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Goodwill and Other Intangible Assets - Amortizable intangible assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 616,896	$ 616,670
Accumulated amortization	$ 361,650	315,272
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Average life	2 years
Gross carrying amount	$ 140,417	140,191
Accumulated amortization	$ 140,193	140,165
Merchant relationships
Finite-Lived Intangible Assets [Line Items]
Average life	10 years
Gross carrying amount	$ 389,760	389,760
Accumulated amortization	$ 152,630	113,740
Tradename
Finite-Lived Intangible Assets [Line Items]
Average life	7 years
Gross carrying amount	$ 40,000	40,000
Accumulated amortization	$ 22,108	16,394
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Average life	3 years
Gross carrying amount	$ 46,719	46,719
Accumulated amortization	$ 46,719	$ 44,973

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Senior Debt (Tables)

12 Months Ended

Dec. 31, 2024

Senior Debt [Abstract]

Schedule of Debt

The senior debt facilities as of December 31, 2024 and 2023 are as follows:


		December 31, 2024						December 31, 2023
(in thousands)	Facility Maturity	Maximum Facility		Amount Outstanding		Amount Available		Maximum Facility		Amount Outstanding		Amount Available
Senior Debt:
ABL Credit Facility(1)	June 7, 2029	$	550,000	$	75,000	$	428,306	$	550,000	$	70,000	$	429,571
Term Loan Facility	February 17, 2028	875,000		802,333		—		875,000		811,083		—
Total		$	1,425,000	877,333		$	428,306	$	1,425,000	881,083		$	429,571
Unamortized debt issuance costs				(9,607)						(14,376)
Total senior debt, net				$	867,726					$	866,707

(1) Borrowing availability is net of issued letters of credit of approximately $46.7 million and $50.4 million for the years ended December 31, 2024 and 2023, respectively

Schedule of Maturities of Long-Term Debt

The table below shows the scheduled maturity dates of our outstanding senior debt at December 31, 2024 for each of the years ending December 31:


(in thousands)	ABL Credit Facility		Term Loan Facility (1)		Total
2025	$	—	$	—	$	—
2026	—		—		—
2027	—		—		—
2028	—		802,333		802,333
2029	75,000		—		75,000
Thereafter	—		—		—
Total senior debt	$	75,000	$	802,333	$	877,333

(1) Annual installment requirements were reduced by the amount of the excess cash flow payment described above, in accordance with the terms of the credit agreement governing the Term Loan Facility.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Loss Before Income Tax, Domestic and Foreign

For financial statement purposes, earnings before income taxes by source was comprised of the following:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Domestic	$	165,020	$	38,375	$	43,977
Foreign	12,521		14,492		17,494
Earnings before income taxes	$	177,541	$	52,867	$	61,471

Reconciliation of Income Tax Expense

A reconciliation of the federal statutory rate of 21% to the effective rate follows:


	Year Ended December 31,
	2024		2023		2022
Tax at statutory rate	21.0	%	21.0	%	21.0	%

Non-deductible compensation	3.2	%	57.1	%	53.4	%
State income taxes	5.7	%	16.5	%	13.4	%
Effect of foreign operations	1.6	%	19.5	%	6.6	%
Effect of current year credits	(2.5)	%	(9.9)	%	(13.2)	%
Change in unrecognized tax benefits	(0.1)	%	(6.9)	%	0.1	%
Other permanent differences	0.9	%	1.7	%	0.9	%
Prior year return to provision adjustments	0.2	%	0.3	%	1.7	%


Valuation allowance	(0.3)	%	11.4	%	(3.0)	%
Other, net	0.8	%	(0.9)	%	(1.0)	%
Effective income tax rate	30.5	%	109.8	%	79.9	%

Components of Income Tax Expense

The components of income tax expense (benefit) are as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Current expense (benefit)
Federal	$	79,751	$	58,480	$	62,878
State	2,451		9,644		21,473
Foreign	1,537		4,385		4,570
Total current	83,739		72,509		88,921
Deferred (benefit) expense
Federal	(39,712)		(28,084)		(25,923)
State	11,462		1,316		(13,321)
Foreign	(1,426)		12,305		(563)
Total deferred	(29,676)		(14,463)		(39,807)
Total income tax expense	$	54,063	$	58,046	$	49,114

Deferred Tax Assets

Deferred tax assets (liabilities) consist of the following:


	December 31,
(in thousands)	2024		2023
Deferred tax assets

Net operating loss carryforwards	$	12,814	$	20,852

Accrued liabilities	63,258		64,410
Intangible assets	133,235		143,386
Property assets	9,641		—
Lease obligations	72,790		79,645
Other assets	3,892		4,082
Foreign tax credit carryforwards	2,348		856
Total deferred tax assets	297,978		313,231
Valuation allowance	(8,599)		(9,340)
Deferred tax assets, net	289,379		303,891
Deferred tax liabilities
Rental merchandise	(176,375)		(212,137)
Property assets	—		(2,089)
Lease assets	(70,786)		(77,825)
Other liabilities	(1,874)		(650)
Total deferred tax liabilities	(249,035)		(292,701)
Net deferred taxes	$	40,344	$	11,190

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Beginning unrecognized tax benefit balance	$	1,221	$	5,100	$	6,536
Additions based on tax positions related to current year	—		97		14
Reductions based on tax positions related to current year	—		—		(488)
Additions for tax positions of prior years	—		759		21
Reductions for tax positions of prior years	(653)		(4,735)		(983)
Settlements	(200)		—		—
Ending unrecognized tax benefit balance	$	368	$	1,221	$	5,100

Acquisitions

12 Months Ended

Dec. 31, 2024

Business Combinations [Abstract]

Acquisitions

Acquisitions and Divestitures

Brigit Acquisition

On December 12, 2024, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fortuna Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), Brigit, and Shareholder Representative Services LLC, solely in its capacity as the representative, agent and attorney-in-fact of Brigit’s securityholders, pursuant to which Merger Sub merged with and into Brigit (the “Merger”), with Brigit surviving the Merger as a wholly owned subsidiary of the Company. The Merger with Brigit, a leading holistic financial health technology company, was completed on January 31, 2025 (the “Closing Date”). In accordance with the Merger Agreement, we issued to the security holders of Brigit (the “Brigit Securityholders”) an aggregate of approximately 2.7 million shares of our common stock, par value $0.01 per share (the “Closing Stock Consideration”), with a value of $29.34 per share based on the volume-weighted average price of our common stock over the ten consecutive trading days ending on (and including) the trading day immediately prior to the Closing Date, and paid to them aggregate closing cash consideration of $278.7 million (“Closing Cash Consideration”). The Closing

Cash Consideration is subject to post-closing working capital adjustments. The Closing Cash Consideration for the acquisition was financed with a combination of cash on hand and borrowings under our ABL Credit Facility.

Pursuant to the terms of the Merger Agreement, we will also pay the Brigit Securityholders $75 million in deferred consideration, payable in multiple installments, $37.5 million of which will be payable 30 days following the first anniversary of the Closing Date and the remainder of which will be payable no later than 30 days following the second anniversary of the Closing Date. The payment of the deferred consideration is subject to acceleration if certain acceleration events specified in the Merger Agreement occur prior to the payment of the deferred consideration. The Brigit Securityholders may also receive up to $60 million in earnout payments based on achievement of certain financial performance metrics for the Brigit business in 2026. The earnout payments are subject to acceleration if certain acceleration events specified in the Merger Agreement occur prior to the final calculation and payout of the earnout payments.

The portion of Closing Stock Consideration issued to Brigit’s co-founders and certain of their respective affiliates (collectively, the “Co-Founders”) is subject to vesting and other limitations set forth in a restricted stock agreement entered into with each such Co-Founder, with 10% of the Closing Stock Consideration issued to such Co-Founder vesting six months after the Closing Date, 55% of such Closing Stock Consideration vesting one year after the Closing Date and 100% of such Closing Stock Consideration vesting two years after the Closing Date.

As of the date of this Annual Report on Form 10-K, we are unable to disclose supplemental pro forma financial information, including combined revenues and earnings of the recently merged companies, for the year ended December 31, 2024, or the preliminary fair value of assets acquired and liabilities assumed in connection with the Merger, due to the unavailability of Brigit's financial statements as of December 31, 2024, and as of the date of the Merger. We intend to report the above information in our Quarterly Report on Form 10-Q for the period ended March 31, 2025.

Other Acquisitions

The following table provides information concerning other store acquisitions completed during the years ended December 31, 2024, 2023 and 2022.


	Year Ended December 31,
(dollar amounts in thousands)	2024		2023		2022
Number of stores acquired remaining open	3		—		1
Number of stores acquired that were merged with existing stores	3		1		4
Number of transactions	6		1		5
Total purchase price	$	1,463	$	39	$	995
Amounts allocated to:
Goodwill	$	439	$	—	$	—

Customer relationships	230		11		141
Rental merchandise	794		28		854

Operating results of the acquired stores and accounts have been included in the financial statements since their date of acquisition.

Refranchise Sale

On September 9, 2024, we sold 55 Rent-A-Center stores in the states of New York and New Jersey to a franchisee. We received cash consideration of approximately $19.1 million, including approximately $0.6 million related to franchise fees. The sale included on rent and held for rent inventory of approximately $13.0 million, property assets of approximately $2.0 million, and prorated rent and other miscellaneous expenses of $0.4 million, resulting in a net gain on sale of approximately $3.1 million. The gain on sale was recorded to non-labor operating expenses in our Consolidated Statements of Operations.

Consolidated Statement of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues [Abstract]
Rentals and fees	$ 3,513,658	$ 3,261,678	$ 3,375,453
Merchandise sales	624,735	541,766	675,288
Installment sales	60,884	63,630	72,328
Franchise merchandise sales	88,125	95,054	91,350
Royalty income and fees	24,738	24,416	25,998
Other	8,424	5,869	4,975
Total revenues	4,320,564	3,992,413	4,245,392
Cost of revenues [Abstract]
Cost of rentals and fees	1,355,539	1,199,161	1,268,809
Cost of merchandise sold	773,937	652,894	779,789
Cost of installment sales	22,523	22,997	25,547
Franchise cost of merchandise sold	88,214	95,103	91,715
Total cost of revenues	2,240,213	1,970,155	2,165,860
Gross profit	2,080,351	2,022,258	2,079,532
Operating expenses [Abstract]
Operating labor	609,169	613,538	634,341
Non-labor operating expenses	811,635	775,919	821,821
General and administrative expenses	212,450	201,706	186,470
Depreciation and amortization	50,886	51,321	53,079
Other gains and charges	104,580	216,909	235,283
Total operating expenses	1,788,720	1,859,393	1,930,994
Operating profit	291,631	162,865	148,538
Debt refinancing charges	6,604	0	0
Interest expense	110,585	113,418	87,708
Interest income	(3,099)	(3,420)	(641)
Earnings before income taxes	177,541	52,867	61,471
Income tax expense	54,063	58,046	49,114
Net earnings (loss)	$ 123,478	$ (5,179)	$ 12,357
Basic earnings (loss) per common share	$ 2.26	$ (0.09)	$ 0.23
Diluted earnings (loss) per common share	2.21	(0.09)	0.21
Cash dividends declared per common share	$ 1.50	$ 1.39	$ 1.36

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 13,290	$ 14,254
Accumulated depreciation of property assets	$ 548,708	$ 611,120
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	125,796,878	125,415,059
Treasury stock, shares common (in shares)	71,060,928	71,060,928

Segment Information

12 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Segment Information

The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by our Chief Operating Decision Makers (“CODMs”). Our CODMs include Upbound's Chief Executive Officer and Chief Financial Officer. Our CODMs regularly review the operating performance of our operating segments as compared to Company projections and operating performance in prior periods, in addition to other factors, including the Company’s strategic initiatives, as well as industry, macroeconomic, and market trends, in determining the appropriate allocation of resources to support our business operations. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. Within our operating segments, we offer merchandise for lease from certain basic product categories: such as furniture, including mattresses; tires; consumer electronics; appliances; tools; handbags; computers; and accessories.

We report financial operating performance under four operating segments. To better reflect our current strategic focus, our third-party retailer business operations are reported as the Acima segment, which includes our virtual and staffed business models; and our company-owned stores and e-commerce platform through rentacenter.com are reported as the Rent-A-Center segment. In addition, we report operating results for our Mexico and Franchising segments. Reportable segments and their respective operations are defined as follows.

Our Acima segment, which primarily operates in the United States and Puerto Rico, includes the operations of Acima Holdings acquired in February 2021 and certain locations previously operating under our Acceptance Now brand, generally offers the lease-to-own transaction to consumers who do not qualify for traditional financing. The Acima segment offers the lease-to-own transaction through our virtual solutions across e-commerce, digital, and mobile channels, and through staffed and unstaffed kiosks located within such retailer’s locations.

Our Rent-A-Center segment primarily operates lease-to-own stores in the United States and Puerto Rico whose customers enter into weekly, bi-weekly, semi-monthly or monthly rental purchase agreements, which renew automatically upon receipt of each payment. We retain the title to the merchandise during the term of the rental purchase agreement and ownership passes to the customer through an early purchase option or payment of all optional lease renewal terms. This segment also includes 51 stores operating in two states that utilize a retail model which offers installment credit sales through a retail sale transaction. Segment assets include cash, receivables, rental merchandise, property assets and other intangible assets.

Our Mexico segment consists of our company-owned lease-to-own stores in Mexico. The nature of this segment's operations and assets are the same as our Rent-A-Center segment.

The stores in our Franchising segment use Rent-A-Center’s, ColorTyme’s or RimTyme’s trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards. Franchising’s primary source of revenue is the sale of rental merchandise to its franchisees who, in turn, offer the merchandise to the general public for rent or purchase under a lease-to-own program. As franchisor, Franchising receives royalties of 3.0% to 6.0% of the franchisees' monthly gross revenue and initial fees for new locations. Segment assets include cash, trade receivables, property assets and intangible assets.

Segment information as of and for the years ended December 31, 2024, 2023, and 2022 is as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Revenues
Acima	$	2,261,446	$	1,931,325	$	2,110,320
Rent-A-Center	1,863,425		1,864,123		1,949,864
Mexico	78,726		74,625		64,880
Franchising	116,967		122,340		120,328
Total revenues(1)	$	4,320,564	$	3,992,413	$	4,245,392

(1) See Note C for additional information.


	Year Ended December 31,
(in thousands)	2024		2023		2022
Gross profit
Acima	$	702,620	$	644,447	$	632,244
Rent-A-Center	1,292,546		1,297,705		1,372,863
Mexico	56,432		52,869		45,812
Franchising	28,753		27,237		28,613
Total gross profit	$	2,080,351	$	2,022,258	$	2,079,532


	Year Ended December 31,
(in thousands)	2024		2023		2022
Operating profit
Acima(1)	$	255,549	$	235,480	$	151,301
Rent-A-Center(2)	280,423		273,518		334,525
Mexico	4,806		4,846		6,267
Franchising	16,737		17,087		19,124
Total segments	557,515		530,931		511,217
Corporate(3)	(265,884)		(368,066)		(362,679)
Total operating profit(4)	$	291,631	$	162,865	$	148,538

(1) Acima operating expenses for the years ended December 31, 2024, 2023 and 2022 include operating labor expenses of $103.0 million, $102.9 million and $113.9 million, respectively, and non-labor operating expenses of $295.6 million, $246.3 million and $295.7 million, respectively. Acima non-labor operating expenses include LCOs of $211.8 million, $179.6 million and $224.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(2) Rent-A-Center operating expenses for the years ended December 31, 2024, 2023 and 2022 include operating labor expenses of $487.8 million, $493.4 million and $506.1 million, respectively, and non-labor operating expenses of $486.6 million, $500.1 million and $501.7 million, respectively. Rent-A-Center non-labor operating expenses include LCOs of $84.8 million, $79.9 million and $91.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(3) Includes stock compensation expense of $4.9 million, $137.5 million and $143.2 million for the years ended December 31, 2024, 2023 and 2022, related to common stock issued to Acima Holdings employees under restricted stock agreements as part of the acquisition consideration subject to vesting restrictions as described in Note N. Also includes stock compensation expense of $5.1 million for the year ended December 31, 2024, related to acceleration of stock compensation expense for certain restricted stock awards included in the letter agreement with the Company's Chief Executive Officer as described in Note N.

(4) The accounting policies of our segments are the same as those described for the Company in Note A.


	Year Ended December 31,
(in thousands)	2024		2023		2022
Depreciation and amortization
Acima(1)	$	1,376	$	1,661	$	1,928
Rent-A-Center	20,367		18,816		20,526
Mexico	1,566		1,206		711
Franchising	141		146		146
Total segments	23,450		21,829		23,311
Corporate(2)	27,436		29,492		29,768
Total depreciation and amortization	$	50,886	$	51,321	$	53,079

(1) Excludes amortization expense of approximately $45.5 million, $57.0 million and $64.9 million for the years ended December 31, 2024, 2023 and 2022, respectively, recorded to Other gains and charges in the Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition. See Note N for additional information.

(2) Excludes depreciation expense of approximately $15.9 million for each of the years ended December 31, 2024, 2023 and 2022, recorded to Other gains and charges in the Consolidated Statements of Operations, related to software acquired upon closing of the Acima Holdings acquisition and depreciation expense of $6.1 million and $9.2 million for the years ended December 31, 2024 and 2023 recorded to Other gains and charges in the Consolidated Statements of Operations, related to accelerated software depreciation. See Note N for additional information.


	Year Ended December 31,
(in thousands)	2024		2023		2022
Capital expenditures
Acima	$	1,560	$	512	$	244
Rent-A-Center	24,209		22,923		36,682
Mexico	2,199		2,153		1,590
Franchising	—		1		332
Total segments	27,968		25,589		38,848
Corporate	28,307		27,813		22,539
Total capital expenditures	$	56,275	$	53,402	$	61,387


	December 31,
(in thousands)	2024		2023
On rent rental merchandise, net
Acima	$	693,095	$	606,912
Rent-A-Center	420,382		478,774
Mexico	21,383		24,210
Total on rent rental merchandise, net	$	1,134,860	$	1,109,896


	December 31,
(in thousands)	2024		2023
Held for rent rental merchandise, net
Acima	$	261	$	498
Rent-A-Center	104,302		112,129
Mexico	9,359		11,540
Total held for rent rental merchandise, net	$	113,922	$	124,167


	December 31,
(in thousands)	2024		2023
Assets by segment
Acima	$	1,301,657	$	1,221,845
Rent-A-Center	948,661		1,061,107
Mexico	47,608		57,347
Franchising	29,126		18,023
Total segments	2,327,052		2,358,322
Corporate	322,610		363,108
Total assets	$	2,649,662	$	2,721,430


	December 31,
(in thousands)	2024		2023
Assets by country
United States	$	2,602,054	$	2,664,083
Mexico	47,608		57,347

Total assets	$	2,649,662	$	2,721,430


	Year Ended December 31,
(in thousands)	2024		2023		2022
Rentals and fees by inventory category
Furniture and accessories	$	1,337,917	$	1,179,919	$	1,323,437
Consumer electronics	426,078		486,571		482,959
Appliances	411,720		404,241		439,309
Wheels and tires	447,008		341,174		308,618
Jewelry	302,035		228,081		194,123
Personal Electronics	177,714		181,217		182,380

Other products and services	411,186		440,475		444,627
Total rentals and fees	$	3,513,658	$	3,261,678	$	3,375,453


	Year Ended December 31,
(in thousands)	2024		2023		2022
Revenue by country
United States	$	4,241,838	$	3,917,788	$	4,180,512
Mexico	78,726		74,625		64,880

Total revenues	$	4,320,564	$	3,992,413	$	4,245,392

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal	$ 79,751	$ 58,480	$ 62,878
State	2,451	9,644	21,473
Foreign	1,537	4,385	4,570
Total current	83,739	72,509	88,921
Federal	(39,712)	(28,084)	(25,923)
State	11,462	1,316	(13,321)
Foreign	(1,426)	12,305	(563)
Total deferred	(29,676)	(14,463)	(39,807)
Income tax expense	$ 54,063	$ 58,046	$ 49,114

Accrued Liabilities

12 Months Ended

Dec. 31, 2024

Accrued Liabilities [Abstract]

Accrued Liabilities


	December 31,
(in thousands)	2024		2023
Accrued insurance costs	$	66,586	$	77,318
Deferred revenue	64,952		72,605
Accrued compensation	37,606		39,419
Taxes other than income	31,633		27,672
Accrued interest payable	21,907		25,137
Accrued dividends	21,393		21,491
Income taxes payable	—		15,767

Estimated legal accrual(1)	20,700		8,750
Deferred compensation	10,742		8,488
Accrued other	28,693		26,258
Total Accrued liabilities	$	304,212	$	322,905

(1) See Note M for additional information.

Revenues - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Revenues [Abstract]
Rental purchase agreement deferred revenue	$ 61.6	$ 68.6
Other deferred revenue	0.6	1.1
Franchise fee deferred revenue	$ 2.7	$ 3.0

Deferred Compensation Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred Compensation Plan [Abstract]
Maximum Deferral Percentage of Base Compensation under Deferred Compensation Plan	50.00%
Maximum Deferral Percentage of Bonus Compensation under Deferred Compensation Plan	100.00%
Deferred compensation arrangement with individual, requisite service period	2 years
Contributions by Employer under Deferred Compensation Plan	$ 160	$ 70	$ 120
Employer match under Deferred Compensation Plan, Percent	50.00%
Employee Contribution Maximum Percent of Compensation under Deferred Compensation Plan	6.00%
Discretionary Contribution under Deferred Compensation Plan	$ 0
Deferred compensation	10,742	8,488
Deferred Compensation Plan Assets	$ 10,700	$ 8,500

Stock Repurchase Plan	12 Months Ended
Stock Repurchase Plan	Dec. 31, 2024
Stock Repurchase Plan [Abstract]
Stock Repurchase Plan	Stock Repurchase Plan In early December 2021, our Board of Directors authorized a stock repurchase program for up to $500 million (the “December 2021 Program”), which superseded our previous stock repurchase program. Under the December 2021 Program, we may purchase shares of our common stock from time to time in the open market or privately negotiated transactions. We are not obligated to acquire any shares under the program, and the program may be suspended or discontinued at any time. There were no repurchases of our common stock during the year ended December 31, 2024. During 2023 and 2022 we repurchased 1,706,277 and 3,536,799 shares of our common stock, respectively, under the December 2021 Program for an aggregate purchase price of approximately $50.0 million and $75.1 million, respectively. At December 31, 2023, in accordance with Section 4501 of the Internal Revenue Code of 1986, as amended, we accrued $0.4 million in excise tax related to the share repurchases in 2023, which was subsequently paid in the year ended December 31, 2024. As of December 31, 2024, under the December 2021 Program, approximately $235.0 million remains available for repurchases.

