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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2023
Segment Information [Abstract]  
Segment Information
Segment information as of and for the three and nine months ended September 30, 2024 and 2023 is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Revenues
Acima$566,183 $475,216 $1,680,323 $1,423,421 
Rent-A-Center
458,743 453,632 1,419,399 1,404,831 
Mexico19,030 19,642 60,465 55,526 
Franchising24,903 30,608 81,149 90,544 
Total revenues$1,068,859 $979,098 $3,241,336 $2,974,322 
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Gross profit
Acima$173,969 $159,427 $522,882 $474,258 
Rent-A-Center316,750 317,233 984,898 975,210 
Mexico13,714 13,971 43,441 39,410 
Franchising6,653 6,535 20,892 20,778 
Total gross profit$511,086 $497,166 $1,572,113 $1,509,656 
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Operating profit
Acima$63,994 $58,124 $185,896 $175,103 
Rent-A-Center68,923 63,762 210,730 211,637 
Mexico884 1,124 4,139 3,417 
Franchising4,344 3,541 12,237 13,280 
Total operating segments138,145 126,551 413,002 403,437 
Corporate(1)
(68,086)(68,499)(200,526)(296,467)
Total operating profit$70,059 $58,052 $212,476 $106,970 
(1) Includes stock compensation expense of $4.9 million recognized for the nine months ended September 30, 2024 and $9.4 million and $128.1 million recognized for the three and nine months ended September 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 11. These restricted stock agreements were fully vested during the three months ended March 31, 2024.

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Depreciation and amortization
Acima(1)
$352 $420 $1,024 $1,263 
Rent-A-Center5,207 4,421 14,977 13,964 
Mexico405 345 1,139 880 
Franchising36 36 108 110 
Total operating segments6,000 5,222 17,248 16,217 
Corporate(2)
6,770 7,402 21,613 21,885 
Total depreciation and amortization
$12,770 $12,624 $38,861 $38,102 
(1) Excludes amortization expense of approximately $10.9 million and $34.5 million for the three and nine months ended September 30, 2024, and $14.3 million and $42.8 million for the three and nine months ended September 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 9 for additional information.
(2) Excludes depreciation expense of approximately $4.0 million and $18.0 million for the three and nine months ended September 30, 2024, and $8.6 million and $16.5 million for the three and nine months ended September 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 9 for additional information.
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Capital expenditures
Acima$246 $121 $1,454 $203 
Rent-A-Center10,089 6,822 20,543 12,587 
Mexico199 508 1,697 1,902 
Franchising— — — 1 
Total operating segments10,534 7,451 23,694 14,693 
Corporate7,414 7,322 20,498 21,474 
Total capital expenditures$17,948 $14,773 $44,192 $36,167 
(in thousands)September 30, 2024December 31, 2023
On rent rental merchandise, net
Acima$602,303 $606,912 
Rent-A-Center393,403 478,774 
Mexico21,010 24,210 
Total on rent rental merchandise, net$1,016,716 $1,109,896 
(in thousands)September 30, 2024December 31, 2023
Held for rent rental merchandise, net
Acima$176 $498 
Rent-A-Center112,824 112,129 
Mexico10,055 11,540 
Total held for rent rental merchandise, net$123,055 $124,167 
(in thousands)September 30, 2024December 31, 2023
Assets by segment
Acima$1,209,699 $1,221,845 
Rent-A-Center925,929 1,061,107 
Mexico56,424 57,347 
Franchising20,412 18,023 
Total operating segments2,212,464 2,358,322 
Corporate366,026 363,108 
Total assets$2,578,490 $2,721,430