Cover Page - USD ($) | 12 Months Ended | | |
Dec. 31, 2020 | Feb. 23, 2021 | Jun. 30, 2020 |
Cover [Abstract] | | | |
Document Type | 10-K/A | | |
Document Annual Report | true | | |
Document Period End Date | Dec. 31, 2020 | | |
Document Transition Report | false | | |
Entity File Number | 1-39628 | | |
Entity Registrant Name | PROG HOLDINGS, INC. | | |
Entity Central Index Key | 0001808834 | | |
Current Fiscal Year End Date | --12-31 | | |
Document Fiscal Year Focus | 2020 | | |
Document Fiscal Period Focus | FY | | |
Amendment Flag | true | | |
Entity Incorporation, State or Country Code | GA | | |
Entity Tax Identification Number | 85-2484385 | | |
Entity Address, Address Line One | 256 W. Data Drive | | |
Entity Address, City or Town | Draper | | |
Entity Address, State or Province | UT | | |
Entity Address, Postal Zip Code | 84020-2315 | | |
City Area Code | 385 | | |
Local Phone Number | 351-1369 | | |
Title of 12(b) Security | Common Stock, $0.50 Par Value | | |
Trading Symbol | PRG | | |
Security Exchange Name | NYSE | | |
Entity Well-known Seasoned Issuer | Yes | | |
Entity Voluntary Filers | No | | |
Entity Current Reporting Status | Yes | | |
Entity Interactive Data Current | Yes | | |
Entity Filer Category | Large Accelerated Filer | | |
Entity Small Business | false | | |
Entity Emerging Growth Company | false | | |
ICFR Auditor Attestation Flag | true | | |
Entity Shell Company | false | | |
Entity Public Float | | | $ 1,919,460,479 |
Entity Common Stock, Shares Outstanding (in shares) | | 67,272,278 | |
Amendment Description | On February 26, 2021, PROG Holdings, Inc. filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “Original Form 10-K”). PROG Holdings, Inc. is filing this Amendment No. 1 on Form 10-K/A (the “Form 10-K/A”) because it will not file its definitive proxy statement within 120 days after the end of its fiscal year ended December 31, 2020. This Form 10-K/A amends and restates in its entirety Part III, Items 10 through 14 of the Original Form 10-K, to include information previously omitted from the Original Form 10-K in reliance on General Instruction G(3) to Form 10-K. The reference on the cover page of the Original Form 10-K to the incorporation by reference of portions of PROG Holdings, Inc.’s definitive proxy statement into Part III of the Original Form 10-K is hereby deleted. Unless the context otherwise requires or we specifically indicate otherwise, references in this Form 10-K/A to “we,” “us,” “our,” “our Company” and “the Company” refer to Aaron’s, Inc. prior to the completion of the holding company formation transaction completed on October 16, 2020 and to PROG Holdings, Inc. following completion of the holding company formation transaction. In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), certifications by the principal executive officer and principal financial officer of PROG Holdings, Inc. are filed as exhibits to this Form 10-K/A under Item 15 of Part IV hereof. Because no financial statements have been included in this Form 10-K/A and this Form 10-K/A does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. In addition, and for the foregoing reasons, we are not including the certifications under Section 906 of the Sarbanes-Oxley Act of 2002. Except as described above, this Form 10-K/A does not modify or update disclosure in, or exhibits to, the Original Form 10-K. Furthermore, this Form 10-K/A does not change any previously reported financial results, nor does it reflect events occurring after the date of the Original Form 10-K. Information not affected by this Form 10-K/A remains unchanged and reflects the disclosures made at the time the Original Form 10-K was filed. Accordingly, this Form 10-K/A should be read in conjunction with the Original Form 10-K and our other filings with the Securities and Exchange Commission (the “SEC”). | | |