v3.19.2

Segments (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations | The following is a summary of total assets by segment and shared corporate-related assets.
(In Thousands) | June 30, 2019 |  | December 31, 2018
Assets: |  |  |
Progressive Leasing | $ | 1,128,719 |  |  | $ | 1,088,227 |
Aaron's Business 1 | 1,727,615 |  |  | 1,483,102 |
DAMI | 86,753 |  |  | 95,341 |
Other 2 | 237,111 |  |  | 160,022 |
Total Assets | $ | 3,180,198 |  |  | $ | 2,826,692 |
1 Includes inventory (principally raw materials and work-in-process) that has been classified within lease merchandise in the condensed consolidated balance sheets of $15.7 million and $15.2 million as of June 30, 2019 and December 31, 2018, respectively. 2 Corporate-related assets that benefit multiple segments are reported as other assets.The following is a summary of earnings (loss) before income taxes by segment:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In Thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Earnings (Loss) Before Income Taxes: |  |  |  |  |  |  |
Progressive Leasing | $ | 58,406 |  |  | $ | 44,575 |  |  | $ | 113,794 |  |  | $ | 79,554 |
Aaron's Business 1 | 138 |  |  | 7,697 |  |  | 17,726 |  |  | 40,776 |
DAMI | (1,725 | ) |  | (2,292 | ) |  | (4,393 | ) |  | (3,598 | )
Total Earnings Before Income Taxes | $ | 56,819 |  |  | $ | 49,980 |  |  | $ | 127,127 |  |  | $ | 116,732 |
1 Earnings before income taxes for the Aaron's Business during the six months ended June 30, 2019 were impacted by (i) restructuring charges of $32.0 million related to closed store right-of-use asset impairment and operating lease charges, the write-off and impairment of store property, plant and equipment and related workforce reductions, and other impairment charges in connection with the Company's strategic decision to close Company-operated stores, of which $18.7 million was incurred during the three months ended June 30, 2019 and (ii) gains on insurance recoveries of $4.5 million related to payments received from and final settlements reached with insurance carriers for Hurricanes Harvey and Irma property and business interruption claims in excess of the related property insurance receivables, of which $3.6 million was recorded during the three months ended June 30, 2019. The following table presents revenue by source and by segment for the three months ended June 30, 2019:
| Three Months Ended June 30, 2019
(In Thousands) | Progressive Leasing | Aaron's Business | DAMI | Total
Lease Revenues and Fees 1 | $ | 516,333 |  | $ | 391,232 |  | $ | — |  | $ | 907,565 |
Retail Sales 2 | — |  | 8,898 |  | — |  | 8,898 |
Non-Retail Sales 2 | — |  | 34,124 |  | — |  | 34,124 |
Franchise Royalties and Fees 2 | — |  | 8,605 |  | — |  | 8,605 |
Interest and Fees on Loans Receivable 3 | — |  | — |  | 8,610 |  | 8,610 |
Other | — |  | 339 |  | — |  | 339 |
Total | $ | 516,333 |  | $ | 443,198 |  | $ | 8,610 |  | $ | 968,141 |
1 Substantially all lease revenues and fees are within the scope of ASC 842, Leases. The Company had $6.9 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, $6.3 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 June 30, 2018:
| Three Months Ended June 30, 2018
(In Thousands) | Progressive Leasing | Aaron's Business | DAMI | Total
Lease Revenues and Fees 1 | $ | 483,666 |  | $ | 362,272 |  | $ | — |  | $ | 845,938 |
Retail Sales 2 | — |  | 6,592 |  | — |  | 6,592 |
Non-Retail Sales 2 | — |  | 53,661 |  | — |  | 53,661 |
Franchise Royalties and Fees 2 | — |  | 12,125 |  | — |  | 12,125 |
Interest and Fees on Loans Receivable 3 | — |  | — |  | 9,208 |  | 9,208 |
Other | — |  | 335 |  | — |  | 335 |
Total | $ | 483,666 |  | $ | 434,985 |  | $ | 9,208 |  | $ | 927,859 |
1 Substantially all lease revenues and fees are within the scope of ASC 840, Leases. The Company had $4.4 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, $9.1 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 six months ended June 30, 2019:
| Six Months Ended June 30, 2019
(In Thousands) | Progressive Leasing | Aaron's Business | DAMI | Total
Lease Revenues and Fees 1 | $ | 1,039,734 |  | $ | 811,988 |  | $ | — |  | $ | 1,851,722 |
Retail Sales 2 | — |  | 21,707 |  | — |  | 21,707 |
Non-Retail Sales 2 | — |  | 71,105 |  | — |  | 71,105 |
Franchise Royalties and Fees 2 | — |  | 17,812 |  | — |  | 17,812 |
Interest and Fees on Loans Receivable 3 | — |  | — |  | 17,256 |  | 17,256 |
Other | — |  | 642 |  | — |  | 642 |
Total | $ | 1,039,734 |  | $ | 923,254 |  | $ | 17,256 |  | $ | 1,980,244 |
1 Substantially all lease revenues and fees are within the scope of ASC 842, Leases. The Company had $13.4 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, $13.4 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 six months ended June 30, 2018:
| Six Months Ended June 30, 2018
(In Thousands) | Progressive Leasing | Aaron's Business | DAMI | Total
Lease Revenues and Fees 1 | $ | 970,183 |  | $ | 745,822 |  | $ | — |  | $ | 1,716,005 |
Retail Sales 2 | — |  | 15,108 |  | — |  | 15,108 |
Non-Retail Sales 2 | — |  | 106,891 |  | — |  | 106,891 |
Franchise Royalties and Fees 2 | — |  | 24,987 |  | — |  | 24,987 |
Interest and Fees on Loans Receivable 3 | — |  | — |  | 18,750 |  | 18,750 |
Other | — |  | 927 |  | — |  | 927 |
Total | $ | 970,183 |  | $ | 893,735 |  | $ | 18,750 |  | $ | 1,882,668 |
1 Substantially all lease revenues and fees are within the scope of ASC 840, Leases. The Company had $8.4 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, $19.2 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.

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -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 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 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 + Details
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