XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Segment Information [Abstract] |
Segment Information | Segment information for the three and nine months ended September 30, 2021 and 2020 is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Revenues |  |  |  |  |  |  |
Rent-A-Center Business | $ | 500,986 |  |  | $ | 474,223 |  |  | $ | 1,531,686 |  |  | $ | 1,388,380 |
Acima | 623,445 |  |  | 201,659 |  |  | 1,716,174 |  |  | 609,029 |
Mexico | 15,917 |  |  | 12,159 |  |  | 45,670 |  |  | 36,316 |
Franchising | 40,920 |  |  | 23,974 |  |  | 118,495 |  |  | 63,975 |
Total revenues | $ | 1,181,268 |  |  | $ | 712,015 |  |  | $ | 3,412,025 |  |  | $ | 2,097,700 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Gross profit |  |  |  |  |  |  |
Rent-A-Center Business | $ | 356,590 |  |  | $ | 332,742 |  |  | $ | 1,072,946 |  |  | $ | 966,347 |
Acima | 193,527 |  |  | 78,727 |  |  | 539,181 |  |  | 238,433 |
Mexico | 11,293 |  |  | 8,655 |  |  | 32,323 |  |  | 25,615 |
Franchising | 7,350 |  |  | 4,904 |  |  | 22,305 |  |  | 14,343 |
Total gross profit | $ | 568,760 |  |  | $ | 425,028 |  |  | $ | 1,666,755 |  |  | $ | 1,244,738 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Operating profit |  |  |  |  |  |  |
Rent-A-Center Business | $ | 109,272 |  |  | $ | 99,950 |  |  | $ | 357,036 |  |  | $ | 253,025 |
Acima | 51,884 |  |  | 16,073 |  |  | 144,797 |  |  | 40,528 |
Mexico | 2,285 |  |  | 1,724 |  |  | 6,659 |  |  | 3,743 |
Franchising | 4,816 |  |  | 3,146 |  |  | 15,495 |  |  | 8,694 |
Total segments | 168,257 |  |  | 120,893 |  |  | 523,987 |  |  | 305,990 |
Corporate | (101,111) |  |  | (40,706) |  |  | (280,276) |  |  | (123,293) |
Total operating profit | $ | 67,146 |  |  | $ | 80,187 |  |  | $ | 243,711 |  |  | $ | 182,697 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Depreciation and amortization |  |  |  |  |  |  |
Rent-A-Center Business | $ | 4,792 |  |  | $ | 4,926 |  |  | $ | 13,821 |  |  | $ | 14,759 |
Acima(1) | 570 |  |  | 541 |  |  | 1,568 |  |  | 1,542 |
Mexico | 130 |  |  | 104 |  |  | 369 |  |  | 292 |
Franchising | 24 |  |  | 15 |  |  | 58 |  |  | 28 |
Total segments | 5,516 |  |  | 5,586 |  |  | 15,816 |  |  | 16,621 |
Corporate(2) | 8,319 |  |  | 8,224 |  |  | 24,978 |  |  | 26,450 |
Total depreciation and amortization | $ | 13,835 |  |  | $ | 13,810 |  |  | $ | 40,794 |  |  | $ | 43,071 |
(1)Excludes amortization expense of approximately $29.2 million and $72.4 million for the three and nine months ended September 30, 2021, recorded to Other charges (gains) in the Condensed Consolidated Statement of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition (2)Excludes depreciation expense of approximately $4.0 million and $9.3 million for the three and nine months ended September 30, 2021, recorded to Other charges (gains) in the Condensed Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Capital expenditures |  |  |  |  |  |  |
Rent-A-Center Business | $ | 6,637 |  |  | $ | 5,721 |  |  | $ | 21,202 |  |  | $ | 10,205 |
Acima | 276 |  |  | 20 |  |  | 945 |  |  | 106 |
Mexico | 478 |  |  | 116 |  |  | 744 |  |  | 205 |
Total segments | 7,391 |  |  | 5,857 |  |  | 22,891 |  |  | 10,516 |
Corporate | 13,084 |  |  | 1,950 |  |  | 22,985 |  |  | 12,041 |
Total capital expenditures | $ | 20,475 |  |  | $ | 7,807 |  |  | $ | 45,876 |  |  | $ | 22,557 |
(in thousands) | September 30, 2021 |  | December 31, 2020
On rent rental merchandise, net |  |  |
Rent-A-Center Business | $ | 442,578 |  |  | $ | 444,945 |
Acima | 659,534 |  |  | 299,660 |
Mexico | 18,926 |  |  | 18,281 |
Total on rent rental merchandise, net | $ | 1,121,038 |  |  | $ | 762,886 |
(in thousands) | September 30, 2021 |  | December 31, 2020
Held for rent rental merchandise, net |  |  |
Rent-A-Center Business | $ | 139,441 |  |  | $ | 136,219 |
Acima | 858 |  |  | 2,228 |
Mexico | 7,456 |  |  | 7,819 |
Total held for rent rental merchandise, net | $ | 147,755 |  |  | $ | 146,266 |
(in thousands) | September 30, 2021 |  | December 31, 2020
Assets by segment |  |  |
Rent-A-Center Business | $ | 1,006,779 |  |  | $ | 999,252 |
Acima | 1,525,741 |  |  | 389,650 |
Mexico | 39,288 |  |  | 42,278 |
Franchising | 16,151 |  |  | 14,729 |
Total segments | 2,587,959 |  |  | 1,445,909 |
Corporate | 465,711 |  |  | 305,071 |
Total assets | $ | 3,053,670 |  |  | $ | 1,750,980 |

X
- Definition Segment Information [Abstract] + References No definition available. + Details
Name: | rcii_SegmentInformationAbstract
Namespace Prefix: | rcii_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration