Receivables and Allowance for Doubtful Accounts (Tables)

12 Months Ended

Dec. 31, 2024

Receivables and Allowance for Doubtful Accounts [Abstract]

Receivables

Receivables consist of the following:

	December 31,
(in thousands)	2024		2023
Installment sales receivable	$	60,242	$	62,901
Trade and notes receivables(1)	109,486		62,358
Total receivables	169,728		125,259
Less allowance for doubtful accounts(2)	(13,290)		(14,254)
Total receivables, net of allowance for doubtful accounts	$	156,438	$	111,005

(1) Trade and notes receivables includes accrued revenue, adjusted for the probability of collection, related to our lease-to-own agreements of $51.1 million and $36.8 million at December 31, 2024 and 2023, respectively, including $46.6 million and $31.7 million related to lease-to-own agreements for Acima Holdings and $3.6 million and $3.3 million related to lease-to-own agreements for RAC at December 31, 2024 and 2023, respectively.

(2) Lease receivables are accrued on a net basis, adjusted for the probability of collection based on our assessment of historical collection rates, as described above. Therefore, we do not maintain a separate allowance for doubtful accounts related to our lease receivables.

Allowance for Doubtful Accounts

Changes in our allowance for doubtful accounts are as follows:

	Year Ended December 31,
(in thousands)	2024		2023		2022
Beginning allowance for doubtful accounts	$	14,254	$	13,214	$	8,479
Estimated uncollectible payments and returns(1)	19,350		25,869		24,658
Accounts written off, net of recoveries	(20,314)		(24,829)		(19,923)
Ending allowance for doubtful accounts	$	13,290	$	14,254	$	13,214

(1) Uncollectible installment payments, franchisee obligations, and other corporate receivables are recognized in non-labor store operating expenses in our consolidated financial statements.