XML 57 R43.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Information [Abstract] |
Segment Information [Table Text Block] | Segment information as of and for the years ended December 31, 2021, 2020, and 2019 is as follows:
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Revenues |  |  |  |  |
Rent-A-Center Business | $ | 2,037,849 |  |  | $ | 1,852,641 |  |  | $ | 1,800,486 |
Acima | 2,328,089 |  |  | 810,151 |  |  | 749,260 |
Mexico | 61,403 |  |  | 50,583 |  |  | 53,960 |
Franchising | 156,110 |  |  | 100,816 |  |  | 66,146 |
Total revenues | $ | 4,583,451 |  |  | $ | 2,814,191 |  |  | $ | 2,669,852 |
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Gross profit |  |  |  |  |
Rent-A-Center Business | $ | 1,433,536 |  |  | $ | 1,294,695 |  |  | $ | 1,255,153 |
Acima | 728,852 |  |  | 321,110 |  |  | 333,798 |
Mexico | 43,117 |  |  | 35,665 |  |  | 37,488 |
Franchising | 29,507 |  |  | 20,682 |  |  | 17,632 |
Total gross profit | $ | 2,235,012 |  |  | $ | 1,672,152 |  |  | $ | 1,644,071 |
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Operating profit |  |  |  |  |
Rent-A-Center Business | $ | 448,905 |  |  | $ | 333,379 |  |  | $ | 235,964 |
Acima | 176,496 |  |  | 57,847 |  |  | 83,066 |
Mexico | 7,858 |  |  | 5,798 |  |  | 5,357 |
Franchising | 20,321 |  |  | 12,570 |  |  | 7,205 |
Total segments | 653,580 |  |  | 409,594 |  |  | 331,592 |
Corporate(1) | (373,041) |  |  | (172,258) |  |  | (77,733) |
Total operating profit | $ | 280,539 |  |  | $ | 237,336 |  |  | $ | 253,859 |
(1) Includes stock compensation expense of $127.1 million recognized in 2021, related to common stock issued to Acima Holdings employees under restricted stock agreements as part of the acquisition consideration subject to vesting restrictions as described in Note N.
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Depreciation, amortization and write-down of intangibles |  |  |  |  |
Rent-A-Center Business | $ | 18,588 |  |  | $ | 19,912 |  |  | $ | 20,822 |
Acima(1)(2) | 2,122 |  |  | 2,066 |  |  | 1,533 |
Mexico | 511 |  |  | 413 |  |  | 401 |
Franchising | 93 |  |  | 40 |  |  | 45 |
Total segments | 21,314 |  |  | 22,431 |  |  | 22,801 |
Corporate | 33,516 |  |  | 34,227 |  |  | 38,303 |
Total depreciation, amortization and write-down of intangibles | $ | 54,830 |  |  | $ | 56,658 |  |  | $ | 61,104 |
(1)Excludes amortization expense of approximately $101.7 million for the twelve months ended December 31, 2021, recorded to Other charges (gains) in the Consolidated Statement of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition, see Note N for additional information. (2)Excludes depreciation expense of approximately $13.2 million for the twelve months ended December 31, 2021, recorded to Other charges (gains) in the Consolidated Statement of Operations, related to software acquired upon closing of the Acima Holdings acquisition, see Note N for additional information.
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Capital expenditures |  |  |  |  |
Rent-A-Center Business | $ | 23,139 |  |  | $ | 14,869 |  |  | $ | 10,255 |
Acima | 1,045 |  |  | 161 |  |  | 141 |
Mexico | 1,032 |  |  | 392 |  |  | 172 |
Total segments | 25,216 |  |  | 15,422 |  |  | 10,568 |
Corporate | 37,234 |  |  | 19,123 |  |  | 10,589 |
Total capital expenditures | $ | 62,450 |  |  | $ | 34,545 |  |  | $ | 21,157 |
| December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
On rent rental merchandise, net |  |  |  |  |
Rent-A-Center Business | $ | 477,901 |  |  | $ | 444,945 |  |  | $ | 411,482 |
Acima | 676,279 |  |  | 299,660 |  |  | 268,845 |
Mexico | 18,844 |  |  | 18,281 |  |  | 16,943 |
Total on rent rental merchandise, net | $ | 1,173,024 |  |  | $ | 762,886 |  |  | $ | 697,270 |
| December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Held for rent rental merchandise, net |  |  |  |  |
Rent-A-Center Business | $ | 123,111 |  |  | $ | 136,219 |  |  | $ | 131,086 |
Acima | 626 |  |  | 2,228 |  |  | 1,254 |
Mexico | 9,247 |  |  | 7,819 |  |  | 6,078 |
Total held for rent rental merchandise, net | $ | 132,984 |  |  | $ | 146,266 |  |  | $ | 138,418 |
| December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Assets by segment |  |  |  |  |
Rent-A-Center Business | $ | 1,026,886 |  |  | $ | 999,252 |  |  | $ | 953,151 |
Acima | 1,476,752 |  |  | 389,650 |  |  | 357,859 |
Mexico | 41,669 |  |  | 42,278 |  |  | 33,707 |
Franchising | 15,412 |  |  | 14,729 |  |  | 11,095 |
Total segments | 2,560,719 |  |  | 1,445,909 |  |  | 1,355,812 |
Corporate | 432,608 |  |  | 305,071 |  |  | 226,986 |
Total assets | $ | 2,993,327 |  |  | $ | 1,750,980 |  |  | $ | 1,582,798 |
| December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Assets by country |  |  |  |  |
United States | $ | 2,951,658 |  |  | $ | 1,708,702 |  |  | $ | 1,547,895 |
Mexico | 41,669 |  |  | 42,278 |  |  | 33,707 |
Canada | — |  |  | — |  |  | 1,196 |
Total assets | $ | 2,993,327 |  |  | $ | 1,750,980 |  |  | $ | 1,582,798 |
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Rentals and fees by inventory category |  |  |  |  |
Furniture and accessories | $ | 1,542,003 |  |  | $ | 1,028,876 |  |  | $ | 982,644 |
Consumer electronics | 435,004 |  |  | 358,931 |  |  | 346,668 |
Appliances | 426,316 |  |  | 322,261 |  |  | 358,619 |
Wheels and tires | 280,132 |  |  | — |  |  | — |
Computers | 155,313 |  |  | 119,015 |  |  | 103,171 |
Jewelry | 146,477 |  |  | — |  |  | — |
Smartphones | 61,058 |  |  | 59,205 |  |  | 62,948 |
Other products and services | 476,150 |  |  | 374,803 |  |  | 370,352 |
Total rentals and fees | $ | 3,522,453 |  |  | $ | 2,263,091 |  |  | $ | 2,224,402 |
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Revenue by country |  |  |  |  |
United States | $ | 4,522,048 |  |  | $ | 2,763,608 |  |  | $ | 2,615,892 |
Mexico | 61,403 |  |  | 50,583 |  |  | 53,960 |
Total revenues | $ | 4,583,451 |  |  | $ | 2,814,191 |  |  | $ | 2,669,852 |

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