Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Information [Abstract]

Segment Information

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Revenues
Rent-A-Center Business	$	500,986	$	474,223	$	1,531,686	$	1,388,380
Acima	623,445		201,659		1,716,174		609,029
Mexico	15,917		12,159		45,670		36,316
Franchising	40,920		23,974		118,495		63,975
Total revenues	$	1,181,268	$	712,015	$	3,412,025	$	2,097,700

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Gross profit
Rent-A-Center Business	$	356,590	$	332,742	$	1,072,946	$	966,347
Acima	193,527		78,727		539,181		238,433
Mexico	11,293		8,655		32,323		25,615
Franchising	7,350		4,904		22,305		14,343
Total gross profit	$	568,760	$	425,028	$	1,666,755	$	1,244,738

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Operating profit
Rent-A-Center Business	$	109,272	$	99,950	$	357,036	$	253,025
Acima	51,884		16,073		144,797		40,528
Mexico	2,285		1,724		6,659		3,743
Franchising	4,816		3,146		15,495		8,694
Total segments	168,257		120,893		523,987		305,990
Corporate	(101,111)		(40,706)		(280,276)		(123,293)
Total operating profit	$	67,146	$	80,187	$	243,711	$	182,697

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Depreciation and amortization
Rent-A-Center Business	$	4,792	$	4,926	$	13,821	$	14,759
Acima(1)	570		541		1,568		1,542
Mexico	130		104		369		292
Franchising	24		15		58		28
Total segments	5,516		5,586		15,816		16,621
Corporate(2)	8,319		8,224		24,978		26,450
Total depreciation and amortization	$	13,835	$	13,810	$	40,794	$	43,071

(1)Excludes amortization expense of approximately $29.2 million and $72.4 million for the three and nine months ended September 30, 2021, recorded to Other charges (gains) 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 $9.3 million for the three and nine months ended September 30, 2021, recorded to Other charges (gains) in the Condensed Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Capital expenditures
Rent-A-Center Business	$	6,637	$	5,721	$	21,202	$	10,205
Acima	276		20		945		106
Mexico	478		116		744		205
Total segments	7,391		5,857		22,891		10,516
Corporate	13,084		1,950		22,985		12,041
Total capital expenditures	$	20,475	$	7,807	$	45,876	$	22,557

(in thousands)	September 30, 2021		December 31, 2020
On rent rental merchandise, net
Rent-A-Center Business	$	442,578	$	444,945
Acima	659,534		299,660
Mexico	18,926		18,281
Total on rent rental merchandise, net	$	1,121,038	$	762,886

(in thousands)	September 30, 2021		December 31, 2020
Held for rent rental merchandise, net
Rent-A-Center Business	$	139,441	$	136,219
Acima	858		2,228
Mexico	7,456		7,819
Total held for rent rental merchandise, net	$	147,755	$	146,266

(in thousands)	September 30, 2021		December 31, 2020
Assets by segment
Rent-A-Center Business	$	1,006,779	$	999,252
Acima	1,525,741		389,650
Mexico	39,288		42,278
Franchising	16,151		14,729
Total segments	2,587,959		1,445,909
Corporate	465,711		305,071
Total assets	$	3,053,670	$	1,750,980