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Segment Information (Notes)
 9 Months Ended
Sep. 30, 2020
Segment Information [Abstract]  
Segment Information Segment Information
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 certain basic product categories: furniture, consumer electronics, appliances, computers, and accessories. Smartphones are also offered in our Rent-A-Center Business stores and franchise locations. In addition, in the Rent-A-Center Business segment, we have recently expanded into other product categories including, tires, tools, handbags, jewelry and other accessories.
Segment information for the three and nine months ended September 30, 2020 and 2019 is as follows: 
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Revenues
Rent-A-Center Business
$474,223 $436,497 $1,388,380 $1,361,650 
Preferred Lease201,659 184,486 609,029 557,397 
Mexico12,159 13,370 36,316 40,266 
Franchising23,974 15,018 63,975 42,677 
Total revenues$712,015 $649,371 $2,097,700 $2,001,990 

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Gross profit
Rent-A-Center Business$332,742 $306,881 $966,347 $945,392 
Preferred Lease78,727 80,113 238,433 246,821 
Mexico8,655 9,286 25,615 27,966 
Franchising4,904 3,716 14,343 12,754 
Total gross profit$425,028 $399,996 $1,244,738 $1,232,933 
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Operating profit
Rent-A-Center Business$99,950 $52,175 $253,025 $170,411 
Preferred Lease16,073 21,830 40,528 66,077 
Mexico1,724 1,213 3,743 3,906 
Franchising3,146 1,135 8,694 4,716 
Total segments120,893 76,353 305,990 245,110 
Corporate(40,706)(37,506)(123,293)(59,085)
Total operating profit$80,187 $38,847 $182,697 $186,025 

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Depreciation and amortization
Rent-A-Center Business$4,926 $5,037 $14,759 $15,619 
Preferred Lease541 379 1,542 1,040 
Mexico104 82 292 317 
Franchising15 3 28 42 
Total segments5,586 5,501 16,621 17,018 
Corporate8,224 9,393 26,450 28,770 
Total depreciation and amortization
$13,810 $14,894 $43,071 $45,788 

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Capital expenditures
Rent-A-Center Business$5,721 $4,129 $10,205 $5,594 
Preferred Lease20 24 106 125 
Mexico116 35 205 65 
Total segments5,857 4,188 10,516 5,784 
Corporate1,950 2,734 12,041 6,226 
Total capital expenditures$7,807 $6,922 $22,557 $12,010 

(in thousands)September 30, 2020December 31, 2019
On rent rental merchandise, net
Rent-A-Center Business$417,212 $411,482 
Preferred Lease249,266 268,845 
Mexico14,477 16,943 
Total on rent rental merchandise, net$680,955 $697,270 

(in thousands)September 30, 2020December 31, 2019
Held for rent rental merchandise, net
Rent-A-Center Business$112,176 $131,086 
Preferred Lease1,969 1,254 
Mexico5,758 6,078 
Total held for rent rental merchandise, net$119,903 $138,418 
(in thousands)September 30, 2020December 31, 2019
Assets by segment
Rent-A-Center Business$916,894 $953,151 
Preferred Lease337,752 357,859 
Mexico33,957 33,707 
Franchising12,044 11,095 
Total segments1,300,647 1,355,812 
Corporate366,918 226,986 
Total assets$1,667,565 $1,582,798