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Segment Information
 9 Months Ended
Sep. 30, 2023
Segment Information [Abstract]  
Segment Information Segment Information
The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by the chief operating decision makers. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. Within our operating segments, we offer merchandise for lease from certain basic product categories: furniture, including mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.
Segment information as of and for the three and nine months ended September 30, 2023 and 2022 is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2023202220232022
Revenues
Rent-A-Center
$453,632 $473,755 $1,404,831 $1,482,445 
Acima475,216 504,448 1,423,421 1,633,994 
Mexico19,642 16,041 55,526 48,454 
Franchising30,608 29,713 90,544 90,040 
Total revenues$979,098 $1,023,957 $2,974,322 $3,254,933 
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2023202220232022
Gross profit
Rent-A-Center$317,233 $334,892 $975,210 $1,046,332 
Acima159,427 152,434 474,258 481,742 
Mexico13,971 11,330 39,410 34,242 
Franchising6,535 6,879 20,778 21,857 
Total gross profit$497,166 $505,535 $1,509,656 $1,584,173 
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2023202220232022
Operating profit
Rent-A-Center$63,762 $71,999 $211,637 $271,283 
Acima58,124 48,885 175,103 94,318 
Mexico1,124 996 3,417 5,011 
Franchising3,541 5,077 13,280 15,170 
Total segments126,551 126,957 403,437 385,782 
Corporate(1)
(68,499)(89,880)(296,467)(279,582)
Total operating profit$58,052 $37,077 $106,970 $106,200 
(1) Includes stock compensation expense of $9.4 million and $128.1 million recognized for the three and nine months ended September 30, 2023 and $42.1 million and $111.5 million recognized for the three and nine months ended September 30, 2022, 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 11.

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2023202220232022
Depreciation and amortization
Rent-A-Center$4,421 $4,629 $13,964 $15,665 
Acima(1)
420 439 1,263 1,496 
Mexico345 182 880 494 
Franchising36 35 110 110 
Total segments5,222 5,285 16,217 17,765 
Corporate(2)
7,402 7,513 21,885 22,443 
Total depreciation and amortization
$12,624 $12,798 $38,102 $40,208 
(1) Excludes amortization expense of approximately $14.3 million and $42.8 million for the three and nine months ended September 30, 2023, compared to $14.2 million and $50.6 million for the three and nine months ended September 30, 2022, 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 9 for additional information.
(2) Excludes depreciation expense of approximately $8.6 million and $16.5 million for both the three and nine months ended September 30, 2023, compared to $3.9 million and $11.9 million for the three and nine months ended September 30, 2022, recorded to Other charges in the Condensed Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition and accelerated software depreciation. See Note 9 for additional information.
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2023202220232022
Capital expenditures
Rent-A-Center$6,822 $10,714 $12,587 $30,917 
Acima121 16 203 205 
Mexico508 696 1,902 1,219 
Franchising— 166 1 278 
Total segments7,451 11,592 14,693 32,619 
Corporate7,322 6,949 21,474 16,817 
Total capital expenditures$14,773 $18,541 $36,167 $49,436 
(in thousands)September 30, 2023December 31, 2022
On rent rental merchandise, net
Rent-A-Center$429,614 $465,095 
Acima517,302 503,795 
Mexico22,049 20,979 
Total on rent rental merchandise, net$968,965 $989,869 
(in thousands)September 30, 2023December 31, 2022
Held for rent rental merchandise, net
Rent-A-Center$111,311 $124,117 
Acima509 373 
Mexico10,673 10,469 
Total held for rent rental merchandise, net$122,493 $134,959 
(in thousands)September 30, 2023December 31, 2022
Assets by segment
Rent-A-Center$960,425 $1,067,875 
Acima1,172,466 1,198,879 
Mexico60,676 51,225 
Franchising19,192 18,194 
Total segments2,212,759 2,336,173 
Corporate413,316 427,446 
Total assets$2,626,075 $2,763,619