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Segments (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations

The following table presents revenue by source and by segment for the year ended December 31, 2020:

			Year Ended December 31, 2020
(In Thousands)			Progressive Leasing			Vive			Total
Lease Revenues and Fees1			$	2,443,405		$	—		$	2,443,405
Interest and Fees on Loans Receivable2			—			41,190			41,190
Total			$	2,443,405		$	41,190		$	2,484,595

1 Revenue within the scope of ASC 842, Leases.

2 Revenue within the scope of ASC 310, Credit Card Interest & Fees.

The following table presents revenue by source and by segment for the year ended December 31, 2019:

			Year Ended December 31, 2019
(In Thousands)			Progressive Leasing			Vive			Total
Lease Revenues and Fees1			$	2,128,133		$	—		$	2,128,133
Interest and Fees on Loans Receivable2			—			35,046			35,046
Total			$	2,128,133		$	35,046		$	2,163,179

1 Revenue within the scope of ASC 842, Leases.

2 Revenue within the scope of ASC 310, Credit Card Interest & Fees.

The following table presents revenue by source and by segment for the year ended December 31, 2018:

			Year Ended December 31, 2018
(In Thousands)			Progressive Leasing			Vive			Total
Lease Revenues and Fees1			$	1,998,981		$	—		$	1,998,981
Interest and Fees on Loans Receivable2			—			37,318			37,318
Total			$	1,998,981		$	37,318		$	2,036,299

1 Revenue within the scope of ASC 840, Leases.

2 Revenue within the scope of ASC 310, Credit Card Interest & Fees.

			Year Ended December 31,
(In Thousands)			2020						2019						2018
Earnings (Loss) From Continuing Operations Before Income Tax Expense:
Progressive Leasing			$	320,636					$	64,283					$	191,303
Vive			(11,180)						(6,127)						(4,398)
Unallocated Corporate Expenses			(37,880)						(30,543)						(30,106)
Total Earnings From Continuing Operations Before Income Tax Expense			$	271,576					$	27,613					$	156,799

			December 31,
(In Thousands)			2020						2019
Assets:
Progressive Leasing			$	1,209,650					$	1,331,153
Vive			107,754						85,825
Total Assets			$	1,317,404					$	1,416,978

			Year Ended December 31,
(In Thousands)			2020						2019						2018
Depreciation and Amortization1:
Progressive Leasing			$	30,547					$	29,967					$	27,974
Vive			1,273						1,385						1,432
Total Depreciation and Amortization			$	31,820					$	31,352					$	29,406
Depreciation of Lease Merchandise:
Progressive Leasing			$	1,690,922					$	1,445,027					$	1,219,034
Vive			—						—						—
Total Depreciation of Lease Merchandise			$	1,690,922					$	1,445,027					$	1,219,034
Interest Expense2:
Progressive Leasing			$	187					$	—					$	—
Vive			—						—						—
Total Interest Expense			$	187					$	—					$	—
Capital Expenditures:
Progressive Leasing			$	6,403					$	12,608					$	10,711
Vive			405						424						1,035
Total Capital Expenditures			$	6,808					$	13,032					$	11,746

1 Excludes depreciation of lease merchandise, which is not included in the chief operating decision maker's measure of depreciation and amortization.

2 The Company incurred a pre-tax loss on extinguishment of $4.1 million in connection with the repayment of the outstanding borrowings, which is classified within discontinued operations in the consolidated statements of earnings. As repayment of the prior revolving credit and term loan borrowings and senior unsecured notes was required under the terms of the loan agreements in the event of a fundamental change to the Company, we have classified the loss on extinguishment and the related historical interest expense of $9.9 million, $17.0 million, and $16.4 million during the years ended December 31, 2020, 2019, and 2018, respectively within (loss) earnings from discontinued operations, net in the consolidated statements of earnings.

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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

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- References

No definition available.

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