Aarons 10-Q 25 Apr 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 19, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	AAN
Entity Registrant Name	AARON'S INC
Entity Central Index Key	0000706688
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		67,677,449

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS:
Cash and Cash Equivalents	$ 124,154	$ 15,278
Accounts Receivable (net of allowances of $56,785 in 2019 and $62,704 in 2018)	84,037	98,159
Lease Merchandise (net of accumulated depreciation and allowances of $808,056 in 2019 and $816,928 in 2018)	1,301,066	1,318,470
Loans Receivable (net of allowances and unamortized fees of $18,925 in 2019 and $19,941 in 2018)	72,564	76,153
Property, Plant and Equipment at Cost (net of accumulated depreciation of $291,750 in 2019 and $284,287 in 2018)	228,864	229,492
Operating Lease Right-of-Use Assets	370,282
Goodwill	734,558	733,170
Other Intangibles (net of accumulated amortization of $138,308 in 2019 and $130,116 in 2018)	216,559	228,600
Income Tax Receivable	13,401	29,148
Prepaid Expenses and Other Assets	92,481	98,222
Total Assets	3,237,966	2,826,692
LIABILITIES & SHAREHOLDERS’ EQUITY:
Accounts Payable and Accrued Expenses	246,779	293,153
Deferred Income Taxes Payable	279,224	267,500
Customer Deposits and Advance Payments	83,610	80,579
Operating Lease Liabilities	406,559
Debt	408,286	424,752
Total Liabilities	1,424,458	1,065,984
Commitments and Contingencies (Note 6)
SHAREHOLDERS' EQUITY:
Common Stock, Par Value $0.50 Per Share: Authorized: 225,000,000 Shares at March 31, 2019 and December 31, 2018; Shares Issued: 90,752,123 at March 31, 2019 and December 31, 2018	45,376	45,376
Additional Paid-in Capital	270,727	278,922
Retained Earnings	2,061,651	2,005,344
Accumulated Other Comprehensive Loss	(663)	(1,087)
Stockholders' Equity before Treasury Stock, Total	2,377,091	2,328,555
Less: Treasury Shares at Cost
Common Stock: 23,074,674 Shares at March 31, 2019 and 23,567,979 at December 31, 2018	(563,583)	(567,847)
Total Shareholders’ Equity	1,813,508	1,760,708
Total Liabilities & Shareholders’ Equity	$ 3,237,966	$ 2,826,692

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 56,785	$ 62,704
Lease Merchandise, accumulated depreciation and allowances	808,056	816,928
Loans Receivable, allowances and unamortized fees	18,925	19,941
Property, Plant and Equipment at Cost, accumulated depreciation	291,750	284,287
Other Intangibles, accumulated amortization	$ 138,308	$ 130,116
Common Stock, Par Value (in dollars per share)	$ 0.50	$ 0.50
Common Stock, Shares Authorized (in shares)	225,000,000	225,000,000
Common Stock, Shares Issued (in shares)	90,752,123	90,752,123
Treasury Shares (in shares)	23,074,674	23,567,979

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net Earnings	$ 56,078	$ 52,246
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustment	424	(477)
Total Other Comprehensive Income (Loss)	424	(477)
Comprehensive Income	$ 56,502	$ 51,769

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
REVENUES:
Revenues	$ 1,012,103	$ 954,809
COSTS AND EXPENSES:
Depreciation of Lease Merchandise	500,820	440,008
Operating Expenses	387,216	390,232
Restructuring Expenses, Net	13,281	906
Other Operating Income, Net	(897)	(83)
Costs and Expenses, Total	938,248	884,745
OPERATING PROFIT	73,855	70,064
Interest Income	101	202
Interest Expense	(4,956)	(4,326)
Other Non-Operating Income, Net	1,308	812
EARNINGS BEFORE INCOME TAXES	70,308	66,752
INCOME TAXES	14,230	14,506
NET EARNINGS	$ 56,078	$ 52,246
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.83	$ 0.75
Assuming Dilution (in dollars per share)	0.82	0.73
CASH DIVIDENDS DECLARED PER SHARE:
Common Stock (in dollars per share)	$ 0.035	$ 0.0300
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)	67,294	70,105
Assuming Dilution (in shares)	68,773	72,018
Lease Revenues and Fees
REVENUES:
Revenues	$ 944,157	$ 870,067
Retail Sales
REVENUES:
Revenues	12,809	8,516
COSTS AND EXPENSES:
Cost of Sales	8,632	5,662
Non-Retail Sales
REVENUES:
Revenues	36,981	53,230
COSTS AND EXPENSES:
Cost of Sales	29,196	48,020
Franchise Royalties and Fees
REVENUES:
Revenues	9,207	12,862
Interest and Fees on Loans Receivable
REVENUES:
Revenues	8,646	9,542
Other
REVENUES:
Revenues	$ 303	$ 592

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES:
Net Earnings	$ 56,078	$ 52,246
Adjustments to Reconcile Net Earnings to Cash Provided by Operating Activities:
Depreciation of Lease Merchandise	500,820	440,008
Other Depreciation and Amortization	26,562	22,115
Accounts Receivable Provision	63,235	51,458
Provision for Credit Losses on Loans Receivable	4,255	4,492
Stock-Based Compensation	7,549	8,519
Deferred Income Taxes	10,861	23,201
Impairment of Assets	10,492	0
Amortization of Right of Use Assets	25,802
Other Changes, Net	883	(1,014)
Changes in Operating Assets and Liabilities, Net of Effects of Acquisitions and Dispositions:
Additions to Lease Merchandise	(580,089)	(514,055)
Book Value of Lease Merchandise Sold or Disposed	98,257	98,797
Accounts Receivable	(50,467)	(33,591)
Prepaid Expenses and Other Assets	1,550	(6,022)
Income Tax Receivable	15,747	68,214
Operating Lease Liabilities	(27,890)
Accounts Payable and Accrued Expenses	(1,854)	(21,598)
Customer Deposits and Advance Payments	2,947	3,806
Cash Provided by Operating Activities	164,738	196,576
INVESTING ACTIVITIES:
Investments in Loans Receivable	(14,493)	(14,598)
Proceeds from Loans Receivable	14,482	15,135
Proceeds from Investments	0	666
Outflows on Purchases of Property, Plant and Equipment	(23,807)	(17,254)
Proceeds from Property, Plant and Equipment	511	2,731
Outflows on Acquisitions of Businesses and Customer Agreements, Net of Cash Acquired	(3,470)	(4,774)
Proceeds from Dispositions of Businesses and Customer Agreements, Net of Cash Disposed	755	144
Cash Used in Investing Activities	(26,022)	(17,950)
FINANCING ACTIVITIES:
Repayments on Revolving Facility, Net	(16,000)	0
Repayments on Debt	(575)	(10,511)
Dividends Paid	(2,366)	(2,111)
Acquisition of Treasury Stock	0	(18,407)
Issuance of Stock Under Stock Option Plans	1,996	3,182
Shares Withheld for Tax Payments	(12,977)	(12,343)
Debt Issuance Costs	0	(55)
Cash Used in Financing Activities	(29,922)	(40,245)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	82	(8)
Increase in Cash and Cash Equivalents	108,876	138,373
Cash and Cash Equivalents at Beginning of Period	15,278	51,037
Cash and Cash Equivalents at End of Period	$ 124,154	$ 189,410