Senior Debt - Scheduled of Maturity Dates (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2025	$ 0
2026	0
2027	0
2028	802,333,000
2029	75,000,000
Thereafter	0
Total senior debt	877,333,000
Revolving Credit Facility
Debt Instrument [Line Items]
2025	0
2026	0
2027	0
2028	0
2029	75,000,000
Thereafter	0
Total senior debt	75,000,000	$ 70,000,000
Term loan
Debt Instrument [Line Items]
2025	0
2026	0
2027	0
2028	802,333,000
2029	0
Thereafter	0
Total senior debt	$ 802,333,000	$ 811,083,000

Income Taxes - Narrative (Details) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) $ in Millions	Dec. 31, 2024 USD ($)
Effective Income Tax Rate Reconciliation [Line Items]
Tax credit carryforward	$ 3.2
Tax benefits, if recognized, affect annual effective tax rate	0.3
Interest expense related to unrecognized tax benefits	0.4
Accrued for payment of interest related to unrecognized tax benefits	0.2
State
Effective Income Tax Rate Reconciliation [Line Items]
Net operating loss carryforwards	147.0
Domestic Tax Jurisdiction
Effective Income Tax Rate Reconciliation [Line Items]
Net operating loss carryforwards	0.0
Foreign
Effective Income Tax Rate Reconciliation [Line Items]
Net operating loss carryforwards	$ 23.0

Other Gains and Charges (Tables)

12 Months Ended

Dec. 31, 2024

Unusual or Infrequent Items, or Both [Abstract]

Schedule of Unusual or Infrequent Items, or Both

Activity with respect to Other gains and charges for the years ended December 31, 2024 and 2023 is summarized in the below table:


	Year Ended December 31,
(in thousands)		2024		2023
Acima acquired assets depreciation and amortization		$	61,347	$	72,935
Legal matters		15,764		318
Accelerated software depreciation		6,145		9,218
Asset impairments		5,944		—
Accelerated stock compensation		5,073		—
Acima equity consideration vesting		4,893		137,507
Brigit transaction fees		3,656		—





Other(1)		1,758		(3,069)
Total other gains and charges		$	104,580	$	216,909

(1) Primarily represents shutdown and holding expenses related to store closures for the year ended December 31, 2024 and interest income on tax refunds for prior years received in 2023 for the year ended December 31, 2023.

Goodwill and Other Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 44,736
2026	44,604
2027	44,604
2028	39,638
2029	38,593
Thereafter	43,071
Other intangible assets, net	$ 255,246	$ 301,398

Leases - Operating Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Operating lease charges	$ 171,445	$ 164,065	$ 160,064
Variable Lease, Cost	37,540	37,660	36,216
Sublease Income	6,637	3,913	7,128
Operating lease cost included in non-labor operating expenses
Lessee, Lease, Description [Line Items]
Operating lease charges	129,667	124,593	124,376
Operating lease cost included in general and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease charges	5,567	5,725	6,297
Operating lease cost included in other gains and charges
Lessee, Lease, Description [Line Items]
Operating lease charges	$ 5,308	$ 0	$ 303

Acquisitions - Other Acquisitions (Details) $ in Thousands	12 Months Ended
Acquisitions - Other Acquisitions (Details) $ in Thousands	Dec. 31, 2024 USD ($) store	Dec. 31, 2023 USD ($) store	Dec. 31, 2022 USD ($) store
Acquisitions and Divestitures [Line Items]
Goodwill, Additions from acquisitions	$ 439	$ 0
Rent-A-Center
Acquisitions and Divestitures [Line Items]
Number of stores acquired remaining open \| store	3	0	1
Number of stores acquired that were merged with existing stores \| store	3	1	4
Number of transactions \| store	6	1	5
Aggregate cash consideration	$ 1,463	$ 39	$ 995
Goodwill, Additions from acquisitions	439	0	0
Rental merchandise	794	28	854
Rent-A-Center \| Customer relationships
Acquisitions and Divestitures [Line Items]
Acquisition amounts allocated to finite-lived intangible assets	$ 230	$ 11	$ 141

Property Assets (Details) - USD ($) $ in Thousands	12 Months Ended
Property Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 17, 2021
Property, Plant and Equipment [Line Items]
Software	$ 438,607	$ 481,347
Building and leasehold improvements	205,162	214,498
Furniture and equipment	140,621	151,844
Transportation equipment	1,765	1,179
Construction in progress	16,704	35,370
Total property assets	802,859	884,238
Less accumulated depreciation	(548,708)	(611,120)
Total property assets, net of accumulated depreciation	254,151	273,118
Capitalized software costs included in construction in progress	12,800	30,000
Cost of internally developed software placed in service	$ 44,000	$ 15,900	$ 20,500
Software \| Acima Holdings
Property, Plant and Equipment [Line Items]
Property assets				$ 170,000

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Cash Flows [Abstract]
Income taxes refunded	$ 751	$ 20,714	$ 725
Share Repurchase Program, Excise Tax	(400)
Payments for Repurchase of Common Stock	$ 0	$ 50,000	$ 75,052

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Cash paid for amounts included in measurement of operating lease liabilities	$ 102,013	$ 105,438	$ 104,281
Cash paid for short-term operating leases not included in operating lease liabilities	25,105	19,306	18,639
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 63,874	$ 68,707	$ 99,952

Income Taxes

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Income Taxes

For financial statement purposes, earnings before income taxes by source was comprised of the following:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Domestic	$	165,020	$	38,375	$	43,977
Foreign	12,521		14,492		17,494
Earnings before income taxes	$	177,541	$	52,867	$	61,471

A reconciliation of the federal statutory rate of 21% to the effective rate follows:


	Year Ended December 31,
	2024		2023		2022
Tax at statutory rate	21.0	%	21.0	%	21.0	%

Non-deductible compensation	3.2	%	57.1	%	53.4	%
State income taxes	5.7	%	16.5	%	13.4	%
Effect of foreign operations	1.6	%	19.5	%	6.6	%
Effect of current year credits	(2.5)	%	(9.9)	%	(13.2)	%
Change in unrecognized tax benefits	(0.1)	%	(6.9)	%	0.1	%
Other permanent differences	0.9	%	1.7	%	0.9	%
Prior year return to provision adjustments	0.2	%	0.3	%	1.7	%


Valuation allowance	(0.3)	%	11.4	%	(3.0)	%
Other, net	0.8	%	(0.9)	%	(1.0)	%
Effective income tax rate	30.5	%	109.8	%	79.9	%

The components of income tax expense (benefit) are as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Current expense (benefit)
Federal	$	79,751	$	58,480	$	62,878
State	2,451		9,644		21,473
Foreign	1,537		4,385		4,570
Total current	83,739		72,509		88,921
Deferred (benefit) expense
Federal	(39,712)		(28,084)		(25,923)
State	11,462		1,316		(13,321)
Foreign	(1,426)		12,305		(563)
Total deferred	(29,676)		(14,463)		(39,807)
Total income tax expense	$	54,063	$	58,046	$	49,114

Deferred tax assets (liabilities) consist of the following:


	December 31,
(in thousands)	2024		2023
Deferred tax assets

Net operating loss carryforwards	$	12,814	$	20,852

Accrued liabilities	63,258		64,410
Intangible assets	133,235		143,386
Property assets	9,641		—
Lease obligations	72,790		79,645
Other assets	3,892		4,082
Foreign tax credit carryforwards	2,348		856
Total deferred tax assets	297,978		313,231
Valuation allowance	(8,599)		(9,340)
Deferred tax assets, net	289,379		303,891
Deferred tax liabilities
Rental merchandise	(176,375)		(212,137)
Property assets	—		(2,089)
Lease assets	(70,786)		(77,825)
Other liabilities	(1,874)		(650)
Total deferred tax liabilities	(249,035)		(292,701)
Net deferred taxes	$	40,344	$	11,190

As of each reporting date, our management considers new evidence, both positive and negative, that could impact management’s view with regard to future realization of deferred tax assets. At December 31, 2024, we had net operating loss carryforwards of approximately $147 million for state, none for federal and $23 million for foreign jurisdictions.

After review of the evidence generated during the year, we have determined that a valuation allowance is required against Mexico and certain state net operating losses due to the forecasted expiration of net operating losses. We also had federal, state and foreign tax credit carryforwards of approximately $3.2 million of which a portion has been offset by a valuation allowance. The net operating losses and credits will expire in various years between 2025 and 2043.

We file income tax returns in the U.S. and multiple foreign jurisdictions with varying statutes of limitations. In the normal course of business, we are subject to examination by various taxing authorities. We are currently under examination by certain state revenue authorities for the fiscal years 2013 through 2022. The following is a summary of all tax years that are open to examination.

•U.S. Federal - 2021 and forward

•U.S. States - 2013 and forward

•Foreign - 2019 and forward

We do not anticipate that adjustments as a result of these audits, if any, will have a material impact to our Consolidated Statements of Operations, Consolidated Balance Sheets, and statement of cash flows or earnings per share.

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Beginning unrecognized tax benefit balance	$	1,221	$	5,100	$	6,536
Additions based on tax positions related to current year	—		97		14
Reductions based on tax positions related to current year	—		—		(488)
Additions for tax positions of prior years	—		759		21
Reductions for tax positions of prior years	(653)		(4,735)		(983)
Settlements	(200)		—		—
Ending unrecognized tax benefit balance	$	368	$	1,221	$	5,100

Included in the balance of unrecognized tax benefits at December 31, 2024, is $0.3 million, net of federal benefit, which, if ultimately recognized, will affect our annual effective tax rate.

During the year ended December 31, 2024, we recorded interest expense of $0.4 million for remaining uncertain tax positions, partially offset by $0.2 million of interest income primarily related to the reversal of the accrual of interest for matters settled during the year in our favor, both of which are excluded from the reconciliation of unrecognized tax benefits presented above.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS [Abstract]
Cash and cash equivalents	$ 60,860	$ 93,705
Receivables, net of allowance for doubtful accounts of $13,290 and $14,254 in 2024 and 2023, respectively	156,438	111,005
Prepaid expenses and other assets	54,205	50,259
Rental merchandise, net [Abstract]
On rent	1,134,860	1,109,896
Held for rent	113,922	124,167
Merchandise held for installment sale	5,522	6,398
Property assets, net of accumulated depreciation of $548,708 and $611,120 in 2024 and 2023, respectively	254,151	273,118
Operating lease right-of-use assets	265,537	289,702
Deferred tax asset	58,732	72,032
Goodwill	290,189	289,750
Other intangible assets, net	255,246	301,398
Total assets	2,649,662	2,721,430
LIABILITIES [Abstract]
Accounts payable — trade	115,479	177,249
Accrued liabilities	304,212	322,905
Operating lease liabilities	272,983	293,435
Deferred tax liability	18,388	60,842
Senior debt, net	867,726	866,707
Senior notes, net	441,890	439,920
Total liabilities	2,020,678	2,161,058
STOCKHOLDERS' EQUITY [Abstract]
Common stock, $0.01 par value; 250,000,000 shares authorized; 125,796,878 and 125,415,059 shares issued in 2024 and 2023, respectively	1,108	1,100
Additional paid-in capital	1,493,885	1,459,709
Retained earnings	1,036,169	994,892
Treasury stock at cost, 71,060,928 shares in 2024 and 2023	(1,890,966)	(1,890,966)
Accumulated other comprehensive loss	(11,212)	(4,363)
Total stockholders' equity	628,984	560,372
Total liabilities and stockholders' equity	$ 2,649,662	$ 2,721,430

Senior Notes (Details) - USD ($) $ in Thousands	Feb. 17, 2021	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Unamortized debt issuance expense		$ 9,607	$ 14,376
Senior Notes
Debt Instrument [Line Items]
Initial borrowing in senior notes	$ 450,000
Interest rate, stated percentage	6.375%
Unamortized debt issuance expense	$ 15,700	$ 8,100
Senior Notes \| The Notes
Debt Instrument [Line Items]
Percentage of principal amount purchased	101.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Other Gains and Charges

12 Months Ended

Dec. 31, 2024

Unusual or Infrequent Items, or Both [Abstract]

Other Gains and Charges

Acima Holdings Acquisition. On February 17, 2021, we completed the acquisition of Acima Holdings, a leading provider of virtual lease-to-own solutions. Included in the aggregate consideration issued to the former owners of Acima Holdings were 8,096,595 common shares, valued at $414.1 million, subject to 36-month vesting conditions under restricted stock agreements, which were recognized over the vesting term as stock compensation expense, in accordance with ASC Topic 718, “Stock-based Compensation”. During the years ended December 31, 2024 and 2023, we recognized approximately $4.9 million and $137.5 million in stock compensation expense, respectively, related to these restricted stock agreements. See Note O for additional information.

The fair value of assets acquired as part of the transaction included $520 million in intangible assets and $170 million in developed technology. During the years ended December 31, 2024 and 2023, we recognized approximately $45.5 million and $57.0 million in amortization expense, respectively, related to acquired intangible assets. We also recognized approximately $15.9 million in incremental depreciation expense related to acquired technology assets during both the years ended December 31, 2024 and 2023.

Legal Matters. As disclosed further in Note M in this Annual Report on Form 10-K and as previously disclosed, we are currently party to recently filed regulatory lawsuits with the Consumer Financial Protection Bureau and with the New York Attorney General, as well as a multi-state regulatory investigation by attorneys’ general offices from forty states and the District of Columbia. These matters relate to lease-to-own transactions for our Acima subsidiary, which was acquired in 2021. We believe these regulatory lawsuits and the multi-state investigation are not representative of historical regulatory matters that arise in the ordinary course of our business. During the year ended December 31, 2024, we recorded expenses of $10.7 million related to estimated legal accruals for certain of these regulatory matters based on the current status of these matters. We will continue to evaluate and modify our estimated legal accruals as appropriate in future periods based on future developments. In addition, for these regulatory matters we incurred litigation and defense expenses of $5.1 million for the year ended December 31, 2024.

Internally Developed Software Depreciation. During the third quarter of 2023, we completed initial development and began pilot testing a new internally developed point-of-sale system for our Rent-A-Center lease-to-own stores. Deployment of the new

system across our lease-to-own store network began in the second quarter of 2024 and was completed in the third quarter of 2024, at which time our existing point-of-sale software was retired. Therefore, in the third quarter of 2023, we accelerated the remaining useful lives of our existing point-of-sale software assets to align with the deployment timeline of our new point-of-sale system, which resulted in the recognition of additional depreciation expense of $6.1 million and $9.2 million for the years ended December 31, 2024 and 2023, respectively.

Stock Award Letter Agreement. On April 3, 2024, we entered into a letter agreement with the Company’s Chief Executive Officer as disclosed in our Current Report on Form 8-K dated as of April 5, 2024. The terms of the letter agreement included special provisions for his outstanding restricted stock awards vesting at various times through February 2027, which resulted in the acceleration of stock compensation expense for those awards in accordance with ASC Topic 718, “Stock-based Compensation”. Accelerated stock compensation expense recognized for the year ended December 31, 2024 due to this letter agreement was approximately $5.1 million.

Brigit Acquisition. As described in Note B, on January 31, 2024, we completed the acquisition of Brigit, a leading holistic financial health technology company. For the three months ended December 31, 2024, we recognized approximately $3.7 million in transaction costs associated with the closing of the transaction.

Store Consolidations. During the first half of 2024, we closed 55 Rent-A-Center stores, resulting in pre-tax charges of $5.3 million in lease impairment charges, $0.6 million in disposal of fixed assets and $1.4 million in other miscellaneous shutdown and holding costs for the year ended December 31, 2024.

Activity with respect to Other gains and charges for the years ended December 31, 2024 and 2023 is summarized in the below table:


	Year Ended December 31,
(in thousands)		2024		2023
Acima acquired assets depreciation and amortization		$	61,347	$	72,935
Legal matters		15,764		318
Accelerated software depreciation		6,145		9,218
Asset impairments		5,944		—
Accelerated stock compensation		5,073		—
Acima equity consideration vesting		4,893		137,507
Brigit transaction fees		3,656		—





Other(1)		1,758		(3,069)
Total other gains and charges		$	104,580	$	216,909

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation tax adjustment	$ (1,821)	$ 1,665	$ 464

Property Assets

12 Months Ended

Dec. 31, 2024

Property Assets [Abstract]

Property Assets


	December 31,
(in thousands)	2024		2023
Software	$	438,607	$	481,347
Building and leasehold improvements	205,162		214,498
Furniture and equipment	140,621		151,844
Transportation equipment	1,765		1,179
Construction in progress	16,704		35,370
Total property assets	802,859		884,238
Less accumulated depreciation	(548,708)		(611,120)
Total property assets, net of accumulated depreciation	$	254,151	$	273,118

We had $12.8 million and $30.0 million of capitalized software costs included in construction in progress at December 31, 2024 and 2023, respectively. For the years ended December 31, 2024, 2023, and 2022, we placed in service internally developed software of approximately $44.0 million, $15.9 million, and $20.5 million, respectively.

Receivables and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Line Items]
Proceeds from Interest Received	$ 10,300	$ 11,400	$ 12,100
Accounts receivable, before allowance for credit loss	169,728	125,259
Accounts Receivable, after Allowance for Credit Loss	156,438	111,005
Changes in allowance for doubtful accounts [Roll Forward]
Allowance for doubtful accounts	(13,290)	(14,254)	(13,214)	$ (8,479)
Bad debt expense	19,350	25,869	24,658
Accounts written off	(20,314)	(24,829)	$ (19,923)
Installment sales receivable
Receivables [Line Items]
Accounts receivable, before allowance for credit loss	60,242	62,901
Changes in allowance for doubtful accounts [Roll Forward]
Allowance for doubtful accounts	(11,100)	(13,000)
Trade and notes receivables
Receivables [Line Items]
Accounts receivable, before allowance for credit loss	109,486	62,358
Changes in allowance for doubtful accounts [Roll Forward]
Allowance for doubtful accounts	(2,200)	(1,200)
Accrued Revenue	51,100	36,800
Trade and notes receivables \| Acima
Changes in allowance for doubtful accounts [Roll Forward]
Accrued Revenue	$ 46,600	$ 31,700

Leases - Weighted average (Details)	12 Months Ended
Leases - Weighted average (Details)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted-average discount rate(1)	8.00%	7.80%	7.00%
Weighted-average remaining lease term (in years)	4 years	4 years	4 years

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A summary of the changes in recorded goodwill follows:


	Year Ended December 31,
(in thousands)	2024		2023
Beginning goodwill balance	$	289,750	$	289,750
Additions from acquisitions	439		—


Ending goodwill balance	$	290,189	$	289,750

Schedule of Finite-Lived Intangible Assets

Amortizable intangible assets consist of the following:


		December 31, 2024				December 31, 2023
(Dollar amounts in thousands)	Avg. Life (years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	2	$	140,417	$	140,193	$	140,191	$	140,165
Merchant relationships	10	389,760		152,630		389,760		113,740
Trade name	7	40,000		22,108		40,000		16,394
Non-compete agreements	3	46,719		46,719		46,719		44,973
Total other intangible assets		$	616,896	$	361,650	$	616,670	$	315,272

Aggregate Amortization Expense

Aggregate amortization expense (in thousands):


Year Ended December 31, 2024	$	46,382
Year Ended December 31, 2023	$	58,022
Year Ended December 31, 2022	$	65,890

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense, assuming current intangible balances and no new acquisitions, for each of the years ending December 31, is as follows:


(in thousands)	Estimated Amortization Expense
2025	$	44,736
2026	44,604
2027	44,604
2028	39,638
2029	38,593
Thereafter	43,071
Total amortization expense	$	255,246

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 290,189	$ 289,750	$ 289,750
Rent-A-Center
Finite-Lived Intangible Assets [Line Items]
Goodwill	1,900	1,500
Acima
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 288,300	$ 288,300

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Accrued Liabilities [Abstract]

Accrued Liabilities


	December 31,
(in thousands)	2024		2023
Accrued insurance costs	$	66,586	$	77,318
Deferred revenue	64,952		72,605
Accrued compensation	37,606		39,419
Taxes other than income	31,633		27,672
Accrued interest payable	21,907		25,137
Accrued dividends	21,393		21,491
Income taxes payable	—		15,767

Estimated legal accrual(1)	20,700		8,750
Deferred compensation	10,742		8,488
Accrued other	28,693		26,258
Total Accrued liabilities	$	304,212	$	322,905

(1) See Note M for additional information.

