Receivables and Allowance for Doubtful Accounts (Tables)

3 Months Ended

Mar. 31, 2026

Receivables and Allowance for Doubtful Accounts [Abstract]

Receivables

Receivables consist of the following:

(in thousands)	March 31, 2026		December 31, 2025
Trade and notes receivables(1)	$	104,712	$	112,490
Installment sales receivables	57,088		61,389
Customer cash advances	63,686		58,976
Total receivables	225,486		232,855
Less allowance for doubtful accounts(2)	(30,107)		(29,661)
Total receivables, net of allowance for doubtful accounts	$	195,379	$	203,194

(1) Trade and notes receivables includes accrued revenue, adjusted for the probability of collection, related to our lease-to-own agreements of $56.3 million and $55.9 million at March 31, 2026 and December 31, 2025, respectively, including $53.1 million and $51.9 million related to lease-to-own agreements for Acima Holdings and $2.9 million and $3.6 million related to lease-to-own agreements for Rent-A-Center at March 31, 2026 and December 31, 2025, 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.

Changes in Allowance for Doubtful Accounts

Changes in our allowance for doubtful accounts are as follows:

(in thousands)	March 31, 2026
Beginning allowance for doubtful accounts	$	29,661
Bad debt expense(1)	21,949
Accounts written off, net of recoveries	(21,503)
Ending allowance for doubtful accounts	$	30,107

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

The details of Brigit customer cash advances aging are as follows:

	March 31, 2026
($ in thousands)	Amount		Percent
0-15 days	$	47,029	74	%
16-30 days	10,573		17	%
31-45 days	4,080		6	%
45+ days	2,004		3	%
Customer cash advances before allowance for doubtful accounts	$	63,686	100.0	%

	December 31, 2025
($ in thousands)	Amount		Percent
0-15 days	$	44,077	75	%
16-30 days	9,844		17	%
31-45 days	3,731		6	%
45+ days	1,324		2	%
Customer cash advances before allowance for doubtful accounts	$	58,976	100.0	%

Financing Receivable, Past Due

The details of Brigit customer cash advances aging are as follows:

	March 31, 2026
($ in thousands)	Amount		Percent
0-15 days	$	47,029	74	%
16-30 days	10,573		17	%
31-45 days	4,080		6	%
45+ days	2,004		3	%
Customer cash advances before allowance for doubtful accounts	$	63,686	100.0	%

	December 31, 2025
($ in thousands)	Amount		Percent
0-15 days	$	44,077	75	%
16-30 days	9,844		17	%
31-45 days	3,731		6	%
45+ days	1,324		2	%
Customer cash advances before allowance for doubtful accounts	$	58,976	100.0	%