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Segment Information | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | Note S — 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. All operating segments offer merchandise from four basic product categories: consumer electronics, appliances, computers, furniture and accessories, and our Core U.S. and franchising segments also offer smartphones. Reportable segments and their respective operations are defined as follows: Our Core U.S. segment primarily operates rent-to-own stores in the United States, Canada and Puerto Rico whose customers enter into weekly, semi-monthly or monthly rental purchase agreements, which renew automatically upon receipt of each payment. We retain the title to the merchandise during the term of the rental purchase agreement and ownership passes to the customer if the customer has continuously renewed the rental purchase agreement through the end of the term or exercises a specified early purchase option. This segment also includes the 45 stores operating in two states that utilize a retail model which generates installment credit sales through a retail sale transaction. Segment assets include cash, receivables, rental merchandise, property assets and other intangible assets. Our Acceptance Now segment operates kiosks within various traditional retailers’ locations where we generally offer the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer. The transaction offered is generally similar to that of the Core U.S. segment; however, the majority of the customers in this segment enter into monthly rather than weekly agreements. Segment assets include cash, rental merchandise, property assets, goodwill and other intangible assets. Our Mexico segment currently consists of our company-owned rent-to-own stores in Mexico. The nature of this segment's operations and assets are the same as our Core U.S. segment. The stores in our Franchising segment use Rent-A-Center’s, ColorTyme’s or RimTyme’s trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards. Franchising’s primary source of revenue is the sale of rental merchandise to its franchisees who, in turn, offer the merchandise to the general public for rent or purchase under a rent-to-own program. As franchisor, Franchising receives royalties of 2.0% to 6.0% of the franchisees' monthly gross revenue and initial fees for new locations. Segment assets include cash, franchise fee receivables, property assets and intangible assets. Segment information as of and for the years ended December 31, 2016, 2015 and 2014 is as follows:
| Year Ended December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Revenues |  |  |  |  |
Core U.S. | $ | 2,069,725 |  |  | $ | 2,371,823 |  |  | $ | 2,414,659 |
Acceptance Now | 817,814 |  |  | 818,325 |  |  | 644,853 |
Mexico | 50,927 |  |  | 63,803 |  |  | 72,202 |
Franchising | 24,786 |  |  | 24,469 |  |  | 26,082 |
Total revenues | $ | 2,963,252 |  |  | $ | 3,278,420 |  |  | $ | 3,157,796 |
| Year Ended December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Gross profit |  |  |  |  |
Core U.S. | $ | 1,467,679 |  |  | $ | 1,644,840 |  |  | $ | 1,753,269 |
Acceptance Now | 422,381 |  |  | 420,980 |  |  | 372,012 |
Mexico | 35,549 |  |  | 42,354 |  |  | 51,070 |
Franchising | 9,440 |  |  | 9,935 |  |  | 8,012 |
Total gross profit | $ | 1,935,049 |  |  | $ | 2,118,109 |  |  | $ | 2,184,363 |
| Year Ended December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Operating profit (loss) |  |  |  |  |
Core U.S. | $ | (1,020 | ) |  | $ | (959,447 | ) |  | $ | 264,967 |
Acceptance Now | 105,925 |  |  | 123,971 |  |  | 112,918 |
Mexico | (2,449 | ) |  | (14,149 | ) |  | (21,961 | )
Franchising | 5,650 |  |  | 5,793 |  |  | 3,295 |
Total segments | 108,106 |  |  | (843,832 | ) |  | 359,219 |
Corporate | (174,702 | ) |  | (164,056 | ) |  | (165,757 | )
Total operating (loss) profit | $ | (66,596 | ) |  | $ | (1,007,888 | ) |  | $ | 193,462 |
| Year Ended December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Depreciation, amortization and write-down of intangibles |  |  |  |  |
Core U.S. | $ | 39,734 |  |  | $ | 49,137 |  |  | $ | 57,324 |
Acceptance Now | 3,309 |  |  | 3,334 |  |  | 2,917 |
Mexico | 3,179 |  |  | 5,160 |  |  | 6,683 |
Franchising | 177 |  |  | 185 |  |  | 184 |
Total segments | 46,399 |  |  | 57,816 |  |  | 67,108 |
Corporate | 34,057 |  |  | 22,904 |  |  | 16,060 |
Total depreciation, amortization and write-down of intangibles | $ | 80,456 |  |  | $ | 80,720 |  |  | $ | 83,168 |
We recorded goodwill impairment charges of $151.3 million and $1,170.0 million in the Core U.S. segment during the fourth quarters of 2016 and 2015, respectively, not included in the table above.
