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SEGMENTS (Tables)

3 Months Ended

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

1Capital 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 Fees1			$	651,557					$	—					$	—					$	651,557
Interest and Fees on Loans Receivable2			—						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 Amortization4			5,128						147						847						6,122
Restructuring Expenses			6						—						—						6
Interest Expense5			9,964						186						1,741						11,891
Interest Income5			(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 Fees1			$	620,550					$	—					$	—					$	620,550
Interest and Fees on Loans Receivable2			—						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 Amortization4			7,231						166						621						8,018
Restructuring Expenses			18,014						—						—						18,014
Interest Expense5			9,676						—						—						9,676
Interest Income5			(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.

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
-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

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X

- References

No definition available.

+ Details

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