Lease Merchandise, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease Merchandise, Net | Lease Merchandise, Net The Company's lease merchandise, net of accumulated depreciation as of June 30, 2026 and December 31, 2025 is as follows:
Depreciation expense on lease merchandise for the three and six months ended June 30, 2026 was $0.2 million and $0.6 million, respectively. Depreciation expense on lease merchandise for the three and six months ended June 30, 2025 was $0.5 million and $0.6 million, respectively. A loss on the disposal of leased merchandise for the three and six months ended June 30, 2026 was $0.1 million and $0.2 million, respectively. There was no gain or loss on leased merchandise during the three and six months ended June 30, 2025. The Company recognized a recovery on leased merchandise of $17,636 and $69,327, respectively, for the three and six months ended June 30, 2026, respectively and this recovery is included in general and administrative expenses in the Condensed Consolidated Statements of Operations. There was no impairment or recovery on leased merchandise during the three and six months ended June 30, 2025. The Company's merchandise on operating leases consisted mostly of sporting goods during the three and six months ended June 30, 2026. All of the Company's customer agreements are considered operating leases, and the Company currently does not have any sales-type or direct financing leases.
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