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v3.20.2

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Information [Abstract] |
Segment Information | Segment information for the three and nine months ended September 30, 2020 and 2019 is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Revenues |  |  |  |  |  |  |
Rent-A-Center Business | $ | 474,223 |  |  | $ | 436,497 |  |  | $ | 1,388,380 |  |  | $ | 1,361,650 |
Preferred Lease | 201,659 |  |  | 184,486 |  |  | 609,029 |  |  | 557,397 |
Mexico | 12,159 |  |  | 13,370 |  |  | 36,316 |  |  | 40,266 |
Franchising | 23,974 |  |  | 15,018 |  |  | 63,975 |  |  | 42,677 |
Total revenues | $ | 712,015 |  |  | $ | 649,371 |  |  | $ | 2,097,700 |  |  | $ | 2,001,990 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Gross profit |  |  |  |  |  |  |
Rent-A-Center Business | $ | 332,742 |  |  | $ | 306,881 |  |  | $ | 966,347 |  |  | $ | 945,392 |
Preferred Lease | 78,727 |  |  | 80,113 |  |  | 238,433 |  |  | 246,821 |
Mexico | 8,655 |  |  | 9,286 |  |  | 25,615 |  |  | 27,966 |
Franchising | 4,904 |  |  | 3,716 |  |  | 14,343 |  |  | 12,754 |
Total gross profit | $ | 425,028 |  |  | $ | 399,996 |  |  | $ | 1,244,738 |  |  | $ | 1,232,933 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Operating profit |  |  |  |  |  |  |
Rent-A-Center Business | $ | 99,950 |  |  | $ | 52,175 |  |  | $ | 253,025 |  |  | $ | 170,411 |
Preferred Lease | 16,073 |  |  | 21,830 |  |  | 40,528 |  |  | 66,077 |
Mexico | 1,724 |  |  | 1,213 |  |  | 3,743 |  |  | 3,906 |
Franchising | 3,146 |  |  | 1,135 |  |  | 8,694 |  |  | 4,716 |
Total segments | 120,893 |  |  | 76,353 |  |  | 305,990 |  |  | 245,110 |
Corporate | (40,706) |  |  | (37,506) |  |  | (123,293) |  |  | (59,085) |
Total operating profit | $ | 80,187 |  |  | $ | 38,847 |  |  | $ | 182,697 |  |  | $ | 186,025 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Depreciation and amortization |  |  |  |  |  |  |
Rent-A-Center Business | $ | 4,926 |  |  | $ | 5,037 |  |  | $ | 14,759 |  |  | $ | 15,619 |
Preferred Lease | 541 |  |  | 379 |  |  | 1,542 |  |  | 1,040 |
Mexico | 104 |  |  | 82 |  |  | 292 |  |  | 317 |
Franchising | 15 |  |  | 3 |  |  | 28 |  |  | 42 |
Total segments | 5,586 |  |  | 5,501 |  |  | 16,621 |  |  | 17,018 |
Corporate | 8,224 |  |  | 9,393 |  |  | 26,450 |  |  | 28,770 |
Total depreciation and amortization | $ | 13,810 |  |  | $ | 14,894 |  |  | $ | 43,071 |  |  | $ | 45,788 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Capital expenditures |  |  |  |  |  |  |
Rent-A-Center Business | $ | 5,721 |  |  | $ | 4,129 |  |  | $ | 10,205 |  |  | $ | 5,594 |
Preferred Lease | 20 |  |  | 24 |  |  | 106 |  |  | 125 |
Mexico | 116 |  |  | 35 |  |  | 205 |  |  | 65 |
Total segments | 5,857 |  |  | 4,188 |  |  | 10,516 |  |  | 5,784 |
Corporate | 1,950 |  |  | 2,734 |  |  | 12,041 |  |  | 6,226 |
Total capital expenditures | $ | 7,807 |  |  | $ | 6,922 |  |  | $ | 22,557 |  |  | $ | 12,010 |
(in thousands) | September 30, 2020 |  | December 31, 2019
On rent rental merchandise, net |  |  |
Rent-A-Center Business | $ | 417,212 |  |  | $ | 411,482 |
Preferred Lease | 249,266 |  |  | 268,845 |
Mexico | 14,477 |  |  | 16,943 |
Total on rent rental merchandise, net | $ | 680,955 |  |  | $ | 697,270 |
(in thousands) | September 30, 2020 |  | December 31, 2019
Held for rent rental merchandise, net |  |  |
Rent-A-Center Business | $ | 112,176 |  |  | $ | 131,086 |
Preferred Lease | 1,969 |  |  | 1,254 |
Mexico | 5,758 |  |  | 6,078 |
Total held for rent rental merchandise, net | $ | 119,903 |  |  | $ | 138,418 |
(in thousands) | September 30, 2020 |  | December 31, 2019
Assets by segment |  |  |
Rent-A-Center Business | $ | 916,894 |  |  | $ | 953,151 |
Preferred Lease | 337,752 |  |  | 357,859 |
Mexico | 33,957 |  |  | 33,707 |
Franchising | 12,044 |  |  | 11,095 |
Total segments | 1,300,647 |  |  | 1,355,812 |
Corporate | 366,918 |  |  | 226,986 |
Total assets | $ | 1,667,565 |  |  | $ | 1,582,798 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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