Document and Company Information - USD ($)	12 Months Ended
Document and Company Information - USD ($)	Dec. 31, 2024	Feb. 18, 2025	Jun. 30, 2024
Document and Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Entity Registrant Name	Upbound Group, Inc.
Document Transition Report	false
Entity File Number	001-38047
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-0491516
Entity Address, Address Line One	5501 Headquarters Drive
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75024
City Area Code	972
Local Phone Number	801-1100
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	UPBD
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
IcfrAuditorAttestationFlag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 1,649,853,144
Entity Public Float Shares			53,741,143
Entity Common Stock, Shares Outstanding		57,423,571
Documents Incorporated by Reference	Portions of the definitive proxy statement relating to the 2025 Annual Meeting of Stockholders of Upbound Group, Inc. are incorporated by reference into Part III of this report.
Entity Central Index Key	0000933036
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Contingencies	12 Months Ended
Contingencies	Dec. 31, 2024
Commitments and Contingencies [Abstract]
Contingencies	Contingencies We, along with our subsidiaries, are party to various legal proceedings and governmental inquiries and investigations given the nature of our business. We regularly monitor developments related to these matters, determine whether a reserve is appropriate if the loss is both probable and reasonably estimable, and review the adequacy of our reserves for such matters on a quarterly basis. As a result, we do not have reserves for all matters with respect to which we may or will have future liability, and no assurance can be given that our reserves, when recorded, will be adequate to cover the full amount of any loss we may ultimately incur. In addition, certain of the matters described below involve demands for monetary relief and changes to our business practices that could materially and adversely impact our business, financial condition and results of operations were we to agree to them as part of a settlement or be subject to them following an adverse result in litigation. At December 31, 2024 and 2023, we had estimated legal accruals of $20.7 million and $8.8 million, respectively, included in accrued liabilities in our Consolidated Balance Sheet for pending legal and regulatory matters for which we believe losses are probable and the amount of the loss can be reasonably estimated. However, as of the date of this Annual Report on Form 10-K, we cannot predict the ultimate resolution of our pending legal proceedings, governmental inquiries and investigations and, therefore, are unable to estimate a range of losses related to these matters that may be reasonably possible to occur. In addition to our estimated legal accruals, as of December 31, 2024 we have incurred legal and other related expenses, and expect to incur substantial additional legal and related expenses, associated with the litigation and investigations discussed below. Unclaimed Property. We are subject to unclaimed property audits by states in the ordinary course of business. The property subject to review in the audit process includes unclaimed wages, vendor payments and customer refunds. State escheat laws generally require entities to report and remit abandoned and unclaimed property to the state. Failure to timely report and remit the property can result in assessments that could include interest and penalties, in addition to the payment of the escheat liability itself. We routinely remit escheat payments to states and believe we are in compliance with applicable escheat laws. Consumer Financial Protection Bureau (“CFPB”) Litigation. In October 2020, prior to the December 2020 execution of the definitive agreement to acquire Acima, Acima received a Civil Investigative Demand (the “CID”) from the CFPB requesting certain information, documents and data relating to Acima’s products, services and practices from January 1, 2015 forward. The stated purpose of the CID was to determine whether Acima extends credit, offers leases, or otherwise offers or provides a consumer financial product or service and whether Acima complies with certain consumer financial protection laws. After the original CID, the CFPB issued subsequent CIDs requesting further information, documents and testimony. Acima responded to all CIDs and cooperated with the CFPB throughout their investigation. In May 2023, in accordance with the CFPB’s Notice and Opportunity to Respond and Advise (“NORA”) process, the CFPB staff notified Acima that the staff may recommend that the CFPB take legal action against Acima based on allegations that Acima violated the Consumer Financial Protection Act of 2010; the Truth in Lending Act and its implementing regulation, Regulation Z; the Electronic Fund Transfer Act and its implementing regulation, Regulation E; and the Fair Credit Reporting Act and its implementing regulation, Regulation V, and seek remedies including restitution, disgorgement, damages, injunctive relief, and civil money penalties. In June 2023, Acima submitted its response to the NORA notice. In the second quarter 2024, Acima was informed by the CFPB staff that the CFPB authorized “sue or settle” authority pursuant to the NORA process. The CFPB subsequently provided Acima with a settlement proposal. Although Acima engaged in discussions with the CFPB regarding its settlement demands, Acima’s efforts to negotiate a resolution were met with the CFPB’s threat of imminent commencement of litigation, refusal to meet with Acima in person to discuss a potential resolution, and what Acima believes were unsupportable demands. As a result, on July 22, 2024, Acima filed a lawsuit against the CFPB in the U.S. District Court for the Eastern District of Texas. Acima seeks to halt what it contends is the CFPB’s unauthorized attempt to expand its authority as limited by federal law and usurp the long-standing, comprehensive state regulatory framework governing the lease-to-own industry. Acima filed this action reluctantly, only after concluding in its judgment that the CFPB was not prepared to settle with Acima on acceptable terms. On July 26, 2024, the CFPB filed a lawsuit against Acima and its former founder in the U.S. District Court for the District of Utah, alleging violations of the consumer financial protection laws and regulations described above in connection with the CFPB’s May 2023 NORA notice. The CFPB’s lawsuit seeks injunctive relief, unspecified monetary relief and civil penalties and other relief. Both lawsuits remain pending. Acima will vigorously prosecute the lawsuit it filed and defend itself against the CFPB’s lawsuit. We cannot provide any assurance that Acima’s litigation against the CFPB will be successful or that Acima will be successful in defending against the CFPB’s litigation, and that the CFPB’s ongoing regulatory efforts will not lead to the imposition of financial and other relief, and/or require changes to Acima’s business practices or operations that could materially and adversely affect our business, financial condition, results of operations or reputation. In connection with our acquisition of Acima, $45 million of a $50 million initial holdback escrowed at the closing of the transaction remains available for fines, penalties or customer restitution paid in connection with a resolution of the CFPB matter, including an adverse litigation outcome. Although the CFPB’s complaint does not contain a specific monetary demand, the CFPB’s initial monetary settlement demand exceeded the remaining $45 million holdback by a substantial amount. Therefore, there can be no assurance that the remaining escrowed amount will be sufficient to address all covered losses that may ultimately be incurred for this matter. In addition, Acima has incurred and expects to continue to incur substantial legal and related expenses associated with this matter, which are not recoverable from the holdback amount. According to reports, on February 8, 2025, the acting director of the CFPB instructed CFPB employees to cease all supervision and examination activity, cease all stakeholder engagement and pause all pending investigations, among other orders. We are not able to predict the impact that these or other actions the U.S. Presidential Administration may take with respect to the CFPB or other regulatory agencies (or the outcome of legal proceedings challenging those actions) may have on Acima’s pending litigation in the U.S. District Courts for the Eastern District of Texas and the District of Utah or on the regulatory environment related to our business. Multi-State Attorneys’ General Investigation. In November 2021, Acima received a letter from the Nebraska Attorney General’s office stating that the Attorney General of Nebraska, along with a coalition of thirty-eight state Attorneys General, initiated a multi-state investigation into the business acts and practices of Acima and that a civil investigative demand(s) and/or subpoena(s) pursuant to respective state consumer protection laws will be forthcoming. Since receiving the letter, we have held multiple discussions and attended meetings with officials at many of the applicable attorneys’ general offices, including members of the Executive Committee, which is leading the negotiations on behalf of the multistate group (the “Multistate”). Based on our engagement with the Multistate, it is our understanding that the investigation involves forty states and the District of Columbia. In April 2022, we received a request for information and documents, and we have produced various records in response to the request. In March 2024, the Multistate presented their findings and allegations from their investigation to Acima. In May 2024, Acima submitted its response to the Multistate’s presentation. In the second quarter 2024, Acima received a settlement proposal from the Multistate. Since then, the parties have continued to engage in conversations regarding a potential resolution and Acima has responded to the Multistate’s settlement proposals and monetary demands. As of the date of this Annual Report on Form 10-K, although we would not be willing to agree to the Multistate’s most recent monetary demand which we believe is unsupportable or agree to a number of the other terms presented by the Multistate, we expect to continue to discuss the potential resolution of this matter. We are currently unable to predict whether or on what terms, including the amount of a monetary payment and the nature of business practice changes, any settlement with the Multistate, or individual members of the group, can be achieved. If we are unable to reach agreement on terms acceptable to us and to the various states involved in the group, some or all of such states may commence legal proceedings against Acima. We cannot provide any assurance that any settlement or adverse result in litigation will not require a monetary payment and/or changes to Acima’s business practices or operations that could materially and adversely affect our business, financial condition, results of operations or reputation. New York Attorney General Litigation. The New York Attorney General (the “NYAG”) issued a subpoena to our Acima subsidiary in January 2020, prior to our acquisition of Acima, seeking information with respect to various business practices in connection with Acima’s lease-to-own transactions. Acima received additional subpoenas from the NYAG in August 2021 and July 2023. Acima cooperated with the NYAG throughout its investigation. In March 2023, the NYAG provided Acima with a proposed assurance of discontinuance alleging violations of certain consumer laws, seeking injunctive relief regarding certain business practices, and seeking payment of unspecified amounts for restitution and civil penalties. In April 2023, Acima submitted its response to the NYAG’s proposed assurance of discontinuance. In February 2024, Acima provided a settlement proposal to the NYAG. In March 2024, the NYAG presented Acima with an initial monetary demand for settlement purposes. On August 14, 2024, despite Acima’s cooperation with the investigation and its active engagement in settlement discussions with the NYAG, the NYAG filed a lawsuit against Acima in the Supreme Court of the State of New York, County of New York. The lawsuit alleges violations of various consumer financial protection laws and regulations similar to those set forth in the NYAG’s March 2023 proposed assurance of discontinuance. The lawsuit seeks injunctive relief, unspecified monetary relief and civil penalties and other relief. Acima will vigorously defend itself against the NYAG’s lawsuit. We cannot provide any assurance that Acima will be successful in defending against the NYAG’s litigation or that an adverse result in litigation will not require a monetary payment and/or changes to Acima’s business practices or operations that could materially and adversely affect our business, financial condition, results of operations or reputation. McBurnie Litigation. We are a defendant in a putative class action entitled McBurnie, et al. v. Acceptance Now, LLC, brought on behalf of individuals who entered into a rental purchase agreement with the Company’s Acceptance Now business in California and were charged a processing fee and/or an expedited fee. Plaintiffs allege that the fees they were charged were neither “reasonable” nor “actually incurred” in violation of the Karnette Rental-Purchase Act and other California state consumer protection laws. Plaintiffs seek unspecified actual damages pursuant to the Karnette Rental-Purchase Act; statutory damages pursuant to the Karnette Rental-Purchase Act; attorneys’ fees and costs; exemplary damages; and public injunctions for alleged violations of the Karnette Rental-Purchase Act, the California Consumers Legal Remedies Act, and California unfair competition laws. The action is currently pending in the United States District Court for the Northern District of California. In November 2022, the District Court denied our motion to compel arbitration, and in December 2022, we filed an interlocutory appeal of that denial with the United States Court of Appeals for the Ninth Circuit, pending which the District Court proceedings were stayed. In March 2024, the Court of Appeals affirmed the District Court’s denial of our motion to compel arbitration and its finding that plaintiffs’ challenge to the processing fee was not moot, while remanding the action to the District Court to consider whether plaintiffs have standing to challenge the expedited payment fee. Plaintiffs have since notified the District Court that they do not intend to pursue their claims regarding the expedited payment fee. In June 2024, we filed a petition for certiorari with the U.S. Supreme Court, appealing the decision from the Court of Appeals. Our petition for certiorari was denied by the Supreme Court in October 2024. Proceedings before the District Court have resumed. As of the date of filing this Annual Report on Form 10-K, the District Court has not yet ruled on the plaintiffs’ pending motion for class certification. If a class were to be certified and if we are not successful in defending against the allegations and claims in the litigation, the amount of a potential monetary judgment against us would be significantly increased. We will continue to vigorously defend this case. We are currently unable to predict the eventual outcome of this litigation. FlexShopper Litigation. On September 30, 2024, FlexShopper, Inc. (“FlexShopper”) filed a patent infringement lawsuit against Upbound Group, Inc, Acima Holdings, LLC and Acima Digital, LLC in the United States District Court for the Eastern District of Texas. On October 1, 2024, FlexShopper issued a press release announcing the lawsuit and a similar lawsuit it filed against another lease-to-own company, Katapult Holdings, Inc. The lawsuit filed against our company seeks damages and an injunction for alleged infringement of five patents assigned to FlexShopper. Flexshopper’s claims relate to certain technology allegedly used in connection with Acima’s e-commerce third-party retailer lease-to-own business. On February 6, 2025, we filed a motion to dismiss all of Flexshopper’s claims, and we will continue to vigorously defend the lawsuit. We are currently unable to predict the eventual outcome of this litigation.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

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+ Details

Receivables and Allowance for Doubtful Accounts (Tables)

12 Months Ended

Dec. 31, 2024

Receivables and Allowance for Doubtful Accounts [Abstract]

Receivables

Receivables consist of the following:


	December 31,
(in thousands)	2024		2023
Installment sales receivable	$	60,242	$	62,901
Trade and notes receivables(1)	109,486		62,358

Total receivables	169,728		125,259
Less allowance for doubtful accounts(2)	(13,290)		(14,254)
Total receivables, net of allowance for doubtful accounts	$	156,438	$	111,005

(1) Trade and notes receivables includes accrued revenue, adjusted for the probability of collection, related to our lease-to-own agreements of $51.1 million and $36.8 million at December 31, 2024 and 2023, respectively, including $46.6 million and $31.7 million related to lease-to-own agreements for Acima Holdings and $3.6 million and $3.3 million related to lease-to-own agreements for RAC at December 31, 2024 and 2023, respectively.

(2) Lease receivables are accrued on a net basis, adjusted for the probability of collection based on our assessment of historical collection rates, as described above. Therefore, we do not maintain a separate allowance for doubtful accounts related to our lease receivables.

Allowance for Doubtful Accounts

Changes in our allowance for doubtful accounts are as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Beginning allowance for doubtful accounts	$	14,254	$	13,214	$	8,479
Estimated uncollectible payments and returns(1)	19,350		25,869		24,658
Accounts written off, net of recoveries	(20,314)		(24,829)		(19,923)
Ending allowance for doubtful accounts	$	13,290	$	14,254	$	13,214

(1) Uncollectible installment payments, franchisee obligations, and other corporate receivables are recognized in non-labor store operating expenses in our consolidated financial statements.

Rental Merchandise Rental (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Rental Merchandise [Abstract]
Cost	$ 1,842,222	$ 1,762,458
Less accumulated depreciation	(707,362)	(652,562)
On rent	1,134,860	1,109,896
Cost	134,875	146,024
Less accumulated depreciation	(20,953)	(21,857)
Held for rent	$ 113,922	$ 124,167

Fair Value (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurement Inputs and Valuation Techniques

The fair value of our Notes is based on Level 1 inputs and was as follows at December 31, 2024:


	December 31, 2024
(in thousands)	Carrying Value		Fair Value		Difference
Senior notes	$	450,000	$	436,500	$	(13,500)

Fair Value

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value

We follow a three-tier fair value hierarchy, which classifies the inputs used in measuring fair values, in determining the fair value of our non-financial assets and non-financial liabilities, which consist primarily of goodwill. These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Our financial instruments include cash and cash equivalents, receivables, payables, borrowings against our ABL Credit Facility and Term Loan Facility, and outstanding Notes. The carrying amount of cash and cash equivalents, receivables and payables approximates fair value at December 31, 2024 and December 31, 2023, because of the short maturities of these instruments. In addition, the interest rates on our Term Loan Facility and ABL Credit Facility are variable and, therefore, we believe the carrying value of outstanding borrowings approximates their fair value.

The fair value of our Notes is based on Level 1 inputs and was as follows at December 31, 2024:


	December 31, 2024
(in thousands)	Carrying Value		Fair Value		Difference
Senior notes	$	450,000	$	436,500	$	(13,500)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Fair Value (Details) - Senior Notes $ in Thousands	Dec. 31, 2024 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Initial borrowing in senior notes	$ 450,000
Fair Value	436,500
Difference	$ (13,500)

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

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-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive (Loss) Income
Balance (in shares) at Dec. 31, 2021		124,398,000
Balance excluding shares at Dec. 31, 2021	$ 513,276	$ 1,065	$ 1,146,509	$ 1,143,647	$ (1,765,574)	$ (12,371)
Net earnings (loss)	12,357			12,357
Accumulated Other Comprehensive (Loss) Income	1,745					1,745
Total other comprehensive (loss) income	1,745
Purchase of treasury stock	(75,052)	$ (35)			(75,017)
Exercise of stock options (in shares)		110,000
Exercise of stock options	1,786	$ 1	1,785
Vesting of restricted share units, shares		520,000
Vesting of restricted share units	0	$ 49	(49)
Tax effect of stock awards vested and options exercised	(9,509)		(9,509)
Stock-based compensation expense	159,358		159,358
Dividends declared	(78,815)			(78,815)
Balance (in shares) at Dec. 31, 2022		125,028,000
Balance excluding shares at Dec. 31, 2022	525,146	$ 1,080	1,298,094	1,077,189	(1,840,591)	(10,626)
Net earnings (loss)	(5,179)			(5,179)
Accumulated Other Comprehensive (Loss) Income	6,263					6,263
Total other comprehensive (loss) income	6,263
Purchase of treasury stock	(50,392)	$ (17)			(50,375)
Exercise of stock options (in shares)		138,000
Exercise of stock options	2,386	$ 1	2,385
Vesting of restricted share units, shares		249,000
Vesting of restricted share units	0	$ 36	(36)
Tax effect of stock awards vested and options exercised	(2,850)		(2,850)
Stock-based compensation expense	162,116		162,116
Dividends declared	(77,118)			(77,118)
Balance (in shares) at Dec. 31, 2023		125,415,000
Balance excluding shares at Dec. 31, 2023	560,372	$ 1,100	1,459,709	994,892	(1,890,966)	(4,363)
Net earnings (loss)	123,478			123,478
Accumulated Other Comprehensive (Loss) Income	(6,849)					(6,849)
Total other comprehensive (loss) income	$ (6,849)
Exercise of stock options (in shares)	73,152	73,000
Exercise of stock options	$ 1,799	$ 1	1,798
Vesting of restricted share units, shares		309,000
Vesting of restricted share units	0	$ 7	(7)
Tax effect of stock awards vested and options exercised	(3,689)		(3,689)
Stock-based compensation expense	36,074		36,074
Dividends declared	(82,201)			(82,201)
Balance (in shares) at Dec. 31, 2024		125,797,000
Balance excluding shares at Dec. 31, 2024	$ 628,984	$ 1,108	$ 1,493,885	$ 1,036,169	$ (1,890,966)	$ (11,212)

Stock-Based Compensation (Details) - USD ($)			12 Months Ended
Stock-Based Compensation (Details) - USD ($)	Jun. 06, 2023	Feb. 17, 2021	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jun. 05, 2023	Jun. 08, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)			562,994	655,643
Exercise period of options once vested			10 years
Stock-based compensation expense			$ 36,074,000	$ 162,116,000	$ 159,358,000
Tax benefit recognized in the statements of earnings			5,483,000	5,168,000	3,391,000
Share-based compensation expense, net of tax			$ 30,591,000	$ 156,948,000	155,967,000
Stock options granted (in shares)			0
Exercise of stock options, shares			(73,152)
Stock options forfeited (in shares)			(3,996)
Stock options expired (in shares)			(15,501)
Stock options outstanding, weighted average exercise price (in dollars per share)			$ 21.54	$ 22.36
Stock options granted, weighted average exercise price (in dollars per share)			0
Stock options exercised, weighted average exercise price (in dollars per share)			24.59
Stock options forfeited, weighted average exercise price (in dollars per share)			43.24
Stock options expired, weighted average exercise price (in dollars per share)			$ 36.38
Stock options outstanding, weighted average remaining contractual life			4 years 3 months 7 days
Stock options outstanding, aggregate intrinsic value			$ 4,886,000
Stock options exercisable			550,602
Stock options exercisable, weighted average exercise price (in dollars per share)			$ 21.03
Stock options exercisable, weighted average remaining contractual life			4 years 2 months 23 days
Stock options exercisable, aggregate intrinsic value			$ 4,891,000
Stock options exercised, intrinsic value			600,000	$ 1,500,000	1,400,000
Tax benefits from exercise of stock options			$ 200,000	$ 500,000	500,000
Restricted share units outstanding (in shares)			2,072,822	2,208,752
Restricted share units granted (in shares)			829,959
Restricted share units vested (in shares)			(758,275)
Restricted share units forfeited (in shares)			(207,614)
Restricted share units outstanding, weighted average exercise price (in dollars per share)			$ 30.91	$ 37.10
Restricted share units granted, weighted average exercise price (in dollars per share)			37.09
Restricted share units vested, weighted average exercise price (in dollars per share)			48.28
Restricted share units forfeited, weighted average exercise price (in dollars per share)			$ 57.99
Other gains and charges			$ 104,580,000	$ 216,909,000	235,283,000
Accelerated stock compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other gains and charges			5,073,000	0
Acima Holdings \| Acima equity consideration vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other gains and charges			$ 4,893,000	$ 137,507,000	143,200,000
Acima Holdings \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of options granted		36 months
Equity interest issued (in shares)		8,096,595
Restricted share units outstanding (in shares)				363,791
Restricted share units vested (in shares)			(363,791)
Aggregate stock consideration, subject to lockup agreements		$ 414,100,000
2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)							5,000,000
Maximum number of shares per employee (in shares)			800,000
2021 Amended Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)						9,287,000
Number of additional shares authorized (in shares)	4,287,000
Stock options outstanding (in shares)			2,072,822	1,669,807
2016 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)			539,203	784,678
2006 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)			15,291	27,369
Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)			8,500	18,750
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of options granted			1 year
Vesting % of performance based restricted stock units			0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of options granted			4 years
Vesting % of performance based restricted stock units			200.00%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 340,000	$ 900,000	1,327,000
Unvested awards - to result in compensation expense			$ 18,200
Weighted average number of years to vesting			2 months 23 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of options granted			3 years
Stock-based compensation expense			$ 35,734,000	$ 161,216,000	$ 158,031,000
Unvested awards - to result in compensation expense			$ 24,000,000.0
Weighted average number of years to vesting			1 year 5 months 23 days

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net earnings (loss)	$ 123,478	$ (5,179)	$ 12,357

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

We lease space for all of our Rent-A-Center and Mexico stores under operating leases expiring at various times through 2034. In addition, we lease space for certain support facilities under operating leases expiring at various times through 2032. Most of our store leases are five-year leases and contain renewal options for additional periods ranging from three years to five years at rental rates adjusted according to agreed upon formulas. We evaluate all leases to determine if it is likely that we will exercise future renewal options and in most cases we are not reasonably certain of exercise due to competing market rental rates and lack of significant penalty, or business disruption incurred by not exercising the renewal options.

In certain situations involving the sale of a Rent-A-Center corporate store to a franchisee, we enter into a lease assignment agreement with the buyer, but we remain the primary obligor under the original lease for the remaining active term. These assignments are therefore classified as subleases and the original lease is included in our operating lease right-of-use assets and operating lease liabilities in our Consolidated Balance Sheets.