Basis and Summary of Significan

Basis and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis and Summary of Significant Accounting Policies	BASIS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Aaron's, Inc. (the "Company") is a leading omnichannel provider of lease-purchase solutions. As of March 31, 2019 , the Company's operating segments are Progressive Leasing, Aaron's Business and DAMI. Progressive Leasing is a virtual lease-to-own company that provides lease-purchase solutions in 46 states and the District of Columbia. It does so by purchasing merchandise from third-party retailers desired by those retailers' customers and, in turn, leasing that merchandise to the customers through a lease-to-own transaction. Progressive Leasing consequently has no stores of its own, but rather offers lease-purchase solutions to the customers of traditional and e-commerce retailers. The following table presents invoice volume for Progressive Leasing: For the Three Months Ended March 31 (Unaudited and In Thousands) 2019 2018 Progressive Leasing Invoice Volume 1 $ 394,727 $ 345,562 1 Invoice volume is defined as the retail price of lease merchandise acquired and then leased to customers during the period, net of returns. The Aaron's Business segment offers furniture, consumer electronics, home appliances and accessories to consumers primarily with a month-to-month, lease-to-own agreement with no credit needed through the Company's Aaron's-branded stores in the United States and Canada and its e-commerce platform. This operating segment also supports franchisees of its Aaron's-branded stores. In addition, the Aaron's Business segment includes the operations of Woodhaven Furniture Industries ("Woodhaven"), which manufactures and supplies the majority of the upholstered furniture and bedding leased and sold in Company-operated and franchised stores. The Company acquired the store operations of two franchisees during the three months ended March 31, 2019 . Refer to Note 2 to these condensed consolidated financial statements. The following table presents store count by ownership type for the Aaron's Business operations: Stores as of March 31 (Unaudited) 2019 2018 Company-operated Aaron's Branded Stores 1,230 1,182 Franchised Stores 369 537 Systemwide Stores 1,599 1,719 DAMI partners with merchants to provide a variety of revolving credit products originated through two third-party federally insured banks to customers that may not qualify for traditional prime lending (called "second-look" financing programs). Basis of Presentation The preparation of the Company's condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information requires management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Actual results could differ from those estimates. Generally, actual experience has been consistent with management's prior estimates and assumptions. Management does not believe these estimates or assumptions will change significantly in the future absent unidentified and unforeseen events. The accompanying unaudited condensed consolidated financial statements do not include all information required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included in the accompanying unaudited condensed consolidated financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 (the " 2018 Annual Report") filed with the U.S. Securities and Exchange Commission on February 14, 2019. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of operating results for the full year. Principles of Consolidation The condensed consolidated financial statements include the accounts of Aaron's, Inc. and its subsidiaries, each of which is wholly owned. Intercompany balances and transactions between consolidated entities have been eliminated. Accounting Policies and Estimates See Note 1 to the consolidated financial statements in the 2018 Annual Report. Earnings Per Share Earnings per share is computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. The computation of earnings per share assuming dilution includes the dilutive effect of stock options, restricted stock units ("RSUs"), restricted stock awards ("RSAs") and performance share units ("PSUs") (collectively, "share-based awards") as determined under the treasury stock method. The following table shows the calculation of dilutive share-based awards: Three Months Ended (Shares In Thousands) 2019 2018 Weighted Average Shares Outstanding 67,294 70,105 Dilutive Effect of Share-Based Awards 1,479 1,913 Weighted Average Shares Outstanding Assuming Dilution 68,773 72,018 Approximately 443,000 and 187,000 weighted-average share-based awards were excluded from the computation of earnings per share assuming dilution during the three months ended March 31, 2019 and 2018 , respectively, as the awards would have been anti-dilutive for the periods presented. Revenue Recognition Lease Revenues and Fees The Company provides merchandise, consisting primarily of furniture, consumer electronics, home appliances and accessories, to its customers for lease under certain terms agreed to by the customer. The Company's Progressive Leasing segment offers virtual lease-purchase solutions, typically over 12 months , to the customers of traditional and e-commerce retailers. The Company's Aaron's-branded stores and its e-commerce platform offer leases with month-to-month terms that can be renewed up to 12 , 18 or 24 months . The Company does not require deposits upon inception of customer agreements. The customer has the right to acquire ownership either through a purchase option or through payment of all required lease payments. Progressive lease revenues are earned prior to the lease payment due date and are recorded net of related sales taxes as earned. Revenue recorded prior to the payment due date results in unbilled accounts receivable in the accompanying condensed consolidated balance sheets. Beginning January 1, 2019, Progressive lease revenues are recorded net of a provision for returns and uncollectible renewal payments. Aaron's Business lease revenues are recognized as revenue net of related sales taxes in the month they are earned. Lease payments received prior to the month earned are recorded as deferred lease revenue, and this amount is included in customer deposits and advance payments in the accompanying condensed consolidated balance sheets. Aaron's Business lease revenues are recorded net of a provision for returns and uncollectible renewal payments. All of the Company's customer agreements are considered operating leases. The Company maintains ownership of the lease merchandise until all payment obligations are satisfied under sales and lease ownership agreements. Initial direct costs related to Progressive Leasing's lease purchase agreements are capitalized as incurred and amortized as operating expense over the estimated lease term. The capitalized costs have been classified within prepaid expenses and other assets in the accompanying condensed consolidated balance sheets. Initial direct costs related to Aaron's Business customer agreements are expensed as incurred and have been classified as operating expenses in the Company's condensed consolidated statements of earnings. The statement of earnings effects of expensing the initial direct costs of the Aaron's Business as incurred are not materially different from amortizing initial direct costs over the lease term. Retail and Non-Retail Sales Revenues from the retail sale of merchandise to customers are recognized at the point of sale. Revenues for the non-retail sale of merchandise to franchisees are recognized when control transfers to the franchisee, which is upon delivery of the merchandise. Substantially all of the amounts reported as non-retail sales and non-retail cost of sales in the accompanying condensed consolidated statements of earnings relate to the sale of lease merchandise to franchisees. The Company classifies the sale of merchandise to other customers as retail sales in the condensed consolidated statements of earnings. Franchise Royalties and Fees The Company has no current plans to franchise additional Aaron's stores. Current franchisees pay an ongoing royalty of 6% of the weekly cash revenue collections, which is recognized as the fees become due. The Company received a non-refundable initial franchise fee from current franchisees from $15,000 to $50,000 per store depending upon market size. Franchise fees and area development fees were generated from the sale of rights to develop, own and operate sales and lease ownership stores and pre-opening services provided by Aaron's to assist in the start-up operations of the stores. The Company considers the rights to the intellectual property and the pre-opening services to be a single performance obligation, resulting in the recognition of revenue ratably over time from the store opening date throughout the remainder of the franchise agreement term. The Company believes that this period of time is most representative of the time period in which the franchisee realizes the benefits of having the right to access the Company's intellectual property. The Company guarantees certain debt obligations of some of the franchisees and receives guarantee fees based on the outstanding debt obligations of such franchisees. Refer to Note 6 of these condensed consolidated financial statements for additional discussion of the Company's franchise-related guarantee obligation. The Company also charges fees for advertising efforts that benefit the franchisees. Such fees are recognized at the time the advertising takes place and are presented as franchise royalties and fees in the Company's condensed consolidated statements of earnings. Initial direct costs related to the pre-opening services provided to franchisees are immaterial and are expensed as incurred. These expenses have been classified as operating expenses in the Company's condensed consolidated statements of earnings. Interest and Fees on Loans Receivable DAMI extends or declines credit to an applicant through its bank partners based upon the applicant's credit rating and other factors. Qualifying applicants receive a credit card to finance their initial purchase and to use in subsequent purchases at the merchant or other participating merchants for an initial 24 -month period, which DAMI may renew if the cardholder remains in good standing. DAMI acquires the loan receivable from merchants through its third-party bank partners at a discount from the face value of the loan. The discount is comprised of a merchant fee discount and a promotional fee discount, if applicable. The merchant fee discount represents a pre-negotiated, nonrefundable discount that generally ranges from 3% to 25% of the loan face value. The discount is designed to cover the risk of loss related to the portfolio of cardholder charges and DAMI's direct origination costs. The merchant fee discount and origination costs are presented net on the condensed consolidated balance sheet in loans receivable. Cardholders generally have an initial 24 -month period that the card is active. The merchant fee discount, net of the origination costs, is amortized on a net basis and is recorded as interest and fee revenue on loans receivable in the condensed consolidated statements of earnings on a straight-line basis over the initial 24 -month period. The discount from the face value of the loan on the acquisition of the loan receivable from the merchant through the third-party bank partners may also include a promotional fee discount, which generally ranges from 1% to 8% . The promotional fee discount is intended to compensate the holder of the loan receivable (i.e. DAMI) for deferred or reduced interest rates that are offered to the cardholder for a specified period on the outstanding loan balance (generally for six , 12 or 18 months ). The promotional fee discount is amortized as interest and fee revenue on loans receivable in the condensed consolidated statements of earnings on a straight-line basis over the promotional interest period (i.e., over six , 12 or 18 months , depending on the promotion). The unamortized promotional fee discount is netted on the condensed consolidated balance sheet in loans receivable. The customer is typically required to make periodic minimum payments of at least 3.5% of the outstanding loan balance, which includes outstanding interest. Fixed and variable interest rates, typically 25% to 35.99% , are compounded daily for cards that do not qualify for deferred or reduced interest promotional periods. Interest income, which is recognized based upon the amount of the loans outstanding, is recognized as interest and fees on loans receivable in the billing period in which they are assessed if collectability is reasonably assured. For credit cards that provide for deferred or reduced interest, if the balance is not paid off during the promotional period, interest is billed to the customers at standard rates and the cumulative amount owed is charged to the cardholder account in the month that the promotional period expires or defaults. The Company recognizes interest revenue during the promotional period based on its historical experience related to cardholders that fail to pay off balances during the promotional period. Annual fees are charged to cardholders at the commencement of the loan and on each subsequent anniversary date. Annual fees are deferred and recognized into revenue on a straight-line basis over a one-year period. Under the provisions of the credit card agreements, the Company also may assess fees for service calls or for missed or late payments, which are recognized as revenue in the billing period in which they are assessed if collectability is reasonably assured. Annual fees and other fees discussed are recognized as interest and fee revenue on loans receivable in the condensed consolidated statements of earnings. Accounts Receivable Accounts receivable consist primarily of receivables due from customers of Progressive Leasing and Company-operated stores, corporate receivables incurred during the normal course of business (primarily for real estate leasing activities and vendor consideration) and franchisee obligations. Accounts receivable, net of allowances, consist of the following: (In Thousands) March 31, 2019 December 31, 2018 Customers $ 54,517 $ 60,879 Corporate 13,405 18,171 Franchisee 16,115 19,109 Accounts Receivable $ 84,037 $ 98,159 The Company maintains an accounts receivable allowance, which primarily relates to its Progressive Leasing operations and the Aaron's Business operations. The Company’s policy for its Progressive Leasing segment is to record an allowance for returns and uncollectible renewal payments based on historical collection experience. During 2019, the Company adopted ASU 2016-02, Leases ("ASC 842") which resulted in the Progressive Leasing provision for returns and uncollectible renewal payments being recorded as a reduction of lease revenue and fees within the condensed consolidated statements of earnings beginning January 1, 2019. The provision for returns and uncollectible renewal payments for periods prior to 2019 are reported herein as bad debt expense within operating expenses in the condensed consolidated statement of earnings. The Progressive Leasing segment writes off lease receivables that are 120 days or more contractually past due. For the Aaron's Business operations, contractually required lease payments are accrued when due. The Aaron's Business policy is to record a provision for returns and uncollectible contractually due renewal payments based on historical collection experience, which is recognized as a reduction of lease revenues and fees within the condensed consolidated statement of earnings. Aaron's Business write-off of lease receivables that are 60 days or more past due occur on pre-determined dates twice monthly. DAMI's allowance for uncollectible merchant accounts receivable, which primarily relates to cardholder returns and refunds, is recorded as bad debt expense within operating expenses in the condensed consolidated statement of earnings. The following table shows the amounts recognized for bad debt expense and provision for returns and uncollected payments: Three Months Ended March 31, (In Thousands) 2019 2018 Bad Debt Expense 1 $ 1,125 $ 46,542 Provision for Returns and Uncollectible Renewal Payments 2 62,110 4,916 Accounts Receivable Provision $ 63,235 $ 51,458 1 Bad debt expense is recorded within operating expenses in the condensed consolidated financial statements. 2 In accordance with the adoption of ASC 842, Progressive Leasing provision for returns and uncollectible renewal payments are recorded as a reduction to lease revenues and fees within the condensed consolidated financial statements beginning January 1, 2019. Prior to January 1, 2019, Progressive Leasing provision for returns and uncollectible renewal payments were recorded as bad debt expense within operating expenses in the condensed consolidated financial statements. Lease Merchandise The Company's lease merchandise consists primarily of furniture, consumer electronics, home appliances, jewelry, and accessories and is recorded at the lower of cost or net realizable value. The cost of merchandise manufactured by our Woodhaven operations is recorded at cost and includes overhead from production facilities, shipping costs and warehousing costs. The Company's Progressive Leasing segment, at which substantially all merchandise is on lease, depreciates merchandise generally over 12 months. The Company's Aaron's Business segment begins depreciating merchandise at the earlier of 12 months and one day or when the item is leased. Aaron's Business depreciates merchandise to a 0% salvage value over the lease agreement period when on lease, generally 12 to 24 months , and generally 36 months when not on lease. Depreciation is accelerated upon early payout. The following is a summary of lease merchandise, net of accumulated depreciation and allowances: (In Thousands) March 31, 2019 December 31, 2018 Merchandise on Lease $ 1,022,902 $ 1,053,684 Merchandise Not on Lease 278,164 264,786 Lease Merchandise, net of Accumulated Depreciation and Allowances $ 1,301,066 $ 1,318,470 The Company's policies require weekly lease merchandise counts at its store-based operations, which include write-offs for unsalable, damaged, or missing merchandise inventories. In addition to monthly cycle counting, full physical inventories are generally taken at the fulfillment and manufacturing facilities annually and appropriate provisions are made for missing, damaged and unsalable merchandise. In addition, the Company monitors lease merchandise levels and mix by division, store, and fulfillment center, as well as the average age of merchandise on hand. If obsolete lease merchandise cannot be returned to vendors, its carrying amount is adjusted to its net realizable value or written off. Generally, all lease merchandise is available for lease or sale. On a monthly basis, all damaged, lost or unsalable merchandise identified is written off. The Company records a provision for write-offs on the allowance method, which estimates the merchandise losses incurred but not yet identified by management as of the end of the accounting period based on historical write-off experience. The provision for write-offs is included in operating expenses in the accompanying condensed consolidated statements of earnings. The following table shows the components of the allowance for lease merchandise write-offs: Three Months Ended March 31, (In Thousands) 2019 2018 Beginning Balance $ 46,694 $ 35,629 Merchandise Written off, net of Recoveries (53,222 ) (40,511 ) Provision for Write-offs 56,995 44,470 Ending Balance $ 50,467 $ 39,588 Loans Receivable, Net Gross loans receivable represents the principal balances of credit card charges at DAMI's participating merchants that remain due from cardholders, plus unpaid interest and fees due from cardholders. The allowances and unamortized fees represents an allowance for uncollectible amounts; merchant fee discounts, net of capitalized origination costs; promotional fee discounts; and deferred annual card fees. Loans acquired in the October 15, 2015 DAMI acquisition (the "Acquired Loans") were recorded at their estimated fair value at the acquisition date. The projected net cash flows from expected payments of principal, interest, fees and servicing costs and anticipated charge-offs were included in the determination of fair value; therefore, an allowance for loan losses and an amount for unamortized fees were not recognized for the Acquired Loans. The difference, or discount, between the expected cash flows to be received and the fair value of the Acquired Loans is accreted to interest and fees on loans receivable based on the effective interest method. At each period end, the Company evaluates the appropriateness of the accretable discount on the Acquired Loans based on actual and revised projected future cash receipts. Losses on loans receivable are recognized when they are incurred, which requires the Company to make its best estimate of probable losses inherent in the portfolio. The Company evaluates loans receivable collectively for impairment. The method for calculating the best estimate of probable losses takes into account the Company's historical experience, adjusted for current conditions and the Company's judgment concerning the probable effects of relevant observable data, trends and market factors. Economic conditions and loan performance trends are closely monitored to manage and evaluate exposure to credit risk. Trends in delinquency ratios are an indicator of credit risk within the loans receivable portfolio, including the migration of loans between delinquency categories over time. Charge-off rates represent another indicator of the potential for future credit losses. The risk in the loans receivable portfolio is correlated with broad economic trends, such as unemployment rates, gross domestic product growth and gas prices, which can have a material effect on credit performance. To the extent that actual results differ from estimates of uncollectible loans receivable, the Company's results of operations and liquidity could be materially affected. The Company calculates the allowance for loan losses based on actual delinquency balances and historical average loss experience on loans receivable by aging category for the prior eight quarters. The allowance for loan losses is maintained at a level considered adequate to cover probable losses of principal, interest and fees on active loans in the loans receivable portfolio. The adequacy of the allowance is evaluated at each period end. Delinquent loans receivable are those that are 30 days or more past due based on their contractual billing dates. The Company places loans receivable on nonaccrual status when they are greater than 90 days past due or upon notification of cardholder bankruptcy, death or fraud. The Company discontinues accruing interest and fees and amortizing merchant fee discounts and promotional fee discounts for loans receivable in nonaccrual status. Loans receivable are removed from nonaccrual status when cardholder payments resume, the loan becomes 90 days or less past due and collection of the remaining amounts outstanding is deemed probable. Payments received on nonaccrual loans are allocated according to the same payment hierarchy methodology applied to loans that are accruing interest. Loans receivable are charged off at the end of the month following the billing cycle in which the loans receivable become 120 days past due. DAMI extends or declines credit to an applicant through its bank partners based upon the applicant's credit rating and other factors. Below is a summary of the credit quality of the Company's loan portfolio as of March 31, 2019 and December 31, 2018 by Fair Isaac and Company (FICO) score as determined at the time of loan origination: FICO Score Category March 31, 2019 December 31, 2018 600 or Less 4.1 % 3.7 % Between 600 and 700 79.0 % 77.9 % 700 or Greater 16.9 % 18.4 % Prepaid Expenses and Other Assets Prepaid expenses and other assets consist of the following: (In Thousands) March 31, 2019 December 31, 2018 Prepaid Expenses $ 27,467 $ 30,763 Prepaid Insurance 24,072 27,948 Assets Held for Sale 8,974 6,589 Deferred Tax Asset 8,761 8,761 Other Assets 23,207 24,161 Prepaid Expenses and Other Assets $ 92,481 $ 98,222 Assets Held for Sale Certain properties, consisting of parcels of land and commercial buildings, met the held for sale classification criteria as of March 31, 2019 and December 31, 2018 . Assets held for sale are recorded at the lower of their carrying value or fair value less estimated cost to sell and are classified within prepaid expenses and other assets in the condensed consolidated balance sheets. Depreciation is suspended on assets upon classification to held for sale. The carrying amount of the properties held for sale as of March 31, 2019 and December 31, 2018 is $9.0 million and $6.6 million , respectively. The Company estimated the fair values of real estate properties using the market values for similar properties. These properties are considered Level 2 assets as defined below. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consist of the following: (In Thousands) March 31, 2019 December 31, 2018 Accounts Payable $ 71,751 $ 88,369 Accrued Insurance Costs 39,181 40,423 Accrued Salaries and Benefits 45,832 40,790 Accrued Real Estate and Sales Taxes 30,749 30,332 Deferred Rent 1 — 27,270 Other Accrued Expenses and Liabilities 1 59,266 65,969 Accounts Payable and Accrued Expenses $ 246,779 $ 293,153 1 Amounts as of March 31, 2019 were impacted by the January 1, 2019 adoption of ASC 842. Upon transition to ASC 842, the remaining balances of the Company's deferred rent, lease incentives, and closed store reserve were reclassified as a reduction to the operating lease right-of-use asset in the accompanying condensed consolidated balance sheet. Debt At March 31, 2019 , the Company was in compliance with all covenants related to its outstanding debt. See Note 7 to the consolidated financial statements in the 2018 Annual Report for further information regarding the Company's indebtedness. Stockholders' Equity Changes in stockholders' equity for the three months ended March 31, 2019 and 2018 are as follows: Treasury Stock Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total Shareholders’ Equity (In Thousands, Except Per Share) Shares Amount Balance, December 31, 2018 (23,568 ) $ (567,847 ) $ 45,376 $ 278,922 $ 2,005,344 $ (1,087 ) $ 1,760,708 Opening Balance Sheet Adjustment - ASC 842, net of taxes — — — — 2,592 — 2,592 Cash Dividends, $0.035 per share — — — — (2,363 ) — (2,363 ) Stock-Based Compensation — — — 7,050 — — 7,050 Reissued Shares 493 4,264 — (15,245 ) — — (10,981 ) Net Earnings — — — — 56,078 — 56,078 Foreign Currency Translation Adjustment — — — — — 424 424 Balance, March 31, 2019 (23,075 ) $ (563,583 ) $ 45,376 $ 270,727 $ 2,061,651 $ (663 ) $ 1,813,508 Treasury Stock Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total Shareholders’ Equity (In Thousands, Except Per Share) Shares Amount Balance, December 31, 2017 (20,733 ) $ (407,713 ) $ 45,376 $ 270,043 $ 1,819,524 $ 774 $ 1,728,004 Opening Balance Sheet Adjustment - ASC 606, net of taxes — — — — (1,729 ) — (1,729 ) Cash Dividends, $0.03 per share — — — — (2,146 ) — (2,146 ) Stock-Based Compensation — — — 7,862 — — 7,862 Reissued Shares 545 3,441 — (12,602 ) — — (9,161 ) Repurchased Shares (391 ) (18,407 ) — — — — (18,407 ) Net Earnings — — — — 52,246 — 52,246 Foreign Currency Translation Adjustment — — — — — (477 ) (477 ) Balance, March 31, 2018 (20,579 ) $ (422,679 ) $ 45,376 $ 265,303 $ 1,867,895 $ 297 $ 1,756,192 Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value: Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3—Valuations based on unobservable inputs reflecting the Company's own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. The Company measures assets held for sale at fair value on a nonrecurring basis and records impairment charges when they are deemed to be impaired. The Company maintains certain financial assets and liabilities, and fixed-rate long-term debt, that are not measured at fair value but for which fair value is disclosed. The fair values of the Company's other current financial assets and liabilities, including cash and cash equivalents, accounts receivable and accounts payable, approximate their carrying values due to their short-term nature. The fair value for the loans receivable, net of allowances, and the revolving credit borrowings also approximate their carrying amounts. Related Party Transactions Aaron Ventures I, LLC, which we refer to as "Aaron Ventures," was formed in December 2002 for the purpose of acquiring properties from the Company and leasing them back to the Company and is controlled by certain of the Company’s current and former executives. Aaron Ventures purchased a combined total of 21 properties from the Company in 2002 and 2004, and leased the properties back to the Company. As of March 31, 2019 , the Company has two remaining capital leases and four remaining operating leases with Aaron Ventures with lease expiration dates between 2019 and 2026. The two capital leases have aggregate annual rental payments of approximately $0.1 million . The rate of interest implicit in the leases is approximately 9.7% . The land and buildings, associated depreciation expense and lease obligations are recorded in the Company's condensed consolidated financial statements. The four operating leases have aggregate annual rental payments of approximately $0.2 million . Supplemental Disclosure of Noncash Investing Transactions During the three months ended March 31, 2018 , the Company entered into transactions to acquire and sell certain customer agreements and related lease merchandise with third parties which are accounted for as asset acquisitions and asset disposals. The fair value of the non-cash consideration exchanged in these transactions was $0.4 million . In addition, the purchase price for the acquisition of certain franchisees made during the three months ended March 31, 2019 and 2018 included the non-cash settlement of pre-existing accounts receivable the franchisees owed the Company of $0.1 million and $0.2 million , respectively. This non-cash consideration has been excluded from the line "Outflows on Acquisitions of Businesses and Customer Agreements, Net of Cash Acquired" in the investing activities section of the condensed consolidated statements of cash flows for the respective periods. Hurricane Impact During the third and fourth quarters of 2017, Hurricanes Harvey and Irma impacted the Company in the form of: (i) property damages (primarily in-store and on-lease merchandise, store leasehold improvements and furniture and fixtures) and employee assistance payments; (ii) increased customer-related accounts receivable allowances and lease merchandise allowances primarily in the impacted areas; (iii) lost lease revenue due to store closures of Aaron's Business and Progressive Leasing retail partners; and (iv) lost lease revenue due to the postponing of customer payments in the impacted

