Other Charges (Tables)

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Other Charges [Table Text Block]

Activity with respect to other charges for the nine months ended September 30, 2020 is summarized in the below table:

(in thousands)	Accrued Charges at December 31, 2019		Charges & Adjustments		Payments & Adjustments		Accrued Charges at September 30, 2020
Cash charges:
Labor costs	$	738	$	1,610	$	(1,450)	$	898
Lease obligations(1)	—		(645)		645		—
Shutdown and holding costs	—		1,573		(1,573)		—
Total cash charges	$	738	2,538		$	(2,378)	$	898
Non-cash charges:
Rental merchandise losses(2)			721
Asset impairments(3)			1,376
Other(4)			3,133
Total other charges			$	7,768

(1) Includes lease abatement credits related to renegotiated lease agreements in response to COVID-19.

(2) Reflects losses due to looting.

(3) Asset impairments primarily includes impairments of operating lease right-of-use assets and other property assets related to the closure of Rent-A-Center Business stores and previously closed product service centers, damage related to looting, as well as a write-down of capitalized software in the first nine months of 2020.

(4) Other primarily includes legal settlement reserves, state tax audit assessment reserves, expenses related to COVID-19, partially offset by proceeds received from the sale of a class action claim and insurance proceeds related to Hurricane Maria in 2017.