| Year Ended December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Capital expenditures |  |  |  |  |
Core U.S. | $ | 20,802 |  |  | $ | 21,739 |  |  | $ | 31,228 |
Acceptance Now | 2,330 |  |  | 2,473 |  |  | 3,833 |
Mexico | 283 |  |  | 204 |  |  | 4,164 |
Total segments | 23,415 |  |  | 24,416 |  |  | 39,225 |
Corporate | 37,728 |  |  | 56,454 |  |  | 44,560 |
Total capital expenditures | $ | 61,143 |  |  | $ | 80,870 |  |  | $ | 83,785 |
| December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
On rent rental merchandise, net |  |  |  |  |
Core U.S. | $ | 426,845 |  |  | $ | 540,004 |  |  | $ | 593,945 |
Acceptance Now | 354,486 |  |  | 350,046 |  |  | 345,703 |
Mexico | 13,787 |  |  | 17,575 |  |  | 20,766 |
Total on rent rental merchandise, net | $ | 795,118 |  |  | $ | 907,625 |  |  | $ | 960,414 |
| December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Held for rent rental merchandise, net |  |  |  |  |
Core U.S. | $ | 192,718 |  |  | $ | 215,327 |  |  | $ | 264,211 |
Acceptance Now | 7,489 |  |  | 5,000 |  |  | 4,897 |
Mexico | 6,629 |  |  | 8,520 |  |  | 8,334 |
Total held for rent rental merchandise, net | $ | 206,836 |  |  | $ | 228,847 |  |  | $ | 277,442 |
| December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Assets by segment |  |  | Revised |  |
Core U.S. | $ | 872,551 |  |  | $ | 1,240,593 |  |  | $ | 2,519,770 |
Acceptance Now | 432,383 |  |  | 426,827 |  |  | 420,660 |
Mexico | 31,415 |  |  | 38,898 |  |  | 59,841 |
Franchising | 2,197 |  |  | 2,723 |  |  | 2,604 |
Total segments | 1,338,546 |  |  | 1,709,041 |  |  | 3,002,875 |
Corporate | 264,195 |  |  | 265,427 |  |  | 268,322 |
Total assets | $ | 1,602,741 |  |  | $ | 1,974,468 |  |  | $ | 3,271,197 |
| December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Assets by country |  |  | Revised |  |
United States | $ | 1,567,933 |  |  | $ | 1,930,676 |  |  | $ | 3,204,283 |
Mexico | 31,415 |  |  | 38,898 |  |  | 59,841 |
Canada | 3,393 |  |  | 4,894 |  |  | 7,073 |
Total assets | $ | 1,602,741 |  |  | $ | 1,974,468 |  |  | $ | 3,271,197 |
| Year Ended December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
Furniture and accessories | $ | 927,537 |  |  | $ | 955,576 |  |  | $ | 938,065 |
Consumer electronics | 553,976 |  |  | 626,668 |  |  | 642,226 |
Appliances | 391,539 |  |  | 415,278 |  |  | 422,979 |
Computers | 148,889 |  |  | 207,906 |  |  | 307,325 |
Smartphones | 93,449 |  |  | 163,667 |  |  | 68,015 |
Other products and services | 384,663 |  |  | 412,220 |  |  | 367,218 |
Total rentals and fees | $ | 2,500,053 |  |  | $ | 2,781,315 |  |  | $ | 2,745,828 |
Our revenues originate in the following countries:
| Year Ended December 31,
(In thousands) | 2016 |  | 2015 |  | 2014
United States | $ | 2,911,613 |  |  | $ | 3,209,736 |  |  | $ | 3,075,387 |
Mexico | 50,927 |  |  | 63,803 |  |  | 72,202 |
Canada | 712 |  |  | 4,881 |  |  | 10,207 |
Total revenues | $ | 2,963,252 |  |  | $ | 3,278,420 |  |  | $ | 3,157,796 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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