Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Information [Abstract]

Segment Information [Table Text Block]

Segment information as of and for the years ended December 31, 2022, 2021, and 2020 is as follows:

	Year Ended December 31,
(In thousands)	2022		2021		2020
Revenues
Rent-A-Center Business	$	1,949,864	$	2,037,849	$	1,852,641
Acima	2,110,320		2,328,089		810,151
Mexico	64,880		61,403		50,583
Franchising	120,328		156,110		100,816
Total revenues	$	4,245,392	$	4,583,451	$	2,814,191

	Year Ended December 31,
(In thousands)	2022		2021		2020
Gross profit
Rent-A-Center Business	$	1,372,863	$	1,433,536	$	1,294,695
Acima	632,244		728,852		321,110
Mexico	45,812		43,117		35,665
Franchising	28,613		29,507		20,682
Total gross profit	$	2,079,532	$	2,235,012	$	1,672,152

	Year Ended December 31,
(In thousands)	2022		2021		2020
Operating profit
Rent-A-Center Business	$	334,525	$	448,905	$	333,379
Acima	151,301		176,496		57,847
Mexico	6,267		7,858		5,798
Franchising	19,124		20,321		12,570
Total segments	511,217		653,580		409,594
Corporate(1)	(362,679)		(373,041)		(172,258)
Total operating profit	$	148,538	$	280,539	$	237,336

(1) Includes stock compensation expense of $143.2 million and $127.1 million for the twelve months ended December 31, 2022 and 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)	2022		2021		2020
Depreciation, amortization and write-down of intangibles
Rent-A-Center Business	$	20,526	$	18,588	$	19,912
Acima(1)	1,928		2,122		2,066
Mexico	711		511		413
Franchising	146		93		40
Total segments	23,311		21,314		22,431
Corporate(2)	29,768		33,516		34,227
Total depreciation, amortization and write-down of intangibles	$	53,079	$	54,830	$	56,658

(1) Excludes amortization expense of approximately $64.9 million and $101.7 million for the twelve months ended December 31, 2022 and 2021, respectively, recorded to Other charges 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 $15.9 million and $13.2 million for the twelve months ended December 31, 2022 and 2021, respectively, recorded to Other charges 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)	2022		2021		2020
Capital expenditures
Rent-A-Center Business	$	36,682	$	23,139	$	14,869
Acima	244		1,045		161
Mexico	1,590		1,032		392
Franchising	332		—		—
Total segments	38,848		25,216		15,422
Corporate	22,539		37,234		19,123
Total capital expenditures	$	61,387	$	62,450	$	34,545

	December 31,
(In thousands)	2022		2021		2020
On rent rental merchandise, net
Rent-A-Center Business	$	465,095	$	477,901	$	444,945
Acima	503,795		676,279		299,660
Mexico	20,979		18,844		18,281
Total on rent rental merchandise, net	$	989,869	$	1,173,024	$	762,886

	December 31,
(In thousands)	2022		2021		2020
Held for rent rental merchandise, net
Rent-A-Center Business	$	124,117	$	123,111	$	136,219
Acima	373		626		2,228
Mexico	10,469		9,247		7,819
Total held for rent rental merchandise, net	$	134,959	$	132,984	$	146,266

	December 31,
(In thousands)	2022		2021		2020
Assets by segment
Rent-A-Center Business	$	1,067,875	$	1,026,886	$	999,252
Acima	1,198,879		1,476,752		389,650
Mexico	51,225		41,669		42,278
Franchising	18,194		15,412		14,729
Total segments	2,336,173		2,560,719		1,445,909
Corporate	427,446		432,608		305,071
Total assets	$	2,763,619	$	2,993,327	$	1,750,980

	December 31,
(In thousands)	2022		2021		2020
Assets by country
United States	$	2,712,394	$	2,951,658	$	1,708,702
Mexico	51,225		41,669		42,278
Total assets	$	2,763,619	$	2,993,327	$	1,750,980

	Year Ended December 31,
(In thousands)	2022		2021		2020
Rentals and fees by inventory category
Furniture and accessories	$	1,323,437	$	1,542,003	$	1,028,876
Consumer electronics	482,959		435,004		358,931
Appliances	439,309		426,316		322,261
Wheels and tires	308,618		280,132		—
Jewelry	194,123		146,477		—
Computers	129,577		155,313		119,015
Smartphones	52,803		61,058		59,205
Other products and services	444,627		476,150		374,803
Total rentals and fees	$	3,375,453	$	3,522,453	$	2,263,091

	Year Ended December 31,
(In thousands)	2022		2021		2020
Revenue by country
United States	$	4,180,512	$	4,522,048	$	2,763,608
Mexico	64,880		61,403		50,583
Total revenues	$	4,245,392	$	4,583,451	$	2,814,191