Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Information [Abstract]

Segment Information

Segment information for the three months ended June 30, 2020 and 2019 is as follows: 

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Revenues
Rent-A-Center Business	$	459,192	$	451,096	$	914,157	$	925,153
Preferred Lease	191,243		176,389		407,370		372,911
Mexico	10,611		13,551		24,157		26,896
Franchising	22,700		14,889		40,001		27,659
Total revenues	$	683,746	$	655,925	$	1,385,685	$	1,352,619

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Gross profit
Rent-A-Center Business	$	316,047	$	313,871	$	633,605	$	638,511
Preferred Lease	71,391		80,380		159,706		166,708
Mexico	7,432		9,411		16,960		18,680
Franchising	4,662		4,409		9,439		9,038
Total gross profit	$	399,532	$	408,071	$	819,710	$	832,937

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Operating profit
Rent-A-Center Business	$	85,132	$	64,925	$	153,075	$	118,236
Preferred Lease	6,233		22,734		24,455		44,247
Mexico	1,052		1,474		2,019		2,693
Franchising	3,029		1,803		5,548		3,581
Total segments	95,446		90,936		185,097		168,757
Corporate	(41,811)		38,893		(82,587)		(21,579)
Total operating profit	$	53,635	$	129,829	$	102,510	$	147,178

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Depreciation and amortization
Rent-A-Center Business	$	4,876	$	5,110	$	9,833	$	10,582
Preferred Lease	474		313		1,001		661
Mexico	95		95		188		235
Franchising	10		9		13		39
Total segments	5,455		5,527		11,035		11,517
Corporate	8,893		9,594		18,226		19,377
Total depreciation and amortization	$	14,348	$	15,121	$	29,261	$	30,894

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Capital expenditures
Rent-A-Center Business	$	3,504	$	907	$	4,484	$	1,465
Preferred Lease	2		54		86		101
Mexico	52		27		89		30
Total segments	3,558		988		4,659		1,596
Corporate	2,041		1,592		10,091		3,492
Total capital expenditures	$	5,599	$	2,580	$	14,750	$	5,088

(in thousands)	June 30, 2020		December 31, 2019
On rent rental merchandise, net
Rent-A-Center Business	$	399,647	$	411,482
Preferred Lease	232,373		268,845
Mexico	13,502		16,943
Total on rent rental merchandise, net	$	645,522	$	697,270

(in thousands)	June 30, 2020		December 31, 2019
Held for rent rental merchandise, net
Rent-A-Center Business	$	85,680	$	131,086
Preferred Lease	1,508		1,254
Mexico	4,459		6,078
Total held for rent rental merchandise, net	$	91,647	$	138,418

(in thousands)	June 30, 2020		December 31, 2019
Assets by segment
Rent-A-Center Business	$	866,198	$	953,151
Preferred Lease	321,883		357,859
Mexico	29,056		33,707
Franchising	14,344		11,095
Total segments	1,231,481		1,355,812
Corporate	345,147		226,986
Total assets	$	1,576,628	$	1,582,798