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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) | QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
(In Thousands, Except Per Share Data) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Year Ended December 31, 2018 |  |  |  |  |  |  |
Revenues | $ | 954,809 |  |  | $ | 927,859 |  |  | $ | 953,071 |  |  | $ | 993,184 |
Gross Profit * | 398,703 |  |  | 396,763 |  |  | 406,541 |  |  | 444,979 |
Earnings Before Income Taxes | 66,752 |  |  | 49,980 |  |  | 53,415 |  |  | 82,057 |
Net Earnings | 52,246 |  |  | 38,501 |  |  | 43,720 |  |  | 61,743 |
Earnings Per Share | 0.75 |  |  | 0.55 |  |  | 0.64 |  |  | 0.91 |
Earnings Per Share Assuming Dilution | 0.73 |  |  | 0.54 |  |  | 0.62 |  |  | 0.89 |
Year Ended December 31, 2017 |  |  |  |  |  |  |
Revenues | $ | 844,554 |  |  | $ | 815,644 |  |  | $ | 838,883 |  |  | $ | 884,627 |
Gross Profit * | 365,920 |  |  | 352,639 |  |  | 356,743 |  |  | 383,574 |
Earnings Before Income Taxes | 82,623 |  |  | 56,995 |  |  | 39,221 |  |  | 60,738 |
Net Earnings | 53,300 |  |  | 36,335 |  |  | 25,341 |  |  | 177,560 |
Earnings Per Share | 0.75 |  |  | 0.51 |  |  | 0.36 |  |  | 2.51 |
Earnings Per Share Assuming Dilution | 0.74 |  |  | 0.51 |  |  | 0.35 |  |  | 2.46 |
* Gross profit is the sum of lease revenues and fees, retail sales, non-retail sales, and interest and fees on loans receivable less retail cost of sales, non-retail cost of sales, depreciation of lease merchandise, provision for write-offs of lease merchandise, and provision for credit losses. The comparability of the Company’s quarterly financial results during 2018 and 2017 was impacted by certain events, as described below on a pre-tax basis, except for the Tax Act impacts which are not pre-tax:
• | The second quarter of 2018 included the full impairment of the PerfectHome investment of $20.1 million.
• | The first, second, third and fourth quarter of 2018 included net restructuring charges (reversals) of $0.9 million, $(0.9) million, $0.5 million, and $0.6 million, respectively. The first, second, third and fourth quarter of 2017 included restructuring charges of $0.3 million, $13.5 million, $0.8 million and $3.4 million, respectively. The restructuring activity in both years relates primarily to store contractual lease obligations, severance costs and impairment charges in connection with the Company's strategic decision to close Company-operated stores as discussed in Note 10 to these consolidated financial statements.
• | The comparability of the Company's fourth quarter 2017 net earnings and earnings per share data were impacted by the Tax Act enactment on December 22, 2017. The estimated net impact of the Tax Act to income tax (benefit) expense during the fourth quarter of 2017 was a non-cash provisional income tax benefit of $137 million, which was an estimated $140 million remeasurement of net deferred tax liabilities at the lower U.S. corporate income tax rate provided by the Tax Act, partially offset by an estimated $3 million expense from the loss of the manufacturing deduction in 2017 and other impacts.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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