Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

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



	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2017		2016		2017		2016
Revenues
Core U.S.	$	442,763	$	481,805	$	1,390,687	$	1,596,782
Acceptance Now	184,293		194,398		622,160		624,310
Mexico	12,237		12,454		35,351		39,514
Franchising	4,672		5,220		15,388		18,542
Total revenues	$	643,965	$	693,877	$	2,063,586	$	2,279,148



	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2017		2016		2017		2016
Gross profit
Core U.S.	$	309,779	$	343,071	$	965,739	$	1,138,089
Acceptance Now	92,088		102,998		310,451		319,492
Mexico	8,466		8,897		24,668		27,478
Franchising	2,132		2,260		6,803		7,269
Total gross profit	$	412,465	$	457,226	$	1,307,661	$	1,492,328



	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2017			2016			2017			2016
Operating (loss) profit
Core U.S.	$	23,859		$	26,058		$	79,241		$	127,009
Acceptance Now	10,379			29,592			49,595			86,508
Mexico	(242		)	235			(122		)	(1,803		)
Franchising	1,032			1,430			3,565			4,268
Total segments	35,028			57,315			132,279			215,982
Corporate	(43,473		)	(40,615		)	(140,445		)	(123,302		)
Total operating (loss) profit	$	(8,445	)	$	16,700		$	(8,166	)	$	92,680



	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2017		2016		2017		2016
Depreciation, amortization and impairment of intangibles
Core U.S.	$	7,725	$	9,495	$	23,715	$	30,950
Acceptance Now	568		815		1,983		2,480
Mexico	496		746		1,549		2,549
Franchising	45		44		133		133
Total segments	8,834		11,100		27,380		36,112
Corporate	9,845		8,898		28,548		24,486
Total depreciation, amortization and impairment of intangibles	$	18,679	$	19,998	$	55,928	$	60,598

We recorded an impairment of intangibles of $3.9 million in the Acceptance Now segment during the first nine 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 September 30,				Nine Months Ended September 30,
(in thousands)	2017		2016		2017		2016
Capital expenditures
Core U.S.	$	6,625	$	3,864	$	21,333	$	11,092
Acceptance Now	430		860		1,525		1,457
Mexico	56		36		103		259
Total segments	7,111		4,760		22,961		12,808
Corporate	6,258		13,895		30,567		34,031
Total capital expenditures	$	13,369	$	18,655	$	53,528	$	46,839

Segment information - Selected balance sheet data:



(in thousands)	September 30, 2017		December 31, 2016
On rent rental merchandise, net
Core U.S.	$	364,656	$	426,845
Acceptance Now	292,247		354,486
Mexico	13,514		13,787
Total on rent rental merchandise, net	$	670,417	$	795,118



(in thousands)	September 30, 2017		December 31, 2016
Held for rent rental merchandise, net
Core U.S.	$	189,029	$	192,718
Acceptance Now	5,897		7,489
Mexico	4,842		6,629
Total held for rent rental merchandise, net	$	199,768	$	206,836



(in thousands)	September 30, 2017		December 31, 2016
Assets by segment
Core U.S.	$	793,036	$	872,551
Acceptance Now	363,212		432,383
Mexico	33,062		31,415
Franchising	3,094		2,197
Total segments	1,192,404		1,338,546
Corporate	237,913		264,195
Total assets	$	1,430,317	$	1,602,741