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Pay vs Performance Disclosure
pure in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Historical Pay Versus Performance Disclosure
Pay Versus Performance Table
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, the following disclosure is provided about the relationship between executive compensation and the
Company’s performance on select financial metrics. For information about how our executive compensation program is designed to align with the Company’s performance, please read the “Compensation Discussion and Analysis” above in this proxy statement. The amounts in the table below are calculated in accordance with SEC rules and do not all represent amounts actually earned or realized by our named executive officers (“NEOs”), including with respect to RSUs and PSUs.
The table below presents the compensation amounts for our CEO and non-CEO named executive officers as defined and computed in accordance with SEC rules, our financial performance as measured by TSR, net income and Adjusted EBITDA, and our peer group’s TSR, for fiscal years 2022, 2021 and 2020.
Year
CEO
Non-CEO NEOs
Value of Initial
Fixed $100
Investment
Based On:
Net Income
($M)
Adjusted EBITDA
($M)
Summary
Compensation
Table Total for
CEO
Compensation
Actually Paid
to CEO(1)
Average Summary
Compensation
Table Total for
non-CEO named
executive officers(2)
Average
Compensation
Actually Paid to
non-CEO named
executive
officers(3)
TSR
Proxy
Peer
Group
TSR(4)
2022(5) $ 6,280,050 $ (3,792,985) $ 1,742,035 $ 105,810 $ 90 $ 119 $ 12 $ 459
2021 $ 11,732,761 $ 25,616,911 $ 2,311,171 $ 2,962,970 $ 179 $ 177 $ 135 $ 643
2020 $ 9,217,950 $ 14,829,388 $ 2,263,831 $ 3,512,231 $ 140 $ 145 $ 208 $ 344
(1)
Compensation actually paid is the total Summary Compensation Table compensation, adjusted as set forth in the table below in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Fadel during the applicable year.
(2)
Includes the average total compensation for Messrs. Allred, Hogg, Karam, Pechersky and Taylor and Ms. Short in 2022; for Messrs. Blasquez, Hogg and Pechersky and Ms. Short in 2021; and for Mr. Hogg and Mses. Short, Davids and Skula in 2020. Total compensation for non-CEOs are as reported in the Summary Compensation Tables.
(3)
The table below presents a reconciliation of the average Summary Compensation Table total to the average compensation actually paid, as defined by SEC rules, to the non-CEO named executive officers. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year.
(4)
The Peer Group selected is the S&P 1500 Specialty Retail Index. We use this published industry index as the comparator group to measure our relative total shareholder return for purposes of determining vesting of performance stock units granted under our long-term incentive compensation program.
(5)
None of our named executive officers in the 2022 annual cash incentive program received any bonus plan payout with respect to the 2022 performance year, as described in the section “Compensation Discussion and Analysis — Annual Cash Incentive Compensation” in this proxy statement.
Reconciliation Tables
CEO: Mitch Fadel
2022
2021
2020
Summary Compensation Table Total
$ 6,280,050 $ 11,732,761 $ 9,217,950
Less: Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 5,116,846 $ 8,687,619 $ 5,712,605
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 3,474,280 $ 5,474,111 $ 10,034,035
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at
year-end)
$ (11,440,516) $ 1,511,487 $ 1,914,269
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ 3,010,047 $ 15,586,171 $ (624,261)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0
Total Compensation Actually Paid
$ (3,792,985) $ 25,616,911 $ 14,829,388
Non-CEO NEOs (Average)
2022
2021
2020
Summary Compensation Table Total
$ 1,742,035 $ 2,311,171 $ 2,263,831
Less: Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 1,135,260 $ 1,384,475 $ 1,258,694
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 845,162 $ 872,364 $ 2,425,918
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end)
$ (1,638,825) $ 318,723 $ 162,066
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ 292,698 $ 845,187 $ (80,890)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0
Total Compensation Actually Paid
$ 105,810 $ 2,962,970 $ 3,512,231
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]
(1)
Compensation actually paid is the total Summary Compensation Table compensation, adjusted as set forth in the table below in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Fadel during the applicable year.
(2)
Includes the average total compensation for Messrs. Allred, Hogg, Karam, Pechersky and Taylor and Ms. Short in 2022; for Messrs. Blasquez, Hogg and Pechersky and Ms. Short in 2021; and for Mr. Hogg and Mses. Short, Davids and Skula in 2020. Total compensation for non-CEOs are as reported in the Summary Compensation Tables.
   
