XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

BASIS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Accounting Policies [Abstract] |
Schedule of Calculation of Dilutive Share-Based Awards | The following table shows the calculation of dilutive share-based awards:
| Three Months Ended March 31,
(Shares In Thousands) | 2025 |  | 2024
Weighted Average Shares Outstanding | 40,841 |  |  | 43,695 |
Dilutive Effect of Share-Based Awards | 1,010 |  |  | 833 |
Weighted Average Diluted Shares Outstanding | 41,851 |  |  | 44,528 |
Schedule of Components of Accounts Receivable Allowance | The following table shows the components of the accounts receivable allowance:
|  | Three Months Ended March 31,
(In Thousands) |  | 2025 |  | 2024
Beginning Balance |  | $ | 71,607 |  |  | $ | 64,180 |
Net Book Value of Accounts Written Off |  | (94,210) |  |  | (85,287) |
Recoveries |  | 11,875 |  |  | 11,023 |
Accounts Receivable Provision |  | 84,596 |  |  | 74,356 |
Ending Balance |  | $ | 73,868 |  |  | $ | 64,272 |
Schedule of Allowance for Lease Merchandise Write-Offs | The following table shows the components of the allowance for lease merchandise write-offs, which is included within lease merchandise, net in the condensed consolidated balance sheets:
| Three Months Ended March 31,
(In Thousands) | 2025 |  | 2024
Beginning Balance | $ | 51,874 |  |  | $ | 44,180 |
Net Book Value of Merchandise Written off | (46,645) |  |  | (40,737) |
Recoveries | 1,823 |  |  | 1,666 |
Provision for Write-offs | 48,018 |  |  | 43,141 |
Ending Balance | $ | 55,070 |  |  | $ | 48,250 |
Schedule of Prepaid Expenses and Other Assets | Prepaid expenses and other assets consist of the following:
(In Thousands) | March 31, 2025 |  | December 31, 2024
Prepaid Expenses | $ | 36,808 |  |  | $ | 38,621 |
Prepaid Lease Merchandise | 8,326 |  |  | 12,540 |
Prepaid Software Expenses | 11,305 |  |  | 9,908 |
Unamortized Initial Direct Costs on Lease Agreement Originations | 6,077 |  |  | 7,883 |
Other Assets | 10,104 |  |  | 9,278 |
Prepaid Expenses and Other Assets | $ | 72,620 |  |  | $ | 78,230 |
Schedule of Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses consist of the following:
(In Thousands) | March 31, 2025 |  | December 31, 2024
Accounts Payable | $ | 10,965 |  |  | $ | 13,117 |
Accrued Salaries and Benefits | 18,362 |  |  | 24,206 |
Accrued Sales and Personal Property Taxes | 13,051 |  |  | 11,080 |
Income Taxes Payable | 24,520 |  |  | 3,622 |
Uncertain Tax Positions | 785 |  |  | 785 |
Accrued Vendor Rebates | 4,452 |  |  | 11,704 |
Other Accrued Expenses and Liabilities | 38,638 |  |  | 28,676 |
Accounts Payable and Accrued Expenses | $ | 110,773 |  |  | $ | 93,190 |
Schedule of Changes in Stockholders Equity | Changes in shareholders' equity for the three months ended March 31, 2025 and 2024 are as follows:
| Treasury Stock |  | Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Total Shareholders’ Equity
(In Thousands) | Shares |  | Amount |  | Shares |  | Amount |  |  |
Balance, December 31, 2024 | (41,263) |  |  | $ | (1,218,746) |  |  | 82,079 |  |  | $ | 41,039 |  |  | $ | 358,538 |  |  | $ | 1,469,450 |  |  | $ | 650,281 |
Cash Dividends, $0.13 per share | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,465) |  |  | (5,465) |
Stock-Based Compensation | — |  |  | — |  |  | — |  |  | — |  |  | 7,806 |  |  | — |  |  | 7,806 |
Reissued Shares | 474 |  |  | 14,338 |  |  | — |  |  | — |  |  | (21,062) |  |  | — |  |  | (6,724) |
Repurchased Shares | (936) |  |  | (26,168) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (26,168) |
Net Earnings | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 34,718 |  |  | 34,718 |
Balance, March 31, 2025 | (41,725) |  |  | $ | (1,230,576) |  |  | 82,079 |  |  | $ | 41,039 |  |  | $ | 345,282 |  |  | $ | 1,498,703 |  |  | $ | 654,448 |
| Treasury Stock |  | Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Total Shareholders’ Equity
(In Thousands) | Shares |  | Amount |  | Shares |  | Amount |  |  |
Balance, December 31, 2023 | (38,405) |  |  | $ | (1,095,202) |  |  | 82,079 |  |  | $ | 41,039 |  |  | $ | 352,421 |  |  | $ | 1,293,073 |  |  | $ | 591,331 |
Cash Dividends, $0.12 per share | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,337) |  |  | (5,337) |
Stock-Based Compensation | — |  |  | — |  |  | — |  |  | — |  |  | 6,689 |  |  | — |  |  | 6,689 |
Reissued Shares | 281 |  |  | 7,391 |  |  | — |  |  | — |  |  | (12,460) |  |  | — |  |  | (5,069) |
Repurchased Shares | (781) |  |  | (24,490) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (24,490) |
Net Earnings | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 21,966 |  |  | 21,966 |
Balance, March 31, 2024 | (38,905) |  |  | $ | (1,112,301) |  |  | 82,079 |  |  | $ | 41,039 |  |  | $ | 346,650 |  |  | $ | 1,309,702 |  |  | $ | 585,090 |

X
- Definition Allowance for Doubtful Accounts, Table + References No definition available. + Details
Name: | prg_AllowanceForDoubtfulAccountsTableTableTextBlock
Namespace Prefix: | prg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Allowance For Lease Merchandise + References No definition available. + Details
Name: | prg_AllowanceForLeaseMerchandiseTableTextBlock
Namespace Prefix: | prg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Dilutive Securities Used In Calculation Of Diluted Earnings Per Share Table + References No definition available. + Details
Name: | prg_ScheduleOfDilutiveSecuritiesUsedInCalculationOfDilutedEarningsPerShareTableTableTextBlock
Namespace Prefix: | prg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration