Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Information [Abstract]

Segment Information

Segment information for the three and nine months ended September 30, 2019 and 2018 is as follows: 

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Revenues
Core U.S.	$	436,497	$	451,320	$	1,361,650	$	1,389,081
Acceptance Now	184,486		173,438		557,397		549,435
Mexico	13,370		12,784		40,266		37,122
Franchising	15,018		7,400		42,677		23,077
Total revenues	$	649,371	$	644,942	$	2,001,990	$	1,998,715

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Gross profit
Core U.S.	$	306,881	$	313,771	$	945,392	$	975,231
Acceptance Now	80,113		81,586		246,821		256,441
Mexico	9,286		8,885		27,966		25,756
Franchising	3,716		3,498		12,754		11,176
Total gross profit	$	399,996	$	407,740	$	1,232,933	$	1,268,604

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2019			2018			2019			2018
Operating profit
Core U.S.	$	52,175		$	43,221		$	170,411		$	115,135
Acceptance Now	21,830			26,278			66,077			70,865
Mexico	1,213			922			3,906			2,306
Franchising	1,135			522			4,716			3,687
Total segments	76,353			70,943			245,110			191,993
Corporate	(37,506		)	(45,311		)	(59,085		)	(149,480		)
Total operating profit	$	38,847		$	25,632		$	186,025		$	42,513

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Depreciation and amortization
Core U.S.	$	5,037	$	6,216	$	15,619	$	19,482
Acceptance Now	379		421		1,040		1,288
Mexico	82		222		317		839
Franchising	3		45		42		133
Total segments	5,501		6,904		17,018		21,742
Corporate	9,393		10,042		28,770		30,532
Total depreciation and amortization	$	14,894	$	16,946	$	45,788	$	52,274

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Capital expenditures
Core U.S.	$	4,129	$	3,586	$	5,594	$	12,801
Acceptance Now	24		76		125		156
Mexico	35		113		65		151
Total segments	4,188		3,775		5,784		13,108
Corporate	2,734		3,021		6,226		9,383
Total capital expenditures	$	6,922	$	6,796	$	12,010	$	22,491

(in thousands)	September 30, 2019		December 31, 2018
On rent rental merchandise, net
Core U.S.	$	377,101	$	424,829
Acceptance Now	241,591		242,978
Mexico	15,048		16,001
Total on rent rental merchandise, net	$	633,740	$	683,808

(in thousands)	September 30, 2019		December 31, 2018
Held for rent rental merchandise, net
Core U.S.	$	104,341	$	117,294
Acceptance Now	1,151		1,207
Mexico	4,439		5,161
Total held for rent rental merchandise, net	$	109,931	$	123,662

(in thousands)	September 30, 2019		December 31, 2018
Assets by segment
Core U.S.	$	887,795	$	714,914
Acceptance Now(1)	330,727		312,151
Mexico	30,616		29,321
Franchising	8,412		4,287
Total segments	1,257,550		1,060,673
Corporate	240,382		336,244
Total assets	$	1,497,932	$	1,396,917

⁽¹⁾ Includes $14.9 million of goodwill recorded in the third quarter of 2019 related to the acquisition of Merchants Preferred.