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS Franchisee Acquisitions - 2018 During 2018, the Company acquired 152 Aaron's-branded franchised stores operated by franchisees for an aggregated purchase price of $189.8 million , exclusive of the settlement of pre-existing receivables and post-closing working capital settlements. The acquired operations generated revenues of $48.9 million and $1.3 million and earnings before income taxes of $3.0 million and $0.1 million during the three months ended March 31, 2019 and 2018 , respectively which are included in our condensed consolidated statements of earnings. The results of the acquired operations were negatively impacted by acquisition-related transaction and transition costs and amortization expense of the various intangible assets recorded from the acquisitions. The revenues and earnings before income taxes of the acquired operations discussed above have not been adjusted for estimated non-retail sales and franchise royalties and fees and related expenses that the Company could have generated as revenue and expenses to the Company from the franchisees during the three months ended March 31, 2019 and 2018 had the transaction not been completed. Acquisition Accounting The 2018 acquisitions are benefiting the Company's omnichannel platform through added scale, strengthening its presence in certain geographic markets, and enhancing operational control, including compliance, and enabling the Company to execute its business transformation initiatives on a broader scale. The following table presents summaries of the preliminary fair value of the assets acquired and liabilities assumed in the franchisee acquisitions as of the respective acquisition dates: (In Thousands) Amounts Recognized as of Acquisition Dates (as of December 31, 2018) 1 Acquisition Accounting Adjustments Amounts Recognized as of Acquisition Dates (as of March 31, 2019) Purchase Price $ 189,826 $ — $ 189,826 Add: Settlement of Pre-existing Relationship 5,405 — 5,405 Less: Working Capital Adjustments 155 — 155 Aggregated Consideration Transferred 195,386 — 195,386 Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed Cash and Cash Equivalents 43 7 50 Lease Merchandise 59,616 — 59,616 Property, Plant and Equipment 5,568 — 5,568 Other Intangibles 2 24,530 (32 ) 24,498 Prepaid Expenses and Other Assets 1,168 38 1,206 Total Identifiable Assets Acquired 90,925 13 90,938 Accounts Payable and Accrued Expenses (852 ) (58 ) (910 ) Customer Deposits and Advance Payments (5,156 ) — (5,156 ) Total Liabilities Assumed (6,008 ) (58 ) (6,066 ) Goodwill 3 110,469 45 110,514 Net Assets Acquired $ 84,917 $ (45 ) $ 84,872 1 As previously reported in Note 2 to the consolidated financial statements in the 2018 Annual Report. 2 Identifiable intangible assets are further disaggregated in the table set forth below. 3 The total goodwill recognized in conjunction with the franchisee acquisitions, all of which is expected to be deductible for tax purposes, has been assigned to the Aaron’s Business reporting unit. The purchase price exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, primarily due to synergies created from the expected future benefits to the Company’s omnichannel platform, implementation of the Company’s operational capabilities, expected inventory supply chain synergies between the Aaron’s Business and Progressive Leasing, and control of the Company’s brand name in new geographic markets. Goodwill also includes certain other intangible assets that do not qualify for separate recognition, such as an assembled workforce. The preliminary acquisition accounting presented above is subject to refinement. The Company is still finalizing the valuation of assumed favorable and unfavorable real estate operating leases based on comparable market terms of similar leases at the acquisition dates and obtaining additional information regarding other assets. The Company expects these items to be finalized prior to the one-year anniversary date of the acquisitions. The estimated intangible assets attributable to the franchisee acquisitions are comprised of the following: Fair Value (in thousands) Weighted Average Life (in years) Non-compete Agreements $ 1,872 3.0 Customer Lease Contracts 7,876 1.0 Customer Relationships 10,087 3.0 Reacquired Franchise Rights 4,663 3.9 Total Acquired Intangible Assets 1 $ 24,498 1 Acquired definite-lived intangible assets have a total weighted average life of 2.5 years. The Company incurred $1.4 million of acquisition-related costs in connection with the franchisee acquisitions, substantially all of which were incurred during 2018. These costs were included in operating expenses in the condensed consolidated statements of earnings. Other Acquisitions In addition to the acquisitions discussed above, the Company acquired the store operations of two franchisees during the three months ended March 31, 2019 . Net cash outflows related to the acquisitions of other Aaron's franchisees, other rent-to-own store businesses, and customer contracts aggregated to $3.5 million and $4.8 million during the three months ended March 31, 2019 and 2018 , respectively. The effect of these acquisitions on the condensed consolidated financial statements for the three months ended March 31, 2019 and 2018 was not significant.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurement	FAIR VALUE MEASUREMENT Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes financial liabilities measured at fair value on a recurring basis: (In Thousands) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Deferred Compensation Liability $ — $ (10,790 ) $ — $ — $ (10,389 ) $ — The Company maintains the Aaron’s, Inc. Deferred Compensation Plan, which is an unfunded, nonqualified deferred compensation plan for a select group of management, highly compensated employees and non-employee directors. The liability is recorded in accounts payable and accrued expenses in the condensed consolidated balance sheets. The liability representing benefits accrued for plan participants is valued at the quoted market prices of the participants’ investment elections, which consist of equity and debt "mirror" funds. As such, the Company has classified the deferred compensation liability as a Level 2 liability. Non-Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The following table summarizes non-financial assets measured at fair value on a nonrecurring basis: (In Thousands) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Held for Sale $ — $ 8,974 $ — $ — $ 6,589 $ — Assets classified as held for sale are recorded at the lower of carrying value or fair value less estimated costs to sell, and any adjustment is recorded in other operating income, net or restructuring expenses, net (if the asset is a part of the Company's restructuring program as described in Note 8) in the condensed consolidated statements of earnings. The highest and best use of the assets held for sale is as real estate land parcels for development or real estate properties for use or lease; however, the Company has chosen not to develop or use these properties. Certain Financial Assets and Liabilities Not Measured at Fair Value The following table summarizes the fair value of liabilities that are not measured at fair value in the condensed consolidated balance sheets, but for which the fair value is disclosed: (In Thousands) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Fixed-Rate Long-Term Debt 1 — (184,835 ) — — (183,765 ) — 1 The fair value of fixed-rate long-term debt is estimated using the present value of underlying cash flows discounted at a current market yield for similar instruments. The carrying amount of fixed-rate long-term debt was $180.0 million at March 31, 2019 and December 31, 2018 , respectively.

Loans Receivable

Loans Receivable	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans Receivable	LOANS RECEIVABLE The following is a summary of the Company’s loans receivable, net: (In Thousands) March 31, 2019 December 31, 2018 Credit Card Loans 1 $ 87,768 $ 90,406 Acquired Loans 2 3,721 5,688 Loans Receivable, Gross 91,489 96,094 Allowance for Loan Losses (12,363 ) (12,970 ) Unamortized Fees (6,562 ) (6,971 ) Loans Receivable, Net of Allowances and Unamortized Fees $ 72,564 $ 76,153 1 "Credit Card Loans" are loans originated after the 2015 acquisition of DAMI. 2 "Acquired Loans" are credit card loans the Company purchased in the 2015 acquisition of DAMI. Included in the table below is an aging of the loans receivable, gross balance: (Dollar Amounts in Thousands) Aging Category 1 March 31, 2019 December 31, 2018 30-59 days past due 6.3 % 6.9 % 60-89 days past due 3.1 % 3.4 % 90 or more days past due 4.1 % 4.3 % Past due loans receivable 13.5 % 14.6 % Current loans receivable 86.5 % 85.4 % Balance of Credit Card Loans on Nonaccrual Status $ 1,954 $ 2,110 Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees $ — $ — 1 This aging is based on the contractual amounts outstanding for each loan as of period end, and does not reflect the fair value adjustments for the Acquired Loans. The table below presents the components of the allowance for loan losses: Three Months Ended (In Thousands) March 31, 2019 March 31, 2018 Beginning Balance $ 12,970 $ 11,454 Provision for Loan Losses 4,255 4,492 Charge-offs (5,484 ) (5,619 ) Recoveries 622 372 Ending Balance $ 12,363 $ 10,699

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	LEASES Lessor Information Refer to Note 1 to these condensed consolidated financial statements for further information about the Company's revenue generating activities as a lessor. 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. Lessee Information As a lessee, the Company leases retail store and warehouse space for most of its Aaron's Business store-based operations, call center space and hubs for its Progressive Leasing segment, and management and information technology space for corporate functions under operating leases expiring at various times through 2033. To the extent that a leased retail store or warehouse space is vacated prior to the termination of the lease, the Company may sublease these spaces to third parties while maintaining its primary obligation as the intermediate lessor. The Company leases transportation vehicles under operating and finance leases, most of which generally expire during the next three years. The transportation leases generally include a residual value that is guaranteed to the lessor, which ensures that the vehicles will be returned to the lessor in reasonable working condition. The Company also leases various IT equipment such as printers and computers under operating leases, most of which generally expire during the next three years. For all of its leases in which the Company is a lessee, the Company has elected to include both the lease and non-lease components as a single component and account for it as a lease. Finance lease costs are comprised of the amortization of right-of-use assets and interest on lease liabilities, which are recorded within operating expenses and interest expense, respectively, in the Company’s condensed consolidated statements of earnings. Operating lease costs are recorded on a straight-line basis within operating expenses or restructuring expenses, net (if the lease costs are related to the Company's restructuring programs as described in Note 8) in the Company’s condensed consolidated statements of earnings. The Company’s total lease expense is comprised of the following: Three Months Ended (In Thousands) March 31, 2019 Finance Lease Cost: Amortization of Right-of-Use Assets $ 465 Interest on Lease Liabilities 114 Total Finance Lease Cost: 579 Operating Lease Cost: Operating Lease Cost Classified within Operating Expenses 1 29,213 Operating Lease Cost Classified within Restructuring Expenses, Net 804 Sublease Receipts (732 ) Total Operating Lease Cost: 29,285 Total Lease Cost $ 29,864 1 Includes short-term and variable lease costs, which are not significant. Additional information regarding the Company’s leasing activities as a lessee is as follows: Three Months Ended (In Thousands) March 31, 2019 Cash Paid for Amounts Included in Measurement of Lease Liabilities: Operating Cash Flows for Finance Leases $ 113 Operating Cash Flows for Operating Leases 31,643 Financing Cash Flows for Finance Leases 574 Total Cash Paid for Amounts Included in Measurement of Lease Liabilities 32,330 Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities — Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities $ 6,587 Supplemental balance sheet information related to leases is as follows: (In Thousands) Balance Sheet Classification March 31, 2019 Assets Operating Lease Assets Operating Lease Right-of-Use Assets $ 370,282 Finance Lease Assets Property, Plant and Equipment, Net 2,578 Total Lease Assets $ 372,860 Liabilities Operating Lease Liabilities Operating Lease Liabilities $ 406,559 Finance Lease Liabilities Debt 4,590 Total Lease Liabilities $ 411,149 Most of the Company’s real estate leases contain renewal options for additional periods ranging from one to 20 years or provide for options to purchase the related property at predetermined purchase prices that do not represent bargain purchase options. The Company currently does not have any real estate leases in which it considers the renewal options to be reasonably certain of exercise, as the Company's historical experience indicates that renewal options are not reasonably certain to be exercised, as well as contractual renewal rental rates that are considered to be in line with market rental rates and lack of significant economic penalties or business disruptions incurred by not exercising any renewal options. The Company uses its incremental borrowing rate as the discount rate for its leases, as the implicit rate in the lease is not readily determinable. Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s finance and operating leases: Weighted Average Discount Rate 1 Weighted Average Remaining Lease Term (in years) Finance Leases 6.0 % 2 Operating Leases 3.6 % 5 1 Upon adoption of ASC 842, discount rates for existing operating leases were established as of January 1, 2019. Under the short-term lease exception provided within ASC 842, the Company does not record a lease liability or right-of-use asset for any leases that have a lease term of 12 months or less at commencement, including renewal options that the Company is reasonably certain to exercise, and do not include purchase options. Below is a summary of undiscounted finance and operating lease liabilities that have initial terms in excess of one year as of March 31, 2019. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the condensed consolidated balance sheet. (In Thousands) Operating Leases Finance Leases Total 2019 $ 89,172 $ 2,407 $ 91,579 2020 104,166 2,028 106,194 2021 81,568 772 82,340 2022 61,345 74 61,419 2023 40,967 — 40,967 Thereafter 75,891 — 75,891 Total Undiscounted Cash Flows 453,109 5,281 458,390 Less: Interest 46,550 691 47,241 Present Value of Lease Liabilities $ 406,559 $ 4,590 $ 411,149
Leases	LEASES Lessor Information Refer to Note 1 to these condensed consolidated financial statements for further information about the Company's revenue generating activities as a lessor. 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. Lessee Information As a lessee, the Company leases retail store and warehouse space for most of its Aaron's Business store-based operations, call center space and hubs for its Progressive Leasing segment, and management and information technology space for corporate functions under operating leases expiring at various times through 2033. To the extent that a leased retail store or warehouse space is vacated prior to the termination of the lease, the Company may sublease these spaces to third parties while maintaining its primary obligation as the intermediate lessor. The Company leases transportation vehicles under operating and finance leases, most of which generally expire during the next three years. The transportation leases generally include a residual value that is guaranteed to the lessor, which ensures that the vehicles will be returned to the lessor in reasonable working condition. The Company also leases various IT equipment such as printers and computers under operating leases, most of which generally expire during the next three years. For all of its leases in which the Company is a lessee, the Company has elected to include both the lease and non-lease components as a single component and account for it as a lease. Finance lease costs are comprised of the amortization of right-of-use assets and interest on lease liabilities, which are recorded within operating expenses and interest expense, respectively, in the Company’s condensed consolidated statements of earnings. Operating lease costs are recorded on a straight-line basis within operating expenses or restructuring expenses, net (if the lease costs are related to the Company's restructuring programs as described in Note 8) in the Company’s condensed consolidated statements of earnings. The Company’s total lease expense is comprised of the following: Three Months Ended (In Thousands) March 31, 2019 Finance Lease Cost: Amortization of Right-of-Use Assets $ 465 Interest on Lease Liabilities 114 Total Finance Lease Cost: 579 Operating Lease Cost: Operating Lease Cost Classified within Operating Expenses 1 29,213 Operating Lease Cost Classified within Restructuring Expenses, Net 804 Sublease Receipts (732 ) Total Operating Lease Cost: 29,285 Total Lease Cost $ 29,864 1 Includes short-term and variable lease costs, which are not significant. Additional information regarding the Company’s leasing activities as a lessee is as follows: Three Months Ended (In Thousands) March 31, 2019 Cash Paid for Amounts Included in Measurement of Lease Liabilities: Operating Cash Flows for Finance Leases $ 113 Operating Cash Flows for Operating Leases 31,643 Financing Cash Flows for Finance Leases 574 Total Cash Paid for Amounts Included in Measurement of Lease Liabilities 32,330 Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities — Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities $ 6,587 Supplemental balance sheet information related to leases is as follows: (In Thousands) Balance Sheet Classification March 31, 2019 Assets Operating Lease Assets Operating Lease Right-of-Use Assets $ 370,282 Finance Lease Assets Property, Plant and Equipment, Net 2,578 Total Lease Assets $ 372,860 Liabilities Operating Lease Liabilities Operating Lease Liabilities $ 406,559 Finance Lease Liabilities Debt 4,590 Total Lease Liabilities $ 411,149 Most of the Company’s real estate leases contain renewal options for additional periods ranging from one to 20 years or provide for options to purchase the related property at predetermined purchase prices that do not represent bargain purchase options. The Company currently does not have any real estate leases in which it considers the renewal options to be reasonably certain of exercise, as the Company's historical experience indicates that renewal options are not reasonably certain to be exercised, as well as contractual renewal rental rates that are considered to be in line with market rental rates and lack of significant economic penalties or business disruptions incurred by not exercising any renewal options. The Company uses its incremental borrowing rate as the discount rate for its leases, as the implicit rate in the lease is not readily determinable. Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s finance and operating leases: Weighted Average Discount Rate 1 Weighted Average Remaining Lease Term (in years) Finance Leases 6.0 % 2 Operating Leases 3.6 % 5 1 Upon adoption of ASC 842, discount rates for existing operating leases were established as of January 1, 2019. Under the short-term lease exception provided within ASC 842, the Company does not record a lease liability or right-of-use asset for any leases that have a lease term of 12 months or less at commencement, including renewal options that the Company is reasonably certain to exercise, and do not include purchase options. Below is a summary of undiscounted finance and operating lease liabilities that have initial terms in excess of one year as of March 31, 2019. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the condensed consolidated balance sheet. (In Thousands) Operating Leases Finance Leases Total 2019 $ 89,172 $ 2,407 $ 91,579 2020 104,166 2,028 106,194 2021 81,568 772 82,340 2022 61,345 74 61,419 2023 40,967 — 40,967 Thereafter 75,891 — 75,891 Total Undiscounted Cash Flows 453,109 5,281 458,390 Less: Interest 46,550 691 47,241 Present Value of Lease Liabilities $ 406,559 $ 4,590 $ 411,149

