Receivables and Allowance for Doubtful Accounts (Tables)

6 Months Ended

Jun. 30, 2026

Receivables and Allowance for Doubtful Accounts [Abstract]

Receivables consist of the following:


(in thousands)		June 30, 2026				December 31, 2025
Trade and notes receivables(1)		$	111,147			$	112,490
Installment sales receivables			57,390				61,389
Customer cash advances			75,141				58,976
Total receivables			243,678				232,855
Less allowance for doubtful accounts(2)			(38,393	)			(29,661	)
Total receivables, net of allowance for doubtful accounts		$	205,285			$	203,194

(1) Trade and notes receivables includes accrued revenue, adjusted for the probability of collection, related to our lease-to-own agreements of $56.4 million and $55.9 million at June 30, 2026 and December 31, 2025, respectively, including $52.6 million and $51.9 million related to lease-to-own agreements for Acima Holdings and $3.5 million and $3.6 million related to lease-to-own agreements for Rent-A-Center at June 30, 2026 and December 31, 2025, 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.

Changes in Allowance for Doubtful Accounts

Changes in our allowance for doubtful accounts are as follows:


(in thousands)		June 30, 2026
Beginning allowance for doubtful accounts		$	29,661
Bad debt expense(1)			47,423
Accounts written off, net of recoveries			(38,691	)
Ending allowance for doubtful accounts		$	38,393

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

Financing Receivable, Past Due

The details of Brigit customer cash advances aging are as follows:


		June 30, 2026
($ in thousands)		Amount				Percent
0-15 days		$	53,747				72	%
16-30 days			13,743				18	%
31-45 days			4,918				7	%
45+ days			2,733				3	%
Customer cash advances before allowance for doubtful accounts		$	75,141				100	%


		December 31, 2025
($ in thousands)		Amount				Percent
0-15 days		$	44,077				75	%
16-30 days			9,844				17	%
31-45 days			3,731				6	%
45+ days			1,324				2	%
Customer cash advances before allowance for doubtful accounts		$	58,976				100	%