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Other Charges (Notes) | 6 Months Ended
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Jun. 30, 2021
Restructuring and Related Activities [Abstract] |
Other Charges | Other Charges Acima Holdings Acquisition. As described in Note 2, on February 17, 2021, we completed the acquisition of Acima Holdings, a leading provider of virtual lease-to-own solutions. Included in the aggregate consideration issued to the former owners of Acima Holdings was 8,096,595 of common shares, valued at $414.1 million, subject to 36-month vesting conditions under restricted stock agreements, which will be recognized over the vesting term as stock compensation expense. During the six months ended June 30, 2021, we recognized approximately $50.3 million in stock compensation expense related to these restricted stock agreements. The fair value of assets acquired as part of the transaction included $520 million in intangible assets and $170 million in developed technology. During the six months ended June 30, 2021, we recognized approximately $43.2 million in amortization expense and $5.3 million in incremental depreciation expense related to these assets. Furthermore, during the six months ended June 30, 2021 we recognized approximately $17.1 million in transaction costs associated with the closing of the transaction, and approximately $3.9 million in post-acquisition integration costs, including $3.1 million in employee severance and $0.8 million in other integration costs, including reorganization advisory fees. Activity with respect to Other charges for the six months ended June 30, 2021 is summarized in the below table:
(in thousands) | Accrued Charges at December 31, 2020 |  | Charges & Adjustments |  | Payments & Adjustments |  | Accrued Charges at June 30, 2021
Cash charges: |  |  |  |  |  |  |
Acima Holdings transaction costs | $ | 5,005 |  |  | $ | 17,111 |  |  | $ | (21,654) |  |  | $ | 462 |
Acima Holdings integration costs | — |  |  | 3,932 |  |  | (1,496) |  |  | 2,436 |
Other cash charges(1) | 344 |  |  | 297 |  |  | (641) |  |  | — |
Total cash charges | $ | 5,349 |  |  | 21,340 |  |  | $ | (23,791) |  |  | $ | 2,898 |
Non-cash charges: |  |  |  |  |  |  |
Depreciation and amortization of acquired assets(2) |  |  | 48,492 |  |  |  |  |
Acima Holdings restricted stock agreements(3) |  |  | 50,292 |  |  |  |  |
Legal settlement reserves |  |  | 3,500 |  |  |  |  |
Asset impairments(4) |  |  | 148 |  |  |  |  |
Total other charges |  |  | $ | 123,772 |  |  |  |  |
(1) Represents employee severance, shutdown and holding expenses related to store closures. (2) Represents amortization of the total fair value of acquired intangible assets and incremental depreciation related to the fair value increase over net book value of acquired software assets in connection with the acquisition of Acima Holdings as described Note 2. (3) Represents stock compensation expense recognized for six months ended June 30, 2021, related to common stock issued to Acima Holdings employees under restricted stock agreements as part of the acquisition proceeds subject to vesting restrictions, as described in Note 2 and Note 12. (4) Asset impairments primarily includes impairments of operating lease right-of-use assets and other property assets related to the closure of Rent-A-Center Business stores for the six months ended June 30, 2021.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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