Segment Information

6 Months Ended

Jun. 30, 2016

Segment Information [Abstract]

Segment Information

Segment Information.

The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by the chief operating decision makers. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. All operating segments offer merchandise from four basic product categories: consumer electronics, appliances, computers, furniture and accessories, and our Core U.S. and franchising segments also offers smartphones.

Segment information for the three months ended June 30, 2016 and 2015 is as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Revenues
Core U.S.	$	530,612	$	593,496	$	1,114,977	$	1,222,699
Acceptance Now	199,516		200,464		429,912		424,741
Mexico	13,311		16,337		27,060		34,271
Franchising	6,180		5,046		13,322		11,271
Total revenues	$	749,619	$	815,343	$	1,585,271	$	1,692,982

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Gross profit
Core U.S.	$	383,129	$	421,610	$	795,018	$	862,750
Acceptance Now	105,352		103,896		216,494		213,060
Mexico	9,254		10,908		18,581		23,021
Franchising	2,423		2,115		5,009		4,291
Total gross profit	$	500,158	$	538,529	$	1,035,102	$	1,103,122

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Operating profit (loss)
Core U.S.	$	38,715		$	66,698		$	100,951		$	134,271
Acceptance Now	27,547			31,696			56,916			66,228
Mexico	572			(7,179		)	(2,038		)	(10,633		)
Franchising	1,425			991			2,838			2,207
Total segment operating profit	68,259			92,206			158,667			192,073
Corporate	(40,709		)	(42,505		)	(82,687		)	(85,774		)
Total operating profit	$	27,550		$	49,701		$	75,980		$	106,299

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Depreciation, amortization and write-down of intangibles
Core U.S.	$	10,563	$	13,084	$	21,455	$	25,759
Acceptance Now	828		799		1,665		1,552
Mexico	864		1,412		1,803		2,886
Franchising	44		46		89		95
Total segments	12,299		15,341		25,012		30,292
Corporate	8,477		5,056		15,588		9,869
Total depreciation, amortization and write-down of intangibles	$	20,776	$	20,397	$	40,600	$	40,161

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Capital expenditures
Core U.S.	$	3,456	$	5,435	$	7,227	$	6,249
Acceptance Now	305		545		597		828
Mexico	76		10		223		118
Total segments	3,837		5,990		8,047		7,195
Corporate	9,906		22,634		20,136		35,674
Total capital expenditures	$	13,743	$	28,624	$	28,183	$	42,869

Segment information - Selected balance sheet data (in thousands):

	June 30, 2016		December 31, 2015
On rent rental merchandise, net
Core U.S.	$	442,103	$	540,004
Acceptance Now	323,618		350,046
Mexico	15,213		17,575
Total on rent rental merchandise, net	$	780,934	$	907,625

	June 30, 2016		December 31, 2015
Held for rent rental merchandise, net
Core U.S.	$	211,011	$	215,327
Acceptance Now	5,915		5,000
Mexico	8,424		8,520
Total held for rent rental merchandise, net	$	225,350	$	228,847

	June 30, 2016		December 31, 2015
Assets by segment			Revised
Core U.S.	$	1,031,773	$	1,240,593
Acceptance Now	400,161		426,827
Mexico	35,399		38,898
Franchising	2,619		2,723
Total segments	1,469,952		1,709,041
Corporate	286,290		265,427
Total assets	$	1,756,242	$	1,974,468