Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Information [Abstract]

Segment Information

Segment information for the three and six months ended June 30, 2021 and 2020 is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Revenues
Rent-A-Center Business	$	505,834	$	459,192	$	1,030,700	$	914,157
Acima	635,280		191,243		1,092,729		407,370
Mexico	15,255		10,611		29,753		24,157
Franchising	37,606		22,700		77,575		40,001
Total revenues	$	1,193,975	$	683,746	$	2,230,757	$	1,385,685

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Gross profit
Rent-A-Center Business	$	357,187	$	316,047	$	716,356	$	633,605
Acima	211,404		71,391		345,654		159,706
Mexico	10,818		7,432		21,030		16,960
Franchising	8,063		4,662		14,955		9,439
Total gross profit	$	587,472	$	399,532	$	1,097,995	$	819,710

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Operating profit
Rent-A-Center Business	$	126,487	$	85,132	$	247,764	$	153,075
Acima	68,099		6,233		92,913		24,455
Mexico	2,420		1,052		4,374		2,019
Franchising	5,694		3,029		10,679		5,548
Total segments	202,700		95,446		355,730		185,097
Corporate	(96,181)		(41,811)		(179,165)		(82,587)
Total operating profit	$	106,519	$	53,635	$	176,565	$	102,510

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Depreciation and amortization
Rent-A-Center Business	$	4,452	$	4,876	$	9,029	$	9,833
Acima(1)	524		474		998		1,001
Mexico	119		95		239		188
Franchising	18		10		34		13
Total segments	5,113		5,455		10,300		11,035
Corporate(2)	8,453		8,893		16,659		18,226
Total depreciation and amortization	$	13,566	$	14,348	$	26,959	$	29,261

(1)Excludes amortization expense of approximately $29.2 million and $43.2 million for the three and six months ended June 30, 2021, recorded to Other charges in the Condensed Consolidated Statement of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition

(2)Excludes depreciation expense of approximately $4.0 million and $5.3 million for the three and six months ended June 30, 2021, recorded to Other charges in the Condensed Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Capital expenditures
Rent-A-Center Business	$	8,308	$	3,504	$	14,565	$	4,484
Acima	515		2		669		86
Mexico	190		52		266		89
Total segments	9,013		3,558		15,500		4,659
Corporate	5,000		2,041		9,901		10,091
Total capital expenditures	$	14,013	$	5,599	$	25,401	$	14,750

(in thousands)	June 30, 2021		December 31, 2020
On rent rental merchandise, net
Rent-A-Center Business	$	449,243	$	444,945
Acima	653,308		299,660
Mexico	19,506		18,281
Total on rent rental merchandise, net	$	1,122,057	$	762,886

(in thousands)	June 30, 2021		December 31, 2020
Held for rent rental merchandise, net
Rent-A-Center Business	$	110,560	$	136,219
Acima	1,047		2,228
Mexico	9,177		7,819
Total held for rent rental merchandise, net	$	120,784	$	146,266

(in thousands)	June 30, 2021		December 31, 2020
Assets by segment
Rent-A-Center Business	$	969,617	$	999,252
Acima	1,559,381		389,650
Mexico	41,106		42,278
Franchising	14,845		14,729
Total segments	2,584,949		1,445,909
Corporate	450,353		305,071
Total assets	$	3,035,302	$	1,750,980