Segment Information

3 Months Ended

Mar. 31, 2019

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. Our Core U.S. and Franchising segments also offer smartphones.

Segment information for the three months ended March 31, 2019 and 2018 is as follows:



	Three Months Ended March 31,
(in thousands)	2019		2018
Revenues
Core U.S.	$	474,057	$	482,041
Acceptance Now	196,522		196,986
Mexico	13,345		12,031
Franchising	12,770		6,985
Total revenues	$	696,694	$	698,043



	Three Months Ended March 31,
(in thousands)	2019		2018
Gross profit
Core U.S.	$	324,640	$	336,241
Acceptance Now	86,328		88,805
Mexico	9,269		8,322
Franchising	4,629		3,610
Total gross profit	$	424,866	$	436,978



	Three Months Ended March 31,
(in thousands)	2019			2018
Operating profit (loss)
Core U.S.	$	53,311		$	28,387
Acceptance Now	21,513			15,430
Mexico	1,219			497
Franchising	1,778			1,256
Total segments	77,821			45,570
Corporate	(60,472		)	(55,840		)
Total operating profit (loss)	$	17,349		$	(10,270	)



	Three Months Ended March 31,
(in thousands)	2019		2018
Depreciation, amortization and impairment of intangibles
Core U.S.	$	5,472	$	6,826
Acceptance Now	348		435
Mexico	140		344
Franchising	30		44
Total segments	5,990		7,649
Corporate	9,783		10,251
Total depreciation, amortization and impairment of intangibles	$	15,773	$	17,900



	Three Months Ended March 31,
(in thousands)	2019		2018
Capital expenditures
Core U.S.	$	558	$	4,890
Acceptance Now	47		45
Mexico	3		3
Total segments	608		4,938
Corporate	1,900		3,711
Total capital expenditures	$	2,508	$	8,649



(in thousands)	March 31, 2019		December 31, 2018
On rent rental merchandise, net
Core U.S.	$	403,518	$	424,829
Acceptance Now	228,248		242,978
Mexico	15,770		16,001
Total on rent rental merchandise, net	$	647,536	$	683,808



(in thousands)	March 31, 2019		December 31, 2018
Held for rent rental merchandise, net
Core U.S.	$	114,220	$	117,294
Acceptance Now	1,246		1,207
Mexico	4,919		5,161
Total held for rent rental merchandise, net	$	120,385	$	123,662



(in thousands)	March 31, 2019		December 31, 2018
Assets by segment
Core U.S.	$	957,380	$	714,914
Acceptance Now	292,032		312,151
Mexico	34,940		29,321
Franchising	6,367		4,287
Total segments	1,290,719		1,060,673
Corporate	390,697		336,244
Total assets	$	1,681,416	$	1,396,917