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Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Information [Abstract]  
Segment Information
Segment information as of and for the three months ended March 31, 2022 and 2021 is as follows:
Three Months Ended March 31,
(in thousands)20222021
Revenues
Rent-A-Center Business
$518,505 $524,866 
Acima599,377 457,449 
Mexico15,712 14,498 
Franchising26,128 39,969 
Total revenues$1,159,722 $1,036,782 
Three Months Ended March 31,
(in thousands)20222021
Gross profit
Rent-A-Center Business$363,380 $359,169 
Acima164,228 134,250 
Mexico11,101 10,212 
Franchising7,386 6,892 
Total gross profit$546,095 $510,523 
Three Months Ended March 31,
(in thousands)20222021
Operating profit
Rent-A-Center Business$100,176 $121,277 
Acima9,600 24,814 
Mexico2,066 1,954 
Franchising4,790 4,985 
Total segments116,632 153,030 
Corporate(1)
(105,589)(82,984)
Total operating profit$11,043 $70,046 
(1) Includes stock compensation expense of $36.6 million recognized for the three months ended March 31, 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 10.
Three Months Ended March 31,
(in thousands)20222021
Depreciation and amortization
Rent-A-Center Business$6,413 $4,577 
Acima(1)
582 474 
Mexico149 120 
Franchising37 16 
Total segments7,181 5,187 
Corporate(2)
7,348 8,206 
Total depreciation and amortization
$14,529 $13,393 
(1)Excludes amortization expense of approximately $22.1 million and $14.0 million for the three months ended March 31, 2022 and 2021, recorded to Other charges in the Condensed Consolidated Statement of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition. See Note 10 for additional information.
(2)Excludes depreciation expense of approximately $4.0 million and $1.3 million for the three months ended March 31, 2022 and 2021, recorded to Other charges in the Condensed Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition. See Note 10 for additional information.
Three Months Ended March 31,
(in thousands)20222021
Capital expenditures
Rent-A-Center Business$13,408 $6,257 
Acima46 154 
Mexico222 76 
Franchising112 — 
Total segments13,788 6,487 
Corporate2,615 4,901 
Total capital expenditures$16,403 $11,388 
(in thousands)March 31, 2022December 31, 2021
On rent rental merchandise, net
Rent-A-Center Business$455,828 $477,901 
Acima542,437 676,279 
Mexico19,220 18,844 
Total on rent rental merchandise, net$1,017,485 $1,173,024 
(in thousands)March 31, 2022December 31, 2021
Held for rent rental merchandise, net
Rent-A-Center Business$117,617 $123,111 
Acima1,159 626 
Mexico8,887 9,247 
Total held for rent rental merchandise, net$127,663 $132,984 
(in thousands)March 31, 2022December 31, 2021
Assets by segment
Rent-A-Center Business$1,003,246 $1,026,886 
Acima1,287,869 1,476,752 
Mexico43,243 41,669 
Franchising15,904 15,412 
Total segments2,350,262 2,560,719 
Corporate426,859 432,608 
Total assets$2,777,121 $2,993,327