We lease vehicles for all of our Rent-A-Center stores under operating leases with lease terms expiring twelve months after the start date of the lease. We classify these leases as short-term and have elected the short-term lease exemption for our vehicle leases, and have therefore excluded them from our operating lease right-of-use assets within our Consolidated Balance Sheets. We also lease vehicles for all of our Mexico stores which have terms expiring at various times through 2029 with rental rates adjusted periodically for inflation, which are included in our operating lease right-of-use assets and operating lease liabilities in our Consolidated Balance Sheets. Finally, we have a minimal number of equipment leases, primarily related to temporary storage containers and certain back office technology hardware assets, which are included in our operating lease right-of-use assets and operating lease liabilities in our Consolidated Balance Sheets, or classified as short-term leases and excluded under the short term lease exemption.

In our calculation of operating lease right-of-use assets and operating lease liabilities we have elected not to separate the lease and non-lease components. Furthermore, operating lease right-of-use assets and operating lease liabilities are discounted using our incremental borrowing rate, since the implicit rate is not readily determinable. We do not currently have any financing leases.

Operating lease costs are recorded on a straight-line basis within non-labor operating expenses in our Consolidated Statements of Operations.

Total operating lease costs by expense type:


	Year Ended
(in thousands)	December 31, 2024		December 31, 2023		December 31, 2022
Operating lease cost included in non-labor operating expenses(1)	$	129,667	$	124,593	$	124,376
Operating lease cost included in general and administrative expenses	5,567		5,725		6,297
Operating lease cost included in other gains and charges	5,308		—		303
Variable lease expense	37,540		37,660		36,216
Sublease receipts	(6,637)		(3,913)		(7,128)
Total operating lease charges	$	171,445	$	164,065	$	160,064

(1) Includes short-term lease costs, which are not significant.

Supplemental cash flow information related to leases:


	Year Ended
(in thousands)	December 31, 2024		December 31, 2023		December 31, 2022
Cash paid for amounts included in measurement of operating lease liabilities	$	102,013	$	105,438	$	104,281
Cash paid for short-term operating leases not included in operating lease liabilities	25,105		19,306		18,639
Right-of-use assets obtained in exchange for new operating lease liabilities	63,874		68,707		99,952

Weighted-average discount rate and weighted-average remaining lease term:


	December 31, 2024		December 31, 2023		December 31, 2022
Weighted-average discount rate(1)	8.0	%	7.8	%	7.0	%
Weighted-average remaining lease term (in years)	4		4		4

(1) January 1, 2019 incremental borrowing rate was used for leases in existence at the time of adoption of ASU 2016-02.

Reconciliation of undiscounted operating lease liabilities to the present value operating lease liabilities at December 31, 2024:


(in thousands)	Operating Leases
2025	$	101,418
2026	80,801
2027	59,026
2028	36,264
2029	22,181
Thereafter	20,484
Total undiscounted operating lease liabilities	320,174
Less: Interest	(47,191)
Total present value of operating lease liabilities	$	272,983

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill

In the fourth quarter of 2024, we completed a qualitative assessment for impairment of goodwill as of October 1, 2024, concluding it was not more likely than not that the carrying value of the net assets of our reporting units exceeded their respective fair values. Therefore, no impairment of goodwill existed as of December 31, 2024.

At December 31, 2024 and 2023, the amount of goodwill attributable to the Rent-A-Center segment was approximately $1.9 million and $1.5 million, respectively. At December 31, 2024 and 2023, the amount of goodwill attributable to the Acima segment was approximately $288.3 million.

A summary of the changes in recorded goodwill follows:


	Year Ended December 31,
(in thousands)	2024		2023
Beginning goodwill balance	$	289,750	$	289,750
Additions from acquisitions	439		—


Ending goodwill balance	$	290,189	$	289,750

Other Intangible Assets

Amortizable intangible assets consist of the following:


		December 31, 2024				December 31, 2023
(Dollar amounts in thousands)	Avg. Life (years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	2	$	140,417	$	140,193	$	140,191	$	140,165
Merchant relationships	10	389,760		152,630		389,760		113,740
Trade name	7	40,000		22,108		40,000		16,394
Non-compete agreements	3	46,719		46,719		46,719		44,973
Total other intangible assets		$	616,896	$	361,650	$	616,670	$	315,272

Aggregate amortization expense (in thousands):


Year Ended December 31, 2024	$	46,382
Year Ended December 31, 2023	$	58,022
Year Ended December 31, 2022	$	65,890

Estimated amortization expense, assuming current intangible balances and no new acquisitions, for each of the years ending December 31, is as follows:


(in thousands)	Estimated Amortization Expense
2025	$	44,736
2026	44,604
2027	44,604
2028	39,638
2029	38,593
Thereafter	43,071
Total amortization expense	$	255,246

Income Taxes - Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Abstract]
Domestic	$ 165,020	$ 38,375	$ 43,977
Foreign	12,521	14,492	17,494
Earnings before income taxes	$ 177,541	$ 52,867	$ 61,471

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
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-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 31
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
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-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
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-Paragraph 2
-Subparagraph (SX 210.5-03(10))
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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Goodwill and Other Intangible Assets - Aggregate Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangibles	$ 46,382	$ 58,022	$ 65,890

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accrued Liabilities [Abstract]
Accrued insurance costs	$ 66,586	$ 77,318
Deferred revenue	64,952	72,605
Accrued compensation	37,606	39,419
Taxes other than income	31,633	27,672
Accrued interest payable	21,907	25,137
Accrued dividends	21,393	21,491
Income taxes payable	0	15,767
Estimated legal accrual(1)	20,700	8,800
Deferred compensation	10,742	8,488
Accrued other	28,693	26,258
Accrued liabilities	$ 304,212	$ 322,905

Senior Debt

12 Months Ended

Dec. 31, 2024

Senior Debt [Abstract]

Senior Debt

On February 17, 2021, we entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and lenders party thereto, providing for a seven-year $875 million senior secured term loan facility (the “Term Loan Facility”), as amended on September 21, 2021, June 15, 2023 and May 28, 2024, and an Asset Based Loan Credit Facility (the “ABL Credit Facility”), as amended August 10, 2022 and June 7, 2024, providing for a five-year asset-based revolving credit facility with commitments of $550 million and a letter of credit sublimit of $150 million. Commitments under the ABL Credit Facility may be increased, at our option and under certain conditions, by up to an additional $125 million in the aggregate.

Proceeds from the Term Loan Facility were net of original issue discount of $4.4 million upon issuance from the lenders. In addition, in connection with the closing of the Term Loan Facility and the ABL Credit Facility, we incurred approximately $30.2 million in debt issuance costs, including third-party legal and other professional fees, of which $25.3 million was capitalized in accordance with ASC Topic 470, “Debt” and recorded as a reduction of our outstanding senior debt, net in our Consolidated Balance Sheets.

On August 10, 2022, we entered into a First Amendment to the ABL Credit Facility, effective as of August 10, 2022. The amendment effected the replacement of LIBOR with Term Secured Overnight Financing Rate (“Term SOFR”) as the benchmark rate of interest thereunder.

On June 15, 2023, we entered into a Second Amendment to the Term Loan Facility, effective as of June 15, 2023. The amendment effected the replacement of LIBOR with Term SOFR as the benchmark rate of interest.

On May 28, 2024, we entered into a Third Amendment to the Term Loan Facility, effective as of May 28, 2024. The amendment, in addition to certain other changes, effected a repricing of the applicable margin under the Term Loan Facility by reducing the applicable margin, with respect to any initial term loans, by 50 basis points from 3.25% to 2.75% and removing the credit spread adjustment that was previously included in the calculation of the adjusted Term SOFR rate for term benchmark loans.

In connection with the execution of the Third Amendment to the Term Loan Facility, we incurred approximately $2.0 million in debt issuance costs, including third-party arrangement and other professional fees, of which approximately $1.8 million were expensed as debt refinance charges in our Consolidated Statements of Operations, and approximately $0.2 million were capitalized and recorded as a reduction to our outstanding senior debt in our Consolidated Balance Sheets. In addition, in accordance with ASC Topic 470, “Debt”, we recorded approximately $4.4 million in write-offs of unamortized debt issuance costs and original issue discount previously capitalized upon the issuance of the Term Loan Facility on February 17, 2021. The write-offs were recorded as debt refinance charges in our Consolidated Statements of Operations.

On June 7, 2024, we entered into a Second Amendment to the ABL Credit Facility, effective as of June 7, 2024. The amendment, in addition to certain other changes, extended the maturity date for loans outstanding to June 7, 2029 (subject to certain springing maturity provisions).

In connection with the execution of the Second Amendment to the ABL Credit Facility, we incurred approximately $3.2 million in debt issuance costs, including third-party arrangement and other professional fees, which were capitalized and recorded as a reduction to our outstanding senior debt in our Consolidated Balance Sheets. In addition, in accordance with ASC Topic 470, “Debt”, we recorded approximately $0.4 million in write-offs of unamortized debt issuance costs previously capitalized upon the issuance of the ABL Credit Facility on February 17, 2021. The write-offs were recorded as debt refinance charges in our Consolidated Statements of Operations.

As of December 31, 2024, the total remaining balances of unamortized debt issuance costs and original issue discount related to our senior debt reported in the Consolidated Balance Sheets were approximately $8.8 million and $0.8 million, respectively. Remaining unamortized debt issuance costs and original issue discount will be amortized to interest expense over the remaining terms of the ABL Credit Facility and Term Loan Facility.

We had $75.0 million outstanding borrowings under our ABL Credit Facility at December 31, 2024 and borrowing capacity of $428.3 million, net of issued letters of credit of approximately $46.7 million. The amount outstanding under the Term Loan Facility was $802.3 million at December 31, 2024.

The senior debt facilities as of December 31, 2024 and 2023 are as follows:


		December 31, 2024						December 31, 2023
(in thousands)	Facility Maturity	Maximum Facility		Amount Outstanding		Amount Available		Maximum Facility		Amount Outstanding		Amount Available
Senior Debt:
ABL Credit Facility(1)	June 7, 2029	$	550,000	$	75,000	$	428,306	$	550,000	$	70,000	$	429,571
Term Loan Facility	February 17, 2028	875,000		802,333		—		875,000		811,083		—
Total		$	1,425,000	877,333		$	428,306	$	1,425,000	881,083		$	429,571
Unamortized debt issuance costs				(9,607)						(14,376)
Total senior debt, net				$	867,726					$	866,707

(1) Borrowing availability is net of issued letters of credit of approximately $46.7 million and $50.4 million for the years ended December 31, 2024 and 2023, respectively

ABL Credit Facility

The ABL Credit Facility will mature on June 7, 2029, (subject to certain springing maturity provisions). We may borrow only up to the lesser of the level of the then-current borrowing base and the aggregate amount of commitments under the ABL Credit Facility. The borrowing base is tied to the amount of eligible installment sales accounts, inventory and eligible lease contracts, reduced by certain reserves.

The ABL Credit Facility bears interest at a fluctuating rate determined by reference to an adjusted Term SOFR rate plus an applicable margin of 1.50% to 2.00%. The total interest rate on the ABL Credit Facility at December 31, 2024 was 6.48%, including an applicable margin of 2.00%. A commitment fee equal to 0.250% to 0.375% of the unused portion of the ABL Credit Facility fluctuates dependent upon average utilization for the prior month as defined by a pricing grid included in the governing documents of the ABL Credit Facility. The commitment fee at December 31, 2024 was 0.375%. We paid $2.8 million of commitment fees during the year ended December 31, 2024.

Loans under the ABL Credit Facility may be borrowed, repaid and re-borrowed until June 7, 2029, at which time all amounts borrowed must be repaid. The obligations under the ABL Credit Facility are guaranteed by us and certain of our material wholly owned domestic restricted subsidiaries, subject to certain exceptions. The obligations under the ABL Credit Facility and such guarantees are secured on a first-priority basis by all of our and our subsidiary guarantors’ accounts, inventory, deposit accounts, securities accounts, cash and cash equivalents, rental agreements, general intangibles (other than equity interests in our subsidiaries), chattel paper, instruments, documents, letter of credit rights, commercial tort claims related to the foregoing and other related assets and all proceeds thereof related to the foregoing, subject to permitted liens and certain exceptions (such assets, collectively, the “ABL Priority Collateral”) and a second-priority basis in substantially all other present and future tangible and intangible personal property of ours and the subsidiary guarantors, subject to certain exceptions.

The ABL Credit Facility contains covenants that are usual and customary for similar facilities and transactions and that, among other things, restrict our ability and our restricted subsidiaries' ability to create certain liens and enter into certain sale and lease-back transactions; create, assume, incur or guarantee certain indebtedness; consolidate or merge with, or convey, transfer or lease all or substantially all of our and our restricted subsidiaries’ assets, to another person; pay dividends or make other distributions on, or repurchase or redeem, our capital stock or certain other debt; and make other restricted payments.

The governing documents of the ABL Credit Facility provide for customary events of default, including, but not limited to, failure to pay principal and interest, failure to comply with covenants, agreements or conditions, and certain events of bankruptcy or insolvency involving us and our significant subsidiaries. As of December 31, 2024, we were in compliance with all requirements and conditions set forth in our ABL Credit Facility governing documents.

Term Loan Facility

The Term Loan Facility, which matures on February 17, 2028, amortizes in equal quarterly installments at a rate of 1.00% per annum of the original principal amount thereof, with the remaining balance due at final maturity. Subject in each case to certain restrictions and conditions, we may add up to $500 million of incremental term loan facilities to the Term Loan Facility or utilize incremental capacity under the Term Loan Facility at any time by issuing or incurring incremental equivalent term debt.

Interest on borrowings under the Term Loan Facility is payable at a fluctuating rate of interest determined by reference to the Term SOFR rate plus an applicable margin of 2.75%, subject to a 0.50% Term SOFR floor. The total interest rate on the Term Loan Facility was 7.34% at December 31, 2024.

The Term Loan Facility is secured by a first-priority security interest in substantially all of our present and future tangible and intangible personal property, including our subsidiary guarantors, other than the ABL Priority Collateral (as defined below), and by a second-priority security interest in the ABL Priority Collateral, subject to certain exceptions. The obligations under the Term Loan Facility are guaranteed by us and our material wholly-owned domestic restricted subsidiaries that also guarantee the ABL Credit Facility.

The Term Loan Facility contains covenants that are usual and customary for similar facilities and transactions and that, among other things, restrict our ability and our restricted subsidiaries' ability to create certain liens and enter into certain sale and lease-back transactions; create, assume, incur or guarantee certain indebtedness; consolidate or merge with, or convey, transfer or lease all or substantially all of our and our restricted subsidiaries’ assets, to another person; pay dividends or make other distributions on, or repurchase or redeem, our capital stock or certain other debt; and make other restricted payments. The Term Loan Facility also includes mandatory prepayment requirements related to asset sales (subject to reinvestment), debt incurrence (other than permitted debt) and excess cash flow, subject to certain limitations described therein. These covenants are subject to a number of limitations and exceptions set forth in the governing documents of the Term Loan Facility.

In the event our Consolidated Secured Leverage Ratio (as such term is defined in the Term Loan Facility credit agreement) exceeds 1:1, we are required to prepay the loans under the Term Loan Facility by a percentage of annual excess cash flow, as more fully described in the Term Loan Facility credit agreement. We made mandatory excess cash flow prepayments of approximately $42.6 million, including $0.6 million in accrued interest, in March 2023, relating to results for the year ended December 31, 2022.

The Term Loan Facility provides for customary events of default, including, but not limited to, failure to pay principal and interest, failure to comply with covenants, agreements or conditions, and certain events of bankruptcy or insolvency involving us and our significant subsidiaries.

The table below shows the scheduled maturity dates of our outstanding senior debt at December 31, 2024 for each of the years ending December 31:


(in thousands)	ABL Credit Facility		Term Loan Facility (1)		Total
2025	$	—	$	—	$	—
2026	—		—		—
2027	—		—		—
2028	—		802,333		802,333
2029	75,000		—		75,000
Thereafter	—		—		—
Total senior debt	$	75,000	$	802,333	$	877,333

(1) Annual installment requirements were reduced by the amount of the excess cash flow payment described above, in accordance with the terms of the credit agreement governing the Term Loan Facility.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/470/tableOfContent

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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Receivables and Allowance for Doubtful Accounts

12 Months Ended

Dec. 31, 2024

Receivables and Allowance for Doubtful Accounts [Abstract]

Receivables and Allowance for Doubtful Accounts

Installment sales receivables consist primarily of receivables due from customers for the sale of merchandise in our retail installment stores. Installment sales receivables associated with the sale of merchandise at our Get It Now and Home Choice stores generally consist of the sales price of the merchandise purchased and any additional fees for optional services the customer has chosen, less the customer’s down payment. No interest is accrued and interest income is recognized each time a customer makes a payment, generally on a monthly basis. Interest payments received on installment agreements for the years ended December 31, 2024, 2023 and 2022 was $10.3 million, $11.4 million, and $12.1 million, respectively, included in our installment sales revenues in our Consolidated Statements of Operations.

Trade and notes receivables consist of amounts due from our lease-to-own customers for lease renewal payments and past due uncollected lease payments, adjusted for the probability of collection based on our assessment of historical collection rates and length of time the receivable is past due; amounts owed from our franchisees for inventory purchases, earned royalties and other

obligations; and other corporate related receivables. Credit is extended to franchisees based on an evaluation of each franchisee’s financial condition and collateral is generally not required. Trade receivables are generally due within 30 days.

Receivables consist of the following:


	December 31,
(in thousands)	2024		2023
Installment sales receivable	$	60,242	$	62,901
Trade and notes receivables(1)	109,486		62,358

Total receivables	169,728		125,259
Less allowance for doubtful accounts(2)	(13,290)		(14,254)
Total receivables, net of allowance for doubtful accounts	$	156,438	$	111,005

We have established an allowance for doubtful accounts for our installment notes receivable. Our policy for determining the allowance is primarily based on historical loss experience, as well as the results of management’s review and analysis of the payment and collection of the installment notes receivable within the previous year. Our allowance is adequate to absorb all expected losses. Our policy is to charge off installment notes receivable that are 120 days or more past due. Charge-offs are applied as a reduction to the allowance for doubtful accounts and any recoveries of previously charged off balances are recognized as contra-bad debt expense in our Consolidated Statements of Operations.

The allowance for our Franchising trade and notes receivables is determined by considering a number of factors, including the length of time receivables are past due, previous loss history, the franchisee’s current ability to pay its obligation, and the condition of the general economy and the industry as a whole. Trade receivables that are more than 90 days past due are either written-off or fully reserved in our allowance for doubtful accounts. Payments subsequently received on such receivables are recognized as contra-bad debt expense in our Consolidated Statements of Operations.

The allowance for doubtful accounts related to Franchising trade and notes receivables was $2.2 million and $1.2 million at December 31, 2024 and 2023, respectively, and the allowance for doubtful accounts related to installment sales receivables was $11.1 million and $13.0 million at December 31, 2024 and 2023, respectively.

Changes in our allowance for doubtful accounts are as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Beginning allowance for doubtful accounts	$	14,254	$	13,214	$	8,479
Estimated uncollectible payments and returns(1)	19,350		25,869		24,658
Accounts written off, net of recoveries	(20,314)		(24,829)		(19,923)
Ending allowance for doubtful accounts	$	13,290	$	14,254	$	13,214

(1) Uncollectible installment payments, franchisee obligations, and other corporate receivables are recognized in non-labor store operating expenses in our consolidated financial statements.

Contingencies (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Feb. 17, 2021
Loss Contingencies [Line Items]
Estimated legal accrual(1)	$ 20,700	$ 8,800
Estimated legal accrual(1)	20,700	$ 8,750
Indemnification Agreement
Loss Contingencies [Line Items]
Escrowed indemnity amount	$ 45,000		$ 50,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Segment Information

Segment information as of and for the years ended December 31, 2024, 2023, and 2022 is as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Revenues
Acima	$	2,261,446	$	1,931,325	$	2,110,320
Rent-A-Center	1,863,425		1,864,123		1,949,864
Mexico	78,726		74,625		64,880
Franchising	116,967		122,340		120,328
Total revenues(1)	$	4,320,564	$	3,992,413	$	4,245,392

(1) See Note C for additional information.


	Year Ended December 31,
(in thousands)	2024		2023		2022
Gross profit
Acima	$	702,620	$	644,447	$	632,244
Rent-A-Center	1,292,546		1,297,705		1,372,863
Mexico	56,432		52,869		45,812
Franchising	28,753		27,237		28,613
Total gross profit	$	2,080,351	$	2,022,258	$	2,079,532


	Year Ended December 31,
(in thousands)	2024		2023		2022
Operating profit
Acima(1)	$	255,549	$	235,480	$	151,301
Rent-A-Center(2)	280,423		273,518		334,525
Mexico	4,806		4,846		6,267
Franchising	16,737		17,087		19,124
Total segments	557,515		530,931		511,217
Corporate(3)	(265,884)		(368,066)		(362,679)
Total operating profit(4)	$	291,631	$	162,865	$	148,538

(4) The accounting policies of our segments are the same as those described for the Company in Note A.


