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v3.21.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Information [Abstract] |
Segment Information | Segment information for the three and nine months ended March 31, 2021 and 2020 is as follows:
|  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  | 2021 |  | 2020
Revenues |  |  |  |  |  |  |
Rent-A-Center Business |  |  |  |  | $ | 524,866 |  |  | $ | 454,965 |
Acima |  |  |  |  | 457,449 |  |  | 216,127 |
Mexico |  |  |  |  | 14,498 |  |  | 13,546 |
Franchising |  |  |  |  | 39,969 |  |  | 17,301 |
Total revenues |  |  |  |  | $ | 1,036,782 |  |  | $ | 701,939 |
|  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  | 2021 |  | 2020
Gross profit |  |  |  |  |  |  |
Rent-A-Center Business |  |  |  |  | $ | 359,169 |  |  | $ | 317,558 |
Acima |  |  |  |  | 134,250 |  |  | 88,315 |
Mexico |  |  |  |  | 10,212 |  |  | 9,528 |
Franchising |  |  |  |  | 6,892 |  |  | 4,777 |
Total gross profit |  |  |  |  | $ | 510,523 |  |  | $ | 420,178 |
|  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  | 2021 |  | 2020
Operating profit |  |  |  |  |  |  |
Rent-A-Center Business |  |  |  |  | $ | 121,277 |  |  | $ | 67,943 |
Acima |  |  |  |  | 24,814 |  |  | 18,222 |
Mexico |  |  |  |  | 1,954 |  |  | 967 |
Franchising |  |  |  |  | 4,985 |  |  | 2,519 |
Total segments |  |  |  |  | 153,030 |  |  | 89,651 |
Corporate |  |  |  |  | (82,984) |  |  | (40,776) |
Total operating profit |  |  |  |  | $ | 70,046 |  |  | $ | 48,875 |
|  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  | 2021 |  | 2020
Depreciation and amortization |  |  |  |  |  |  |
Rent-A-Center Business |  |  |  |  | $ | 4,577 |  |  | $ | 4,957 |
Acima(1) |  |  |  |  | 474 |  |  | 527 |
Mexico |  |  |  |  | 120 |  |  | 93 |
Franchising |  |  |  |  | 16 |  |  | 3 |
Total segments |  |  |  |  | 5,187 |  |  | 5,580 |
Corporate(2) |  |  |  |  | 8,206 |  |  | 9,333 |
Total depreciation and amortization |  |  |  |  | $ | 13,393 |  |  | $ | 14,913 |
(1)Excludes amortization of approximately $14.0 million recorded to Other charges in the Condensed Consolidated Statement of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition (2)Excludes depreciation of approximately $1.3 million recorded to Other charges in the Condensed Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition
|  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  | 2021 |  | 2020
Capital expenditures |  |  |  |  |  |  |
Rent-A-Center Business |  |  |  |  | $ | 6,257 |  |  | $ | 980 |
Acima |  |  |  |  | 154 |  |  | 84 |
Mexico |  |  |  |  | 76 |  |  | 37 |
Total segments |  |  |  |  | 6,487 |  |  | 1,101 |
Corporate |  |  |  |  | 4,901 |  |  | 8,050 |
Total capital expenditures |  |  |  |  | $ | 11,388 |  |  | $ | 9,151 |
(in thousands) | March 31, 2021 |  | December 31, 2020
On rent rental merchandise, net |  |  |
Rent-A-Center Business | $ | 446,180 |  |  | $ | 444,945 |
Acima | 651,764 |  |  | 299,660 |
Mexico | 17,969 |  |  | 18,281 |
Total on rent rental merchandise, net | $ | 1,115,913 |  |  | $ | 762,886 |
(in thousands) | March 31, 2021 |  | December 31, 2020
Held for rent rental merchandise, net |  |  |
Rent-A-Center Business | $ | 127,120 |  |  | $ | 136,219 |
Acima | 1,622 |  |  | 2,228 |
Mexico | 6,502 |  |  | 7,819 |
Total held for rent rental merchandise, net | $ | 135,244 |  |  | $ | 146,266 |
(in thousands) | March 31, 2021 |  | December 31, 2020
Assets by segment |  |  |
Rent-A-Center Business | $ | 978,190 |  |  | $ | 999,252 |
Acima | 1,566,395 |  |  | 389,650 |
Mexico | 36,076 |  |  | 42,278 |
Franchising | 16,114 |  |  | 14,729 |
Total segments | 2,596,775 |  |  | 1,445,909 |
Corporate | 410,183 |  |  | 305,071 |
Total assets | $ | 3,006,958 |  |  | $ | 1,750,980 |

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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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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