Other Charges (Tables)

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Other Charges [Table Text Block]

Activity with respect to Other charges for the three months ended March 31, 2021 is summarized in the below table:

(in thousands)	Accrued Charges at December 31, 2020		Charges & Adjustments		Payments & Adjustments		Accrued Charges at March 31, 2021
Cash charges:
Acima Holdings transaction costs	$	5,005	$	16,406	$	(20,893)	$	518
Acima Holdings integration costs	—		3,244		(447)		2,797
Other cash charges(1)	344		197		(541)		—
Total cash charges	$	5,349	19,847		$	(21,881)	$	3,315
Non-cash charges:
Depreciation and amortization of acquired assets(2)			15,258
Acima Holdings employees stock agreements(3)			15,882
Asset impairments(4)			132
Total other charges			$	51,119

(1) Represents employee severance, shutdown and holding expenses related to store closures.

(2) Represents depreciation recorded on the incremental fair value of acquired software and amortization of the fair value of intangible assets acquired in connection with the acquisition of Acima Holdings as described Note 2.

(3) Represents stock compensation expense recognized in the first quarter of 2021, related to common shares issued to Acima Holdings employees subject to vesting restrictions, as described in Note 2.

(4) 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 in the first three months of 2021.