XML 39 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segments (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations
(In Thousands)
June 30,
2016
 
December 31,
2015
Assets:
 
 
 
Sales and Lease Ownership
$
1,187,749

 
$
1,261,040

Progressive
877,413

 
878,457

HomeSmart
—

 
44,429

DAMI
93,576

 
97,486

Franchise
31,582

 
53,693

Manufacturing1
28,529

 
28,986

Other
322,598

 
291,080

Total Assets
$
2,541,447

 
$
2,655,171

1  
Includes inventory (principally raw materials and work-in-process) that has been classified within lease merchandise in the condensed consolidated balance sheets of $19.4 million as of June 30, 2016 and December 31, 2015.
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(In Thousands)
2016
 
2015
 
2016
 
2015
Revenues From External Customers:
 
 
 
 
 
 
 
Sales and Lease Ownership
$
461,464

 
$
481,208

 
$
968,915

 
$
1,016,739

Progressive
298,574

 
255,946

 
605,239

 
507,565

HomeSmart
7,544

 
15,541

 
25,392

 
32,316

DAMI1
5,302

 
—

 
10,065

 
—

Franchise
14,772

 
15,491

 
31,067

 
32,495

Manufacturing
21,590

 
25,228

 
46,513

 
54,034

Other
353

 
327

 
637

 
695

Revenues of Reportable Segments
809,599

 
793,741

 
1,687,828

 
1,643,844

Elimination of Intersegment Revenues
(20,246
)
 
(24,692
)
 
(44,048
)
 
(52,981
)
Total Revenues from External Customers
$
789,353

 
$
769,049

 
$
1,643,780

 
$
1,590,863

Earnings (Loss) Before Income Taxes:
 
 
 
 
 
 
 
Sales and Lease Ownership
$
38,947

 
$
40,690

 
$
95,525

 
$
99,731

Progressive
29,083

 
23,314

 
50,997

 
39,144

HomeSmart2
(694
)
 
48

 
(3,653
)
 
574

DAMI
(2,280
)
 
—

 
(5,162
)
 
—

Franchise
11,781

 
11,993

 
24,900

 
25,891

Manufacturing
536

 
376

 
1,404

 
1,658

Other3
(15,816
)
 
(11,669
)
 
(21,971
)
 
(23,148
)
Earnings Before Income Taxes for Reportable Segments
61,557

 
64,752

 
142,040

 
143,850

Elimination of Intersegment Profit
(433
)
 
(398
)
 
(1,188
)
 
(1,666
)
Total Earnings Before Income Taxes
$
61,124

 
$
64,354

 
$
140,852

 
$
142,184


1 Represents interest and fees on loans receivable, and excludes the effect of interest expense.
2 HomeSmart earnings before income taxes includes a loss on the sale of HomeSmart of $4.2 million and additional charges of $1.4 million related to exiting the HomeSmart business during the six months ended June 30, 2016, of which $1.0 million was incurred during the three months ended June 30, 2016.
3 Earnings before income taxes for the Other category during the the six months ended June 30, 2016 includes a gain of $11.1 million on the January 29, 2016 sale of the Company's corporate office building .