v3.6.0.2

Acquisitions - Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
DAMI |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents the summary of the assets acquired and liabilities assumed as of the acquisition date, as well as the acquisition accounting adjustments. The final acquisition accounting adjustments did not have a significant effect on the consolidated statements of earnings.
(In Thousands) | Amounts Recognized as of Acquisition Date 1 |  | Acquisition Accounting Adjustments 2 |  | Amounts Recognized as of Acquisition Date (as adjusted)
Purchase Price | $ | 54,900 |  |  | $ | — |  |  | $ | 54,900 |
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed |  |  |  |  |
Cash and Cash Equivalents | 4,185 |  |  | — |  |  | 4,185 |
Loans Receivable 3 | 89,186 |  |  | (60 | ) |  | 89,126 |
Receivables | 45 |  |  | — |  |  | 45 |
Property, Plant and Equipment | 2,754 |  |  | — |  |  | 2,754 |
Other Intangibles 4 | 3,400 |  |  | (500 | ) |  | 2,900 |
Income Tax Receivable | 728 |  |  | — |  |  | 728 |
Prepaid Expenses and Other Assets | 671 |  |  | — |  |  | 671 |
Deferred Income Tax Assets | 375 |  |  | 2,115 |  |  | 2,490 |
Total Identifiable Assets Acquired | 101,344 |  |  | 1,555 |  |  | 102,899 |
Accounts Payable and Accrued Expenses | (1,709 | ) |  | (1,265 | ) |  | (2,974 | )
Debt | (45,025 | ) |  | — |  |  | (45,025 | )
Total Liabilities Assumed | (46,734 | ) |  | (1,265 | ) |  | (47,999 | )
Goodwill | 290 |  |  | (290 | ) |  | — |
Net Assets Acquired | $ | 54,900 |  |  | $ | — |  |  | $ | 54,900 |
1 As previously reported in the notes to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015. 2 The acquisition accounting adjustments primarily relate to the resolution of certain income tax-related matters and contingencies that existed as of the acquisition date. 3 Contractually required amounts due at the acquisition date were $94.2 million. 4 Identifiable intangible assets are further disaggregated in the table below.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The intangible assets attributable to the DAMI acquisition are comprised of the following:
| Fair Value (in thousands) |  | Weighted Average Life (in years)
Technology | $ | 2,550 |  |  | 5.0
Non-compete Agreements | 350 |  |  | 5.0
Total Acquired Intangible Assets | $ | 2,900 |  |  |
Progressive |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents the summary of the assets acquired and liabilities assumed as of the April 14, 2014 acquisition date, as well as the acquisition adjustments.
(In Thousands) | Amounts Recognized as of Acquisition Date (as adjusted)1 |  | Acquisition Accounting Adjustments 2 |  | Amounts Recognized as of Acquisition Date (as adjusted)
Purchase Price | $ | 705,810 |  |  | $ | — |  |  | $ | 705,810 |
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed |  |  |  |  |
Cash and Cash Equivalents | 5,810 |  |  | — |  |  | 5,810 |
Receivables 2, 3 | 27,581 |  |  | (4,245 | ) |  | 23,336 |
Lease Merchandise 2 | 141,185 |  |  | 110 |  |  | 141,295 |
Property, Plant and Equipment | 4,010 |  |  | — |  |  | 4,010 |
Other Intangibles 4 | 325,000 |  |  | — |  |  | 325,000 |
Prepaid Expenses and Other Assets | 893 |  |  | — |  |  | 893 |
Total Identifiable Assets Acquired | 504,479 |  |  | (4,135 | ) |  | 500,344 |
Accounts Payable and Accrued Expenses 2 | (29,104 | ) |  | 3,049 |  |  | (26,055 | )
Deferred Income Taxes Payable 2 | (48,749 | ) |  | (335 | ) |  | (49,084 | )
Customer Deposits and Advance Payments | (10,000 | ) |  | — |  |  | (10,000 | )
Total Liabilities Assumed | (87,853 | ) |  | 2,714 |  |  | (85,139 | )
Goodwill 5 | 289,184 |  |  | 1,421 |  |  | 290,605 |
Net Assets Acquired | $ | 705,810 |  |  | $ | — |  |  | $ | 705,810 |
1 As previously reported in the notes to consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, which includes the effects of certain acquisition accounting adjustments recognized in 2014. 2 The acquisition accounting adjustments recognized in 2015 related to the resolution of income tax uncertainties and sales tax exposures, which also impacted the fair value estimates of receivables and lease merchandise related to the secondary escrow amount, subsequent to the acquisition date. 3 Receivables include $13.4 million related to the secondary escrow amount, which the Company expects to recover prior to April 14, 2017. The gross amount due under customer-related receivables acquired was $22.7 million, of which $10.9 million was expected to be uncollectible. 4 Identifiable intangible assets are further disaggregated in the following table. 5 The total goodwill recognized in conjunction with the Progressive acquisition has been assigned to the Progressive operating segment. Of the goodwill recognized as part of this acquisition, $247.0 million is expected to be deductible for tax purposes. The primary reasons the purchase price of the acquisition exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, is related to synergistic value created from the combination of Progressive’s virtual customer payment capabilities with the Company’s leading traditional lease-to-own model. Goodwill also includes certain other intangible assets that do not qualify for separate recognition, such as an assembled workforce.
Schedule of Business Acquisitions, by Acquisition | The following table details the sources of cash for the purchase price of the Company’s acquisition of Progressive:
(In Thousands) |
Proceeds from Private Placement Note Issuance | $ | 300,000 |
Proceeds from Term Loan | 126,250 |
Proceeds from Revolving Credit Facility | 65,000 |
Cash Consideration | 185,454 |
Deferred Cash Consideration | 29,106 |
Purchase Price | $ | 705,810 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The intangible assets attributable to the Progressive acquisition are comprised of the following:
|  | Fair Value (in thousands) |  | Weighted Average Life (in years)
Internal Use Software |  | $ | 14,000 |  |  | 3.0
Technology |  | 66,000 |  |  | 10.0
Trade Names and Trademarks |  | 53,000 |  |  | Indefinite
Customer Lease Contracts |  | 11,000 |  |  | 1.0
Merchant Relationships |  | 181,000 |  |  | 12.0
Total Acquired Intangible Assets 1 |  | $ | 325,000 |  |  |
1 Acquired definite-lived intangible assets have a total weighted average life of 10.6 years.
Business Acquisition, Pro Forma Information | The following table presents unaudited consolidated pro forma information as if the acquisition of Progressive had occurred on January 1, 2013:
| Twelve Months Ended December 31, 2014
(In Thousands) | As Reported |  | Pro Forma
Revenues | $ | 2,695,033 |  |  | $ | 2,851,631 |
Net Earnings | 78,233 |  |  | 86,038 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=aan_DentAMedInc.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=aan_ProgressiveFinanceHoldingsLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |