Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Information [Abstract]

Segment Information [Table Text Block]

Segment information as of and for the years ended December 31, 2021, 2020, and 2019 is as follows:

	Year Ended December 31,
(In thousands)	2021		2020		2019
Revenues
Rent-A-Center Business	$	2,037,849	$	1,852,641	$	1,800,486
Acima	2,328,089		810,151		749,260
Mexico	61,403		50,583		53,960
Franchising	156,110		100,816		66,146
Total revenues	$	4,583,451	$	2,814,191	$	2,669,852

	Year Ended December 31,
(In thousands)	2021		2020		2019
Gross profit
Rent-A-Center Business	$	1,433,536	$	1,294,695	$	1,255,153
Acima	728,852		321,110		333,798
Mexico	43,117		35,665		37,488
Franchising	29,507		20,682		17,632
Total gross profit	$	2,235,012	$	1,672,152	$	1,644,071

	Year Ended December 31,
(In thousands)	2021		2020		2019
Operating profit
Rent-A-Center Business	$	448,905	$	333,379	$	235,964
Acima	176,496		57,847		83,066
Mexico	7,858		5,798		5,357
Franchising	20,321		12,570		7,205
Total segments	653,580		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)	2021		2020		2019
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
Mexico	511		413		401
Franchising	93		40		45
Total segments	21,314		22,431		22,801
Corporate	33,516		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)	2021		2020		2019
Capital expenditures
Rent-A-Center Business	$	23,139	$	14,869	$	10,255
Acima	1,045		161		141
Mexico	1,032		392		172
Total segments	25,216		15,422		10,568
Corporate	37,234		19,123		10,589
Total capital expenditures	$	62,450	$	34,545	$	21,157

	December 31,
(In thousands)	2021		2020		2019
On rent rental merchandise, net
Rent-A-Center Business	$	477,901	$	444,945	$	411,482
Acima	676,279		299,660		268,845
Mexico	18,844		18,281		16,943
Total on rent rental merchandise, net	$	1,173,024	$	762,886	$	697,270

	December 31,
(In thousands)	2021		2020		2019
Held for rent rental merchandise, net
Rent-A-Center Business	$	123,111	$	136,219	$	131,086
Acima	626		2,228		1,254
Mexico	9,247		7,819		6,078
Total held for rent rental merchandise, net	$	132,984	$	146,266	$	138,418

	December 31,
(In thousands)	2021		2020		2019
Assets by segment
Rent-A-Center Business	$	1,026,886	$	999,252	$	953,151
Acima	1,476,752		389,650		357,859
Mexico	41,669		42,278		33,707
Franchising	15,412		14,729		11,095
Total segments	2,560,719		1,445,909		1,355,812
Corporate	432,608		305,071		226,986
Total assets	$	2,993,327	$	1,750,980	$	1,582,798

	December 31,
(In thousands)	2021		2020		2019
Assets by country
United States	$	2,951,658	$	1,708,702	$	1,547,895
Mexico	41,669		42,278		33,707
Canada	—		—		1,196
Total assets	$	2,993,327	$	1,750,980	$	1,582,798

	Year Ended December 31,
(In thousands)	2021		2020		2019
Rentals and fees by inventory category
Furniture and accessories	$	1,542,003	$	1,028,876	$	982,644
Consumer electronics	435,004		358,931		346,668
Appliances	426,316		322,261		358,619
Wheels and tires	280,132		—		—
Computers	155,313		119,015		103,171
Jewelry	146,477		—		—
Smartphones	61,058		59,205		62,948
Other products and services	476,150		374,803		370,352
Total rentals and fees	$	3,522,453	$	2,263,091	$	2,224,402

	Year Ended December 31,
(In thousands)	2021		2020		2019
Revenue by country
United States	$	4,522,048	$	2,763,608	$	2,615,892
Mexico	61,403		50,583		53,960
Total revenues	$	4,583,451	$	2,814,191	$	2,669,852