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Guarantees The Company has guaranteed certain debt obligations of some of the franchisees under a franchisee loan program with several banks. In the event these franchisees are unable to meet their debt service payments or otherwise experience an event of default, the Company would be unconditionally liable for the outstanding balance of the franchisees’ debt obligations under the franchisee loan program, which would be due in full within 90 days of the event of default. At March 31, 2019 , the maximum amount that the Company would be obligated to repay in the event franchisees defaulted was $36.8 million . The Company has recourse rights to franchisee assets securing the debt obligations, which consist primarily of lease merchandise and fixed assets. Since the inception of the franchisee loan program in 1994, the Company has had no significant associated losses. The Company believes the likelihood of any significant amounts being funded by the Company in connection with these guarantees to be remote. The carrying amount of the franchisee-related borrowings guarantee, which is included in accounts payable and accrued expenses in the condensed consolidated balance sheets, is $0.1 million and $0.3 million as of March 31, 2019 and December 31, 2018 . The maximum facility commitment amount under the franchisee loan program was $55.0 million at March 31, 2019 , including a Canadian subfacility commitment amount for loans to franchisees that operate stores in Canada (other than the province of Quebec) of CAD $25.0 million . The Company is subject to financial covenants under the franchisee loan program that are consistent with the Revolving Credit and Term Loan Agreement, which are more fully described in Note 7 to the consolidated financial statements in the 2018 Annual Report. The Company is in compliance with all covenants at March 31, 2019 and believes it will continue to be in compliance in the future. Legal and Regulatory Proceedings From time to time, the Company is party to various legal and regulatory proceedings arising in the ordinary course of business. Some of the proceedings to which the Company is currently a party are described below. The Company believes it has meritorious defenses to all of the claims described below, and intends to vigorously defend against the claims. However, these proceedings are still developing and due to the inherent uncertainty in litigation, regulatory and similar adversarial proceedings, there can be no guarantee that the Company will ultimately be successful in these proceedings, or in others to which it is currently a party. Substantial losses from these proceedings or the costs of defending them could have a material adverse impact upon the Company's business, financial position and results of operations. The Company establishes an accrued liability for legal and regulatory proceedings when it determines that a loss is both probable and the amount of the loss can be reasonably estimated. The Company continually monitors its litigation and regulatory exposure and reviews the adequacy of its legal and regulatory reserves on a quarterly basis. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be higher or lower than the amounts accrued for such matters. At March 31, 2019 and December 31, 2018 , the Company had accrued $1.7 million and $1.4 million , respectively, for pending legal and regulatory matters for which it believes losses are probable and is the Company's best estimate of its exposure to loss. The Company records these liabilities in accounts payable and accrued expenses in the condensed consolidated balance sheets. The Company estimated that the aggregate range of reasonably possible loss in excess of accrued liabilities for such probable loss contingencies is between $0 and $1.0 million . At March 31, 2019 , the Company estimated that the aggregate range of loss for all material pending legal and regulatory proceedings for which a loss is reasonably possible, but less likely than probable (i.e., excluding the contingencies described in the preceding paragraph), is between $2.6 million and $5.2 million . Those matters for which a reasonable estimate is not possible are not included within estimated ranges and, therefore, the estimated ranges do not represent the Company's maximum loss exposure. The Company’s estimates for legal and regulatory accruals, aggregate probable loss amounts and reasonably possible loss amounts are all subject to the uncertainties and variables described above. Privacy and Related Matters In Crystal and Brian Byrd v. Aaron's, Inc., Aspen Way Enterprises, Inc., John Does (1-100) Aaron's Franchisees and Designerware, LLC, filed on May 16, 2011, in the United States District Court, Western District of Pennsylvania, plaintiffs allege the Company and its independently owned and operated franchisee Aspen Way Enterprises ("Aspen Way") knowingly violated plaintiffs' privacy in violation of the Electronic Communications Privacy Act ("ECPA") and the Computer Fraud Abuse Act and sought certification of a putative nationwide class. Plaintiffs based these claims on Aspen Way's use of a software program called "PC Rental Agent." Plaintiffs filed an amended complaint, asserting claims under the ECPA, common law invasion of privacy, seeking an injunction, and naming additional independently owned and operated Company franchisees as defendants. Plaintiffs seek monetary damages as well as injunctive relief. In March 2014, the United States District Court dismissed all claims against all franchisees other than Aspen Way Enterprises, LLC, dismissed claims for invasion of privacy, aiding and abetting, and conspiracy against all defendants, and denied plaintiffs’ motion to certify a class action, but denied the Company’s motion to dismiss the claims alleging ECPA violations. Following an appeal of the decision to deny class certification, the matter was sent back to the District Court and, on September 26, 2017, the District Court denied plaintiffs' motion for class certification. A petition with the United States Court of Appeals for permission to appeal the denial of class certification a second time was denied on December 11, 2018. The case is now proceeding for determination on an individual basis as to the named plaintiffs. In Michael Winslow and Fonda Winslow v. Sultan Financial Corporation, Aaron's, Inc., John Does (1-10), Aaron's Franchisees and Designerware, LLC , filed on March 5, 2013 in the Los Angeles Superior Court, plaintiffs assert claims against the Company and its independently owned and operated franchisee, Sultan Financial Corporation (as well as certain John Doe franchisees), for unauthorized wiretapping, eavesdropping, electronic stalking, and violation of California's Comprehensive Computer Data Access and Fraud Act and its Unfair Competition Law. Each of these claims arises out of the alleged use of PC Rental Agent software. The plaintiffs are seeking injunctive relief and damages as well as certification of a putative California class. In April 2013, the Company removed this matter to federal court. In May 2013, the Company filed a motion to stay this litigation pending resolution of the Byrd litigation, a motion to dismiss for failure to state a claim, and a motion to strike certain allegations in the complaint. The Court subsequently stayed the case. The Company's motions to dismiss and strike certain allegations remain pending. In June 2015, the plaintiffs filed a motion to lift the stay, which was denied in July 2015. In Lomi Price v. Aaron's, Inc. and NW Freedom Corporation , filed on February 27, 2013, in the State Court of Fulton County, Georgia, an individual plaintiff asserts claims against the Company and its independently owned and operated franchisee, NW Freedom Corporation, for invasion of privacy/intrusion on seclusion, computer invasion of privacy and infliction of emotional distress. Each of these claims arises out of the alleged use of PC Rental Agent software. The plaintiff is seeking compensatory and punitive damages. This case has been stayed pending resolution of the Byrd litigation. Regulatory Inquiries In July 2018, the Company received civil investigative demands ("CIDs") from the Federal Trade Commission (the "FTC") regarding disclosures related to financial products offered by the Company through the Aaron’s Business and Progressive Leasing and whether such disclosures violate the Federal Trade Commission Act (the “FTC Act”). Although we believe we are in compliance with the FTC Act, these inquiries could lead to an enforcement action and/or a consent order, and substantial costs, including legal fees, fines, penalties, and remediation expenses. The Company submitted a significant amount of documentation from both the Aaron’s Business and Progressive Leasing in October 2018 and continues to work with the FTC as its inquiry proceeds. In April 2019, the Aaron’s Business, along with other rent-to-own companies, received an unrelated CID from the FTC focused on certain transactions involving the purchase and sale of customer lease agreements, and whether such transactions violated the FTC Act. Although we believe such transactions were in compliance with the FTC Act, this inquiry could lead to an enforcement action and/or a consent order, and substantial costs. The Company is fully cooperating with the FTC in responding to this inquiry. Other Contingencies The Company is a party to various claims and legal proceedings arising in the ordinary course of business. Management regularly assesses the Company’s insurance deductibles, monitors the Company's litigation and regulatory exposure with the Company's attorneys and evaluates its loss experience. The Company also enters into various contracts in the normal course of business that may subject it to risk of financial loss if counterparties fail to perform their contractual obligations. Off-Balance Sheet Risk The Company, through its DAMI business, had unfunded lending commitments totaling $316.0 million and $316.4 million as of March 31, 2019 and December 31, 2018 , respectively. These unfunded commitments arise in the ordinary course of business from credit card agreements with individual cardholders that give them the ability to borrow, against unused amounts, up to the maximum credit limit assigned to their account. While these unfunded amounts represent the total available unused lines of credit, the Company does not anticipate that all cardholders will utilize their entire available line at any given point in time. Commitments to extend unsecured credit are agreements to lend to a cardholder so long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The reserve for losses on unfunded loan commitments is calculated by the Company based on historical usage patterns of cardholders after the initial charge and was approximately $0.6 million and $0.5 million as of March 31, 2019 and December 31, 2018 , respectively. The reserve for losses on unfunded loan commitments is included in accounts payable and accrued expenses in the condensed consolidated balance sheets. See Note 9 to the consolidated financial statements in the 2018 Annual Report for further information.