	Year Ended December 31,
(in thousands)	2024		2023		2022
Depreciation and amortization
Acima(1)	$	1,376	$	1,661	$	1,928
Rent-A-Center	20,367		18,816		20,526
Mexico	1,566		1,206		711
Franchising	141		146		146
Total segments	23,450		21,829		23,311
Corporate(2)	27,436		29,492		29,768
Total depreciation and amortization	$	50,886	$	51,321	$	53,079


	Year Ended December 31,
(in thousands)	2024		2023		2022
Capital expenditures
Acima	$	1,560	$	512	$	244
Rent-A-Center	24,209		22,923		36,682
Mexico	2,199		2,153		1,590
Franchising	—		1		332
Total segments	27,968		25,589		38,848
Corporate	28,307		27,813		22,539
Total capital expenditures	$	56,275	$	53,402	$	61,387


	December 31,
(in thousands)	2024		2023
On rent rental merchandise, net
Acima	$	693,095	$	606,912
Rent-A-Center	420,382		478,774
Mexico	21,383		24,210
Total on rent rental merchandise, net	$	1,134,860	$	1,109,896


	December 31,
(in thousands)	2024		2023
Held for rent rental merchandise, net
Acima	$	261	$	498
Rent-A-Center	104,302		112,129
Mexico	9,359		11,540
Total held for rent rental merchandise, net	$	113,922	$	124,167


	December 31,
(in thousands)	2024		2023
Assets by segment
Acima	$	1,301,657	$	1,221,845
Rent-A-Center	948,661		1,061,107
Mexico	47,608		57,347
Franchising	29,126		18,023
Total segments	2,327,052		2,358,322
Corporate	322,610		363,108
Total assets	$	2,649,662	$	2,721,430


	December 31,
(in thousands)	2024		2023
Assets by country
United States	$	2,602,054	$	2,664,083
Mexico	47,608		57,347

Total assets	$	2,649,662	$	2,721,430


	Year Ended December 31,
(in thousands)	2024		2023		2022
Rentals and fees by inventory category
Furniture and accessories	$	1,337,917	$	1,179,919	$	1,323,437
Consumer electronics	426,078		486,571		482,959
Appliances	411,720		404,241		439,309
Wheels and tires	447,008		341,174		308,618
Jewelry	302,035		228,081		194,123
Personal Electronics	177,714		181,217		182,380

Other products and services	411,186		440,475		444,627
Total rentals and fees	$	3,513,658	$	3,261,678	$	3,375,453


	Year Ended December 31,
(in thousands)	2024		2023		2022
Revenue by country
United States	$	4,241,838	$	3,917,788	$	4,180,512
Mexico	78,726		74,625		64,880

Total revenues	$	4,320,564	$	3,992,413	$	4,245,392

Senior Debt - Narrative (Details) - USD ($)				1 Months Ended	12 Months Ended
Senior Debt - Narrative (Details) - USD ($)	Jun. 07, 2024	May 28, 2024	Feb. 17, 2021	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Original issue discount			$ 4,400,000
Debt issuance costs			30,200,000
Unamortized debt issuance expense					$ 9,607,000	$ 14,376,000
Payments of Debt Issuance Costs					5,186,000	0	$ 0
Debt refinancing charges					6,604,000	0	0
Writeoff of debt financing fees					4,817,000	0	0
Total senior debt					877,333,000
Letters of credit, amount outstanding					46,700,000	50,400,000
Repayments of secured debt					323,750,000	138,604,000	298,750,000
Interest					$ 108,509,000	106,161,000	$ 71,195,000
Line of credit commitment fee percentage					0.375%
Line of credit commitment fee					$ 2,800,000
Maximum
Debt Instrument [Line Items]
Line of credit commitment fee percentage					0.375%
Minimum
Debt Instrument [Line Items]
Line of credit commitment fee percentage					0.25%
Debt Issuance Costs
Debt Instrument [Line Items]
Unamortized debt issuance expense			$ 25,300,000		$ 8,800,000
Term Loan Facility
Debt Instrument [Line Items]
Payments of Debt Issuance Costs		$ 2,000,000
Debt refinancing charges		1,800,000
Writeoff of debt financing fees		4,400,000
Revolving Credit Facility
Debt Instrument [Line Items]
Payments of Debt Issuance Costs	$ 3,200,000
Writeoff of debt financing fees	$ 400,000
Original Issue Discount
Debt Instrument [Line Items]
Unamortized debt issuance expense					800,000
Term Loan Facility
Debt Instrument [Line Items]
Debt issuance costs		$ 200,000
Term Loan Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Decrease to basis spread on variable rate		0.50%
Term Loan Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Debt Instrument [Line Items]
Basis margin on variable rate		3.25%
Term Loan Facility \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Basis margin on variable rate		2.75%
Term Loan Facility \| Secured Debt
Debt Instrument [Line Items]
Debt instrument, term			7 years
Amount available			$ 500,000,000
Repayments of secured debt				$ 42,600,000
Interest				$ 600,000
Term loan
Debt Instrument [Line Items]
Long-term debt, gross			$ 875,000,000
Total senior debt					$ 802,333,000	811,083,000
Frequency of periodic payment					quarterly
Periodic payment, percent					1.00%
Actual margin on variable rate					7.34%
Term loan \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis margin on variable rate					2.75%
Term loan \| Secured Overnight Financing Rate (SOFR) Floor
Debt Instrument [Line Items]
Basis margin on variable rate					0.50%
ABL Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term			5 years
Additional borrowing capacity available			$ 125,000,000
ABL Credit Facility \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			150,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Current borrowing capacity			$ 550,000,000
Total senior debt					$ 75,000,000	$ 70,000,000
ABL credit facility availability					$ 428,300,000
Actual margin on variable rate					6.48%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis margin on variable rate					2.00%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Debt Instrument [Line Items]
Basis margin on variable rate					2.00%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Minimum
Debt Instrument [Line Items]
Basis margin on variable rate					1.50%

Acquisitions - Narrative (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Jan. 31, 2025 USD ($) $ / shares shares	Sep. 09, 2024 USD ($) store	Dec. 31, 2024 USD ($)
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Rent-A-Center Divestiture
Acquisitions and Divestitures [Line Items]
Number of store sold \| store		55
Proceeds from divestiture of businesses, net of cash divested		$ 19,100
Disposal group, including discontinued operation, franchise fees		600
Disposal group, including discontinued operation, inventory		13,000
Disposal group, including discontinued operation, property assets		2,000
Disposal group, including discontinued operation, prorated rent and other miscellaneous expenses		$ 400
Gain (loss) on disposition of business			$ 3,100
Brigit Acquisition \| Subsequent Event
Acquisitions and Divestitures [Line Items]
Equity interest issued (in shares) \| shares	2,700,000
Common stock price (in dollars per share) \| $ / shares	$ 29.34
Aggregate cash consideration	$ 278,700
Business Combination, Deferred Consideration	75,000
Business Combination, Contingent Consideration Arrangements, Earn Out	60,000
Business Combination, Deferred Consideration, Installment Amount	$ 37,500

Revenues

12 Months Ended

Dec. 31, 2024

Revenues [Abstract]

Revenues

The following tables disaggregate our revenue:


	Year Ended December 31, 2024
(in thousands)	Acima		Rent-A-Center		Mexico		Franchising		Consolidated
Rentals and fees	$	1,760,086	$	1,679,385	$	74,187	$	—	$	3,513,658
Merchandise sales	499,407		121,899		3,429		—		624,735
Installment sales	—		60,884		—		—		60,884
Franchise merchandise sales	—		—		—		88,125		88,125
Royalty income and fees	—		—		—		24,738		24,738
Other	1,953		1,257		1,110		4,104		8,424
Total revenues	$	2,261,446	$	1,863,425	$	78,726	$	116,967	$	4,320,564


	Year Ended December 31, 2023
(in thousands)	Acima		Rent-A-Center		Mexico		Franchising		Consolidated
Rentals and fees	$	1,515,189	$	1,676,238	$	70,251	$	—	$	3,261,678
Merchandise sales	415,306		122,915		3,545		—		541,766
Installment sales	—		63,630		—		—		63,630
Franchise merchandise sales	—		—		—		95,054		95,054
Royalty income and fees	—		—		—		24,416		24,416
Other	830		1,340		829		2,870		5,869
Total revenues	$	1,931,325	$	1,864,123	$	74,625	$	122,340	$	3,992,413


	Year Ended December 31, 2022
(in thousands)	Acima		Rent-A-Center		Mexico		Franchising		Consolidated
Rentals and fees	$	1,589,708	$	1,724,541	$	61,204	$	—	$	3,375,453
Merchandise sales	520,077		151,745		3,466		—		675,288
Installment sales	—		72,328		—		—		72,328
Franchise merchandise sales	—		—		—		91,350		91,350
Royalty income and fees	—		—		—		25,998		25,998
Other	535		1,250		210		2,980		4,975
Total revenues	$	2,110,320	$	1,949,864	$	64,880	$	120,328	$	4,245,392

Lease Purchase Agreements

Rentals and Fees. Rental merchandise is leased to customers pursuant to lease-to-own agreements, which provide for weekly, bi-weekly, semi-monthly or monthly terms with non-refundable lease payments. At the expiration of each lease term, customers may renew the lease-to-own agreement for the next lease term. The customer has the right to acquire title of the merchandise either through an early purchase option or through payment of all optional lease renewal terms. Customers can terminate the lease-to-own agreement and return the product at the end of any lease term without penalty. Therefore, lease-to-own agreements are accounted for as operating leases.

Lease payments received at our Rent-A-Center stores, certain Acima locations formerly operating under the Acceptance Now brand, and Mexico stores must be prepaid in advance of the next lease renewal term. Under the Acima Holdings business model, in certain cases revenues may be earned prior to the lease payment due date, in which case revenue is accrued prior to receipt of the lease payment, net of estimated returns and uncollectible renewal payments. Under both models, rental revenue is recognized over the lease term. See Note D for additional information regarding accrued lease revenue.

Cash received for rental payments, including fees, prior to the period in which it should be recognized, is deferred and recognized according to the lease term. At December 31, 2024 and 2023, we had $61.6 million and $68.6 million, respectively, in deferred revenue included in accrued liabilities related to our lease-to-own agreements. Revenues related to various payments, reinstatement or late fees are recognized when paid by the customer at the point service is provided. Rental

merchandise in our Rent-A-Center stores, certain Acima locations formerly operating under the Acceptance Now brand, and Mexico stores is depreciated using the income forecasting method and recognized in cost of rentals and fees in our Consolidated Statements of Operations over the lease term. Lease merchandise under Acima Holdings is depreciated over the lease term using a straight-line depreciation method. Under the income forecasting method, the consumption of lease merchandise occurs during periods of rental and depreciation directly coincides with the receipt of rental revenue over the lease-to-own contract period. Depreciation under the straight-line method is recognized each period over the term of the lease-to-own contract irrespective of receipt of revenue payments from the customer.

We also offer additional optional product plans along with our lease-to-own agreements which provide customers with liability protection against significant damage or loss of a product, and club membership benefits, including various discount programs and product service and replacement benefits in the event merchandise is damaged or lost, and payment waivers in the event eligible customers become unemployed. Customers renew product plans in conjunction with their lease term renewals, and can cancel the plans at any time. Revenue for product plans is recognized over the term of the plan. Costs incurred related to product plans are primarily recognized in cost of revenues.

Revenue from contracts with customers

Merchandise Sales. Merchandise sales include payments received for the exercise of the early purchase options offered through our lease-to-own agreements or merchandise sold through point-of-sale transactions. Revenue for merchandise sales is recognized when payment is received and ownership of the merchandise passes to the customer. The remaining net value of merchandise sold is recorded to cost of merchandise sold at the time of the transaction.

Installment Sales. Revenue from the sale of merchandise in our retail installment stores is recognized when the installment note is signed and control of the merchandise has passed to the customer. The cost of merchandise sold through installment agreements is recognized in cost of installment sales at the time of the transaction. We offer optional extended service plans with our installment agreements which are administered by third-parties and provide customers with product maintenance beyond the term of the installment agreement. Payments received for extended service plans are deferred and recognized, net of related costs, when the installment payment plan is complete and the service plan goes into effect. Customers can cancel extended service plans at any time during the installment agreement period and receive a refund for payments previously made towards the plan. At December 31, 2024 and 2023, we had $0.6 million and $1.1 million, respectively, in deferred revenue included in accrued liabilities related to extended service plans.

Franchise Merchandise Sales. Revenue from the sale of rental merchandise is recognized upon shipment of the merchandise to the franchisee.

Royalty Income and Fees. Franchise royalties, including franchisee contributions to corporate advertising funds, represent sales-based royalties calculated as a percentage of gross rental payments and sales. Royalty revenue is accrued and recognized as rental payments and merchandise sales occur. Franchise fees are initial fees charged to franchisees for new or converted franchise stores. Franchise fee revenue is recognized on a straight-line basis over the term of the franchise agreement. At December 31, 2024 and 2023, we had $2.7 million and $3.0 million, respectively, in deferred revenue included in accrued liabilities related to franchise fees.

Other. Other revenue consists of revenue generated by other miscellaneous product plans offered to our rental and installment customers. Revenue for other product plans is recognized in accordance with the terms of the applicable plan agreement.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Paragraph 12
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Leases - Lease Obligation by year (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2025	$ 101,418
2026	80,801
2027	59,026
2028	36,264
2029	22,181
Thereafter	20,484
Total undiscounted operating lease liabilities	320,174
Less: Interest	(47,191)
Operating lease liabilities	$ 272,983	$ 293,435

Stock-Based Compensation

12 Months Ended

Dec. 31, 2024

Stock-Based Compensation [Abstract]

Stock-Based Compensation

We maintain long-term incentive plans for the benefit of certain employees and directors. Our current and former plans consist of the 2021 Long-Term Incentive Plan (the “2021 Plan”), the 2016 Long-Term Incentive Plan (the “2016 Plan”), the 2006 Long-Term Incentive Plan (the “2006 Plan”), and the 2006 Equity Incentive Plan (the “Equity Incentive Plan”), which are collectively referred to as the “Plans.” All Plans prior to the 2021 Plan were previously expired upon approval of the superseding Plan, and any shares available for grant under the respective plans were canceled at the time of expiration.

On June 8, 2021, at the 2021 Annual Meeting of Stockholders, the stockholders approved the 2021 Plan. The 2021 Plan authorizes the issuance of a total of 5,000,000 shares of common stock. Any shares of common stock granted in connection with 2021 Plan awards will be counted against this limit as one share. No shares of common stock will be deemed to have been issued if (1) such shares covered by the unexercised portion of an option that terminates, expires, or is cancelled or settled in cash or (2) such shares are forfeited or subject to awards that are forfeited, canceled, terminated or settled in cash. In any calendar year, (1) no employee will be granted options and/or stock appreciation rights for more than 800,000 shares of common stock; (2) no employee will be granted performance-based equity awards under the 2021 Plan (other than options and stock appreciation rights), covering more than 800,000 shares of common stock. On June 6, 2023, at the 2023 Annual Meeting of Stockholders, our stockholders approved an amendment to the 2021 plan (the “Amended 2021 Plan”). The Amended 2021 Plan authorized the issuance of an additional 4,287,000 shares of common stock for a total of 9,287,000 shares of common stock. Excluding the increase in shares of common stock issuable pursuant to the Amended 2021 Plan, the terms of the Amended 2021 Plan are substantially identical to those of the 2021 Plan. As of December 31, 2024 and 2023, there were 2,072,822 and 1,669,807 shares allocated to equity awards outstanding in the Amended 2021 Plan, respectively.

Under the previously expired 2016 Plan, there were 539,203 and 784,678 shares, respectively, allocated to equity awards outstanding as of December 31, 2024 and 2023, respectively, in the 2016 Plan. The 2016 Plan expired on June 8, 2021 upon approval of the 2021 Plan.

Under the previously expired 2006 Plan and Equity Incentive Plan (formerly known as the Rent-Way, Inc. 2006 Equity Incentive Plan) there were 15,291 and 27,369 shares as of December 31, 2024 and 2023, respectively, allocated to outstanding equity awards under the 2006 Plan, and 8,500 and 18,750 shares as of December 31, 2024 and 2023, respectively, allocated to outstanding equity awards under the Equity Incentive Plan. The 2006 Plan and Equity Incentive Plan previously expired in 2016. Outstanding equity awards under these plans represent vested options that will expire at various times through 2026, unless exercised or canceled prior to the expiration date.

Options granted to our employees generally become exercisable over a period of 1 to 4 years from the date of grant and may be exercised up to a maximum of 10 years from the date of grant. Options granted to directors are immediately exercisable.

We grant time-vesting restricted stock units to certain employees that vest ratably over a three-year service period. We recognize expense for these awards using the straight-line method over the requisite service period based on the number of awards expected to vest. We also grant performance-based restricted stock units that vest between 0% and 200% depending on our stock performance against an index using a total shareholder return formula established at the date of grant for the subsequent three-year period. We record expense for these awards over the requisite service period, net of the expected forfeiture rate, because the employee must maintain employment to vest in the award.

Stock-based compensation expense for the years ended December 31, 2024, 2023 and 2022 is as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Stock options	$	340	$	900	$	1,327
Restricted share units(1)(2)	35,734		161,216		158,031
Total stock-based compensation expense	36,074		162,116		159,358
Tax benefit recognized in the Consolidated Statements of Operations	5,483		5,168		3,391
Stock-based compensation expense, net of tax	$	30,591	$	156,948	$	155,967

(1) Includes expense of $4.9 million, $137.5 million and $143.2 million for the years ended December 31, 2024, 2023 and 2022, respectively in stock compensation expense related to 8,096,595 common shares issued to the former owners of Acima, as part of the Aggregate Stock Consideration subject to restricted stock agreements, and recorded to Other gains and charges in our Consolidated Statements of Operations. Shares issued as part of the Aggregate Stock Consideration for the acquisition of Acima Holdings were not issued under the authorization of the 2021 Plan or any prior approved long-term incentive plan described above. See Note N for additional information.

(2) Includes expense of $5.1 million for the year ended December 31, 2024 in stock compensation expense related to accelerated stock compensation due to the letter agreement entered into with the Company's Chief Executive Officer and recorded to Other gains and charges in our Consolidated Statements of Operations. See Note N for additional information.

We issue new shares of stock to satisfy option exercises and the vesting of restricted stock units.

The fair value of unvested options that we expect to result in compensation expense was approximately $18.2 thousand with a weighted average number of years to vesting of 0.23 at December 31, 2024.

Information with respect to stock option activity related to the Plans for the year ended December 31, 2024 follows:


	Equity Awards Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value (in thousands)
Balance outstanding at January 1, 2024	655,643	$	22.36
Granted	—	—
Exercised	(73,152)	24.59
Forfeited	(3,996)	43.24
Expired	(15,501)	36.38
Balance outstanding at December 31, 2024	562,994	$	21.54	4.27	$	4,886

Exercisable at December 31, 2024	550,602	$	21.03	4.23	$	4,891

The intrinsic value of options exercised during the years ended December 31, 2024, 2023, and 2022 was $0.6 million, $1.5 million, and $1.4 million, respectively, resulting in tax benefits of $0.2 million, $0.5 million, and $0.5 million, respectively, which are reflected as an outflow from operating activities and an inflow from financing activities in the Consolidated Statements of Cash Flows.

The weighted average fair values of the options granted under the Plans were calculated using the Black-Scholes method. There were no options granted in 2024, 2023 or 2022.

Information with respect to non-vested restricted stock unit activity follows:


	Restricted Awards Outstanding	Weighted Average Grant Date Fair Value
Balance outstanding at January 1, 2024(1)	2,208,752	$	37.10
Granted	829,959	37.09
Vested(2)	(758,275)	48.28
Forfeited	(207,614)	57.99
Balance outstanding at December 31, 2024	2,072,822	$	30.91

(1) Includes 363,791 outstanding shares at January 1, 2024 related to RSA agreements issued as part of the Aggregate Stock Consideration for the acquisition of Acima Holdings, which were not issued under the authorization of the 2021 Plan or any previously approved long-term incentive plan described above. These RSA were fully vested during the year ended December 31, 2024.

(2) Includes 363,791 shares vested during 2024 as part of RSA agreements issued as part of the Aggregate Stock Consideration for the acquisition of Acima Holdings, as described above.

Restricted stock units are valued using the closing price reported by the Nasdaq Global Select Market on the trading day immediately preceding the day of the grant. Unrecognized compensation expense for unvested restricted stock units at December 31, 2024, was approximately $24.0 million expected to be recognized over a weighted average period of 1.48 years.

Senior Debt - Senior Debt Facilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total senior debt	$ 877,333,000
Unamortized debt issuance expense	(9,607,000)	$ (14,376,000)
Senior debt, net	867,726,000	866,707,000
Letters of credit, amount outstanding	$ 46,700,000	50,400,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maturity date	Jun. 07, 2029
Maximum borrowing capacity	$ 550,000,000	550,000,000
Total senior debt	75,000,000	70,000,000
Amount Available	$ 428,306,000	429,571,000
Term loan
Debt Instrument [Line Items]
Maturity date	Feb. 17, 2028
Maximum borrowing capacity	$ 875,000,000	875,000,000
Total senior debt	802,333,000	811,083,000
Amount Available	0	0
Term Loan and Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	1,425,000,000	1,425,000,000
Total senior debt	877,333,000	881,083,000
Amount Available	$ 428,306,000	$ 429,571,000

Goodwill and Other Intangible Assets - Changes in Recorded Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Beginning goodwill balance	$ 289,750	$ 289,750
Goodwill, Additions from acquisitions	439	0
Ending goodwill balance	$ 290,189	$ 289,750

- Definition

+ References

+ Details

Deferred Compensation Plan	12 Months Ended
Deferred Compensation Plan	Dec. 31, 2024
Deferred Compensation Plan [Abstract]
Deferred Compensation Plan	Deferred Compensation Plan The Deferred Compensation Plan is an unfunded, nonqualified deferred compensation plan for a select group of our key management personnel and highly compensated employees. The Deferred Compensation Plan first became available to eligible employees in July 2007, with deferral elections taking effect as of August 3, 2007. The Deferred Compensation Plan allows participants to defer up to 50% of their base compensation and up to 100% of any bonus compensation. Participants may invest the amounts deferred in measurement funds that are the same funds offered as the investment options in their 401(k) Retirement Savings Plan (the “401(k) Plan”). We may make discretionary contributions to the Deferred Compensation Plan, which are subject to a two-year vesting schedule based on the participant’s years of service with us. We are obligated to pay the deferred compensation amounts in the future in accordance with the terms of the Deferred Compensation Plan. Assets and associated liabilities of the Deferred Compensation Plan are included in prepaid and other assets and accrued liabilities in our Consolidated Balance Sheets. For the years ended December 31, 2024, 2023 and 2022, we made matching cash contributions of approximately $160 thousand, $70 thousand, and $120 thousand, respectively, which represents 50% of the employees’ contributions to the Deferred Compensation Plan up to an amount not to exceed 6% of each employee's respective compensation. No other discretionary contributions were made for the years ended December 31, 2024, 2023 and 2022. The deferred compensation plan assets and liabilities were approximately $10.7 million and $8.5 million as of December 31, 2024 and 2023, respectively.

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease, Cost

Total operating lease costs by expense type:


	Year Ended
(in thousands)	December 31, 2024		December 31, 2023		December 31, 2022
Operating lease cost included in non-labor operating expenses(1)	$	129,667	$	124,593	$	124,376
Operating lease cost included in general and administrative expenses	5,567		5,725		6,297
Operating lease cost included in other gains and charges	5,308		—		303
Variable lease expense	37,540		37,660		36,216
Sublease receipts	(6,637)		(3,913)		(7,128)
Total operating lease charges	$	171,445	$	164,065	$	160,064

(1) Includes short-term lease costs, which are not significant.

