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Segment Information
 6 Months Ended
Jun. 30, 2024
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, such as: furniture, including mattresses; tires; consumer electronics; appliances; tools; handbags; computers; smartphones; and accessories.
Segment information as of and for the three and six months ended June 30, 2024 and 2023 is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Revenues
Acima$552,794 $464,358 $1,114,140 $948,206 
Rent-A-Center
474,903 466,191 960,656 951,199 
Mexico20,868 18,454 41,435 35,883 
Franchising27,945 30,160 56,246 59,936 
Total revenues$1,076,510 $979,163 $2,172,477 $1,995,224 
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Gross profit
Acima$179,611 $159,687 $348,913 $314,832 
Rent-A-Center330,505 326,253 668,148 657,979 
Mexico15,011 13,047 29,727 25,436 
Franchising6,832 7,239 14,239 14,243 
Total gross profit$531,959 $506,226 $1,061,027 $1,012,490 
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Operating profit
Acima$69,991 $63,109 $121,902 $116,979 
Rent-A-Center67,033 78,914 141,807 147,875 
Mexico1,559 1,298 3,255 2,293 
Franchising4,529 4,979 7,893 9,739 
Total segments143,112 148,300 274,857 276,886 
Corporate(1)
(62,457)(64,269)(132,440)(227,968)
Total operating profit$80,655 $84,031 $142,417 $48,918 
(1) Includes stock compensation expense of $4.9 million recognized for the six months ended June 30, 2024 and $9.3 million and $118.7 million recognized for the three and six months ended June 30, 2023, respectively, 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. These restricted stock agreements were fully vested during the three months ended March 31, 2024

Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Depreciation and amortization
Acima(1)
$382 $416 $672 $843 
Rent-A-Center4,780 4,573 9,770 9,543 
Mexico388 293 734 535 
Franchising36 36 72 74 
Total segments5,586 5,318 11,248 10,995 
Corporate(2)
7,032 7,279 14,843 14,483 
Total depreciation and amortization
$12,618 $12,597 $26,091 $25,478 
(1) Excludes amortization expense of approximately $10.9 million and $23.6 million for the three and six months ended June 30, 2024, and $14.3 million and $28.5 million for the three and six months ended June 30, 2023, respectively, recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition. See Note 8 for additional information.
(2) Excludes depreciation expense of approximately $5.5 million and $14.0 million for the three and six months ended June 30, 2024, and $3.9 million and $7.9 million for the three and six months ended June 30, 2023 recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to software acquired upon closing of the Acima Holdings acquisition and accelerated software depreciation. See Note 8 for additional information.
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Capital expenditures
Acima$989 $24 $1,208 $82 
Rent-A-Center6,263 2,788 10,454 5,765 
Mexico706 678 1,498 1,394 
Franchising— — — 1 
Total segments7,958 3,490 13,160 7,242 
Corporate6,469 8,370 13,084 14,152 
Total capital expenditures$14,427 $11,860 $26,244 $21,394 
(in thousands)June 30, 2024December 31, 2023
On rent rental merchandise, net
Acima$608,634 $606,912 
Rent-A-Center433,593 478,774 
Mexico22,715 24,210 
Total on rent rental merchandise, net$1,064,942 $1,109,896 
(in thousands)June 30, 2024December 31, 2023
Held for rent rental merchandise, net
Acima$248 $498 
Rent-A-Center117,684 112,129 
Mexico10,983 11,540 
Total held for rent rental merchandise, net$128,915 $124,167 
(in thousands)June 30, 2024December 31, 2023
Assets by segment
Acima$1,206,064 $1,221,845 
Rent-A-Center988,472 1,061,107 
Mexico59,001 57,347 
Franchising20,698 18,023 
Total segments2,274,235 2,358,322 
Corporate346,044 363,108 
Total assets$2,620,279 $2,721,430