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Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Acima acquisition [Table Text Block] The following table provides the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date:
(in thousands)February 17, 2021
Aggregate cash consideration$1,273,263 
Aggregate stock consideration, subject to lockup agreements120,929 
Total Purchase price$1,394,192 
ASSETS ACQUIRED
Receivables, net(1)
$25,255 
Prepaid expenses and other assets700 
Rental merchandise
On rent340,575 
Property assets171,455 
Operating lease right-of-use assets9,136 
Deferred income taxes28,559 
Goodwill219,530 
Other intangible assets520,000 
Total assets acquired$1,315,210 
LIABILITIES ASSUMED
Accounts payable - trade16,023 
Accrued liabilities11,716 
Operating lease liabilities9,689 
Deferred income taxes(116,410)
Total liabilities assumed(78,982)
Total equity value$1,394,192 
(1) Includes gross contractual receivables of $61.6 million related to merchandise lease contracts, of which $34.7 million were estimated to be uncollectible.
Acquisitions [Table Text Block] The following table provides information concerning other store acquisitions completed during the years ended December 31, 2021, 2020 and 2019.
Year Ended December 31,
(Dollar amounts in thousands)202120202019
Number of stores acquired remaining open1 — — 
Number of stores acquired that were merged with existing stores
— 2 4 
Number of transactions1 2 4 
Total purchase price$278 $700 $504 
Amounts allocated to:
Goodwill$— $— $66 
Customer relationships30 177 85 
Rental merchandise248 523 353 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] The fair value measurements for acquired intangible assets and developed technology were primarily based on significant unobservable inputs (Level 3) developed using company-specific information. Certain fair value estimates were determined based on an independent valuation of the net assets acquired,
including $340.6 million of rental merchandise and $520 million of identifiable intangible assets with an estimated weighted average useful life of 8 years, as follows:
Asset ClassEstimated Fair Value
(in thousands)		Estimated Remaining Useful Life (in years)
Merchant relationships$380,000 10
Relationship with existing lessees60,000 1
Trade name40,000 7
Non-compete agreements40,000 3
Pro Forma combined results The unaudited pro forma financial information is as follows:
Year Ended December 31,
(in thousands)20212020
(unaudited)(unaudited)
Pro Forma total revenues$4,778,055 $4,071,990 
Pro Forma net earnings(1)
178,103 66,352 
(1)Total pro forma adjustments to net earnings represented an increase of $16.0 million and a decrease of $356.8 million for the twelve months ended December 31, 2021 and 2020, respectively.
The amounts of revenue and earnings of Acima Holdings included in our Consolidated Statements of Operations as of December 31, 2021 and 2020 from the acquisition date of February 17th for each year presented are as follows:
(in thousands)
February 17, 2021 -
December 31, 2021
February 17, 2020 -
December 31, 2020
audited(unaudited)
Total revenues$1,495,746 $1,116,430 
Net earnings(1)
119,183 196,088 
(1)Net Earnings for the period February 17, 2021 - December 31, 2021 includes amortization of intangible assets acquired upon closing of the Acima Holdings acquisition.
Merchant Preferred acquisition The following table provides the final estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date:
(in thousands)August 13, 2019
Receivables$1,813 
Prepaid expenses and other assets154 
Rental merchandise17,904 
Software4,300 
Right of use operating leases404 
Other intangible assets8,900 
Goodwill13,403 
Lease liabilities(487)
Net identifiable assets acquired$46,391