Supplemental cash flow information related to leases:


	Year Ended
(in thousands)	December 31, 2024		December 31, 2023		December 31, 2022
Cash paid for amounts included in measurement of operating lease liabilities	$	102,013	$	105,438	$	104,281
Cash paid for short-term operating leases not included in operating lease liabilities	25,105		19,306		18,639
Right-of-use assets obtained in exchange for new operating lease liabilities	63,874		68,707		99,952

Weighted-average discount rate and weighted-average remaining lease term:


	December 31, 2024		December 31, 2023		December 31, 2022
Weighted-average discount rate(1)	8.0	%	7.8	%	7.0	%
Weighted-average remaining lease term (in years)	4		4		4

(1) January 1, 2019 incremental borrowing rate was used for leases in existence at the time of adoption of ASU 2016-02.

Lessee, Operating Lease, Liability, to be Paid, Maturity

Reconciliation of undiscounted operating lease liabilities to the present value operating lease liabilities at December 31, 2024:


(in thousands)	Operating Leases
2025	$	101,418
2026	80,801
2027	59,026
2028	36,264
2029	22,181
Thereafter	20,484
Total undiscounted operating lease liabilities	320,174
Less: Interest	(47,191)
Total present value of operating lease liabilities	$	272,983

Property Assets (Tables)

12 Months Ended

Dec. 31, 2024

Property Assets [Abstract]

Property Assets


	December 31,
(in thousands)	2024		2023
Software	$	438,607	$	481,347
Building and leasehold improvements	205,162		214,498
Furniture and equipment	140,621		151,844
Transportation equipment	1,765		1,179
Construction in progress	16,704		35,370
Total property assets	802,859		884,238
Less accumulated depreciation	(548,708)		(611,120)
Total property assets, net of accumulated depreciation	$	254,151	$	273,118

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2024
Auditor Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young, LLP
Auditor Location	Dallas, TX

Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
Revenues (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Rentals and fees	$ 3,513,658	$ 3,261,678	$ 3,375,453
Merchandise sales	624,735	541,766	675,288
Installment sales	60,884	63,630	72,328
Franchise merchandise sales	88,125	95,054	91,350
Royalty income and fees	24,738	24,416	25,998
Other	8,424	5,869	4,975
Total revenues	4,320,564	3,992,413	4,245,392
Other deferred revenue	600	1,100
Franchise fee deferred revenue	2,700	3,000
Trade and notes receivables
Disaggregation of Revenue [Line Items]
Accrued Revenue	51,100	36,800
Acima \| Trade and notes receivables
Disaggregation of Revenue [Line Items]
Accrued Revenue	46,600	31,700
Acima \| Operating Segments
Disaggregation of Revenue [Line Items]
Rentals and fees	1,760,086	1,515,189	1,589,708
Merchandise sales	499,407	415,306	520,077
Installment sales	0	0	0
Franchise merchandise sales	0	0	0
Royalty income and fees	0	0	0
Other	1,953	830	535
Total revenues	2,261,446	1,931,325	2,110,320
Rent-A-Center \| Operating Segments
Disaggregation of Revenue [Line Items]
Rentals and fees	1,679,385	1,676,238	1,724,541
Merchandise sales	121,899	122,915	151,745
Installment sales	60,884	63,630	72,328
Franchise merchandise sales	0	0	0
Royalty income and fees	0	0	0
Other	1,257	1,340	1,250
Total revenues	1,863,425	1,864,123	1,949,864
Mexico \| Operating Segments
Disaggregation of Revenue [Line Items]
Rentals and fees	74,187	70,251	61,204
Merchandise sales	3,429	3,545	3,466
Installment sales	0	0	0
Franchise merchandise sales	0	0	0
Royalty income and fees	0	0	0
Other	1,110	829	210
Total revenues	78,726	74,625	64,880
Franchising \| Operating Segments
Disaggregation of Revenue [Line Items]
Rentals and fees	0	0	0
Merchandise sales	0	0	0
Installment sales	0	0	0
Franchise merchandise sales	88,125	95,054	91,350
Royalty income and fees	24,738	24,416	25,998
Other	4,104	2,870	2,980
Total revenues	$ 116,967	$ 122,340	$ 120,328

Segment Information - Segment information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 4,320,564	$ 3,992,413	$ 4,245,392
Gross profit	2,080,351	2,022,258	2,079,532
Operating profit	291,631	162,865	148,538
Depreciation and amortization	50,886	51,321	53,079
Stock-based compensation expense	36,074	162,116	159,358
Other gains and charges	104,580	216,909	235,283
Capital expenditures	56,275	53,402	61,387
On rent	1,134,860	1,109,896
Held for rent	113,922	124,167
Assets	2,649,662	2,721,430
Rentals and fees	3,513,658	3,261,678	3,375,453
Operating labor	609,169	613,538	634,341
Non-labor operating expenses	811,635	775,919	821,821
Accelerated stock compensation
Segment Reporting Information [Line Items]
Other gains and charges	5,073	0
Furniture and accessories
Segment Reporting Information [Line Items]
Rentals and fees	1,337,917	1,179,919	1,323,437
Consumer electronics
Segment Reporting Information [Line Items]
Rentals and fees	426,078	486,571	482,959
Appliances
Segment Reporting Information [Line Items]
Rentals and fees	411,720	404,241	439,309
Wheels and tires
Segment Reporting Information [Line Items]
Rentals and fees	447,008	341,174	308,618
Jewelry
Segment Reporting Information [Line Items]
Rentals and fees	302,035	228,081	194,123
Personal Electronics
Segment Reporting Information [Line Items]
Rentals and fees	177,714	181,217	182,380
Other products and services
Segment Reporting Information [Line Items]
Rentals and fees	411,186	440,475	444,627
United States
Segment Reporting Information [Line Items]
Total revenues	4,241,838	3,917,788	4,180,512
Assets	2,602,054	2,664,083
Mexico
Segment Reporting Information [Line Items]
Total revenues	78,726	74,625	64,880
Assets	47,608	57,347
Acima Holdings \| Acima equity consideration vesting
Segment Reporting Information [Line Items]
Other gains and charges	4,893	137,507	143,200
Acima
Segment Reporting Information [Line Items]
Operating labor	103,000	102,900	113,900
Non-labor operating expenses	295,600	246,300	295,700
Lease Charge Off	211,800	179,600	224,700
Rent-A-Center
Segment Reporting Information [Line Items]
Operating labor	487,800	493,400	506,100
Non-labor operating expenses	486,600	500,100	501,700
Lease Charge Off	84,800	79,900	91,700
Operating Segments
Segment Reporting Information [Line Items]
Operating profit	557,515	530,931	511,217
Depreciation and amortization	23,450	21,829	23,311
Capital expenditures	27,968	25,589	38,848
Assets	2,327,052	2,358,322
Operating Segments \| Acima
Segment Reporting Information [Line Items]
Total revenues	2,261,446	1,931,325	2,110,320
Gross profit	702,620	644,447	632,244
Operating profit	255,549	235,480	151,301
Depreciation and amortization	1,376	1,661	1,928
Capital expenditures	1,560	512	244
On rent	693,095	606,912
Held for rent	261	498
Assets	1,301,657	1,221,845
Rentals and fees	1,760,086	1,515,189	1,589,708
Operating Segments \| Rent-A-Center
Segment Reporting Information [Line Items]
Total revenues	1,863,425	1,864,123	1,949,864
Gross profit	1,292,546	1,297,705	1,372,863
Operating profit	280,423	273,518	334,525
Depreciation and amortization	20,367	18,816	20,526
Capital expenditures	24,209	22,923	36,682
On rent	420,382	478,774
Held for rent	104,302	112,129
Assets	948,661	1,061,107
Rentals and fees	1,679,385	1,676,238	1,724,541
Operating Segments \| Mexico
Segment Reporting Information [Line Items]
Total revenues	78,726	74,625	64,880
Gross profit	56,432	52,869	45,812
Operating profit	4,806	4,846	6,267
Depreciation and amortization	1,566	1,206	711
Capital expenditures	2,199	2,153	1,590
On rent	21,383	24,210
Held for rent	9,359	11,540
Assets	47,608	57,347
Rentals and fees	74,187	70,251	61,204
Operating Segments \| Franchising
Segment Reporting Information [Line Items]
Total revenues	116,967	122,340	120,328
Gross profit	28,753	27,237	28,613
Operating profit	16,737	17,087	19,124
Depreciation and amortization	141	146	146
Capital expenditures	0	1	332
Assets	29,126	18,023
Rentals and fees	0	0	0
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Operating profit	(265,884)	(368,066)	(362,679)
Depreciation and amortization	27,436	29,492	29,768
Capital expenditures	28,307	27,813	$ 22,539
Assets	$ 322,610	$ 363,108

Income Taxes - Effective Income Tax Rate (Details)	12 Months Ended
Income Taxes - Effective Income Tax Rate (Details)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax at statutory rate	21.00%	21.00%	21.00%
Non-deductible compensation	3.20%	57.10%	53.40%
State income taxes	5.70%	16.50%	13.40%
Effect of foreign operations	1.60%	19.50%	6.60%
Effect of current year credits	(2.50%)	(9.90%)	(13.20%)
Change in unrecognized tax benefits	(0.10%)	(6.90%)	0.10%
Other permanent differences	0.90%	1.70%	0.90%
Prior year return to provision adjustments	0.20%	0.30%	1.70%
Valuation allowance	(0.30%)	11.40%	(3.00%)
Other, net	0.80%	(0.90%)	(1.00%)
Effective income tax rate	30.50%	109.80%	79.90%

401(k) Plan	12 Months Ended
401(k) Plan	Dec. 31, 2024
401(k) Plan [Abstract]
401(k) Plan	401(k) Plan We sponsor a defined contribution plan under Section 401(k) of the Internal Revenue Code for certain employees who have completed at least three months of service. Employees may elect to contribute up to 50% of their eligible compensation on a pre-tax basis, subject to limitations. We may make discretionary contributions to the 401(k) Plan. Employer matching contributions are subject to a two-year vesting schedule based on the participant's years of service with us. For the years ended December 31, 2024, 2023 and 2022, we made matching cash contributions of $5.7 million, $5.3 million, and $6.0 million, respectively, which represents 50% of the employees’ contributions to the 401(k) Plan up to an amount not to exceed 6% of each employee's respective compensation. Employees are permitted to elect to purchase our common stock as part of their 401(k) Plan, up to specified limitations and in accordance with applicable law. As of December 31, 2024 and 2023, 3.5% and 4.6%, respectively, of the total plan assets consisted of our common stock.

Rental Merchandise

12 Months Ended

Dec. 31, 2024

Rental Merchandise [Abstract]

Rental Merchandise


	December 31,
(in thousands)	2024		2023
On rent
Cost	$	1,842,222	$	1,762,458
Less accumulated depreciation	(707,362)		(652,562)
Net book value, on rent	$	1,134,860	$	1,109,896
Held for rent
Cost	$	134,875	$	146,024
Less accumulated depreciation	(20,953)		(21,857)
Net book value, held for rent	$	113,922	$	124,167

Stock Repurchase Plan (Details) - USD ($) $ in Thousands	12 Months Ended
Stock Repurchase Plan (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Repurchase Program
Purchase of treasury stock		$ 50,392	$ 75,052
Excise tax payable	$ 400
Share Repurchase 500 million
Repurchase Program
Authorized common stock repurchase amount				$ 500,000
Common stock repurchased, shares	0	1,706,277	3,536,799
Purchase of treasury stock		$ 50,000	$ 75,100
Remaining authorized repurchase amount	$ 235,000

Other Gains and Charges (Details) $ in Thousands		12 Months Ended
Other Gains and Charges (Details) $ in Thousands	Feb. 17, 2021 USD ($) shares	Dec. 31, 2024 USD ($) store	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Unusual or infrequent item, or both [Line Items]
Other gains and charges		$ 104,580	$ 216,909	$ 235,283
Number of Stores \| store		55
Legal matters
Unusual or infrequent item, or both [Line Items]
Other gains and charges		$ 15,764	318
Accelerated software depreciation
Unusual or infrequent item, or both [Line Items]
Other gains and charges		6,145	9,218
Asset impairments
Unusual or infrequent item, or both [Line Items]
Other gains and charges		5,944	0
Accelerated stock compensation
Unusual or infrequent item, or both [Line Items]
Other gains and charges		5,073	0
Brigit Acquisition
Unusual or infrequent item, or both [Line Items]
Other gains and charges		3,700
Estimated Legal Accruals
Unusual or infrequent item, or both [Line Items]
Other gains and charges		10,700
Litigation and Defense Expenses
Unusual or infrequent item, or both [Line Items]
Other gains and charges		5,100
Lease Impairment Charges [Member]
Unusual or infrequent item, or both [Line Items]
Other gains and charges		5,300
Disposal of fixed assets
Unusual or infrequent item, or both [Line Items]
Other gains and charges		600
Other charges [Member]
Unusual or infrequent item, or both [Line Items]
Other gains and charges		1,400
Other
Unusual or infrequent item, or both [Line Items]
Other gains and charges		1,758	(3,069)
Acima Holdings
Unusual or infrequent item, or both [Line Items]
Other intangible assets	$ 520,000
Acima Holdings \| Acima acquired assets amortization [Member]
Unusual or infrequent item, or both [Line Items]
Other gains and charges		45,500	57,000	64,900
Acima Holdings \| Acima acquired assets depreciation [Member]
Unusual or infrequent item, or both [Line Items]
Other gains and charges		15,900	15,900
Acima Holdings \| Acima acquired assets depreciation and amortization
Unusual or infrequent item, or both [Line Items]
Other gains and charges		61,347	72,935
Acima Holdings \| Acima equity consideration vesting
Unusual or infrequent item, or both [Line Items]
Other gains and charges		4,893	137,507	143,200
Acima Holdings \| Depreciation
Unusual or infrequent item, or both [Line Items]
Other gains and charges		15,900	15,900	$ 15,900
Acima Holdings \| Software
Unusual or infrequent item, or both [Line Items]
Property assets	$ 170,000
Acima Holdings \| Restricted Stock Units (RSUs)
Unusual or infrequent item, or both [Line Items]
Equity interest issued (in shares) \| shares	8,096,595
Aggregate stock consideration, subject to lockup agreements	$ 414,100
Vesting period of options granted	36 months
Brigit Acquisition \| Brigit transaction fees
Unusual or infrequent item, or both [Line Items]
Other gains and charges		$ 3,656	$ 0

