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SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Total Assets by Segment, and Revenue, Significant Segment Expenses, Other Segment Items, and Profit and Loss Information | The following is a summary of total assets by segment:
(In Thousands) | March 31, 2025 |  | December 31, 2024
Assets: |  |  |
Progressive Leasing | $ | 1,258,466 |  |  | $ | 1,282,585 |
Vive | 135,486 |  |  | 137,762 |
Other | 75,961 |  |  | 93,420 |
Total Assets | $ | 1,469,913 |  |  | $ | 1,513,767 |
The following is a summary of capital expenditures by segment:
| Three Months Ended March 31,
(In Thousands) | 2025 |  | 2024
Capital Expenditures:1 |  |  |
Progressive Leasing | $ | 1,219 |  |  | $ | 1,405 |
Vive | 19 |  |  | 68 |
Other | 724 |  |  | 623 |
Total Capital Expenditures | $ | 1,962 |  |  | $ | 2,096 |
1 Capital expenditures primarily consists of internal-use software, as well as computer hardware and furniture and equipment. The following table presents a summary of segment revenues, significant segment expenses, other segment items, and profit and loss information for the three months ended March 31, 2025 and 2024. The revenues and loss before income taxes within Other is comprised of the operating activities of Four and certain other strategic initiatives.
| Three Months Ended March 31, 2025
(In Thousands) | Progressive Leasing |  | Vive |  | Other |  | Total
Revenues: |  |  |  |  |  |  |
Lease Revenues and Fees 1 | $ | 651,557 |  |  | $ | — |  |  | $ | — |  |  | $ | 651,557 |
Interest and Fees on Loans Receivable 2 | — |  |  | 15,660 |  |  | 16,871 |  |  | 32,531 |
Total Revenues | 651,557 |  |  | 15,660 |  |  | 16,871 |  |  | 684,088 |
Significant Segment Expenses:3 |  |  |  |  |  |  |
Depreciation of Lease Merchandise | 460,443 |  |  | — |  |  | — |  |  | 460,443 |
Provision for Lease Merchandise Write-offs | 48,018 |  |  | — |  |  | — |  |  | 48,018 |
Selling, General and Administrative | 82,174 |  |  | 7,299 |  |  | 9,343 |  |  | 98,816 |
Provision for Loan Losses | — |  |  | 8,861 |  |  | 5,501 |  |  | 14,362 |
Total | 590,635 |  |  | 16,160 |  |  | 14,844 |  |  | 621,639 |
Other Segment Items: |  |  |  |  |  |  |
Depreciation and Amortization 4 | 5,128 |  |  | 147 |  |  | 847 |  |  | 6,122 |
Restructuring Expenses | 6 |  |  | — |  |  | — |  |  | 6 |
Interest Expense 5 | 9,964 |  |  | 186 |  |  | 1,741 |  |  | 11,891 |
Interest Income 5 | (2,801) |  |  | — |  |  | — |  |  | (2,801) |
Total | 12,297 |  |  | 333 |  |  | 2,588 |  |  | 15,218 |
Earnings (Loss) Before Income Tax Expense | $ | 48,625 |  |  | $ | (833) |  |  | $ | (561) |  |  | $ | 47,231 |
1 Revenue within the scope of ASC 842, "Leases." 2 Revenue within the scope of ASC 310, "Receivables." Also included within Interest and Fees on Loans Receivable for the Other category is $6.2 million of subscription fee and interchange revenue within the scope of ASC 606, "Revenues from Contracts with Customers." 3 The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. 4 Excludes depreciation of lease merchandise, which is not included in the CODM's measure of depreciation and amortization. 5 Intersegment interest income and expense of $2.0 million are included within the amounts shown.
| Three Months Ended March 31, 2024
(In Thousands) | Progressive Leasing |  | Vive |  | Other |  | Total
Revenues: |  |  |  |  |  |  |
Lease Revenues and Fees 1 | $ | 620,550 |  |  | $ | — |  |  | $ | — |  |  | $ | 620,550 |
Interest and Fees on Loans Receivable 2 | — |  |  | 16,051 |  |  | 5,269 |  |  | 21,320 |
Total Revenues | 620,550 |  |  | 16,051 |  |  | 5,269 |  |  | 641,870 |
Significant Segment Expenses:3 |  |  |  |  |  |  |
Depreciation of Lease Merchandise | 431,571 |  |  | — |  |  | — |  |  | 431,571 |
Provision for Lease Merchandise Write-offs | 43,141 |  |  | — |  |  | — |  |  | 43,141 |
Selling, General and Administrative | 76,573 |  |  | 6,769 |  |  | 6,918 |  |  | 90,260 |
Provision for Loan Losses | — |  |  | 8,198 |  |  | 2,851 |  |  | 11,049 |
Total | 551,285 |  |  | 14,967 |  |  | 9,769 |  |  | 576,021 |
Other Segment Items: |  |  |  |  |  |  |
Depreciation and Amortization 4 | 7,231 |  |  | 166 |  |  | 621 |  |  | 8,018 |
Restructuring Expenses | 18,014 |  |  | — |  |  | — |  |  | 18,014 |
Interest Expense 5 | 9,676 |  |  | — |  |  | — |  |  | 9,676 |
Interest Income 5 | (1,109) |  |  | — |  |  | (317) |  |  | (1,426) |
Total | 33,812 |  |  | 166 |  |  | 304 |  |  | 34,282 |
Earnings (Loss) Before Income Tax Expense | $ | 35,453 |  |  | $ | 918 |  |  | $ | (4,804) |  |  | $ | 31,567 |
1 Revenue within the scope of ASC 842, "Leases." 2 Revenue within the scope of ASC 310, "Receivables." Also included within Interest and Fees on Loans Receivable for the Other category is $1.4 million of subscription fee and interchange revenue within the scope of ASC 606, "Revenues from Contracts with Customers." 3 The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. 4 Excludes depreciation of lease merchandise, which is not included in the CODM's measure of depreciation and amortization. 5 Intersegment interest income and expense of $0.3 million are included within the amounts shown.

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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