 | 19,979 | 60,598 | 60,140
Other charges | 956 | 10,936 | 22,240 | 16,440
Total operating expenses | 440,526 | 482,047 | 1,399,648 | 1,478,870
Operating profit | 16,700 | 6,565 | 92,680 | 112,864
Interest expense | 11,710 | 12,490 | 35,424 | 37,211
Interest income | (141) | (153) | (346) | (525)
Earnings (loss) before income taxes | 5,131 | (5,772) | 57,602 | 76,178
Income tax expense (benefit) | (1,050) | (1,680) | 16,414 | 29,825
NET EARNINGS (LOSS) | $ 6,181 | $ (4,092) | $ 41,188 | $ 46,353
Basic earnings (loss) per common share | $ 0.12 | $ (0.08) | $ 0.78 | $ 0.87
Diluted earnings (loss) per common share | 0.12 | (0.08) | 0.77 | 0.87
Cash dividends declared per common share | $ 0.08 | $ 0.24 | $ 0.24 | $ 0.72

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