Nature of Operations and Summary of Accounting Policies	12 Months Ended
Nature of Operations and Summary of Accounting Policies	Dec. 31, 2024
Nature of Operations and Summary of Accounting Policies [Abstract]
Nature of Operations and Summary of Accounting Policies	Nature of Operations and Summary of Accounting Policies A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows: Principles of Consolidation and Nature of Operations The financial statements included herein include the accounts of Upbound Group, Inc., and its direct and indirect subsidiaries. All intercompany accounts and transactions have been eliminated. Unless the context indicates otherwise, references to “Upbound Group, Inc.” refer only to Upbound Group, Inc., the parent, and references to the “Company,” “we,” “us” and “our” refer to the consolidated business operations of Upbound Group, Inc. and any or all of its direct and indirect subsidiaries. We report four operating segments: Acima, Rent-A-Center, Mexico and Franchising. Our Acima segment, which primarily operates in the United States and Puerto Rico, includes the operations of Acima Holdings and certain locations previously operating under our Acceptance Now brand, generally offers consumers who do not qualify for traditional financing the lease-to-own transaction through staffed or unstaffed kiosks located within third-party retailer locations, or other virtual options. In virtual locations, customers, either directly or with the assistance of a representative of the third-party retailer, initiate the lease-to-own transaction online in the retailers’ locations using our virtual solutions. Our Rent-A-Center segment consists of company-owned lease-to-own stores in the United States and Puerto Rico that lease household durable goods to customers through lease purchase agreements. We also offer merchandise on an installment sales basis in certain of our stores under the names “Get It Now” and “Home Choice” in Minnesota and Wisconsin. Our Rent-A-Center segment operates through our company-owned stores and e-commerce platforms through rentacenter.com, getitnowstores.com and homechoicestores.com. At December 31, 2024, we operated 1,728 company-owned stores nationwide and in Puerto Rico, including 51 retail installment sales stores. Our Mexico segment consists of our company-owned lease-to-own stores in Mexico that lease household durable goods to customers on a lease-to-own basis. At December 31, 2024, we operated 132 stores in Mexico. Rent-A-Center Franchising International, Inc., an indirect wholly-owned subsidiary of Upbound Group, Inc., is a franchisor of lease-to-own stores. At December 31, 2024, Franchising had 448 franchised stores operating in 29 states. Our Franchising segment’s primary source of revenue is the sale of rental merchandise to our franchisees, who in turn offer the merchandise to the general public for rent or purchase under a lease-to-own transaction. The balance of our Franchising segment’s revenue is generated primarily from royalties based on franchisees’ monthly gross revenues. Rental Merchandise Rental merchandise is carried at cost, net of accumulated depreciation. Depreciation for merchandise in Rent-A-Center, certain Acima locations previously operating under our Acceptance Now brand, and Mexico stores is depreciated using the income forecasting method, which is intended to match as closely as practicable the recognition of depreciation expense with the consumption of the rental merchandise, and assumes no salvage value. The consumption of rental merchandise occurs during periods of rental and directly coincides with the receipt of rental revenue over the rental purchase agreement period. Under the income forecasting method, merchandise held for rent is not depreciated and merchandise on rent is depreciated in the proportion of rents received to total rents provided in the lease contract, which is an activity-based method similar to the units of production method. Lease merchandise under Acima Holdings is depreciated over the lease term using a straight-line depreciation method. Depreciation under the straight-line method is recognized each period over the term of the lease-to-own contract irrespective of receipt of revenue payments from the customer. In addition, we depreciate merchandise that is held for rent for at least 180 consecutive days using the straight-line method over a period generally not to exceed 18 months. Smartphones are depreciated over an 18-month straight-line basis beginning with the earlier of on rent or 90 consecutive days held for rent. Rental merchandise that is damaged and inoperable is expensed when such impairment occurs. If a customer does not return the merchandise or make payment, the remaining book value of the rental merchandise associated with delinquent accounts is generally charged off on or before the 90th day following the time the account became past due in the Rent-A-Center and Mexico segments, on or before the 120th day in our Acima segment and during the month following the 150th day in certain Acima locations formerly operating under the Acceptance Now brand. Minor repairs made to rental merchandise are expensed at the time of the repair. In addition, we maintain a reserve for these expected losses, which estimates the merchandise losses incurred but not yet identified by management as of the end of the accounting period based on a combination of historical write-offs and expected future losses. As of December 31, 2024 and 2023, the reserve for merchandise losses was $83.6 million and $84.7 million, respectively. Expenses related to merchandise losses, damaged merchandise, or merchandise repairs are recorded to non-labor operating expenses in our Consolidated Statements of Operations and were $347.1 million, $313.8 million, and $375.2 million for the years ended December 31, 2024, 2023, and 2022, respectively. Cash Equivalents Cash equivalents include all highly liquid investments with an original maturity of three months or less, in addition to in-transit customer payments. We maintain cash and cash equivalents at several financial institutions, which at times may not be federally insured or may exceed federally insured limits. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risks on such accounts. Revenues Rental merchandise is leased to customers pursuant to lease-to-own agreements which provide for weekly, bi-weekly, semi-monthly or monthly terms with non-refundable lease payments. The customer has the right to acquire title of the merchandise either through an early purchase option or through payment of all required lease renewals. Rental revenue and fees are recognized over the lease term and merchandise sales revenue is recognized when the customer exercises the purchase option and pays the cash price due. Cash received prior to the period in which it should be recognized is deferred and recognized according to the lease term. Revenue is accrued for uncollected amounts due based on historical collection experience. However, the total potential amount of the lease-to-own agreement is not accrued because the customer can elect not to renew the lease-to-own agreement at any time and, in that case would not owe future lease payments. Revenues from the sale of merchandise in our retail installment stores are recognized when the installment note is signed, the customer has taken possession of the merchandise and collectability is reasonably assured. Franchise revenues from the sale of rental merchandise are recognized upon shipment of the merchandise to the franchisee. Franchise royalty income and fee revenue is recognized upon completion of substantially all services and satisfaction of all material conditions required under the terms of the franchise agreement. Initial franchise fees charged to franchisees for new or converted franchise stores are recognized on a straight-line basis over the term of the franchise agreement. Receivables and Allowance for Doubtful Accounts The installment sales receivable associated with the sale of merchandise at our Get It Now and Home Choice stores generally consists of the sales price of the merchandise purchased and any additional fees for services the customer has chosen, less the customer’s down payment. No interest is accrued and interest income is recognized each time a customer makes a payment, generally on a monthly basis. We have established an allowance for doubtful accounts for our installment notes receivable. Our policy for determining the allowance is primarily based on historical loss experience, as well as the results of management’s review and analysis of the payment and collection of the installment notes receivable within the previous year. We believe our allowance is adequate to absorb all expected losses. Our policy is to charge off installment notes receivable that are 120 days or more past due. Charge-offs are applied as a reduction to the allowance for doubtful accounts and any recoveries of previously charged off balances are recognized as contra-bad debt expense in our Consolidated Statements of Operations. Our trade and notes receivables consist of amounts due from our lease-to-own customers for lease renewal payments and past due uncollected lease payments, adjusted for the probability of collection based on our assessment of historical collection rates and length of time the receivable is past due; amounts owed from our franchisees for inventory purchases, earned royalties and other obligations; and other corporate related receivables. The majority of our Franchising trade and notes receivables relate to amounts due from franchisees for inventory purchases, earned royalties and other obligations. Credit is extended to franchisees based on an evaluation of each franchisee’s financial condition and collateral is generally not required. Trade receivables are generally due within 30 days and are reported as amounts due from franchisees, net of an allowance for doubtful accounts. Accounts that are outstanding longer than the contractual payment terms are considered past due. Franchising determines its allowance by considering a number of factors, including the length of time receivables are past due, previous loss history, the franchisee’s current ability to pay its obligation, and the condition of the general economy and the industry as a whole. Franchising writes off trade receivables that are 90 or more days past due and payments subsequently received on such receivables are recognized as contra-bad debt expense in our Consolidated Statements of Operations. Property Assets and Related Depreciation Furniture, equipment and vehicles are stated at cost less accumulated depreciation. Depreciation is provided over the estimated useful lives of the respective assets (generally 5 years) on the straight-line method. Leasehold improvements are amortized over the useful life of the asset or the initial term of the applicable leases on the straight-line method, whichever is shorter. We have incurred costs to develop computer software for internal use. We capitalize the costs incurred during the application development stage, which includes designing the software configuration and interfaces, coding, installation, and testing. Costs incurred during the preliminary stages along with post-implementation stages of internally developed software are expensed as incurred. Internally developed software costs, once placed in service, are amortized over various periods up to 10 years. We incur repair and maintenance expenses on our vehicles and equipment. These amounts are recognized when incurred, unless such repairs significantly extend the life of the asset, in which case we amortize the cost of the repairs for the remaining useful life of the asset utilizing the straight-line method. Goodwill and Other Intangible Assets We record goodwill when the consideration paid for an acquisition exceeds the fair value of the identifiable net tangible and identifiable intangible assets acquired. Goodwill is not subject to amortization but must be periodically evaluated for impairment for each reporting unit. Impairment occurs when the carrying value of goodwill is not recoverable from future cash flows. We perform an assessment of goodwill for impairment at the reporting unit level annually as of October 1 or when events or circumstances indicate that impairment may have occurred. Our reporting units are our reportable operating segments. Factors which could necessitate an interim impairment assessment include a sustained decline in our stock price, prolonged negative industry or economic trends and significant underperformance relative to historical or projected future operating results. Based on our assessment, if the fair value of the reporting unit exceeds its carrying value, then the goodwill is not deemed impaired. If the carrying value of the reporting unit exceeds fair value, goodwill is deemed impaired and the impairment is measured as the difference between the carrying value and the fair value of the respective reporting unit. We determine the fair value of each reporting unit using methodologies which include the present value of estimated future cash flows. The analysis is based upon available information regarding expected future cash flows and discount rates. Discount rates are generally based upon our weighted average cost of capital. As an alternative to performing a quantitative assessment to measure the fair value of the reporting unit, the Company may perform a qualitative assessment for impairment if it believes it is not more likely than not that the carrying value of the net assets of the reporting unit exceeds its fair value. At December 31, 2024, the amount of goodwill attributable to the Rent-A-Center and Acima segments was approximately $1.9 million and $288.3 million, respectively. We currently do not have goodwill balances attributable to our Mexico or Franchising segments. Acquired intangible assets are recorded at their estimated fair value as of the date of acquisition and generally include customer relationships, merchant relationships, non-compete agreements and trade names. Customer relationships are generally amortized over a 21-month period, excluding relationships with existing lessees acquired from Acima Holdings which were being amortized over 12 months. Non-compete agreements are amortized over the contractual life of the agreements, merchant relationships are amortized over a 7 to 15 year period, and trade names and other intangible assets are amortized over the estimated life of the asset. Intangible assets are amortized using methods that we believe reflect the pattern in which the economic benefits of the related asset are consumed unless such pattern cannot be reliably determined, in which case we amortize using a straight-line method. Accounting for Impairment of Long-Lived Assets We evaluate all long-lived assets, including intangible assets, excluding goodwill, for impairment whenever events or changes in circumstances indicate that the carrying amounts of the related assets may not be recoverable by the undiscounted net cash flows they will generate. Impairment is recognized when the carrying amounts of such assets exceed their fair value. We determine the fair value of our long-lived assets using methodologies which include the present value of estimated future cash flows of the asset, or related fair market values for similar assets. Self-Insurance Liabilities We have self-insured retentions with respect to losses under our workers’ compensation, general liability, vehicle liability and health insurance programs. We establish reserves for our liabilities associated with these losses by obtaining forecasts for the ultimate expected losses and estimating amounts needed to pay losses within our self-insured retentions. We make assumptions on our liabilities within our self-insured retentions using actuarial loss forecasts, company-specific development factors, general industry loss development factors, and third-party claim administrator loss estimates which are based on known facts surrounding individual claims. These assumptions incorporate expected increases in health care costs. Periodically, we reevaluate our estimate of liability within our self-insured retentions. At that time, we evaluate the adequacy of our reserves by comparing amounts reserved on our balance sheet for anticipated losses to our updated actuarial loss forecasts and third-party claim administrator loss estimates, and make adjustments to our reserves as needed. Foreign Currency Translation The functional currency of our foreign operations is the applicable local currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the current rate of exchange on the last day of the reporting period. Revenues and expenses are generally translated at an average rate of exchange during the period. Other Comprehensive Income (Loss) Other comprehensive income (loss) is comprised exclusively of our foreign currency translation adjustment and the related tax impact of that adjustment. Income Taxes We record deferred taxes for temporary differences between the tax and financial reporting bases of assets and liabilities at the enacted tax rate expected to be in effect when those temporary differences are expected to be recovered or settled. Income tax accounting requires management to make estimates and apply judgments to events that will be recognized in one period under rules that apply to financial reporting in a different period in our tax returns. In particular, judgment is required when estimating the value of future tax deductions, tax credits and net operating loss carryforwards (NOLs), as represented by deferred tax assets. We evaluate the recoverability of these future tax deductions and credits by assessing the future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely heavily on estimates. We use our historical experience and our short- and long-range business forecasts to provide insight and assist us in determining recoverability. When it is determined the recovery of all or a portion of a deferred tax asset is not likely, a valuation allowance is established. We include NOLs in the calculation of deferred tax assets. NOLs are utilized to the extent allowable due to the provisions of the Internal Revenue Code of 1986, as amended, and relevant state statutes. We recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon the ultimate settlement with the relevant tax authority. A number of years may elapse before a particular matter, for which we have recorded a liability, is audited and effectively settled. We review our tax positions quarterly and adjust our liability for unrecognized tax benefits in the period in which we determine the issue is effectively settled with the tax authorities, the statute of limitations expires for the relevant taxing authority to examine the tax position, or when more information becomes available. We classify accrued interest and penalties related to unrecognized tax benefits as interest expense and general & administrative expense, respectively. Sales Taxes We record revenue net of related sales taxes imposed on our goods and services in our Consolidated Statements of Operations. We are required by the applicable governmental authorities to collect and remit sales taxes. Accordingly, such amounts are charged to the customer, collected and remitted directly to the appropriate jurisdictional entity. Earnings (Loss) Per Common Share Basic earnings (loss) per common share are based upon the weighted average number of common shares outstanding during each period presented. Diluted earnings (loss) per common share are based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options and vesting of stock awards at the beginning of the year, or for the period outstanding during the year for current year issuances. Advertising Costs Costs incurred for producing and communicating advertising are expensed when incurred. Advertising expense was $65.0 million, $63.1 million, and $53.6 million, for the years ended December 31, 2024, 2023, and 2022, respectively. Advertising expense is net of vendor allowances of $23.2 million, $21.7 million, and $20.0 million for the years ended December 31, 2024, 2023, and 2022, respectively. Stock-Based Compensation We maintain long-term incentive plans for the benefit of certain employees and directors, which are described more fully in Note O. We recognize share-based payment awards to our employees and directors at the estimated fair value on the grant date. Determining the fair value of certain share-based awards requires information about several variables that include, but are not limited to, expected stock volatility over the term of the award, expected dividend yields, and the risk free interest rate. We base the expected term on historical exercise and post-vesting employment-termination experience, and expected volatility on historical realized volatility trends. In addition, all stock-based compensation expense is recorded net of an estimated forfeiture rate. The forfeiture rate is based upon historical activity and is analyzed at least annually as actual forfeitures occur. Compensation costs are recognized net of estimated forfeitures over the requisite service period on a straight-line basis. We issue new shares to settle stock awards. Stock options are valued using a Black-Scholes pricing model. Time-vesting restricted stock units are valued using the closing price on the Nasdaq Global Select Market on the day before the grant date. Performance-based restricted stock units will vest in accordance with a total shareholder return formula, and are valued by a third-party valuation firm using Monte Carlo simulations. Reclassifications Certain reclassifications may be made to the reported amounts for prior periods to conform to the current period presentation. These reclassifications have no impact on net earnings or earnings per share in any period. There were no reclassifications of reported amounts for prior periods included in the financial statements of our Annual Report on Form 10-K for the year ended December 31, 2024. Use of Estimates In preparing financial statements in conformity with U.S. generally accepted accounting principles, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent losses and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In applying accounting principles, we must often make individual estimates and assumptions regarding expected outcomes or uncertainties. Our estimates, judgments and assumptions are continually evaluated based on available information and experience. However, uncertainties, including those related to recent macroeconomic trends or other factors, may affect certain estimates and assumptions inherent in the financial reporting process, which may impact reported amounts of assets and liabilities in future periods and cause actual results to differ from those estimates. Newly Adopted Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced disclosures of significant segment expenses on a quarterly and annual basis and is intended to improve the transparency of reportable segment disclosures. Adoption of ASU 2023-07 was required for us beginning January 1, 2024 for our Annual Report on Form 10-K for the year ended December 31, 2024 and interim periods beginning in 2025. We have include required disclosure updates in our Annual Report on Form 10-K for the year ended December 31, 2024, using a retrospective approach.

Senior Notes	12 Months Ended
Senior Notes	Dec. 31, 2024
Senior Notes [Abstract]
Senior Notes	Senior Notes On February 17, 2021, we issued $450 million in senior unsecured notes all of which are due February 15, 2029, at par value, bearing interest at 6.375% (the “Notes”), the proceeds of which were used to fund a portion of the consideration upon closing of the Acima Holdings acquisition. Interest on the Notes is payable in arrears on February 15 and August 15 of each year. In connection with the issuance of the Notes, we incurred approximately $15.7 million in debt issuance costs, including bank financing fees and third-party legal and other professional fees, which were capitalized in accordance with ASC Topic 470, “Debt” and recorded as a reduction of our outstanding Notes in our Consolidated Balance Sheets. Debt issuance costs are amortized as interest expense over the term of the Notes. As of December 31, 2024, the total remaining balance of unamortized debt issuance costs related to our Notes reported in the Consolidated Balance Sheets was approximately $8.1 million. We may redeem some or all of the Notes at any time for cash at the redemption prices set forth in the indenture governing the Notes, plus accrued and unpaid interest to, but not including, the redemption date. If we experience specific kinds of change in control, we will be required to offer to purchase the Notes at a price equal to 101% of the principal amount thereof plus accrued and unpaid interest. The Notes are our general unsecured senior obligations, and are effectively subordinated to all of our existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness, structurally subordinated to all existing and future indebtedness and other liabilities of our non-guarantor subsidiaries, equal in right of payment to all of our and our guarantor subsidiaries’ existing and future senior unsecured indebtedness and senior in right of payment to all of our future subordinated indebtedness, if any. The Notes are jointly and severally guaranteed on a senior unsecured basis by certain of our domestic subsidiaries that have outstanding indebtedness or guarantee other specified indebtedness, including the ABL Credit Facility and the Term Loan Facility. The indenture governing the Notes contains covenants that limit, among other things, our ability and the ability of some of our restricted subsidiaries to create liens, transfer or sell assets, incur indebtedness or issue certain preferred stock, pay dividends, redeem stock or make other distributions, make other restricted payments or investments, create restrictions on payment of dividends or other amounts to us by our restricted subsidiaries, merge or consolidate with other entities, engage in certain transactions with affiliates and designate our subsidiaries as unrestricted subsidiaries. These covenants are subject to a number of exceptions and qualifications. The covenants limiting restricted payments, restrictions on payment of dividends or other amounts to us by our restricted subsidiaries, the ability to incur indebtedness, asset dispositions and transactions with affiliates will be suspended if and while the Notes have investment grade ratings from any two of Standard & Poor’s Ratings Services, Moody’s Investors Service, Inc. and Fitch, Inc. The indenture governing the Notes also provides for events of default, which, if any of them occurs, would permit or require the principal, premium, if any, and interest on all the then outstanding Notes to be due and payable.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Leases (Details)	Dec. 31, 2024
Lessee, Lease, Description [Line Items]
Lease, term of contract	5 years
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	5 years

Earnings (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Common Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Summarized basic and diluted earnings (loss) per common share were calculated as follows:


	Year Ended December 31,
(in thousands, except per share data)	2024		2023		2022
Numerator:
Net earnings (loss)	$	123,478	$	(5,179)	$	12,357
Denominator:
Weighted-average shares outstanding	54,654		54,978		53,850
Effect of dilutive stock awards (1) (2)	1,279		—		5,116
Weighted-average dilutive shares	55,933		54,978		58,966

Basic earnings (loss) per common share	$	2.26	$	(0.09)	$	0.23
Diluted earnings (loss) per common share	$	2.21	$	(0.09)	$	0.21
Anti-dilutive securities excluded from diluted earnings (loss) per common share:
Anti-dilutive time-vesting restricted share units (3)	—		1,163		80
Anti-dilutive performance share units	475		1,292		197
Anti-dilutive stock options	53		656		448

(1) There was no dilutive effect to the loss per common share for the year ended December 31, 2023 due to the net loss incurred for the period.

(2) Weighted-average dilutive shares outstanding for the year ended December 31, 2022, includes approximately 3.7 million common shares issued in connection with the acquisition of Acima Holdings and subject to vesting conditions under restricted stock agreements

(3) Anti-dilutive time-vesting restricted share units for the year ended December 31, 2023 includes approximately 0.4 million common shares issued in connection with the acquisition of Acima Holdings and subject to vesting conditions under restricted stock agreements.

Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2024

Earnings Per Common Share [Abstract]

Earnings (Loss) Per Common Share

Summarized basic and diluted earnings (loss) per common share were calculated as follows:


	Year Ended December 31,
(in thousands, except per share data)	2024		2023		2022
Numerator:
Net earnings (loss)	$	123,478	$	(5,179)	$	12,357
Denominator:
Weighted-average shares outstanding	54,654		54,978		53,850
Effect of dilutive stock awards (1) (2)	1,279		—		5,116
Weighted-average dilutive shares	55,933		54,978		58,966

Basic earnings (loss) per common share	$	2.26	$	(0.09)	$	0.23
Diluted earnings (loss) per common share	$	2.21	$	(0.09)	$	0.21
Anti-dilutive securities excluded from diluted earnings (loss) per common share:
Anti-dilutive time-vesting restricted share units (3)	—		1,163		80
Anti-dilutive performance share units	475		1,292		197
Anti-dilutive stock options	53		656		448

(1) There was no dilutive effect to the loss per common share for the year ended December 31, 2023 due to the net loss incurred for the period.

Income Taxes - Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Unrecognized Tax Benefits, Beginning Balance	$ 1,221	$ 5,100	$ 6,536
Additions based on tax positions related to current year	0	97	14
Reductions based on tax positions related to current year	0	0	(488)
Additions for tax positions of prior years	0	759	21
Reductions for tax positions of prior years	(653)	(4,735)	(983)
Settlements	(200)	0	0
Unrecognized Tax Benefits, Ending Balance	$ 368	$ 1,221	$ 5,100

Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Cash flows from operating activities [Abstract]

Net earnings (loss)

$ 123,478

$ (5,179)

$ 12,357

Adjustments to reconcile net earnings to net cash provided by operating activities [Abstract]

Depreciation of rental merchandise

1,302,571

1,160,579

1,229,136

Bad debt expense

19,350

25,869

24,658

Stock-based compensation expense

36,074

162,116

159,358

Depreciation for property assets

71,995

75,450

67,981

(Gain) loss on sale or disposal of property assets

(2,158)

568

6,080

Amortization of intangibles

46,382

58,022

65,890

Amortization of financing fees

5,322

6,374

6,409

Writeoff of debt financing fees

4,817

Deferred income taxes

(27,147)

(17,944)

(41,209)

Changes in operating assets and liabilities, net of effects of acquisitions

Rental merchandise

(1,328,899)

(1,272,043)

(1,047,687)

Receivables

(62,283)

(25,009)

(10,145)

Prepaid expenses and other assets

(3,946)

(4,188)

17,398

Operating lease right-of-use assets and lease liabilities

3,713

487

(1,952)

Accounts payable — trade

(61,770)

21,800

19,783

Accrued liabilities

(22,778)

13,388

(39,597)

Net cash provided by operating activities

104,721

200,290

468,460

Cash flows from investing activities

Purchase of property assets

(56,275)

(53,402)

(61,387)

Proceeds from sale of assets

18,683

2,484

Promissory loan issuance

(2,500)

Acquisitions of businesses

(1,413)

(39)

(995)

Net cash used in investing activities

(41,505)

(50,957)

(62,330)

Cash flows from financing activities

Share repurchases

(50,000)

(75,052)

Excise tax related to share repurchases

^[1]

(392)

Exercise of stock options

1,799

2,386

1,786

Shares withheld for payment of employee tax withholdings

(3,689)

(2,850)

(9,509)

Debt issuance costs

(5,186)

Proceeds from debt

320,000

70,000

90,000

Repayments of debt

(323,750)

(138,604)

(298,750)

Dividends paid

(82,299)

(83,056)

(79,188)

Net cash used in financing activities

(93,517)

(202,124)

(370,713)

Effect of exchange rate changes on cash

(2,544)

2,355

391

Net (decrease) increase in cash and cash equivalents

(32,845)

(50,436)

35,808

Cash and cash equivalents at beginning of year

93,705

144,141

108,333

Cash and cash equivalents at end of year

60,860

93,705

144,141

Cash paid during the year for:

Interest

108,509

106,161

71,195

Income taxes (excludes $751, $20,714, and $725 of income taxes refunded in 2024, 2023, and 2022, respectively)

$ 103,110

$ 89,241

$ 72,307

[1]	Excise tax cash payment of $0.4 million during the year ended December 31, 2024 is related to share repurchases of $50.0 million during the year ended December 31, 2023.

401(k) Plan (Details) - USD ($) $ in Millions	12 Months Ended
401(k) Plan (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
401(k) Plan [Abstract]
Employee service requirement, minimum	3 months
Vesting schedule	2 years
Maximum contribution % of eligible pre-tax compensation allowed to participants of defined contribution plan	50.00%
Employer match	$ 5.7	$ 5.3	$ 6.0
Employer match, percent	50.00%
Employer match, percent of employees' compensation	6.00%
Percent of company stock purchased	3.50%	4.60%

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 123,478	$ (5,179)	$ 12,357
Foreign currency translation adjustments, net of tax of $(1,821), $1,665, and $464 for 2024, 2023, and 2022, respectively	(6,849)	6,263	1,745
Total other comprehensive (loss) income	(6,849)	6,263	1,745
Comprehensive income	$ 116,629	$ 1,084	$ 14,102

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Rental Merchandise Rental (Tables)

12 Months Ended

Dec. 31, 2024

Rental Merchandise [Abstract]

Rental Merchandise


	December 31,
(in thousands)	2024		2023
On rent
Cost	$	1,842,222	$	1,762,458
Less accumulated depreciation	(707,362)		(652,562)
Net book value, on rent	$	1,134,860	$	1,109,896
Held for rent
Cost	$	134,875	$	146,024
Less accumulated depreciation	(20,953)		(21,857)
Net book value, held for rent	$	113,922	$	124,167

Revenues (Tables)

12 Months Ended

Dec. 31, 2024

Revenues [Abstract]

Disaggregation of Revenue

The following tables disaggregate our revenue:


	Year Ended December 31, 2024
(in thousands)	Acima		Rent-A-Center		Mexico		Franchising		Consolidated
Rentals and fees	$	1,760,086	$	1,679,385	$	74,187	$	—	$	3,513,658
Merchandise sales	499,407		121,899		3,429		—		624,735
Installment sales	—		60,884		—		—		60,884
Franchise merchandise sales	—		—		—		88,125		88,125
Royalty income and fees	—		—		—		24,738		24,738
Other	1,953		1,257		1,110		4,104		8,424
Total revenues	$	2,261,446	$	1,863,425	$	78,726	$	116,967	$	4,320,564


	Year Ended December 31, 2023
(in thousands)	Acima		Rent-A-Center		Mexico		Franchising		Consolidated
Rentals and fees	$	1,515,189	$	1,676,238	$	70,251	$	—	$	3,261,678
Merchandise sales	415,306		122,915		3,545		—		541,766
Installment sales	—		63,630		—		—		63,630
Franchise merchandise sales	—		—		—		95,054		95,054
Royalty income and fees	—		—		—		24,416		24,416
Other	830		1,340		829		2,870		5,869
Total revenues	$	1,931,325	$	1,864,123	$	74,625	$	122,340	$	3,992,413


	Year Ended December 31, 2022
(in thousands)	Acima		Rent-A-Center		Mexico		Franchising		Consolidated
Rentals and fees	$	1,589,708	$	1,724,541	$	61,204	$	—	$	3,375,453
Merchandise sales	520,077		151,745		3,466		—		675,288
Installment sales	—		72,328		—		—		72,328
Franchise merchandise sales	—		—		—		91,350		91,350
Royalty income and fees	—		—		—		25,998		25,998
Other	535		1,250		210		2,980		4,975
Total revenues	$	2,110,320	$	1,949,864	$	64,880	$	120,328	$	4,245,392

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Stock-Based Compensation [Abstract]

Share-Based Payment Arrangement, Cost by Plan

Stock-based compensation expense for the years ended December 31, 2024, 2023 and 2022 is as follows:


	Year Ended December 31,
(in thousands)	2024		2023		2022
Stock options	$	340	$	900	$	1,327
Restricted share units(1)(2)	35,734		161,216		158,031
Total stock-based compensation expense	36,074		162,116		159,358
Tax benefit recognized in the Consolidated Statements of Operations	5,483		5,168		3,391
Stock-based compensation expense, net of tax	$	30,591	$	156,948	$	155,967

Share-Based Payment Arrangement, Option and Stock Appreciation Rights, Activity

Information with respect to stock option activity related to the Plans for the year ended December 31, 2024 follows:


	Equity Awards Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value (in thousands)
Balance outstanding at January 1, 2024	655,643	$	22.36
Granted	—	—
Exercised	(73,152)	24.59
Forfeited	(3,996)	43.24
Expired	(15,501)	36.38
Balance outstanding at December 31, 2024	562,994	$	21.54	4.27	$	4,886

Exercisable at December 31, 2024	550,602	$	21.03	4.23	$	4,891

Schedule of Nonvested Restricted Stock Units Activity

Information with respect to non-vested restricted stock unit activity follows:


	Restricted Awards Outstanding	Weighted Average Grant Date Fair Value
Balance outstanding at January 1, 2024(1)	2,208,752	$	37.10
Granted	829,959	37.09
Vested(2)	(758,275)	48.28
Forfeited	(207,614)	57.99
Balance outstanding at December 31, 2024	2,072,822	$	30.91

(2) Includes 363,791 shares vested during 2024 as part of RSA agreements issued as part of the Aggregate Stock Consideration for the acquisition of Acima Holdings, as described above.