Segments

Segments	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segments	SEGMENTS As of March 31, 2019 , the Company has three operating and reportable segments: Progressive Leasing, Aaron's Business and DAMI. Progressive Leasing is a leading virtual lease-to-own company that provides lease-purchase solutions on a variety of products, including furniture and bedding, automobile electronics and accessories, mobile phones and accessories, jewelry, consumer electronics and appliances. The Aaron's Business offers furniture, consumer electronics, home appliances and accessories to consumers primarily with a month-to-month, lease-to-own agreement with no credit needed through the Company's Aaron's-branded stores in the United States and Canada and e-commerce platform. This operating segment also supports franchisees of its Aaron's stores. In addition, the Aaron's Business segment includes the operations of Woodhaven, which manufactures and supplies the majority of the upholstered furniture and bedding leased and sold in Company-operated and franchised stores. DAMI offers a variety of second-look financing programs originated through two third-party federally insured banks to customers of participating merchants and, together with Progressive Leasing, allows the Company to provide retail partners with below-prime customers one source for financing and leasing transactions. Disaggregated Revenue The following table presents revenue by source and by segment for the three months ended March 31, 2019 : Three Months Ended March 31, 2019 (In Thousands) Progressive Leasing Aaron's Business DAMI Total Lease Revenues and Fees 1 $ 523,401 $ 420,756 $ — $ 944,157 Retail Sales 2 — 12,809 — 12,809 Non-Retail Sales 2 — 36,981 — 36,981 Franchise Royalties and Fees 2 — 9,207 — 9,207 Interest and Fees on Loans Receivable 3 — — 8,646 8,646 Other — 303 — 303 Total $ 523,401 $ 480,056 $ 8,646 $ 1,012,103 1 Substantially all lease revenues and fees are within the scope of ASC 842, Leases . The Company had $7.9 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers. 2 Revenue within the scope of ASC 606, Revenue from Contracts with Customers . Of the Franchise Royalties and Fees, $7.0 million is related to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. The remaining revenue is primarily related to fees collected for pre-opening services, which are being deferred and recognized as revenue over the agreement term, and advertising fees charged to franchisees. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise. 3 Revenue within the scope of ASC 310, Credit Card Interest & Fees . The following table presents revenue by source and by segment for the three months ended March 31, 2018 : Three Months Ended March 31, 2018 (In Thousands) Progressive Leasing Aaron's Business DAMI Total Lease Revenues and Fees 1 $ 486,517 $ 383,550 $ — $ 870,067 Retail Sales 2 — 8,516 — 8,516 Non-Retail Sales 2 — 53,230 — 53,230 Franchise Royalties and Fees 2 — 12,862 — 12,862 Interest and Fees on Loans Receivable 3 — — 9,542 9,542 Other — 592 — 592 Total $ 486,517 $ 458,750 $ 9,542 $ 954,809 1 Substantially all lease revenues and fees are within the scope of ASC 842, Leases . The Company had $5.0 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers. 2 Revenue within the scope of ASC 606, Revenue from Contracts with Customers . Of the Franchise Royalties and Fees, $10.2 million is related to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. The remaining revenue is primarily related to fees collected for pre-opening services, which are being deferred and recognized as revenue over the agreement term, and advertising fees charged to franchisees. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise. 3 Revenue within the scope of ASC 310, Credit Card Interest & Fees . Measurement of Segment Profit or Loss and Segment Assets The Company evaluates performance and allocates resources based on revenue growth and pre-tax profit or loss from operations. Intersegment sales are completed at internally negotiated amounts. Since the intersegment profit affects inventory valuation, depreciation and cost of goods sold are adjusted when intersegment profit is eliminated in consolidation. The Company determines earnings (loss) before income taxes for all reportable segments in accordance with U.S. GAAP. Interest expense is allocated to the Progressive Leasing and DAMI segments based on a percentage of the outstanding balances of their intercompany borrowings and of the debt incurred when they were acquired. The following is a summary of earnings (loss) before income taxes by segment: Three Months Ended (In Thousands) 2019 2018 Earnings (Loss) Before Income Taxes: Progressive Leasing $ 55,388 $ 34,979 Aaron's Business 1 17,588 33,079 DAMI (2,668 ) (1,306 ) Total Earnings Before Income Taxes $ 70,308 $ 66,752 1 Earnings before income taxes for the Aaron's Business during the three months ended March 31, 2019 includes restructuring charges of $13.3 million related to closed store right-of-use asset impairment and operating lease charges, the write-off and impairment of store property, plant and equipment and related workforce reductions, and other impairment charges in connection with the Company's strategic decision to close 84 Company-operated stores. Earnings before income taxes for the Aaron's Business during the three months ended March 31, 2018 includes net restructuring charges of $0.9 million related to store contractual lease obligations and severance costs, partially offset by gains recognized from the sale of the associated properties of stores closed under the restructuring program. The following is a summary of total assets by segment and shared corporate-related assets. (In Thousands) March 31, December 31, Assets: Progressive Leasing $ 1,106,668 $ 1,088,227 Aaron's Business 1 1,774,858 1,483,102 DAMI 89,533 95,341 Other 2 266,907 160,022 Total Assets $ 3,237,966 $ 2,826,692 1 Includes inventory (principally raw materials and work-in-process) that has been classified within lease merchandise in the condensed consolidated balance sheets of $14.5 million and $15.2 million as of March 31, 2019 and December 31, 2018 , respectively. 2 Corporate-related assets that benefit multiple segments are reported as other assets.

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring	RESTRUCTURING 2019 Restructuring Programs During the three months ended March 31, 2019 , the Company initiated a restructuring program to further align its Company-operated Aaron's store base portfolio with marketplace demand. The program resulted in the closure and consolidation of 84 underperforming Company operated stores throughout the three months of 2019. The Company also further rationalized its home office and field support staff, which resulted in a reduction in employee headcount in those areas to more closely align with current business conditions. Total net restructuring expenses of $12.9 million were recorded for the three months ended March 31, 2019 under the 2019 restructuring program, all of which were incurred within the Aaron's Business segment. Restructuring activity for the three months ended March 31, 2019 was comprised of closed store operating lease right-of-use asset impairment and operating lease charges, the write-off and impairment of store property, plant and equipment and related workforce reductions, and other impairment charges. These costs were included in restructuring expenses, net in the condensed consolidated statements of earnings. The Company does not expect to incur material additional restructuring charges for this program. 2017 and 2016 Restructuring Programs During the years ended December 31, 2017 and 2016, the Company initiated restructuring programs to rationalize its Company-operated Aaron's store base portfolio to better align with marketplace demand. The programs resulted in the closure and consolidation of 139 underperforming Company operated stores throughout 2016, 2017, and 2018. The Company also optimized its home office staff and field support, which resulted in a reduction in employee headcount in those areas to more closely align with current business conditions. Total net restructuring expenses of $0.4 million and $0.9 million were recorded for the three months ended March 31, 2019 and 2018 under the 2017 and 2016 restructuring programs, all of which were incurred within the Aaron's Business segment. Restructuring activity for the three months ended March 31, 2019 was comprised principally of operating lease charges for stores closed under the restructuring program. These costs were included in restructuring expenses, net in the condensed consolidated statements of earnings. The Company does not expect to incur any further material charges under the 2017 and 2016 restructuring programs. However, this estimate is subject to change based on future sublease activity and potential earlier buyouts of leases with landlords. The following table summarizes restructuring charges for the three months ended March 31, 2019 and 2018 , respectively, under the three programs: Three Months Ended March 31, (In Thousands) 2019 2018 Right-of-Use Asset Impairment and Operating Lease Charges $ 9,522 $ 719 Fixed Asset Impairment 1,497 — Severance 1,136 514 Other Expenses 1,126 — Gain on Sale of Closed Store Properties — (327 ) Total Restructuring Expenses $ 13,281 $ 906 To date, the Company has incurred charges of $39.7 million under the 2016 and 2017 restructuring programs. The following table summarizes the balances of the accruals for the restructuring programs, which are recorded in accounts payable and accrued expenses in the condensed consolidated balance sheets, and the activity for the three months ended March 31, 2019 : (In Thousands) Contractual Lease Obligations Severance Balance at January 1, 2019 $ 8,472 $ 651 ASC 842 Transition Adjustment 1 (8,472 ) — Adjusted Balance at January 1, 2019 — 651 Restructuring Charges — 1,136 Payments — (1,033 ) Balance at March 31, 2019 $ — $ 754 1 Upon the adoption of ASC 842 on January 1, 2019, the Company reclassified the remaining liability for contractual lease obligations from accounts payable and accrued expenses to a reduction to operating lease right-of-use assets within its condensed consolidated balance sheets.

