v3.7.0.1
Segments (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations
Corporate-related assets that benefit multiple segments are reported as other assets in the table below.
(In Thousands)
March 31,
2017
 
December 31,
2016
Assets:
 
 
 
Aaron's Business1
$
1,164,493

 
$
1,199,213

Progressive Leasing
924,901

 
919,487

DAMI
101,734

 
102,958

Other
433,356

 
394,078

Total Assets
$
2,624,484

 
$
2,615,736

1 Includes inventory (principally raw materials and work-in-process) that has been classified within lease merchandise in the condensed consolidated balance sheets of $15.5 million and $14.3 million as of March 31, 2017 and December 31, 2016, respectively.
The Company determines earnings (loss) before income taxes for all reportable segments in accordance with U.S. GAAP. Interest expense is allocated to the Progressive Leasing and DAMI segments based on a percentage of the outstanding balances of its intercompany borrowings and of the debt incurred when it was acquired.
 
Three Months Ended 
 March 31,
(In Thousands)
2017
 
2016
Revenues:
 
 
 
Aaron's Business
$
470,238

 
$
542,999

Progressive Leasing
366,115

 
306,665

DAMI
8,201

 
4,763

Total Revenues from External Customers
$
844,554

 
$
854,427

 
 
 
 
Earnings (Loss) Before Income Taxes:
 
 
 
Aaron's Business1
$
48,630

 
$
60,696

Progressive Leasing
35,758

 
21,914

DAMI
(1,765
)
 
(2,882
)
Total Earnings Before Income Taxes
$
82,623

 
$
79,728


1 Earnings before income taxes for the Aaron's Business during the three months ended March 31, 2017 includes restructuring charges of $0.2 million related to severance costs and impairment charges in connection with the Company's strategic decision to close Company-operated stores.