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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Information [Abstract]  
Segment Information
Segment information as of and for the three months ended March 31, 2025 and 2024 is as follows:
Three Months Ended March 31,
(in thousands)20252024
Revenues
Acima$637,287 $561,346 
Rent-A-Center
489,025 514,054 
Brigit31,861 — 
Mexico18,190 20,567 
Total revenues$1,176,363 $1,095,967 
Three Months Ended March 31,
(in thousands)20252024
Gross profit
Acima$186,451 $169,302 
Rent-A-Center322,826 345,050 
Brigit27,855 — 
Mexico12,997 14,716 
Total gross profit$550,129 $529,068 
Three Months Ended March 31,
(in thousands)20252024
Operating profit
Acima(1)
$73,708 $51,911 
Rent-A-Center(2)
66,415 78,138 
Brigit(3)
8,829 — 
Mexico(4)
1,223 1,696 
Total operating segments150,175 131,745 
Corporate(5)(6)
(87,560)(69,983)
Total operating profit(7)
$62,615 $61,762 
(1) Acima operating expenses for the three months ended March 31, 2025 and 2024 include operating labor expenses of $24.0 million and $25.9 million, respectively, and non-labor operating expenses of $76.9 million and $78.2 million, respectively. Acima non-labor operating expenses include Lease Charge-Offs ("LCOs") of $56.7 million and $53.9 million for the three months ended March 31, 2025 and 2024, respectively.
(2) Rent-A-Center operating expenses for the three months ended March 31, 2025 and 2024 include operating labor expenses of $120.2 million and $127.2 million, respectively, and non-labor operating expenses of $122.4 million and $129.8 million, respectively. Rent-A-Center non-labor operating expenses include LCOs of $20.4 million and $22.1 million for the three months ended March 31, 2025 and 2024, respectively.
(3) Brigit operating expenses for the three months ended March 31, 2025 include operating labor and non-labor operating expenses of $1.0 million and $14.4 million, respectively. Brigit non-labor operating expenses include net advance losses of $5.0 million for the three months ended March 31, 2025.
(4) Mexico operating expenses for the three months ended March 31, 2025 and 2024 include operating labor expenses of $4.3 million and $5.0 million, respectively, and non-labor operating expenses of $5.3 million and $5.9 million, respectively.
(5) Includes stock compensation expense of $4.1 million recognized for the three months ended March 31, 2025 related to common stock issued to Brigit employees under restricted stock agreements as part of the acquisition consideration subject to vesting restrictions as described in Note 11.
(6) Includes stock compensation expense of $4.9 million recognized for the three months ended March 31, 2024 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.
(7) The accounting policies of each of our segments are the same as those described for the Company in Note 1.
Three Months Ended March 31,
(in thousands)20252024
Depreciation and amortization
Acima(1)
$354 $290 
Rent-A-Center5,427 5,026 
Brigit(2)
11 — 
Mexico437 346 
Total operating segments6,229 5,662 
Corporate(3)(4)
6,023 7,811 
Total depreciation and amortization$12,252 $13,473 
(1) Excludes amortization expense of approximately $10.9 million and $12.7 million for the three months ended March 31, 2025, and 2024, 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 amortization expense of approximately $2.6 million for the three months ended March 31, 2025 recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Brigit acquisition. See Note 9 for additional information.
(3) Excludes depreciation expense of approximately $4.0 million and $8.5 million for the three months ended March 31, 2025, and 2024, respectively, 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.
(4) Excludes depreciation expense of approximately $1.6 million for the three months ended March 31, 2025 recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to software acquired upon closing of the Brigit acquisition. See Note 9 for additional information.
Three Months Ended March 31,
(in thousands)20252024
Capital expenditures
Acima$312 $219 
Rent-A-Center2,491 4,191 
Brigit46 — 
Mexico644 792 
Total operating segments3,493 5,202 
Corporate7,083 6,615 
Total capital expenditures$10,576 $11,817 
(in thousands)March 31, 2025December 31, 2024
On rent rental merchandise, net
Acima$638,761 $693,095 
Rent-A-Center396,567 420,382 
Mexico21,278 21,383 
Total on rent rental merchandise, net$1,056,606 $1,134,860 
(in thousands)March 31, 2025December 31, 2024
Held for rent rental merchandise, net
Acima$264 $261 
Rent-A-Center106,879 104,302 
Mexico9,132 9,359 
Total held for rent rental merchandise, net$116,275 $113,922 
(in thousands)March 31, 2025December 31, 2024
Assets by segment
Acima$1,232,101 $1,301,657 
Rent-A-Center954,341 977,787 
Brigit424,854 — 
Mexico49,863 47,608 
Total operating segments2,661,159 2,327,052 
Corporate381,971 322,610 
Total assets$3,043,130 $2,649,662