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Segment Information (Notes)
 12 Months Ended
Dec. 31, 2021
Segment Information [Abstract]  
Segment Information [Text Block] Segment Information
The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by the chief operating decision makers. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. Within our operating segments, we offer merchandise for lease from certain basic product categories: furniture, including mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.
We report financial operating performance under four operating segments. To better reflect the Company's current strategic focus, our retail partner business operations are now reported as the Acima segment (formerly Preferred Lease), which includes our virtual and staffed business models; and our Rent-A-Center Business segment (formerly Core U.S.), which operates our company-owned stores and e-commerce platform through rentacenter.com. In addition, we report operating results for our Mexico and Franchising segments. Reportable segments and their respective operations are defined as follows.
Our Rent-A-Center Business segment primarily operates lease-to-own stores in the United States and Puerto Rico whose customers enter into weekly, semi-monthly or monthly rental purchase agreements, which renew automatically upon receipt of each payment. We retain the title to the merchandise during the term of the rental purchase agreement and ownership passes to the customer if the customer has continuously renewed the rental purchase agreement through the end of the term or exercises a specified early purchase option. This segment also includes the 45 stores operating in two states that utilize a retail model which generates installment credit sales through a retail sale transaction. Segment assets include cash, receivables, rental merchandise, property assets and other intangible assets.
Our Acima segment, which primarily operates in the United States and Puerto Rico, and which includes the operations of Acima Holdings acquired in February 2021 and our former Preferred Lease virtual and staffed locations, generally offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer. The Acima segment offers the lease-to-own transaction through our virtual offering solutions across e-commerce, digital, and mobile channels, and through staffed and unstaffed kiosks located within such retailer’s locations.
Our Mexico segment currently consists of our company-owned lease-to-own stores in Mexico. The nature of this segment's operations and assets are the same as our Rent-A-Center Business segment.
The stores in our Franchising segment use Rent-A-Center’s, ColorTyme’s or RimTyme’s trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards. Franchising’s primary source of revenue is the sale of rental merchandise to its franchisees who, in turn, offer the merchandise to the general public for rent or purchase under a lease-to-own program. As franchisor, Franchising receives royalties of 2.0% to 6.0% of the franchisees' monthly gross revenue and initial fees for new locations. Segment assets include cash, trade receivables, property assets and intangible assets.
Segment information as of and for the years ended December 31, 2021, 2020, and 2019 is as follows:
Year Ended December 31,
(In thousands)202120202019
Revenues
Rent-A-Center Business$2,037,849 $1,852,641 $1,800,486 
Acima2,328,089 810,151 749,260 
Mexico61,403 50,583 53,960 
Franchising156,110 100,816 66,146 
Total revenues$4,583,451 $2,814,191 $2,669,852 
Year Ended December 31,
(In thousands)202120202019
Gross profit
Rent-A-Center Business$1,433,536 $1,294,695 $1,255,153 
Acima728,852 321,110 333,798 
Mexico43,117 35,665 37,488 
Franchising29,507 20,682 17,632 
Total gross profit$2,235,012 $1,672,152 $1,644,071 
Year Ended December 31,
(In thousands)202120202019
Operating profit
Rent-A-Center Business$448,905 $333,379 $235,964 
Acima176,496 57,847 83,066 
Mexico7,858 5,798 5,357 
Franchising20,321 12,570 7,205 
Total segments653,580 409,594 331,592 
Corporate(1)
(373,041)(172,258)(77,733)
Total operating profit$280,539 $237,336 $253,859 
(1) Includes stock compensation expense of $127.1 million recognized in 2021, related to common stock issued to Acima Holdings employees under restricted stock agreements as part of the acquisition consideration subject to vesting restrictions as described in Note N.

Year Ended December 31,
(In thousands)202120202019
Depreciation, amortization and write-down of intangibles
Rent-A-Center Business$18,588 $19,912 $20,822 
Acima(1)(2)
2,122 2,066 1,533 
Mexico511 413 401 
Franchising93 40 45 
Total segments21,314 22,431 22,801 
Corporate33,516 34,227 38,303 
Total depreciation, amortization and write-down of intangibles$54,830 $56,658 $61,104 
(1)Excludes amortization expense of approximately $101.7 million for the twelve months ended December 31, 2021, recorded to Other charges (gains) in the Consolidated Statement of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition, see Note N for additional information.
(2)Excludes depreciation expense of approximately $13.2 million for the twelve months ended December 31, 2021, recorded to Other charges (gains) in the Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition, see Note N for additional information.

Year Ended December 31,
(In thousands)202120202019
Capital expenditures
Rent-A-Center Business$23,139 $14,869 $10,255 
Acima1,045 161 141 
Mexico1,032 392 172 
Total segments25,216 15,422 10,568 
Corporate37,234 19,123 10,589 
Total capital expenditures$62,450 $34,545 $21,157 
December 31,
(In thousands)202120202019
On rent rental merchandise, net
Rent-A-Center Business$477,901 $444,945 $411,482 
Acima676,279 299,660 268,845 
Mexico18,844 18,281 16,943 
Total on rent rental merchandise, net$1,173,024 $762,886 $697,270 
December 31,
(In thousands)202120202019
Held for rent rental merchandise, net
Rent-A-Center Business$123,111 $136,219 $131,086 
Acima626 2,228 1,254 
Mexico9,247 7,819 6,078 
Total held for rent rental merchandise, net$132,984 $146,266 $138,418 
December 31,
(In thousands)202120202019
Assets by segment
Rent-A-Center Business$1,026,886 $999,252 $953,151 
Acima1,476,752 389,650 357,859 
Mexico41,669 42,278 33,707 
Franchising15,412 14,729 11,095 
Total segments2,560,719 1,445,909 1,355,812 
Corporate432,608 305,071 226,986 
Total assets$2,993,327 $1,750,980 $1,582,798 
December 31,
(In thousands)202120202019
Assets by country
United States$2,951,658 $1,708,702 $1,547,895 
Mexico41,669 42,278 33,707 
Canada— — 1,196 
Total assets$2,993,327 $1,750,980 $1,582,798 
 Year Ended December 31,
(In thousands)202120202019
Rentals and fees by inventory category
Furniture and accessories$1,542,003 $1,028,876 $982,644 
Consumer electronics435,004 358,931 346,668 
Appliances426,316 322,261 358,619 
Wheels and tires280,132 — — 
Computers155,313 119,015 103,171 
Jewelry146,477 — — 
Smartphones61,058 59,205 62,948 
Other products and services476,150 374,803 370,352 
Total rentals and fees$3,522,453 $2,263,091 $2,224,402 
 Year Ended December 31,
(In thousands)202120202019
Revenue by country
United States$4,522,048 $2,763,608 $2,615,892 
Mexico61,403 50,583 53,960 
Total revenues$4,583,451 $2,814,191 $2,669,852