Basis and Summary of Signific_2

Basis and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Description of Business	Description of Business Aaron's, Inc. (the "Company") is a leading omnichannel provider of lease-purchase solutions. As of March 31, 2019 , the Company's operating segments are Progressive Leasing, Aaron's Business and DAMI. Progressive Leasing is a virtual lease-to-own company that provides lease-purchase solutions in 46 states and the District of Columbia. It does so by purchasing merchandise from third-party retailers desired by those retailers' customers and, in turn, leasing that merchandise to the customers through a lease-to-own transaction. Progressive Leasing consequently has no stores of its own, but rather offers lease-purchase solutions to the customers of traditional and e-commerce retailers.
Basis of Presentation	Basis of Presentation The preparation of the Company's condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information requires management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Actual results could differ from those estimates. Generally, actual experience has been consistent with management's prior estimates and assumptions. Management does not believe these estimates or assumptions will change significantly in the future absent unidentified and unforeseen events. The accompanying unaudited condensed consolidated financial statements do not include all information required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included in the accompanying unaudited condensed consolidated financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 (the " 2018 Annual Report") filed with the U.S. Securities and Exchange Commission on February 14, 2019. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of operating results for the full year.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of Aaron's, Inc. and its subsidiaries, each of which is wholly owned. Intercompany balances and transactions between consolidated entities have been eliminated.
Accounting Policies and Estimates	Accounting Policies and Estimates See Note 1 to the consolidated financial statements in the 2018 Annual Report.
Earnings Per Share	Earnings Per Share Earnings per share is computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. The computation of earnings per share assuming dilution includes the dilutive effect of stock options, restricted stock units ("RSUs"), restricted stock awards ("RSAs") and performance share units ("PSUs") (collectively, "share-based awards") as determined under the treasury stock method.
Revenue Recognition	Revenue Recognition Lease Revenues and Fees The Company provides merchandise, consisting primarily of furniture, consumer electronics, home appliances and accessories, to its customers for lease under certain terms agreed to by the customer. The Company's Progressive Leasing segment offers virtual lease-purchase solutions, typically over 12 months , to the customers of traditional and e-commerce retailers. The Company's Aaron's-branded stores and its e-commerce platform offer leases with month-to-month terms that can be renewed up to 12 , 18 or 24 months . The Company does not require deposits upon inception of customer agreements. The customer has the right to acquire ownership either through a purchase option or through payment of all required lease payments. Progressive lease revenues are earned prior to the lease payment due date and are recorded net of related sales taxes as earned. Revenue recorded prior to the payment due date results in unbilled accounts receivable in the accompanying condensed consolidated balance sheets. Beginning January 1, 2019, Progressive lease revenues are recorded net of a provision for returns and uncollectible renewal payments. Aaron's Business lease revenues are recognized as revenue net of related sales taxes in the month they are earned. Lease payments received prior to the month earned are recorded as deferred lease revenue, and this amount is included in customer deposits and advance payments in the accompanying condensed consolidated balance sheets. Aaron's Business lease revenues are recorded net of a provision for returns and uncollectible renewal payments. All of the Company's customer agreements are considered operating leases. The Company maintains ownership of the lease merchandise until all payment obligations are satisfied under sales and lease ownership agreements. Initial direct costs related to Progressive Leasing's lease purchase agreements are capitalized as incurred and amortized as operating expense over the estimated lease term. The capitalized costs have been classified within prepaid expenses and other assets in the accompanying condensed consolidated balance sheets. Initial direct costs related to Aaron's Business customer agreements are expensed as incurred and have been classified as operating expenses in the Company's condensed consolidated statements of earnings. The statement of earnings effects of expensing the initial direct costs of the Aaron's Business as incurred are not materially different from amortizing initial direct costs over the lease term. Retail and Non-Retail Sales Revenues from the retail sale of merchandise to customers are recognized at the point of sale. Revenues for the non-retail sale of merchandise to franchisees are recognized when control transfers to the franchisee, which is upon delivery of the merchandise. Substantially all of the amounts reported as non-retail sales and non-retail cost of sales in the accompanying condensed consolidated statements of earnings relate to the sale of lease merchandise to franchisees. The Company classifies the sale of merchandise to other customers as retail sales in the condensed consolidated statements of earnings. Franchise Royalties and Fees The Company has no current plans to franchise additional Aaron's stores. Current franchisees pay an ongoing royalty of 6% of the weekly cash revenue collections, which is recognized as the fees become due. The Company received a non-refundable initial franchise fee from current franchisees from $15,000 to $50,000 per store depending upon market size. Franchise fees and area development fees were generated from the sale of rights to develop, own and operate sales and lease ownership stores and pre-opening services provided by Aaron's to assist in the start-up operations of the stores. The Company considers the rights to the intellectual property and the pre-opening services to be a single performance obligation, resulting in the recognition of revenue ratably over time from the store opening date throughout the remainder of the franchise agreement term. The Company believes that this period of time is most representative of the time period in which the franchisee realizes the benefits of having the right to access the Company's intellectual property. The Company guarantees certain debt obligations of some of the franchisees and receives guarantee fees based on the outstanding debt obligations of such franchisees. Refer to Note 6 of these condensed consolidated financial statements for additional discussion of the Company's franchise-related guarantee obligation. The Company also charges fees for advertising efforts that benefit the franchisees. Such fees are recognized at the time the advertising takes place and are presented as franchise royalties and fees in the Company's condensed consolidated statements of earnings. Initial direct costs related to the pre-opening services provided to franchisees are immaterial and are expensed as incurred. These expenses have been classified as operating expenses in the Company's condensed consolidated statements of earnings.
Interest and Fees on Loans Receivable	Interest and Fees on Loans Receivable DAMI extends or declines credit to an applicant through its bank partners based upon the applicant's credit rating and other factors. Qualifying applicants receive a credit card to finance their initial purchase and to use in subsequent purchases at the merchant or other participating merchants for an initial 24 -month period, which DAMI may renew if the cardholder remains in good standing. DAMI acquires the loan receivable from merchants through its third-party bank partners at a discount from the face value of the loan. The discount is comprised of a merchant fee discount and a promotional fee discount, if applicable. The merchant fee discount represents a pre-negotiated, nonrefundable discount that generally ranges from 3% to 25% of the loan face value. The discount is designed to cover the risk of loss related to the portfolio of cardholder charges and DAMI's direct origination costs. The merchant fee discount and origination costs are presented net on the condensed consolidated balance sheet in loans receivable. Cardholders generally have an initial 24 -month period that the card is active. The merchant fee discount, net of the origination costs, is amortized on a net basis and is recorded as interest and fee revenue on loans receivable in the condensed consolidated statements of earnings on a straight-line basis over the initial 24 -month period. The discount from the face value of the loan on the acquisition of the loan receivable from the merchant through the third-party bank partners may also include a promotional fee discount, which generally ranges from 1% to 8% . The promotional fee discount is intended to compensate the holder of the loan receivable (i.e. DAMI) for deferred or reduced interest rates that are offered to the cardholder for a specified period on the outstanding loan balance (generally for six , 12 or 18 months ). The promotional fee discount is amortized as interest and fee revenue on loans receivable in the condensed consolidated statements of earnings on a straight-line basis over the promotional interest period (i.e., over six , 12 or 18 months , depending on the promotion). The unamortized promotional fee discount is netted on the condensed consolidated balance sheet in loans receivable. The customer is typically required to make periodic minimum payments of at least 3.5% of the outstanding loan balance, which includes outstanding interest. Fixed and variable interest rates, typically 25% to 35.99% , are compounded daily for cards that do not qualify for deferred or reduced interest promotional periods. Interest income, which is recognized based upon the amount of the loans outstanding, is recognized as interest and fees on loans receivable in the billing period in which they are assessed if collectability is reasonably assured. For credit cards that provide for deferred or reduced interest, if the balance is not paid off during the promotional period, interest is billed to the customers at standard rates and the cumulative amount owed is charged to the cardholder account in the month that the promotional period expires or defaults. The Company recognizes interest revenue during the promotional period based on its historical experience related to cardholders that fail to pay off balances during the promotional period. Annual fees are charged to cardholders at the commencement of the loan and on each subsequent anniversary date. Annual fees are deferred and recognized into revenue on a straight-line basis over a one-year period. Under the provisions of the credit card agreements, the Company also may assess fees for service calls or for missed or late payments, which are recognized as revenue in the billing period in which they are assessed if collectability is reasonably assured. Annual fees and other fees discussed are recognized as interest and fee revenue on loans receivable in the condensed consolidated statements of earnings.
Accounts Receivable	The Company maintains an accounts receivable allowance, which primarily relates to its Progressive Leasing operations and the Aaron's Business operations. The Company’s policy for its Progressive Leasing segment is to record an allowance for returns and uncollectible renewal payments based on historical collection experience. During 2019, the Company adopted ASU 2016-02, Leases ("ASC 842") which resulted in the Progressive Leasing provision for returns and uncollectible renewal payments being recorded as a reduction of lease revenue and fees within the condensed consolidated statements of earnings beginning January 1, 2019. The provision for returns and uncollectible renewal payments for periods prior to 2019 are reported herein as bad debt expense within operating expenses in the condensed consolidated statement of earnings. The Progressive Leasing segment writes off lease receivables that are 120 days or more contractually past due. For the Aaron's Business operations, contractually required lease payments are accrued when due. The Aaron's Business policy is to record a provision for returns and uncollectible contractually due renewal payments based on historical collection experience, which is recognized as a reduction of lease revenues and fees within the condensed consolidated statement of earnings. Aaron's Business write-off of lease receivables that are 60 days or more past due occur on pre-determined dates twice monthly. DAMI's allowance for uncollectible merchant accounts receivable, which primarily relates to cardholder returns and refunds, is recorded as bad debt expense within operating expenses in the condensed consolidated statement of earnings. Accounts Receivable Accounts receivable consist primarily of receivables due from customers of Progressive Leasing and Company-operated stores, corporate receivables incurred during the normal course of business (primarily for real estate leasing activities and vendor consideration) and franchisee obligations.
Lease Merchandise	Lease Merchandise The Company's lease merchandise consists primarily of furniture, consumer electronics, home appliances, jewelry, and accessories and is recorded at the lower of cost or net realizable value. The cost of merchandise manufactured by our Woodhaven operations is recorded at cost and includes overhead from production facilities, shipping costs and warehousing costs. The Company's Progressive Leasing segment, at which substantially all merchandise is on lease, depreciates merchandise generally over 12 months. The Company's Aaron's Business segment begins depreciating merchandise at the earlier of 12 months and one day or when the item is leased. Aaron's Business depreciates merchandise to a 0% salvage value over the lease agreement period when on lease, generally 12 to 24 months , and generally 36 months when not on lease. Depreciation is accelerated upon early payout. The Company's policies require weekly lease merchandise counts at its store-based operations, which include write-offs for unsalable, damaged, or missing merchandise inventories. In addition to monthly cycle counting, full physical inventories are generally taken at the fulfillment and manufacturing facilities annually and appropriate provisions are made for missing, damaged and unsalable merchandise. In addition, the Company monitors lease merchandise levels and mix by division, store, and fulfillment center, as well as the average age of merchandise on hand. If obsolete lease merchandise cannot be returned to vendors, its carrying amount is adjusted to its net realizable value or written off. Generally, all lease merchandise is available for lease or sale. On a monthly basis, all damaged, lost or unsalable merchandise identified is written off. The Company records a provision for write-offs on the allowance method, which estimates the merchandise losses incurred but not yet identified by management as of the end of the accounting period based on historical write-off experience. The provision for write-offs is included in operating expenses in the accompanying condensed consolidated statements of earnings.
Loans Receivable, Net	Loans Receivable, Net Gross loans receivable represents the principal balances of credit card charges at DAMI's participating merchants that remain due from cardholders, plus unpaid interest and fees due from cardholders. The allowances and unamortized fees represents an allowance for uncollectible amounts; merchant fee discounts, net of capitalized origination costs; promotional fee discounts; and deferred annual card fees. Loans acquired in the October 15, 2015 DAMI acquisition (the "Acquired Loans") were recorded at their estimated fair value at the acquisition date. The projected net cash flows from expected payments of principal, interest, fees and servicing costs and anticipated charge-offs were included in the determination of fair value; therefore, an allowance for loan losses and an amount for unamortized fees were not recognized for the Acquired Loans. The difference, or discount, between the expected cash flows to be received and the fair value of the Acquired Loans is accreted to interest and fees on loans receivable based on the effective interest method. At each period end, the Company evaluates the appropriateness of the accretable discount on the Acquired Loans based on actual and revised projected future cash receipts. Losses on loans receivable are recognized when they are incurred, which requires the Company to make its best estimate of probable losses inherent in the portfolio. The Company evaluates loans receivable collectively for impairment. The method for calculating the best estimate of probable losses takes into account the Company's historical experience, adjusted for current conditions and the Company's judgment concerning the probable effects of relevant observable data, trends and market factors. Economic conditions and loan performance trends are closely monitored to manage and evaluate exposure to credit risk. Trends in delinquency ratios are an indicator of credit risk within the loans receivable portfolio, including the migration of loans between delinquency categories over time. Charge-off rates represent another indicator of the potential for future credit losses. The risk in the loans receivable portfolio is correlated with broad economic trends, such as unemployment rates, gross domestic product growth and gas prices, which can have a material effect on credit performance. To the extent that actual results differ from estimates of uncollectible loans receivable, the Company's results of operations and liquidity could be materially affected. The Company calculates the allowance for loan losses based on actual delinquency balances and historical average loss experience on loans receivable by aging category for the prior eight quarters. The allowance for loan losses is maintained at a level considered adequate to cover probable losses of principal, interest and fees on active loans in the loans receivable portfolio. The adequacy of the allowance is evaluated at each period end. Delinquent loans receivable are those that are 30 days or more past due based on their contractual billing dates. The Company places loans receivable on nonaccrual status when they are greater than 90 days past due or upon notification of cardholder bankruptcy, death or fraud. The Company discontinues accruing interest and fees and amortizing merchant fee discounts and promotional fee discounts for loans receivable in nonaccrual status. Loans receivable are removed from nonaccrual status when cardholder payments resume, the loan becomes 90 days or less past due and collection of the remaining amounts outstanding is deemed probable. Payments received on nonaccrual loans are allocated according to the same payment hierarchy methodology applied to loans that are accruing interest. Loans receivable are charged off at the end of the month following the billing cycle in which the loans receivable become 120 days past due. DAMI extends or declines credit to an applicant through its bank partners based upon the applicant's credit rating and other factors.
Assets Held for Sale	Assets Held for Sale Certain properties, consisting of parcels of land and commercial buildings, met the held for sale classification criteria as of March 31, 2019 and December 31, 2018 . Assets held for sale are recorded at the lower of their carrying value or fair value less estimated cost to sell and are classified within prepaid expenses and other assets in the condensed consolidated balance sheets. Depreciation is suspended on assets upon classification to held for sale. The carrying amount of the properties held for sale as of March 31, 2019 and December 31, 2018 is $9.0 million and $6.6 million , respectively. The Company estimated the fair values of real estate properties using the market values for similar properties. These properties are considered Level 2 assets as defined below.
Fair Value Measurement	Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value: Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3—Valuations based on unobservable inputs reflecting the Company's own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. The Company measures assets held for sale at fair value on a nonrecurring basis and records impairment charges when they are deemed to be impaired. The Company maintains certain financial assets and liabilities, and fixed-rate long-term debt, that are not measured at fair value but for which fair value is disclosed. The fair values of the Company's other current financial assets and liabilities, including cash and cash equivalents, accounts receivable and accounts payable, approximate their carrying values due to their short-term nature. The fair value for the loans receivable, net of allowances, and the revolving credit borrowings also approximate their carrying amounts.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted Leases . In February 2016, the FASB issued ASU 2016-02, Leases ("ASC 842"), which requires lessees to recognize assets and liabilities for most leases and changes certain aspects of lessor accounting, among other things. ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018. Companies must use a modified retrospective approach to adopt ASC 842; however, the Company adopted an optional transition method in which entities are permitted to not apply the requirements of ASC 842 in the comparative periods presented within the financial statements in the year of adoption, with recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The application of this optional transition method resulted in a cumulative-effect adjustment of $2.6 million representing an increase to the Company’s January 1, 2019 retained earnings balance, net of tax, due primarily to the recognition of deferred gains recorded under previous sale and operating leaseback transactions for which the ASC 842 transition guidance requires companies to recognize any deferred gains not resulting from off-market terms as a cumulative adjustment to retained earnings upon adoption of ASC 842. As a lessor, a majority of the Company’s revenue generating activities are within the scope of ASC 842. The new standard did not materially impact the timing of revenue recognition. Effective January 1, 2019, ASC 842 resulted in the Company classifying the Progressive Leasing provision for returns and uncollectible renewal payments as a reduction of lease revenue and fees within the condensed consolidated statements of earnings. For periods reported herein prior to January 1, 2019 the Progressive Leasing provision for returns and uncollectible renewal payments was recorded as bad debt expense within operating expenses in the condensed consolidated statement of earnings. The Aaron’s Business provision for returns and uncollectible renewal payments has historically been and continues to be recorded as a reduction to lease revenue and fees. The Company has customer lease agreements with lease and non-lease components that fall within the scope of ASU 2014-09, Revenue from Contracts with Customers ("ASC 606"). The Company has elected to aggregate these components into a single component for all classes of underlying assets as the lease and non-lease components generally have the same timing and pattern of transfer. The new standard also impacts the Company as a lessee by requiring substantially all of its operating leases to be recognized on the balance sheet as operating lease right-to-use assets and operating lease liabilities. See Note 5 to these condensed consolidated financial statements for further details regarding the Company’s leasing activities as a lessee. The Company elected to adopt a package of practical expedients offered by the FASB which removes the requirement to reassess whether expired or existing contracts contain leases and removes the requirement to reassess the lease classification for any existing leases prior to the adoption date of January 1, 2019. Additionally, the Company has elected the practical expedient to include both lease and non-lease components as a single component and account for it as a lease. Cloud Computing Arrangements . In August 2018, the FASB issued ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The intent of the standard is to reduce diversity in practice in accounting for the costs of implementing cloud computing arrangements that are service contracts. Under the new standard, entities will be required to apply the accounting guidance as prescribed by ASC 350-40, Internal Use Software , in determining which implementation costs should be capitalized as assets or expensed as incurred. The internal-use software guidance requires the capitalization of certain costs incurred during the application development stage of an internal-use software project, while requiring companies to expense all costs incurred during preliminary project and post-implementation project stages. As a result, certain implementation costs which were previously expensed by the Company are now eligible for capitalization under ASU 2018-15. The standard may be applied either prospectively to all implementation costs incurred after the adoption date or retrospectively. ASU 2018-15 is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company elected to early adopt ASU 2018-15 on a prospective basis during the three months ended March 31, 2019 , and the impact to the condensed consolidated financial statements was not significant. Costs eligible for capitalization will be classified within prepaid expenses and other assets and operating expenses in the condensed consolidated balance sheets and statements of earnings, respectively. Pending Adoption Financial Instruments - Credit Losses . In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments ("CECL"). The main objective of the update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by companies at each reporting date. For trade and other receivables, held to maturity debt securities and other instruments, companies will be required to use a new forward-looking "expected losses" model that generally will result in the recognition of allowances for losses earlier than under current accounting guidance. The standard will be adopted on a modified retrospective basis with a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. ASU 2016-13 is effective for the Company in the first quarter of 2020. The Company's operating lease activities within Aaron's Business and Progressive Leasing will not be impacted by ASU 2016-13, as operating lease receivables are not in the scope of the CECL model. The Company will be impacted by ASU 2016-13 within its DAMI segment by requiring earlier recognition of estimated credit losses in the consolidated statements of earnings. DAMI acquires loan receivables from merchants through its third-party bank partners at a discount from the face value of the loan, referred to as the "merchant fee discount." The merchant fee discount represents a pre-negotiated, nonrefundable discount that generally ranges from 3% to 25% of the loan face value, which is primarily intended to cover the risk of credit loss related to the portfolio of loans originated. Although the CECL model will require the estimated credit losses to be recognized at the time of loan origination, the related merchant fee discount will continue to be amortized as interest and fee revenue on a straight-line basis over the initial 24-month period that the card is active. Therefore, on a loan-by-loan basis, the Company expects higher losses to be recognized upon loan origination for the estimated credit losses, generally followed by higher net earnings as the related merchant fee discount is amortized to interest income, and as interest income is accrued and earned on the outstanding loan. Although the CECL model will result in earlier recognition of credit losses in the statement of earnings, no changes are expected related to the loan cash flows. The Company has evaluated the guidance in ASU 2016-13 related to purchased financial assets with credit deterioration (“PCD Method”) and currently expects that its loans receivable would not qualify for the PCD Method as, generally, a more-than-insignificant deterioration in credit quality since origination does not occur. The Company is continuing to evaluate the various impacts of CECL, including identifying changes to processes and procedures that will be necessary to adopt ASU 2016-13, and is in the process of identifying and testing potential software solutions to support the new accounting requirements for the Company's loans receivable. The Company is also evaluating whether it will choose to measure future loans at fair value under the fair value option as an alternative to CECL. The fair value option would result in the Company measuring loans at fair value on an instrument-by-instrument basis with changes in fair value reported in net earnings. Election of the fair value option could cause volatility in our reported results, primarily in periods with large fluctuations in interest rates. The Company is also evaluating emerging guidance which would allow companies to choose a one-time election of the fair value option for loans previously recorded at amortized cost under the current incurred loss model. As a result, we are continuing to evaluate transition options and alternatives available under ASU 2016-13.