Peer Group Issuers, Footnote [Text Block]
(4)
The Peer Group selected is the S&P 1500 Specialty Retail Index. We use this published industry index as the comparator group to measure our relative total shareholder return for purposes of determining vesting of performance stock units granted under our long-term incentive compensation program.
   
PEO Total Compensation Amount $ 6,280,050 $ 11,732,761 $ 9,217,950
PEO Actually Paid Compensation Amount $ (3,792,985) 25,616,911 14,829,388
Adjustment To PEO Compensation, Footnote [Text Block]
CEO: Mitch Fadel
2022
2021
2020
Summary Compensation Table Total
$ 6,280,050 $ 11,732,761 $ 9,217,950
Less: Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 5,116,846 $ 8,687,619 $ 5,712,605
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 3,474,280 $ 5,474,111 $ 10,034,035
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at
year-end)
$ (11,440,516) $ 1,511,487 $ 1,914,269
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ 3,010,047 $ 15,586,171 $ (624,261)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0
Total Compensation Actually Paid
$ (3,792,985) $ 25,616,911 $ 14,829,388
   
Non-PEO NEO Average Total Compensation Amount $ 1,742,035 2,311,171 2,263,831
Non-PEO NEO Average Compensation Actually Paid Amount $ 105,810 2,962,970 3,512,231
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Non-CEO NEOs (Average)
2022
2021
2020
Summary Compensation Table Total
$ 1,742,035 $ 2,311,171 $ 2,263,831
Less: Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 1,135,260 $ 1,384,475 $ 1,258,694
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 845,162 $ 872,364 $ 2,425,918
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end)
$ (1,638,825) $ 318,723 $ 162,066
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ 292,698 $ 845,187 $ (80,890)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0
Total Compensation Actually Paid
$ 105,810 $ 2,962,970 $ 3,512,231
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Total Shareholder Return
The following chart sets forth the compensation actually paid to our CEO, the average of compensation actually paid to our Non-CEO NEOs, the Company’s cumulative TSR and the Peer Group’s TSR over the three most recently completed fiscal years.
[MISSING IMAGE: bc_tsr-4c.jpg]
   
Compensation Actually Paid vs. Net Income [Text Block]
Net Income
The following chart sets forth the compensation actually paid to our CEO, the average of compensation actually paid to our Non-CEO NEOs, and our net income during the three most recently completed fiscal years.
[MISSING IMAGE: bc_netincome-4c.jpg]
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Adjusted EBITDA
The following chart sets forth the compensation actually paid to our CEO, the average of compensation actually paid to our Non-CEO NEOs, and our Adjusted EBITDA during the three most recently completed fiscal years.
[MISSING IMAGE: bc_ebitda-4c.jpg]
   
Tabular List [Table Text Block]
Important Financial Metrics
As described in “Compensation Discussion and Analysis,” our executive compensation program is designed to, among other objectives, link pay to the achievement of annual performance objectives, recognize both corporate and individual performance, and attract and retain our senior executives. We believe the four items in the unranked list below represent the most important financial metrics we used to link our performance to compensation actually paid to our CEO and other NEOs for FY2022, as further described above under “Compensation Discussion and Analysis — Annual Cash Incentive Compensation” and “Compensation Discussion and Analysis — Long-Term Incentive Compensation.”

Adjusted EBITDA(1)

Rent-A-Center Segment Same Store Sales

Acima Segment Revenue

Relative Total Shareholder Return
(1)
Adjusted EBITDA is a non-GAAP financial measure calculated as net earnings before interest, taxes, stock-based compensation, depreciation and amortization, as adjusted for certain gains and charges we view as extraordinary, unusual or non-recurring in nature and which we believe do not reflect our core business activities.
   
Total Shareholder Return Amount $ 90 179 140
Peer Group Total Shareholder Return Amount 119 177 145
Net Income (Loss) $ 12,000,000 $ 135,000,000 $ 208,000,000
Company Selected Measure Amount 459 643 344
PEO Name Mr. Fadel    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Rent-A-Center Segment Same Store Sales    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Acima Segment Revenue    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Shareholder Return    
PEO [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 5,116,846 $ 8,687,619 $ 5,712,605
PEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,474,280 5,474,111 10,034,035
PEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (11,440,516) 1,511,487 1,914,269
PEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,010,047 15,586,171 (624,261)
PEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Total Pension Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Pension Adjustments Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,135,260 1,384,475 1,258,694
Non-PEO NEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 845,162 872,364 2,425,918
Non-PEO NEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,638,825) 318,723 162,066
Non-PEO NEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 292,698 845,187 (80,890)
Non-PEO NEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Total Pension Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Pension Adjustments Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0