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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Information [Abstract]  
Segment Information
Segment information as of and for the three and six months ended June 30, 2022 and 2021 is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Revenues
Rent-A-Center Business
$490,185 $505,834 $1,008,690 $1,030,700 
Acima(1)
530,170 635,280 1,129,546 1,092,729 
Mexico16,701 15,255 32,413 29,753 
Franchising34,199 37,606 60,327 77,575 
Total revenues$1,071,255 $1,193,975 $2,230,976 $2,230,757 
(1) Represents revenues for our Acima operating segment as defined in Note 1.
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Gross profit
Rent-A-Center Business$348,060 $357,187 $711,440 $716,356 
Acima(1)
165,081 211,404 329,308 345,654 
Mexico11,811 10,818 22,912 21,030 
Franchising7,592 8,063 14,978 14,955 
Total gross profit$532,544 $587,472 $1,078,638 $1,097,995 
(1) Represents gross profit for our Acima operating segment as defined in Note 1.
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Operating profit
Rent-A-Center Business$99,108 $126,487 $199,284 $247,764 
Acima(1)
35,835 68,099 45,433 92,913 
Mexico1,949 2,420 4,015 4,374 
Franchising5,303 5,694 10,093 10,679 
Total segments142,195 202,700 258,825 355,730 
Corporate(2)
(84,114)(96,181)(189,702)(179,165)
Total operating profit$58,081 $106,519 $69,123 $176,565 
(1) Represents operating profit for our Acima segment as defined in Note 1.
(2) Includes stock compensation expense of $32.9 million and $69.4 million recognized for the three and six months ended June 30, 2022, and $34.4 million and $50.3 million recognized for the three and six months ended June 30, 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 June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Depreciation and amortization
Rent-A-Center Business$4,622 $4,452 $11,036 $9,029 
Acima(1)(2)
475 524 1,057 998 
Mexico163 119 312 239 
Franchising38 18 75 34 
Total segments5,298 5,113 12,480 10,300 
Corporate(3)
7,582 8,453 14,930 16,659 
Total depreciation and amortization
$12,880 $13,566 $27,410 $26,959 
(1) Represents depreciation and amortization for our Acima segment as defined in Note 1.
(2)Excludes amortization expense of approximately $14.3 million and $36.4 million for the three and six months ended June 30, 2022, compared to $29.2 million and $43.2 million for the three and six months ended June 30, 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.
(3)Excludes depreciation expense of approximately $4.0 million and $8.0 million for the three and six months ended June 30, 2022, compared to $4.0 million and $5.3 million for the three and six months ended June 30, 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 June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Capital expenditures
Rent-A-Center Business$6,795 $8,308 $20,203 $14,565 
Acima(1)
143 515 189 669 
Mexico301 190 523 266 
Franchising— — 112 — 
Total segments7,239 9,013 21,027 15,500 
Corporate7,253 5,000 9,868 9,901 
Total capital expenditures$14,492 $14,013 $30,895 $25,401 
(1) Represents capital expenditures for our Acima segment as defined in Note 1.
(in thousands)June 30, 2022December 31, 2021
On rent rental merchandise, net
Rent-A-Center Business$458,849 $477,901 
Acima(1)
498,421 676,279 
Mexico19,908 18,844 
Total on rent rental merchandise, net$977,178 $1,173,024 
(1) Represents on-rent rental merchandise for our Acima segment as defined in Note 1.
(in thousands)June 30, 2022December 31, 2021
Held for rent rental merchandise, net
Rent-A-Center Business$131,264 $123,111 
Acima(1)
673 626 
Mexico8,833 9,247 
Total held for rent rental merchandise, net$140,770 $132,984 
(1) Represents held-for-rent rental merchandise for our Acima segment as defined in Note 1.
(in thousands)June 30, 2022December 31, 2021
Assets by segment
Rent-A-Center Business$1,041,788 $1,026,886 
Acima(1)
1,226,105 1,476,752 
Mexico45,346 41,669 
Franchising16,022 15,412 
Total segments2,329,261 2,560,719 
Corporate437,871 432,608 
Total assets$2,767,132 $2,993,327 
(1) Represents total assets for our Acima segment as defined in Note 1.