Basis and Summary of Signific_3

Basis and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule Of Company Operated Store Activity	The following table presents invoice volume for Progressive Leasing: For the Three Months Ended March 31 (Unaudited and In Thousands) 2019 2018 Progressive Leasing Invoice Volume 1 $ 394,727 $ 345,562 1 Invoice volume is defined as the retail price of lease merchandise acquired and then leased to customers during the period, net of returns. The Aaron's Business segment offers furniture, consumer electronics, home appliances and accessories to consumers primarily with a month-to-month, lease-to-own agreement with no credit needed through the Company's Aaron's-branded stores in the United States and Canada and its e-commerce platform. This operating segment also supports franchisees of its Aaron's-branded stores. In addition, the Aaron's Business segment includes the operations of Woodhaven Furniture Industries ("Woodhaven"), which manufactures and supplies the majority of the upholstered furniture and bedding leased and sold in Company-operated and franchised stores. The Company acquired the store operations of two franchisees during the three months ended March 31, 2019 . Refer to Note 2 to these condensed consolidated financial statements. The following table presents store count by ownership type for the Aaron's Business operations: Stores as of March 31 (Unaudited) 2019 2018 Company-operated Aaron's Branded Stores 1,230 1,182 Franchised Stores 369 537 Systemwide Stores 1,599 1,719
Calculation of Dilutive Stock Awards	The following table shows the calculation of dilutive share-based awards: Three Months Ended (Shares In Thousands) 2019 2018 Weighted Average Shares Outstanding 67,294 70,105 Dilutive Effect of Share-Based Awards 1,479 1,913 Weighted Average Shares Outstanding Assuming Dilution 68,773 72,018
Accounts Receivable Net of Allowances	Accounts receivable, net of allowances, consist of the following: (In Thousands) March 31, 2019 December 31, 2018 Customers $ 54,517 $ 60,879 Corporate 13,405 18,171 Franchisee 16,115 19,109 Accounts Receivable $ 84,037 $ 98,159 The following is a summary of the Company’s loans receivable, net: (In Thousands) March 31, 2019 December 31, 2018 Credit Card Loans 1 $ 87,768 $ 90,406 Acquired Loans 2 3,721 5,688 Loans Receivable, Gross 91,489 96,094 Allowance for Loan Losses (12,363 ) (12,970 ) Unamortized Fees (6,562 ) (6,971 ) Loans Receivable, Net of Allowances and Unamortized Fees $ 72,564 $ 76,153 1 "Credit Card Loans" are loans originated after the 2015 acquisition of DAMI. 2 "Acquired Loans" are credit card loans the Company purchased in the 2015 acquisition of DAMI.
Components of the Accounts Receivable Provision	The following table shows the amounts recognized for bad debt expense and provision for returns and uncollected payments: Three Months Ended March 31, (In Thousands) 2019 2018 Bad Debt Expense 1 $ 1,125 $ 46,542 Provision for Returns and Uncollectible Renewal Payments 2 62,110 4,916 Accounts Receivable Provision $ 63,235 $ 51,458 1 Bad debt expense is recorded within operating expenses in the condensed consolidated financial statements. 2 In accordance with the adoption of ASC 842, Progressive Leasing provision for returns and uncollectible renewal payments are recorded as a reduction to lease revenues and fees within the condensed consolidated financial statements beginning January 1, 2019. Prior to January 1, 2019, Progressive Leasing provision for returns and uncollectible renewal payments were recorded as bad debt expense within operating expenses in the condensed consolidated financial statements.
Schedule of Lease Merchandise	The following is a summary of lease merchandise, net of accumulated depreciation and allowances: (In Thousands) March 31, 2019 December 31, 2018 Merchandise on Lease $ 1,022,902 $ 1,053,684 Merchandise Not on Lease 278,164 264,786 Lease Merchandise, net of Accumulated Depreciation and Allowances $ 1,301,066 $ 1,318,470
Allowance for Lease Merchandise	The following table shows the components of the allowance for lease merchandise write-offs: Three Months Ended March 31, (In Thousands) 2019 2018 Beginning Balance $ 46,694 $ 35,629 Merchandise Written off, net of Recoveries (53,222 ) (40,511 ) Provision for Write-offs 56,995 44,470 Ending Balance $ 50,467 $ 39,588
Loan Portfolio Credit Quality Indicators	Below is a summary of the credit quality of the Company's loan portfolio as of March 31, 2019 and December 31, 2018 by Fair Isaac and Company (FICO) score as determined at the time of loan origination: FICO Score Category March 31, 2019 December 31, 2018 600 or Less 4.1 % 3.7 % Between 600 and 700 79.0 % 77.9 % 700 or Greater 16.9 % 18.4 %
Schedule of Prepaid Expenses and Other Assets	Prepaid expenses and other assets consist of the following: (In Thousands) March 31, 2019 December 31, 2018 Prepaid Expenses $ 27,467 $ 30,763 Prepaid Insurance 24,072 27,948 Assets Held for Sale 8,974 6,589 Deferred Tax Asset 8,761 8,761 Other Assets 23,207 24,161 Prepaid Expenses and Other Assets $ 92,481 $ 98,222
Schedule of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following: (In Thousands) March 31, 2019 December 31, 2018 Accounts Payable $ 71,751 $ 88,369 Accrued Insurance Costs 39,181 40,423 Accrued Salaries and Benefits 45,832 40,790 Accrued Real Estate and Sales Taxes 30,749 30,332 Deferred Rent 1 — 27,270 Other Accrued Expenses and Liabilities 1 59,266 65,969 Accounts Payable and Accrued Expenses $ 246,779 $ 293,153 1 Amounts as of March 31, 2019 were impacted by the January 1, 2019 adoption of ASC 842. Upon transition to ASC 842, the remaining balances of the Company's deferred rent, lease incentives, and closed store reserve were reclassified as a reduction to the operating lease right-of-use asset in the accompanying condensed consolidated balance sheet.
Schedule of Stockholders Equity	Changes in stockholders' equity for the three months ended March 31, 2019 and 2018 are as follows: Treasury Stock Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total Shareholders’ Equity (In Thousands, Except Per Share) Shares Amount Balance, December 31, 2018 (23,568 ) $ (567,847 ) $ 45,376 $ 278,922 $ 2,005,344 $ (1,087 ) $ 1,760,708 Opening Balance Sheet Adjustment - ASC 842, net of taxes — — — — 2,592 — 2,592 Cash Dividends, $0.035 per share — — — — (2,363 ) — (2,363 ) Stock-Based Compensation — — — 7,050 — — 7,050 Reissued Shares 493 4,264 — (15,245 ) — — (10,981 ) Net Earnings — — — — 56,078 — 56,078 Foreign Currency Translation Adjustment — — — — — 424 424 Balance, March 31, 2019 (23,075 ) $ (563,583 ) $ 45,376 $ 270,727 $ 2,061,651 $ (663 ) $ 1,813,508 Treasury Stock Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total Shareholders’ Equity (In Thousands, Except Per Share) Shares Amount Balance, December 31, 2017 (20,733 ) $ (407,713 ) $ 45,376 $ 270,043 $ 1,819,524 $ 774 $ 1,728,004 Opening Balance Sheet Adjustment - ASC 606, net of taxes — — — — (1,729 ) — (1,729 ) Cash Dividends, $0.03 per share — — — — (2,146 ) — (2,146 ) Stock-Based Compensation — — — 7,862 — — 7,862 Reissued Shares 545 3,441 — (12,602 ) — — (9,161 ) Repurchased Shares (391 ) (18,407 ) — — — — (18,407 ) Net Earnings — — — — 52,246 — 52,246 Foreign Currency Translation Adjustment — — — — — (477 ) (477 ) Balance, March 31, 2018 (20,579 ) $ (422,679 ) $ 45,376 $ 265,303 $ 1,867,895 $ 297 $ 1,756,192

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table presents summaries of the preliminary fair value of the assets acquired and liabilities assumed in the franchisee acquisitions as of the respective acquisition dates: (In Thousands) Amounts Recognized as of Acquisition Dates (as of December 31, 2018) 1 Acquisition Accounting Adjustments Amounts Recognized as of Acquisition Dates (as of March 31, 2019) Purchase Price $ 189,826 $ — $ 189,826 Add: Settlement of Pre-existing Relationship 5,405 — 5,405 Less: Working Capital Adjustments 155 — 155 Aggregated Consideration Transferred 195,386 — 195,386 Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed Cash and Cash Equivalents 43 7 50 Lease Merchandise 59,616 — 59,616 Property, Plant and Equipment 5,568 — 5,568 Other Intangibles 2 24,530 (32 ) 24,498 Prepaid Expenses and Other Assets 1,168 38 1,206 Total Identifiable Assets Acquired 90,925 13 90,938 Accounts Payable and Accrued Expenses (852 ) (58 ) (910 ) Customer Deposits and Advance Payments (5,156 ) — (5,156 ) Total Liabilities Assumed (6,008 ) (58 ) (6,066 ) Goodwill 3 110,469 45 110,514 Net Assets Acquired $ 84,917 $ (45 ) $ 84,872 1 As previously reported in Note 2 to the consolidated financial statements in the 2018 Annual Report. 2 Identifiable intangible assets are further disaggregated in the table set forth below. 3 The total goodwill recognized in conjunction with the franchisee acquisitions, all of which is expected to be deductible for tax purposes, has been assigned to the Aaron’s Business reporting unit. The purchase price exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, primarily due to synergies created from the expected future benefits to the Company’s omnichannel platform, implementation of the Company’s operational capabilities, expected inventory supply chain synergies between the Aaron’s Business and Progressive Leasing, and control of the Company’s brand name in new geographic markets. Goodwill also includes certain other intangible assets that do not qualify for separate recognition, such as an assembled workforce.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The estimated intangible assets attributable to the franchisee acquisitions are comprised of the following: Fair Value (in thousands) Weighted Average Life (in years) Non-compete Agreements $ 1,872 3.0 Customer Lease Contracts 7,876 1.0 Customer Relationships 10,087 3.0 Reacquired Franchise Rights 4,663 3.9 Total Acquired Intangible Assets 1 $ 24,498 1 Acquired definite-lived intangible assets have a total weighted average life of 2.5 years.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes financial liabilities measured at fair value on a recurring basis: (In Thousands) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Deferred Compensation Liability $ — $ (10,790 ) $ — $ — $ (10,389 ) $ —
Assets Measured at Fair Value on Nonrecurring Basis	The following table summarizes non-financial assets measured at fair value on a nonrecurring basis: (In Thousands) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Held for Sale $ — $ 8,974 $ — $ — $ 6,589 $ —
Fair Value of Assets (Liabilities) Not Measured at Fair Value In Consolidated Balance Sheets	The following table summarizes the fair value of liabilities that are not measured at fair value in the condensed consolidated balance sheets, but for which the fair value is disclosed: (In Thousands) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Fixed-Rate Long-Term Debt 1 — (184,835 ) — — (183,765 ) — 1 The fair value of fixed-rate long-term debt is estimated using the present value of underlying cash flows discounted at a current market yield for similar instruments. The carrying amount of fixed-rate long-term debt was $180.0 million at March 31, 2019 and December 31, 2018 , respectively.

Loans Receivable (Tables)

Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Schedule of the Components of Loans Receivable, Net	Accounts receivable, net of allowances, consist of the following: (In Thousands) March 31, 2019 December 31, 2018 Customers $ 54,517 $ 60,879 Corporate 13,405 18,171 Franchisee 16,115 19,109 Accounts Receivable $ 84,037 $ 98,159 The following is a summary of the Company’s loans receivable, net: (In Thousands) March 31, 2019 December 31, 2018 Credit Card Loans 1 $ 87,768 $ 90,406 Acquired Loans 2 3,721 5,688 Loans Receivable, Gross 91,489 96,094 Allowance for Loan Losses (12,363 ) (12,970 ) Unamortized Fees (6,562 ) (6,971 ) Loans Receivable, Net of Allowances and Unamortized Fees $ 72,564 $ 76,153 1 "Credit Card Loans" are loans originated after the 2015 acquisition of DAMI. 2 "Acquired Loans" are credit card loans the Company purchased in the 2015 acquisition of DAMI.
Aging of the Loans Receivable Balance	Included in the table below is an aging of the loans receivable, gross balance: (Dollar Amounts in Thousands) Aging Category 1 March 31, 2019 December 31, 2018 30-59 days past due 6.3 % 6.9 % 60-89 days past due 3.1 % 3.4 % 90 or more days past due 4.1 % 4.3 % Past due loans receivable 13.5 % 14.6 % Current loans receivable 86.5 % 85.4 % Balance of Credit Card Loans on Nonaccrual Status $ 1,954 $ 2,110 Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees $ — $ — 1 This aging is based on the contractual amounts outstanding for each loan as of period end, and does not reflect the fair value adjustments for the Acquired Loans.
Components of the Allowance for Loan Losses	The table below presents the components of the allowance for loan losses: Three Months Ended (In Thousands) March 31, 2019 March 31, 2018 Beginning Balance $ 12,970 $ 11,454 Provision for Loan Losses 4,255 4,492 Charge-offs (5,484 ) (5,619 ) Recoveries 622 372 Ending Balance $ 12,363 $ 10,699

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease, Cost	The Company’s total lease expense is comprised of the following: Three Months Ended (In Thousands) March 31, 2019 Finance Lease Cost: Amortization of Right-of-Use Assets $ 465 Interest on Lease Liabilities 114 Total Finance Lease Cost: 579 Operating Lease Cost: Operating Lease Cost Classified within Operating Expenses 1 29,213 Operating Lease Cost Classified within Restructuring Expenses, Net 804 Sublease Receipts (732 ) Total Operating Lease Cost: 29,285 Total Lease Cost $ 29,864 1 Includes short-term and variable lease costs, which are not significant.
Supplemental Cash Flow Information	Additional information regarding the Company’s leasing activities as a lessee is as follows: Three Months Ended (In Thousands) March 31, 2019 Cash Paid for Amounts Included in Measurement of Lease Liabilities: Operating Cash Flows for Finance Leases $ 113 Operating Cash Flows for Operating Leases 31,643 Financing Cash Flows for Finance Leases 574 Total Cash Paid for Amounts Included in Measurement of Lease Liabilities 32,330 Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities — Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities $ 6,587
Assets And Liabilities, Lessee	Supplemental balance sheet information related to leases is as follows: (In Thousands) Balance Sheet Classification March 31, 2019 Assets Operating Lease Assets Operating Lease Right-of-Use Assets $ 370,282 Finance Lease Assets Property, Plant and Equipment, Net 2,578 Total Lease Assets $ 372,860 Liabilities Operating Lease Liabilities Operating Lease Liabilities $ 406,559 Finance Lease Liabilities Debt 4,590 Total Lease Liabilities $ 411,149
Schedule of Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term	Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s finance and operating leases: Weighted Average Discount Rate 1 Weighted Average Remaining Lease Term (in years) Finance Leases 6.0 % 2 Operating Leases 3.6 % 5 1 Upon adoption of ASC 842, discount rates for existing operating leases were established as of January 1, 2019.
Operating Lease, Liability, Maturity	The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the condensed consolidated balance sheet. (In Thousands) Operating Leases Finance Leases Total 2019 $ 89,172 $ 2,407 $ 91,579 2020 104,166 2,028 106,194 2021 81,568 772 82,340 2022 61,345 74 61,419 2023 40,967 — 40,967 Thereafter 75,891 — 75,891 Total Undiscounted Cash Flows 453,109 5,281 458,390 Less: Interest 46,550 691 47,241 Present Value of Lease Liabilities $ 406,559 $ 4,590 $ 411,149
Finance Lease, Liability, Maturity	The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the condensed consolidated balance sheet. (In Thousands) Operating Leases Finance Leases Total 2019 $ 89,172 $ 2,407 $ 91,579 2020 104,166 2,028 106,194 2021 81,568 772 82,340 2022 61,345 74 61,419 2023 40,967 — 40,967 Thereafter 75,891 — 75,891 Total Undiscounted Cash Flows 453,109 5,281 458,390 Less: Interest 46,550 691 47,241 Present Value of Lease Liabilities $ 406,559 $ 4,590 $ 411,149

