Basis and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Schedule Of Company Operated Store Activity

The following table presents store count by ownership type for the Company's store-based operations:



Stores as of March 31 (Unaudited)	2016	2015
Company-operated stores
Sales and Lease Ownership	1,223	1,235
HomeSmart	82	83
Total Company-operated stores	1,305	1,318
Franchised stores	729	790
Systemwide stores	2,034	2,108

On April 5, 2016, the Company entered into an agreement to sell the 82 Company-operated HomeSmart stores. Refer to Note 9 for more information.

The following table presents active doors for Progressive:



Active Doors at March 31 (Unaudited)	2016	2015
Progressive Active Doors¹	13,521	11,861

¹ An active door is a retail store location at which at least one virtual lease-to-own transaction has been completed during the trailing three month period.

Calculation of Dilutive Stock Awards

The following table shows the calculation of dilutive share-based awards for the three months ended March 31, 2016 and 2015:



	Three Months Ended March 31,
(Shares In Thousands)	2016	2015
Weighted average shares outstanding	72,634	72,517
Dilutive effect of share-based awards	583	338
Weighted average shares outstanding assuming dilution	73,217	72,855

Accounts Receivable Net of Allowances

Accounts receivable, net of allowances, consist of the following:



(In Thousands)	March 31, 2016		December 31, 2015
Customers	$	32,263	$	35,153
Corporate	16,046		26,175
Franchisee	36,894		52,111
	$	85,203	$	113,439

The following is a summary of the Company’s loans receivable, net:



(In Thousands)	March 31, 2016			December 31, 2015
Credit Card Loans	$	30,456		$	13,900
Acquired Loans	59,521			74,866
Loans Receivable, Gross	89,977			88,766

Allowance for Loan Losses	(2,589		)	(937		)
Unamortized Fees	(4,190		)	(2,034		)
Loans Receivable, Net	$	83,198		$	85,795

Components of the Accounts Receivable Provision

The following table shows the components of the accounts receivable provision for the three months ended March 31:



(In Thousands)	2016		2015
Bad debt expense	$	27,939	$	24,141
Provision for returns and uncollected renewal payments	6,575		5,790
Accounts receivable provision	$	34,514	$	29,931

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2016 are as follows:



(In Thousands)	Foreign Currency			Total
Balance at January 1, 2016	$	(517	)	$	(517	)
Other comprehensive income	593			593
Balance at March 31, 2016	$	76		$	76