Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Information [Abstract]

Segment Information

Segment information for the three months ended March 31, 2020 and 2019 is as follows: 

	Three Months Ended March 31,
(in thousands)	2020		2019
Revenues
Rent-A-Center Business	$	454,965	$	474,057
Preferred Lease	216,127		196,522
Mexico	13,546		13,345
Franchising	17,301		12,770
Total revenues	$	701,939	$	696,694

	Three Months Ended March 31,
(in thousands)	2020		2019
Gross profit
Rent-A-Center Business	$	317,558	$	324,640
Preferred Lease	88,315		86,328
Mexico	9,528		9,269
Franchising	4,777		4,629
Total gross profit	$	420,178	$	424,866

	Three Months Ended March 31,
(in thousands)	2020		2019
Operating profit
Rent-A-Center Business	$	67,943	$	53,311
Preferred Lease	18,222		21,513
Mexico	967		1,219
Franchising	2,519		1,778
Total segments	89,651		77,821
Corporate	(40,776)		(60,472)
Total operating profit	$	48,875	$	17,349

	Three Months Ended March 31,
(in thousands)	2020		2019
Depreciation and amortization
Rent-A-Center Business	$	4,957	$	5,472
Preferred Lease	527		348
Mexico	93		140
Franchising	3		30
Total segments	5,580		5,990
Corporate	9,333		9,783
Total depreciation and amortization	$	14,913	$	15,773

	Three Months Ended March 31,
(in thousands)	2020		2019
Capital expenditures
Rent-A-Center Business	$	980	$	558
Preferred Lease	84		47
Mexico	37		3
Total segments	1,101		608
Corporate	8,050		1,900
Total capital expenditures	$	9,151	$	2,508

(in thousands)	March 31, 2020		December 31, 2019
On rent rental merchandise, net
Rent-A-Center Business	$	400,604	$	411,482
Preferred Lease	246,672		268,845
Mexico	13,328		16,943
Total on rent rental merchandise, net	$	660,604	$	697,270

(in thousands)	March 31, 2020		December 31, 2019
Held for rent rental merchandise, net
Rent-A-Center Business	$	115,698	$	131,086
Preferred Lease	715		1,254
Mexico	4,517		6,078
Total held for rent rental merchandise, net	$	120,930	$	138,418

(in thousands)	March 31, 2020		December 31, 2019
Assets by segment
Rent-A-Center Business	$	898,795	$	953,151
Preferred Lease	334,440		357,859
Mexico	28,086		33,707
Franchising	9,491		11,095
Total segments	1,270,812		1,355,812
Corporate	336,247		226,986
Total assets	$	1,607,059	$	1,582,798