SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations

The following table presents revenue by source and by segment for the year ended December 31, 2023:


	Year Ended December 31, 2023
(In Thousands)	Progressive Leasing		Vive		Other		Total
Lease Revenues and Fees1	$	2,333,588	$	—	$	—	$	2,333,588
Interest and Fees on Loans Receivable2	—		68,912		5,764		74,676
Total	$	2,333,588	$	68,912	$	5,764	$	2,408,264

1 Revenue within the scope of ASC 842, Leases.

2 Revenue within the scope of ASC 310, Receivables.

The following table presents revenue by source and by segment for the year ended December 31, 2022:


	Year Ended December 31, 2022
(In Thousands)	Progressive Leasing		Vive		Other		Total
Lease Revenues and Fees1	$	2,523,785	$	—	$	—	$	2,523,785
Interest and Fees on Loans Receivable2	—		70,911		3,130		74,041
Total	$	2,523,785	$	70,911	$	3,130	$	2,597,826

1 Revenue within the scope of ASC 842, Leases.

2 Revenue within the scope of ASC 310, Receivables.

The following table presents revenue by source and by segment for the year ended December 31, 2021:


	Year Ended December 31, 2021
(In Thousands)	Progressive Leasing		Vive		Other		Total
Lease Revenues and Fees1	$	2,619,005	$	—	$	—	$	2,619,005
Interest and Fees on Loans Receivable2	—		58,462		453		58,915
Total	$	2,619,005	$	58,462	$	453	$	2,677,920

1 Revenue within the scope of ASC 842, Leases.

2 Revenue within the scope of ASC 310, Receivables.


	Year Ended December 31,
(In Thousands)	2023		2022		2021
Earnings Before Income Tax Expense:
Progressive Leasing	$	216,271	$	174,143	$	319,125
Vive	4,545		9,195		20,225
Other1	(24,595)		(35,094)		(11,146)
Total Earnings Before Income Tax Expense	$	196,221	$	148,244	$	328,204

1 Earnings before income tax expense attributable to Other for the year ended December 31, 2022 includes a $10.2 million goodwill impairment loss related to the partial impairment of Four's goodwill as discussed in Note 1 and Note 3.

The following is a summary of total assets by segment:


	December 31,
(In Thousands)	2023		2022
Assets:
Progressive Leasing	$	1,286,587	$	1,309,487
Vive	141,028		155,846
Other	63,640		26,576
Total Assets	$	1,491,255	$	1,491,909


	Year Ended December 31,
(In Thousands)	2023		2022		2021
Depreciation and Amortization:
Progressive Leasing	$	29,165	$	31,374	$	31,762
Vive	745		795		849
Other	2,122		1,682		647
Total Depreciation and Amortization1	$	32,032	$	33,851	$	33,258

Depreciation of Lease Merchandise:
Progressive Leasing	$	1,576,303	$	1,757,730	$	1,820,010
Vive	—		—		—
Other	—		—		—
Total Depreciation of Lease Merchandise	$	1,576,303	$	1,757,730	$	1,820,010

Interest Expense, Net:
Interest Expense:
Progressive Leasing	$	38,859	$	38,675	$	5,590
Vive	593		398		472
Other	—		—		—
Intercompany Elimination	(758)		(398)		(472)
Interest Income:
Progressive Leasing	$	(9,881)	$	(1,672)	$	(739)
Vive	—		—		—
Other	(165)				—
Intercompany Elimination	758		398		472
Total Interest Expense, Net	$	29,406	$	37,401	$	5,323

Capital Expenditures2:
Progressive Leasing	$	6,160	$	5,835	$	8,101
Vive	601		926		819
Other	2,855		2,913		635
Total Capital Expenditures	$	9,616	$	9,674	$	9,555

1 Excludes depreciation of lease merchandise, which is not included in the chief operating decision maker's measure of depreciation and amortization.

2 Capital expenditures primarily consists of internal-use software, as well as computer hardware and furniture and equipment.