Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment information for the three and six months ended June 30, 2017 and 2016 is as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2017		2016		2017		2016
Revenues
Core U.S.	$	457,025	$	530,612	$	947,924	$	1,114,977
Acceptance Now	203,321		199,516		437,867		429,912
Mexico	12,014		13,311		23,114		27,060
Franchising	5,275		6,180		10,716		13,322
Total revenues	$	677,635	$	749,619	$	1,419,621	$	1,585,271



	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2017		2016		2017		2016
Gross profit
Core U.S.	$	318,006	$	383,129	$	655,960	$	795,018
Acceptance Now	103,934		105,352		218,363		216,494
Mexico	8,381		9,254		16,202		18,581
Franchising	2,212		2,423		4,671		5,009
Total gross profit	$	432,533	$	500,158	$	895,196	$	1,035,102



	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2017			2016			2017			2016
Operating (loss) profit
Core U.S.	$	30,980		$	38,715		$	55,382		$	100,951
Acceptance Now	18,597			27,547			39,216			56,916
Mexico	(41		)	572			120			(2,038		)
Franchising	1,092			1,425			2,533			2,838
Total segments	50,628			68,259			97,251			158,667
Corporate	(51,501		)	(40,709		)	(96,972		)	(82,687		)
Total operating (loss) profit	$	(873	)	$	27,550		$	279		$	75,980



	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2017		2016		2017		2016
Depreciation, amortization and impairment of intangibles
Core U.S.	$	7,882	$	10,563	$	15,990	$	21,455
Acceptance Now	629		828		1,415		1,665
Mexico	526		864		1,053		1,803
Franchising	44		44		88		89
Total segments	9,081		12,299		18,546		25,012
Corporate	9,627		8,477		18,703		15,588
Total depreciation, amortization and impairment of intangibles	$	18,708	$	20,776	$	37,249	$	40,600

We recorded an impairment of intangibles of $3.9 million in the Acceptance Now segment during the first six months of 2017 that is not included in the table above. The impairment charge was recorded to Other Charges in the Condensed Consolidated Statement of Operations.



	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2017		2016		2017		2016
Capital expenditures
Core U.S.	$	8,600	$	3,456	$	14,708	$	7,227
Acceptance Now	612		305		1,095		597
Mexico	24		76		47		223
Total segments	9,236		3,837		15,850		8,047
Corporate	8,875		9,906		24,309		20,136
Total capital expenditures	$	18,111	$	13,743	$	40,159	$	28,183

Segment information - Selected balance sheet data:



(in thousands)	June 30, 2017		December 31, 2016
On rent rental merchandise, net
Core U.S.	$	373,907	$	426,845
Acceptance Now	318,099		354,486
Mexico	14,080		13,787
Total on rent rental merchandise, net	$	706,086	$	795,118



(in thousands)	June 30, 2017		December 31, 2016
Held for rent rental merchandise, net
Core U.S.	$	181,773	$	192,718
Acceptance Now	11,477		7,489
Mexico	6,973		6,629
Total held for rent rental merchandise, net	$	200,223	$	206,836



(in thousands)	June 30, 2017		December 31, 2016
Assets by segment
Core U.S.	$	781,141	$	872,551
Acceptance Now	396,092		432,383
Mexico	33,978		31,415
Franchising	2,402		2,197
Total segments	1,213,613		1,338,546
Corporate	258,985		264,195
Total assets	$	1,472,598	$	1,602,741