Segment Information - Narrative (Details) $ in Thousands	12 Months Ended
Segment Information - Narrative (Details) $ in Thousands	Dec. 31, 2024 USD ($) segment store	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Information [Abstract]
Number of operating segments \| segment	4
Royalty fee percentage minimum	3.00%
Royalty fee percentage maximum	6.00%
Operating labor	$ 609,169	$ 613,538	$ 634,341
Non-labor operating expenses	$ 811,635	$ 775,919	$ 821,821
Number of retail installment sales stores \| store	51

Nature of Operations and Summary of Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Nature of Operations and Summary of Accounting Policies [Abstract]
Principles of Consolidation and Nature of Operations	Principles of Consolidation and Nature of Operations The financial statements included herein include the accounts of Upbound Group, Inc., and its direct and indirect subsidiaries. All intercompany accounts and transactions have been eliminated. Unless the context indicates otherwise, references to “Upbound Group, Inc.” refer only to Upbound Group, Inc., the parent, and references to the “Company,” “we,” “us” and “our” refer to the consolidated business operations of Upbound Group, Inc. and any or all of its direct and indirect subsidiaries. We report four operating segments: Acima, Rent-A-Center, Mexico and Franchising. Our Acima segment, which primarily operates in the United States and Puerto Rico, includes the operations of Acima Holdings and certain locations previously operating under our Acceptance Now brand, generally offers consumers who do not qualify for traditional financing the lease-to-own transaction through staffed or unstaffed kiosks located within third-party retailer locations, or other virtual options. In virtual locations, customers, either directly or with the assistance of a representative of the third-party retailer, initiate the lease-to-own transaction online in the retailers’ locations using our virtual solutions. Our Rent-A-Center segment consists of company-owned lease-to-own stores in the United States and Puerto Rico that lease household durable goods to customers through lease purchase agreements. We also offer merchandise on an installment sales basis in certain of our stores under the names “Get It Now” and “Home Choice” in Minnesota and Wisconsin. Our Rent-A-Center segment operates through our company-owned stores and e-commerce platforms through rentacenter.com, getitnowstores.com and homechoicestores.com. At December 31, 2024, we operated 1,728 company-owned stores nationwide and in Puerto Rico, including 51 retail installment sales stores. Our Mexico segment consists of our company-owned lease-to-own stores in Mexico that lease household durable goods to customers on a lease-to-own basis. At December 31, 2024, we operated 132 stores in Mexico. Rent-A-Center Franchising International, Inc., an indirect wholly-owned subsidiary of Upbound Group, Inc., is a franchisor of lease-to-own stores. At December 31, 2024, Franchising had 448 franchised stores operating in 29 states. Our Franchising segment’s primary source of revenue is the sale of rental merchandise to our franchisees, who in turn offer the merchandise to the general public for rent or purchase under a lease-to-own transaction. The balance of our Franchising segment’s revenue is generated primarily from royalties based on franchisees’ monthly gross revenues.
Rental Merchandise	Rental Merchandise Rental merchandise is carried at cost, net of accumulated depreciation. Depreciation for merchandise in Rent-A-Center, certain Acima locations previously operating under our Acceptance Now brand, and Mexico stores is depreciated using the income forecasting method, which is intended to match as closely as practicable the recognition of depreciation expense with the consumption of the rental merchandise, and assumes no salvage value. The consumption of rental merchandise occurs during periods of rental and directly coincides with the receipt of rental revenue over the rental purchase agreement period. Under the income forecasting method, merchandise held for rent is not depreciated and merchandise on rent is depreciated in the proportion of rents received to total rents provided in the lease contract, which is an activity-based method similar to the units of production method. Lease merchandise under Acima Holdings is depreciated over the lease term using a straight-line depreciation method. Depreciation under the straight-line method is recognized each period over the term of the lease-to-own contract irrespective of receipt of revenue payments from the customer. In addition, we depreciate merchandise that is held for rent for at least 180 consecutive days using the straight-line method over a period generally not to exceed 18 months. Smartphones are depreciated over an 18-month straight-line basis beginning with the earlier of on rent or 90 consecutive days held for rent. Rental merchandise that is damaged and inoperable is expensed when such impairment occurs. If a customer does not return the merchandise or make payment, the remaining book value of the rental merchandise associated with delinquent accounts is generally charged off on or before the 90th day following the time the account became past due in the Rent-A-Center and Mexico segments, on or before the 120th day in our Acima segment and during the month following the 150th day in certain Acima locations formerly operating under the Acceptance Now brand. Minor repairs made to rental merchandise are expensed at the time of the repair. In addition, we maintain a reserve for these expected losses, which estimates the merchandise losses incurred but not yet identified by management as of the end of the accounting period based on a combination of historical write-offs and expected future losses. As of December 31, 2024 and 2023, the reserve for merchandise losses was $83.6 million and $84.7 million, respectively. Expenses related to merchandise losses, damaged merchandise, or merchandise repairs are recorded to non-labor operating expenses in our Consolidated Statements of Operations and were $347.1 million, $313.8 million, and $375.2 million for the years ended December 31, 2024, 2023, and 2022, respectively.
Cash Equivalents	Cash Equivalents Cash equivalents include all highly liquid investments with an original maturity of three months or less, in addition to in-transit customer payments. We maintain cash and cash equivalents at several financial institutions, which at times may not be federally insured or may exceed federally insured limits. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risks on such accounts.
Revenues	Revenues Rental merchandise is leased to customers pursuant to lease-to-own agreements which provide for weekly, bi-weekly, semi-monthly or monthly terms with non-refundable lease payments. The customer has the right to acquire title of the merchandise either through an early purchase option or through payment of all required lease renewals. Rental revenue and fees are recognized over the lease term and merchandise sales revenue is recognized when the customer exercises the purchase option and pays the cash price due. Cash received prior to the period in which it should be recognized is deferred and recognized according to the lease term. Revenue is accrued for uncollected amounts due based on historical collection experience. However, the total potential amount of the lease-to-own agreement is not accrued because the customer can elect not to renew the lease-to-own agreement at any time and, in that case would not owe future lease payments. Revenues from the sale of merchandise in our retail installment stores are recognized when the installment note is signed, the customer has taken possession of the merchandise and collectability is reasonably assured. Franchise revenues from the sale of rental merchandise are recognized upon shipment of the merchandise to the franchisee. Franchise royalty income and fee revenue is recognized upon completion of substantially all services and satisfaction of all material conditions required under the terms of the franchise agreement. Initial franchise fees charged to franchisees for new or converted franchise stores are recognized on a straight-line basis over the term of the franchise agreement.
Receivables and Allowance for Doubtful Accounts	Receivables and Allowance for Doubtful Accounts The installment sales receivable associated with the sale of merchandise at our Get It Now and Home Choice stores generally consists of the sales price of the merchandise purchased and any additional fees for services the customer has chosen, less the customer’s down payment. No interest is accrued and interest income is recognized each time a customer makes a payment, generally on a monthly basis. We have established an allowance for doubtful accounts for our installment notes receivable. Our policy for determining the allowance is primarily based on historical loss experience, as well as the results of management’s review and analysis of the payment and collection of the installment notes receivable within the previous year. We believe our allowance is adequate to absorb all expected losses. Our policy is to charge off installment notes receivable that are 120 days or more past due. Charge-offs are applied as a reduction to the allowance for doubtful accounts and any recoveries of previously charged off balances are recognized as contra-bad debt expense in our Consolidated Statements of Operations. Our trade and notes receivables consist of amounts due from our lease-to-own customers for lease renewal payments and past due uncollected lease payments, adjusted for the probability of collection based on our assessment of historical collection rates and length of time the receivable is past due; amounts owed from our franchisees for inventory purchases, earned royalties and other obligations; and other corporate related receivables. The majority of our Franchising trade and notes receivables relate to amounts due from franchisees for inventory purchases, earned royalties and other obligations. Credit is extended to franchisees based on an evaluation of each franchisee’s financial condition and collateral is generally not required. Trade receivables are generally due within 30 days and are reported as amounts due from franchisees, net of an allowance for doubtful accounts. Accounts that are outstanding longer than the contractual payment terms are considered past due. Franchising determines its allowance by considering a number of factors, including the length of time receivables are past due, previous loss history, the franchisee’s current ability to pay its obligation, and the condition of the general economy and the industry as a whole. Franchising writes off trade receivables that are 90 or more days past due and payments subsequently received on such receivables are recognized as contra-bad debt expense in our Consolidated Statements of Operations.
Property Assets and Related Depreciation	Property Assets and Related Depreciation Furniture, equipment and vehicles are stated at cost less accumulated depreciation. Depreciation is provided over the estimated useful lives of the respective assets (generally 5 years) on the straight-line method. Leasehold improvements are amortized over the useful life of the asset or the initial term of the applicable leases on the straight-line method, whichever is shorter. We have incurred costs to develop computer software for internal use. We capitalize the costs incurred during the application development stage, which includes designing the software configuration and interfaces, coding, installation, and testing. Costs incurred during the preliminary stages along with post-implementation stages of internally developed software are expensed as incurred. Internally developed software costs, once placed in service, are amortized over various periods up to 10 years. We incur repair and maintenance expenses on our vehicles and equipment. These amounts are recognized when incurred, unless such repairs significantly extend the life of the asset, in which case we amortize the cost of the repairs for the remaining useful life of the asset utilizing the straight-line method.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets We record goodwill when the consideration paid for an acquisition exceeds the fair value of the identifiable net tangible and identifiable intangible assets acquired. Goodwill is not subject to amortization but must be periodically evaluated for impairment for each reporting unit. Impairment occurs when the carrying value of goodwill is not recoverable from future cash flows. We perform an assessment of goodwill for impairment at the reporting unit level annually as of October 1 or when events or circumstances indicate that impairment may have occurred. Our reporting units are our reportable operating segments. Factors which could necessitate an interim impairment assessment include a sustained decline in our stock price, prolonged negative industry or economic trends and significant underperformance relative to historical or projected future operating results. Based on our assessment, if the fair value of the reporting unit exceeds its carrying value, then the goodwill is not deemed impaired. If the carrying value of the reporting unit exceeds fair value, goodwill is deemed impaired and the impairment is measured as the difference between the carrying value and the fair value of the respective reporting unit. We determine the fair value of each reporting unit using methodologies which include the present value of estimated future cash flows. The analysis is based upon available information regarding expected future cash flows and discount rates. Discount rates are generally based upon our weighted average cost of capital. As an alternative to performing a quantitative assessment to measure the fair value of the reporting unit, the Company may perform a qualitative assessment for impairment if it believes it is not more likely than not that the carrying value of the net assets of the reporting unit exceeds its fair value. At December 31, 2024, the amount of goodwill attributable to the Rent-A-Center and Acima segments was approximately $1.9 million and $288.3 million, respectively. We currently do not have goodwill balances attributable to our Mexico or Franchising segments. Acquired intangible assets are recorded at their estimated fair value as of the date of acquisition and generally include customer relationships, merchant relationships, non-compete agreements and trade names. Customer relationships are generally amortized over a 21-month period, excluding relationships with existing lessees acquired from Acima Holdings which were being amortized over 12 months. Non-compete agreements are amortized over the contractual life of the agreements, merchant relationships are amortized over a 7 to 15 year period, and trade names and other intangible assets are amortized over the estimated life of the asset. Intangible assets are amortized using methods that we believe reflect the pattern in which the economic benefits of the related asset are consumed unless such pattern cannot be reliably determined, in which case we amortize using a straight-line method.
Accounting for Impairment of Long-Lived Assets	Accounting for Impairment of Long-Lived Assets We evaluate all long-lived assets, including intangible assets, excluding goodwill, for impairment whenever events or changes in circumstances indicate that the carrying amounts of the related assets may not be recoverable by the undiscounted net cash flows they will generate. Impairment is recognized when the carrying amounts of such assets exceed their fair value. We determine the fair value of our long-lived assets using methodologies which include the present value of estimated future cash flows of the asset, or related fair market values for similar assets.
Self-Insurance Liabilities	Self-Insurance Liabilities We have self-insured retentions with respect to losses under our workers’ compensation, general liability, vehicle liability and health insurance programs. We establish reserves for our liabilities associated with these losses by obtaining forecasts for the ultimate expected losses and estimating amounts needed to pay losses within our self-insured retentions. We make assumptions on our liabilities within our self-insured retentions using actuarial loss forecasts, company-specific development factors, general industry loss development factors, and third-party claim administrator loss estimates which are based on known facts surrounding individual claims. These assumptions incorporate expected increases in health care costs. Periodically, we reevaluate our estimate of liability within our self-insured retentions. At that time, we evaluate the adequacy of our reserves by comparing amounts reserved on our balance sheet for anticipated losses to our updated actuarial loss forecasts and third-party claim administrator loss estimates, and make adjustments to our reserves as needed.
Foreign Currency Translation	Foreign Currency Translation The functional currency of our foreign operations is the applicable local currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the current rate of exchange on the last day of the reporting period. Revenues and expenses are generally translated at an average rate of exchange during the period.
Other Comprehensive income (Loss)	Other Comprehensive Income (Loss) Other comprehensive income (loss) is comprised exclusively of our foreign currency translation adjustment and the related tax impact of that adjustment.
Income Taxes	Income Taxes We record deferred taxes for temporary differences between the tax and financial reporting bases of assets and liabilities at the enacted tax rate expected to be in effect when those temporary differences are expected to be recovered or settled. Income tax accounting requires management to make estimates and apply judgments to events that will be recognized in one period under rules that apply to financial reporting in a different period in our tax returns. In particular, judgment is required when estimating the value of future tax deductions, tax credits and net operating loss carryforwards (NOLs), as represented by deferred tax assets. We evaluate the recoverability of these future tax deductions and credits by assessing the future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely heavily on estimates. We use our historical experience and our short- and long-range business forecasts to provide insight and assist us in determining recoverability. When it is determined the recovery of all or a portion of a deferred tax asset is not likely, a valuation allowance is established. We include NOLs in the calculation of deferred tax assets. NOLs are utilized to the extent allowable due to the provisions of the Internal Revenue Code of 1986, as amended, and relevant state statutes. We recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon the ultimate settlement with the relevant tax authority. A number of years may elapse before a particular matter, for which we have recorded a liability, is audited and effectively settled. We review our tax positions quarterly and adjust our liability for unrecognized tax benefits in the period in which we determine the issue is effectively settled with the tax authorities, the statute of limitations expires for the relevant taxing authority to examine the tax position, or when more information becomes available. We classify accrued interest and penalties related to unrecognized tax benefits as interest expense and general & administrative expense, respectively.
Sales Tax	Sales Taxes We record revenue net of related sales taxes imposed on our goods and services in our Consolidated Statements of Operations. We are required by the applicable governmental authorities to collect and remit sales taxes. Accordingly, such amounts are charged to the customer, collected and remitted directly to the appropriate jurisdictional entity.
(Loss) Earnings Per Common Share	Earnings (Loss) Per Common Share Basic earnings (loss) per common share are based upon the weighted average number of common shares outstanding during each period presented. Diluted earnings (loss) per common share are based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options and vesting of stock awards at the beginning of the year, or for the period outstanding during the year for current year issuances.
Advertising Costs	Advertising Costs Costs incurred for producing and communicating advertising are expensed when incurred. Advertising expense was $65.0 million, $63.1 million, and $53.6 million, for the years ended December 31, 2024, 2023, and 2022, respectively. Advertising expense is net of vendor allowances of $23.2 million, $21.7 million, and $20.0 million for the years ended December 31, 2024, 2023, and 2022, respectively.
Share-Based Compensation	Stock-Based Compensation We maintain long-term incentive plans for the benefit of certain employees and directors, which are described more fully in Note O. We recognize share-based payment awards to our employees and directors at the estimated fair value on the grant date. Determining the fair value of certain share-based awards requires information about several variables that include, but are not limited to, expected stock volatility over the term of the award, expected dividend yields, and the risk free interest rate. We base the expected term on historical exercise and post-vesting employment-termination experience, and expected volatility on historical realized volatility trends. In addition, all stock-based compensation expense is recorded net of an estimated forfeiture rate. The forfeiture rate is based upon historical activity and is analyzed at least annually as actual forfeitures occur. Compensation costs are recognized net of estimated forfeitures over the requisite service period on a straight-line basis. We issue new shares to settle stock awards. Stock options are valued using a Black-Scholes pricing model. Time-vesting restricted stock units are valued using the closing price on the Nasdaq Global Select Market on the day before the grant date. Performance-based restricted stock units will vest in accordance with a total shareholder return formula, and are valued by a third-party valuation firm using Monte Carlo simulations.
Reclassifications	Reclassifications Certain reclassifications may be made to the reported amounts for prior periods to conform to the current period presentation. These reclassifications have no impact on net earnings or earnings per share in any period. There were no reclassifications of reported amounts for prior periods included in the financial statements of our Annual Report on Form 10-K for the year ended December 31, 2024.
Use of Estimates	Use of Estimates In preparing financial statements in conformity with U.S. generally accepted accounting principles, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent losses and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In applying accounting principles, we must often make individual estimates and assumptions regarding expected outcomes or uncertainties. Our estimates, judgments and assumptions are continually evaluated based on available information and experience. However, uncertainties, including those related to recent macroeconomic trends or other factors, may affect certain estimates and assumptions inherent in the financial reporting process, which may impact reported amounts of assets and liabilities in future periods and cause actual results to differ from those estimates.
Newly Adopted Accounting Pronouncements	Newly Adopted Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced disclosures of significant segment expenses on a quarterly and annual basis and is intended to improve the transparency of reportable segment disclosures. Adoption of ASU 2023-07 was required for us beginning January 1, 2024 for our Annual Report on Form 10-K for the year ended December 31, 2024 and interim periods beginning in 2025. We have include required disclosure updates in our Annual Report on Form 10-K for the year ended December 31, 2024, using a retrospective approach.

Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 12,814	$ 20,852
Accrued liabilities	63,258	64,410
Intangible assets	133,235	143,386
Property assets	9,641	0
Lease obligations	72,790	79,645
Other assets	3,892	4,082
Foreign tax credit carryforwards	2,348	856
Total deferred tax assets	297,978	313,231
Valuation allowance	(8,599)	(9,340)
Deferred tax assets, net	289,379	303,891
Rental merchandise	(176,375)	(212,137)
Property assets	0	(2,089)
Lease assets	(70,786)	(77,825)
Other liabilities	(1,874)	(650)
Total deferred tax liabilities	(249,035)	(292,701)
Net deferred taxes	$ 40,344	$ 11,190

Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net earnings (loss)	$ 123,478	$ (5,179)	$ 12,357
Weighted-average shares outstanding	54,654	54,978	53,850
Effect of dilutive stock awards	1,279	0	5,116
Weighted-average dilutive shares	55,933	54,978	58,966
Basic earnings (loss) per common share	$ 2.26	$ (0.09)	$ 0.23
Diluted earnings (loss) per common share	$ 2.21	$ (0.09)	$ 0.21
Acima Holdings
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average dilutive shares			3,700
Anti-dilutive securities excluded from diluted earnings per common share		400
Restricted share units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per common share	0	1,163	80
Performance share units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per common share	475	1,292	197
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per common share	53	656	448

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2024

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table provides information concerning other store acquisitions completed during the years ended December 31, 2024, 2023 and 2022.


	Year Ended December 31,
(dollar amounts in thousands)	2024		2023		2022
Number of stores acquired remaining open	3		—		1
Number of stores acquired that were merged with existing stores	3		1		4
Number of transactions	6		1		5
Total purchase price	$	1,463	$	39	$	995
Amounts allocated to:
Goodwill	$	439	$	—	$	—

Customer relationships	230		11		141
Rental merchandise	794		28		854

Nature of Operations and Summary of Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) segment store	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Product Information [Line Items]
Number of operating segments \| segment	4
Number of company-owned stores nationwide and in Puerto Rico \| store	1,728
Number of retail installment sales stores \| store	51
Number of stores in Mexico \| store	132
Number of Franchised stores \| store	448
Number of states with Franchised stores	29
Minimum Period in Held for Rent status needed for depreciation of merchandise	180 days
Maximum Period used for depreciation of Merchandise Held for Rent	18 months
Maximum Period used for depreciation of smartphones Held for Rent	18 months
Minimum Period in Held for Rent status needed for depreciation of smartphones	90 days
Maximum period of past due required to charge off remaining book value of rental merchandise for Rent-A-Center business and Mexico segments	90 days
Maximum period of past due required to charge off remaining book value of rental merchandise for Acima segment	120 days
Maximum period of past due required to charge off remaining book value of rental merchandise for Acima segment operating under Acceptance Now brand	150 days
Reserves for Merchandise Losses	$ 83,600	$ 84,700
Merchandise losses, Damages and Repairs	$ 347,100	313,800	$ 375,200
Minimum Period of Past Due Required to Charge Off installment Notes	120 days
Maximum period in current status allowed to Franchisees for payment of receivables	30 days
Minimum period of past due required to write off receivables from Franchisees	90 days
Goodwill	$ 290,189	289,750	289,750
Amortization period for acquired customer relationships	21 months
Amortization period for vendor relationships minimum	7 years
Amortization period for vendor relationships maximum	15 years
Advertising Costs	$ 65,000	63,100	53,600
Vendor Allowances	23,200	21,700	$ 20,000
Rent-A-Center
Product Information [Line Items]
Goodwill	1,900	1,500
Acima
Product Information [Line Items]
Goodwill	$ 288,300	$ 288,300
Furniture, equipment and vehicle [Member]
Product Information [Line Items]
Useful life	5 years
Internally Developed Software [Member]
Product Information [Line Items]
Useful life	10 years