Other Charges (Tables)

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Other Charges

Activity with respect to Other charges for the nine months ended September 30, 2021 is summarized in the below table:

(in thousands)	Accrued Charges at December 31, 2020		Charges & Adjustments		Payments & Adjustments		Accrued Charges at September 30, 2021
Cash charges:
Acima Holdings transaction costs	$	5,005	$	17,336	$	(22,341)	$	—
Acima Holdings integration costs	—		7,890		(5,749)		2,141
Other cash charges(1)	344		323		(667)		—
Total cash charges	$	5,349	25,549		$	(28,757)	$	2,141
Non-cash charges:
Depreciation and amortization of acquired assets(2)			81,725
Acima Holdings restricted stock agreements(3)			93,121
Asset impairments			789
Other(4)			10,911
Total other charges			$	212,095

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

(2) Represents amortization of the total fair value of acquired intangible assets and incremental depreciation related to the fair value increase over net book value of acquired software assets in connection with the acquisition of Acima Holdings as described in Note 2.

(3) Represents stock compensation expense recognized for nine months ended September 30, 2021, related to common stock issued to Acima Holdings employees under restricted stock agreements as part of the acquisition proceeds subject to vesting restrictions, as described in Note 2 and Note 12.

(4) Includes $10.7 million in legal settlement reserves and $0.2 million in state sales tax assessment reserves. Amounts accrued for potential settlements do not represent our maximum loss exposure. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be significantly different than the amounts accrued for such matters due to the inherent uncertainty in litigation, regulatory and similar adversarial proceedings.