v3.10.0.1

Segments (Tables)

9 Months Ended

Sep. 30, 2018

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 three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(In Thousands)	Progressive Leasing			Aaron's Business			DAMI			Total
Lease Revenues and Fees1	$	504,407		$	376,464		$	—		$	880,871
Retail Sales2	—			7,620			—			7,620
Non-Retail Sales2	—			44,368			—			44,368
Franchise Royalties and Fees2	—			10,153			—			10,153
Interest and Fees on Loans Receivable3	—			—			9,508			9,508
Other	—			551			—			551
Total	$	504,407		$	439,156		$	9,508		$	953,071

¹ Substantially all lease revenues and fees are within the scope of ASC 840, Leases. The Company had $5.6 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers.

²  Revenue within the scope of ASC 606, Revenue from Contracts with Customers. Of the Franchise Royalties and Fees, $7.4 million is related to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. The remaining revenue is primarily related to fees collected for pre-opening services, which are being deferred and recognized as revenue over the agreement term, and advertising fees charged to franchisees. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise.

³ Revenue within the scope of ASC 310, Credit Card Interest & Fees.

The following table presents revenue by source and by segment for the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(In Thousands)	Progressive Leasing			Aaron's Business			DAMI			Total
Lease Revenues and Fees1	$	398,282		$	357,036		$	—		$	755,318
Retail Sales2	—			6,274			—			6,274
Non-Retail Sales2	—			56,443			—			56,443
Franchise Royalties and Fees2	—			11,140			—			11,140
Interest and Fees on Loans Receivable3	—			—			8,936			8,936
Other	—			772			—			772
Total	$	398,282		$	431,665		$	8,936		$	838,883

¹ Substantially all revenue is within the scope of ASC 840, Leases. The Company had $2.0 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers.

² Revenue within the scope of ASC 606, Revenue from Contracts with Customers. Of the Franchise Royalties and Fees, $10.2 million relates to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise.

³ Revenue within the scope of ASC 310, Credit Card Interest & Fees.

The following table presents revenue by source and by segment for the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(In Thousands)	Progressive Leasing			Aaron's Business			DAMI			Total
Lease Revenues and Fees1	$	1,474,590		$	1,122,286		$	—		$	2,596,876
Retail Sales2	—			22,728			—			22,728
Non-Retail Sales2	—			151,259			—			151,259
Franchise Royalties and Fees2	—			35,140			—			35,140
Interest and Fees on Loans Receivable3	—			—			28,258			28,258
Other	—			1,478			—			1,478
Total	$	1,474,590		$	1,332,891		$	28,258		$	2,835,739

¹ Substantially all lease revenues and fees are within the scope of ASC 840, Leases. The Company had $13.0 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers.

² Revenue within the scope of ASC 606, Revenue from Contracts with Customers. Of the Franchise Royalties and Fees, $26.6 million is related to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. The remaining revenue is primarily related to fees collected for pre-opening services, which are being deferred and recognized as revenue over the agreement term, and advertising fees charged to franchisees. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise.

³ Revenue within the scope of ASC 310, Credit Card Interest & Fees.

The following table presents revenue by source and by segment for the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(In Thousands)	Progressive Leasing			Aaron's Business			DAMI			Total
Lease Revenues and Fees1	$	1,137,896		$	1,079,133		$	—		$	2,217,029
Retail Sales2	—			21,158			—			21,158
Non-Retail Sales2	—			195,372			—			195,372
Franchise Royalties and Fees2	—			38,165			—			38,165
Interest and Fees on Loans Receivable3	—			—			25,669			25,669
Other	—			1,688			—			1,688
Total	$	1,137,896		$	1,335,516		$	25,669		$	2,499,081

¹ Substantially all revenue is within the scope of ASC 840, Leases. The Company had $2.7 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers.

² Revenue within the scope of ASC 606, Revenue from Contracts with Customers. Of the Franchise Royalties and Fees, $35.4 million relates to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise.

³ Revenue within the scope of ASC 310, Credit Card Interest & Fees.

The following is a summary of earnings (loss) before income taxes by segment:

	Three Months Ended   September 30,								Nine Months Ended   September 30,
(In Thousands)	2018				2017				2018				2017
Earnings (Loss) Before Income Taxes:
Progressive Leasing	$	40,839			$	27,734			$	120,393			$	101,732
Aaron's Business1	15,641				15,484				56,417				85,564
DAMI	(3,065		)		(3,997		)		(6,663		)		(8,457		)
Total Earnings Before Income Taxes	$	53,415			$	39,221			$	170,147			$	178,839

¹ Earnings before income taxes for the Aaron's Business during the nine months ended September 30, 2018 includes a full impairment of the PerfectHome investment of $20.1 million.

The following is a summary of total assets by segment and shared corporate-related assets.

(In Thousands)	September 30, 2018				December 31, 2017
Assets:
Progressive Leasing	$	1,037,017			$	1,022,413
Aaron's Business1	1,388,850				1,261,234
DAMI	96,297				108,306
Other2	176,734				300,311
Total Assets	$	2,698,898			$	2,692,264

¹ Includes inventory (principally raw materials and work-in-process) that has been classified within lease merchandise in the condensed consolidated balance sheets of $17.9 million and $16.3 million as of September 30, 2018 and December 31, 2017, respectively.

² Corporate-related assets that benefit multiple segments are reported as other assets.

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 5: 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=115929826&loc=d3e8906-108599

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- References

No definition available.

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