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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the major classes of line items constituting (loss) earnings of The Aaron's Company, which are included within the (loss) income from discontinued operations, net of income tax, in the consolidated statements of earnings and the operating and investing cash flows of the discontinued operations.

11 Months Ended November 30,Year Ended December 31,
(In Thousands)202020192018
Total Revenues$1,591,217 $1,784,477 $1,792,624 
Operating (Loss) Profit(381,244)78,261 132,810 
(Loss) Earnings before Income Taxes from Discontinued Operations1
(393,415)65,175 95,405 
Income Tax (Benefit) Expense from Discontinued Operations(98,323)9,088 24,498 
(Loss) Earnings from Discontinued Operations, Net of Income Tax$(295,092)$56,087 $70,907 
Cash Flows:
Cash Provided by Operating Activities from Discontinued Operations$193,319 $172,314 $199,539 
Cash Used in Investing Activities from Discontinued Operations$(64,508)$(76,187)$(246,002)
1(Loss) Earnings before Income Taxes from Discontinued Operations during the year ended December 31, 2020 reflects a $446.9 million goodwill impairment loss related to the Aaron's Business segment, $36.5 million of third-party transaction costs related to the separation and distribution transaction, $14.7 million related to a sales and marketing early termination fee, and a $4.1 million loss on debt extinguishment.
The following table summarizes the assets and liabilities of discontinued operations at December 31, 2019:
(In Thousands)December 31, 2019
ASSETS:
Cash and Cash Equivalents$— 
Accounts Receivable, Net37,079 
Lease Merchandise, Net781,598 
Property, Plant and Equipment, Net207,301 
Operating Lease Right-of-Use Assets304,932 
Goodwill447,780 
Other Intangibles, Net14,234 
Income Tax Receivable1,083 
Prepaid Expenses and Other Assets86,815 
Total Assets of Discontinued Operations$1,880,822 
LIABILITIES:
Accounts Payable and Accrued Expenses$214,194 
Deferred Income Tax Liability210,103 
Customer Deposits and Advance Payments47,692 
Operating Lease Liabilities335,482 
Debt341,030 
Total Liabilities of Discontinued Operations$1,148,501