Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Information [Abstract]

Segment Information

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)	2020		2019		2020		2019
Revenues
Rent-A-Center Business	$	474,223	$	436,497	$	1,388,380	$	1,361,650
Preferred Lease	201,659		184,486		609,029		557,397
Mexico	12,159		13,370		36,316		40,266
Franchising	23,974		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)	2020		2019		2020		2019
Gross profit
Rent-A-Center Business	$	332,742	$	306,881	$	966,347	$	945,392
Preferred Lease	78,727		80,113		238,433		246,821
Mexico	8,655		9,286		25,615		27,966
Franchising	4,904		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)	2020		2019		2020		2019
Operating profit
Rent-A-Center Business	$	99,950	$	52,175	$	253,025	$	170,411
Preferred Lease	16,073		21,830		40,528		66,077
Mexico	1,724		1,213		3,743		3,906
Franchising	3,146		1,135		8,694		4,716
Total segments	120,893		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)	2020		2019		2020		2019
Depreciation and amortization
Rent-A-Center Business	$	4,926	$	5,037	$	14,759	$	15,619
Preferred Lease	541		379		1,542		1,040
Mexico	104		82		292		317
Franchising	15		3		28		42
Total segments	5,586		5,501		16,621		17,018
Corporate	8,224		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)	2020		2019		2020		2019
Capital expenditures
Rent-A-Center Business	$	5,721	$	4,129	$	10,205	$	5,594
Preferred Lease	20		24		106		125
Mexico	116		35		205		65
Total segments	5,857		4,188		10,516		5,784
Corporate	1,950		2,734		12,041		6,226
Total capital expenditures	$	7,807	$	6,922	$	22,557	$	12,010

(in thousands)	September 30, 2020		December 31, 2019
On rent rental merchandise, net
Rent-A-Center Business	$	417,212	$	411,482
Preferred Lease	249,266		268,845
Mexico	14,477		16,943
Total on rent rental merchandise, net	$	680,955	$	697,270

(in thousands)	September 30, 2020		December 31, 2019
Held for rent rental merchandise, net
Rent-A-Center Business	$	112,176	$	131,086
Preferred Lease	1,969		1,254
Mexico	5,758		6,078
Total held for rent rental merchandise, net	$	119,903	$	138,418

(in thousands)	September 30, 2020		December 31, 2019
Assets by segment
Rent-A-Center Business	$	916,894	$	953,151
Preferred Lease	337,752		357,859
Mexico	33,957		33,707
Franchising	12,044		11,095
Total segments	1,300,647		1,355,812
Corporate	366,918		226,986
Total assets	$	1,667,565	$	1,582,798