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations	The following table presents revenue by source and by segment for the three months ended March 31, 2019 : Three Months Ended March 31, 2019 (In Thousands) Progressive Leasing Aaron's Business DAMI Total Lease Revenues and Fees 1 $ 523,401 $ 420,756 $ — $ 944,157 Retail Sales 2 — 12,809 — 12,809 Non-Retail Sales 2 — 36,981 — 36,981 Franchise Royalties and Fees 2 — 9,207 — 9,207 Interest and Fees on Loans Receivable 3 — — 8,646 8,646 Other — 303 — 303 Total $ 523,401 $ 480,056 $ 8,646 $ 1,012,103 1 Substantially all lease revenues and fees are within the scope of ASC 842, Leases . The Company had $7.9 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers. 2 Revenue within the scope of ASC 606, Revenue from Contracts with Customers . Of the Franchise Royalties and Fees, $7.0 million is related to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. The remaining revenue is primarily related to fees collected for pre-opening services, which are being deferred and recognized as revenue over the agreement term, and advertising fees charged to franchisees. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise. 3 Revenue within the scope of ASC 310, Credit Card Interest & Fees . The following table presents revenue by source and by segment for the three months ended March 31, 2018 : Three Months Ended March 31, 2018 (In Thousands) Progressive Leasing Aaron's Business DAMI Total Lease Revenues and Fees 1 $ 486,517 $ 383,550 $ — $ 870,067 Retail Sales 2 — 8,516 — 8,516 Non-Retail Sales 2 — 53,230 — 53,230 Franchise Royalties and Fees 2 — 12,862 — 12,862 Interest and Fees on Loans Receivable 3 — — 9,542 9,542 Other — 592 — 592 Total $ 486,517 $ 458,750 $ 9,542 $ 954,809 1 Substantially all lease revenues and fees are within the scope of ASC 842, Leases . The Company had $5.0 million of other revenue within the scope of ASC 606, Revenue from Contracts with Customers. 2 Revenue within the scope of ASC 606, Revenue from Contracts with Customers . Of the Franchise Royalties and Fees, $10.2 million is related to franchise royalty income that is recognized as the franchisee collects cash revenue from its customers. The remaining revenue is primarily related to fees collected for pre-opening services, which are being deferred and recognized as revenue over the agreement term, and advertising fees charged to franchisees. Retail sales are recognized as revenue at the point of sale. Non-retail sales are recognized as revenue upon delivery of the merchandise. 3 Revenue within the scope of ASC 310, Credit Card Interest & Fees . The following is a summary of total assets by segment and shared corporate-related assets. (In Thousands) March 31, December 31, Assets: Progressive Leasing $ 1,106,668 $ 1,088,227 Aaron's Business 1 1,774,858 1,483,102 DAMI 89,533 95,341 Other 2 266,907 160,022 Total Assets $ 3,237,966 $ 2,826,692 1 Includes inventory (principally raw materials and work-in-process) that has been classified within lease merchandise in the condensed consolidated balance sheets of $14.5 million and $15.2 million as of March 31, 2019 and December 31, 2018 , respectively. 2 Corporate-related assets that benefit multiple segments are reported as other assets. The following is a summary of earnings (loss) before income taxes by segment: Three Months Ended (In Thousands) 2019 2018 Earnings (Loss) Before Income Taxes: Progressive Leasing $ 55,388 $ 34,979 Aaron's Business 1 17,588 33,079 DAMI (2,668 ) (1,306 ) Total Earnings Before Income Taxes $ 70,308 $ 66,752 1

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table summarizes restructuring charges for the three months ended March 31, 2019 and 2018 , respectively, under the three programs: Three Months Ended March 31, (In Thousands) 2019 2018 Right-of-Use Asset Impairment and Operating Lease Charges $ 9,522 $ 719 Fixed Asset Impairment 1,497 — Severance 1,136 514 Other Expenses 1,126 — Gain on Sale of Closed Store Properties — (327 ) Total Restructuring Expenses $ 13,281 $ 906
Schedule of Restructuring Reserve	The following table summarizes the balances of the accruals for the restructuring programs, which are recorded in accounts payable and accrued expenses in the condensed consolidated balance sheets, and the activity for the three months ended March 31, 2019 : (In Thousands) Contractual Lease Obligations Severance Balance at January 1, 2019 $ 8,472 $ 651 ASC 842 Transition Adjustment 1 (8,472 ) — Adjusted Balance at January 1, 2019 — 651 Restructuring Charges — 1,136 Payments — (1,033 ) Balance at March 31, 2019 $ — $ 754 1 Upon the adoption of ASC 842 on January 1, 2019, the Company reclassified the remaining liability for contractual lease obligations from accounts payable and accrued expenses to a reduction to operating lease right-of-use assets within its condensed consolidated balance sheets.

Basis and Summary of Signific_4

Basis and Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)state	Mar. 31, 2018USD ($)	Dec. 31, 2018	Dec. 31, 2017franchise
Significant Accounting Policies [Line Items]
Number of businesses acquired | franchise				4
Threshold Period Past Due for Write-off of Trade Accounts Receivable			60 days
Progressive Finance Holdings, LLC
Significant Accounting Policies [Line Items]
Threshold Period Past Due for Write-off of Trade Accounts Receivable			120 days
Progressive Leasing
Significant Accounting Policies [Line Items]
Number of states in which entity operates | state	46
Progressive leasing invoice volume | $	$ 394,727	$ 345,562

Basis and Summary of Signific_5

Basis and Summary of Significant Accounting Policies - Store Count by Ownership Type (Details) - Operating Segments - Store	Mar. 31, 2019	Mar. 31, 2018
Significant Accounting Policies [Line Items]
Number of retail stores	1,599	1,719
Company-operated Aaron's Branded Stores
Significant Accounting Policies [Line Items]
Number of retail stores	1,230	1,182
Franchised Stores
Significant Accounting Policies [Line Items]
Number of retail stores	369	537

Basis and Summary of Signific_6

Basis and Summary of Significant Accounting Policies - Calculation of Dilutive Stock Awards (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accounting Policies [Abstract]
Weighted Average Shares Outstanding (in shares)	67,294	70,105
Dilutive Effect of Share-Based Awards (in shares)	1,479	1,913
Weighted Average Shares Outstanding Assuming Dilution (in shares)	68,773	72,018
Anti-dilutive securities excluded from the computation of earnings per share assuming dilution (in shares)	443	187

Basis and Summary of Signific_7

Basis and Summary of Significant Accounting Policies - Revenue Recognition Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues	$ 1,012,103	$ 954,809
Deferred revenue	$ 83,610		$ 80,579
Promotional fees percent promotional interest period one	6 months
Promotional fees percent promotional interest period two	12 months
Promotional fees percent promotional interest period three	18 months
Credit Card Loans
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Privilege period	24 months
Minimum payment required percentage of outstanding loan balance	3.50%
Minimum | Credit Card Loans
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchant fee percent	3.00%
Promotional fees percent	1.00%
Interest rate fixed and variable	25.00%
Maximum | Credit Card Loans
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchant fee percent	25.00%
Promotional fees percent	8.00%
Interest rate fixed and variable	35.99%
Sales And Lease Ownership | Agreement One
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Lease agreement period	12 months
Sales And Lease Ownership | Agreement Two
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Lease agreement period	18 months
Sales And Lease Ownership | Agreement Three
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Lease agreement period	24 months
Progressive Finance Holdings, LLC | Agreement One
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Lease agreement period	12 months
Sales and Lease Ownership and HomeSmart
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Royalty payment rate	6.00%
Initial franchise fees | Sales and Lease Ownership and HomeSmart | Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues	$ 15
Initial franchise fees | Sales and Lease Ownership and HomeSmart | Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues	$ 50

Basis and Summary of Signific_8

Basis and Summary of Significant Accounting Policies - Accounts Receivable Net of Allowances (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable	$ 84,037	$ 98,159
Customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable	54,517	60,879
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable	13,405	18,171
Franchisee
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable	$ 16,115	$ 19,109

Basis and Summary of Signific_9

Basis and Summary of Significant Accounting Policies - Components of the Accounts Receivable Provision (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accounting Policies [Abstract]
Bad Debt Expense	$ 1,125	$ 46,542
Provision for Returns and Uncollected Renewal Payments	62,110	4,916
Accounts Receivable Provision	$ 63,235	$ 51,458

Basis and Summary of Signifi_10

Basis and Summary of Significant Accounting Policies - Lease Merchandise (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Significant Accounting Policies [Line Items]
Lease merchandise salvage value percentage	0.00%
Lease agreement, lease period used as asset useful life	12 months
Lease Merchandise, net of Accumulated Depreciation and Allowances	$ 1,301,066		$ 1,318,470
Components of the allowance of leases merchandise write-offs:
Beginning Balance	46,694	$ 35,629
Merchandise Written off, net of Recoveries	(53,222)	(40,511)
Provision for Write-offs	56,995	44,470
Ending Balance	50,467	$ 39,588
Merchandise on Lease
Significant Accounting Policies [Line Items]
Lease Merchandise, net of Accumulated Depreciation and Allowances	$ 1,022,902		1,053,684
Merchandise on Lease | Minimum
Significant Accounting Policies [Line Items]
Lease merchandise useful life	12 months
Merchandise on Lease | Maximum
Significant Accounting Policies [Line Items]
Lease merchandise useful life	24 months
Merchandise Not on Lease
Significant Accounting Policies [Line Items]
Lease merchandise useful life	36 months
Lease Merchandise, net of Accumulated Depreciation and Allowances	$ 278,164		$ 264,786

Basis and Summary of Signifi_11

Basis and Summary of Significant Accounting Policies - Credit Quality Indicators (Details)	Mar. 31, 2019	Dec. 31, 2018
FICO Score, 600 or Less
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, percentage of loan portfolio per FICO Score	4.10%	3.70%
FICO Score, Between 600 and 700
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, percentage of loan portfolio per FICO Score	79.00%	77.90%
FICO Score, 700 or Greater
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, percentage of loan portfolio per FICO Score	16.90%	18.40%

Basis and Summary of Signifi_12

Basis and Summary of Significant Accounting Policies - Components of Prepaid Expenses and Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Prepaid Expenses	$ 27,467	$ 30,763
Prepaid Insurance	24,072	27,948
Assets Held for Sale	8,974	6,589
Deferred Tax Asset	8,761	8,761
Other Assets	23,207	24,161
Prepaid Expenses and Other Assets	$ 92,481	$ 98,222

Basis and Summary of Signifi_13

Basis and Summary of Significant Accounting Policies - Assets Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Assets Held for Sale	$ 8,974	$ 6,589

Basis and Summary of Signifi_14

Basis and Summary of Significant Accounting Policies - Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Accounts Payable	$ 71,751	$ 88,369
Accrued Insurance Costs	39,181	40,423
Accrued Salaries and Benefits	45,832	40,790
Accrued Real Estate and Sales Taxes	30,749	30,332
Deferred Rent		27,270
Other Accrued Expenses and Liabilities	59,266	65,969
Accounts Payable and Accrued Expenses	$ 246,779	$ 293,153

Basis and Summary of Signifi_15

Basis and Summary of Significant Accounting Policies - Statements of Stockholders' Equity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 1,760,708	$ 1,728,004
Dividends	(2,363)	(2,146)
Stock-Based Compensation	7,050	7,862
Reissued Shares	(10,981)	(9,161)
Repurchased Shares		(18,407)
Net Earnings	56,078	52,246
Foreign Currency Translation Adjustment	424	(477)
Ending Balance	1,813,508	1,756,192
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ (567,847)	$ (407,713)
Beginning Balance (in shares)	(23,568)	(20,733)
Reissued Shares (in shares)	493	545
Reissued Shares	$ 4,264	$ 3,441
Repurchased Shares (in shares)		(391)
Repurchased Shares		$ (18,407)
Ending Balance (in shares)	(23,075)	(20,579)
Ending Balance	$ (563,583)	$ (422,679)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	45,376	45,376
Ending Balance	45,376	45,376
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	278,922	270,043
Stock-Based Compensation	7,050	7,862
Reissued Shares	(15,245)	(12,602)
Ending Balance	$ 270,727	$ 265,303
Retained Earnings
Dividends, per share (in dollars per share)	$ 0.035	$ 0.03
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 2,005,344	$ 1,819,524
Dividends	(2,363)	(2,146)
Net Earnings	56,078	52,246
Ending Balance	2,061,651	1,867,895
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(1,087)	774
Foreign Currency Translation Adjustment	424	(477)
Ending Balance	(663)	297
Accounting Standards Update 2014-09
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Opening Balance Sheet Adjustment - ASC 842, net of taxes		(1,729)
Accounting Standards Update 2014-09 | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Opening Balance Sheet Adjustment - ASC 842, net of taxes		$ (1,729)
Accounting Standards Update 2016-02
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Opening Balance Sheet Adjustment - ASC 842, net of taxes	2,592
Accounting Standards Update 2016-02 | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Opening Balance Sheet Adjustment - ASC 842, net of taxes	$ 2,592		$ 2,612

Basis and Summary of Signifi_16

Basis and Summary of Significant Accounting Policies - Related Party Transactions (Details) $ in Millions	3 Months Ended	12 Months Ended	36 Months Ended
	Mar. 31, 2019USD ($)leasefranchise	Dec. 31, 2018	Dec. 31, 2004Property
Related Party Transaction [Line Items]
Threshold Period Past Due for Write-off of Trade Accounts Receivable		60 days
Additional number of businesses acquired | franchise	2
Related Party
Related Party Transaction [Line Items]
Sale leaseback, number of properties | Property			21
Number of capital leases | lease	2
Number of operating leases | lease	4
Capital leases, annual rental payments | $	$ 0.1
Interest rate in the leases	9.70%
Operating leases, annual rental payments | $	$ 0.2

Basis and Summary of Signifi_17

Basis and Summary of Significant Accounting Policies - Supplemental Disclosure of Noncash Investing Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accounting Policies [Abstract]
Asset acquisition, fair value of non-cash consideration		$ 0.4
Asset acquisition, non-cash settlement of accounts receivable	$ 0.1	$ 0.2

Basis and Summary of Signifi_18

Basis and Summary of Significant Accounting Policies - Hurricane Impact (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Accounting Policies [Abstract]
Partial cash payment from insurer	$ 2.7
Insurance proceeds received, before tax	0.9
Insurance settlements receivable	$ 0.7

Basis and Summary of Signifi_19

Basis and Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - Accounting Standards Update 2016-02 - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Opening Balance Sheet Adjustment - ASC 842, net of taxes	$ 2,592
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Opening Balance Sheet Adjustment - ASC 842, net of taxes	$ 2,592	$ 2,612

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands	Jan. 01, 2018USD ($)	Mar. 31, 2019USD ($)franchise	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)store
Business Acquisition [Line Items]
Additional number of businesses acquired | franchise		2
Payments to acquire businesses and asset acquisitions		$ (3,470)	$ (4,774)
Franchisee Acquisitions
Business Acquisition [Line Items]
Number of branded stores | store				152
Purchase price	$ 189,826	189,826		$ 189,826
Revenue of acquiree since acquisition date		48,900	1,300
Earnings or loss of acquiree since acquisition date		3,000	100
Acquisition-related costs		1,400
All Acquisitions Excluding SEI Acquisition
Business Acquisition [Line Items]
Payments to acquire businesses and asset acquisitions		$ (3,500)	$ (4,800)

Acquisitions - Franchisee Acqui

Acquisitions - Franchisee Acquisition (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Mar. 31, 2019	Dec. 31, 2018
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed
Goodwill		$ 734,558	$ 733,170
Franchisee Acquisitions
Business Acquisition [Line Items]
Purchase Price	$ 189,826	189,826	189,826
Add: Settlement of Pre-existing Relationship		5,405	5,405
Working Capital Adjustment		155	155
Consideration Transferred		195,386	195,386
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed
Cash and Cash Equivalents		50	43
Lease Merchandise		59,616	59,616
Property, Plant and Equipment		5,568	5,568
Other Intangibles		24,498	24,530
Prepaid Expenses and Other Assets		1,206	1,168
Total Identifiable Assets Acquired		90,938	90,925
Accounts Payable and Accrued Expenses		(910)	(852)
Customer Deposits and Advance Payments		(5,156)	(5,156)
Total Liabilities Assumed		(6,066)	(6,008)
Goodwill		110,514	110,469
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		$ 84,872	84,917
Acquisition Accounting Adjustments
Cash and Cash Equivalents			7
Lease Merchandise			0
Property, Plant and Equipment			0
Other Intangibles			(32)
Prepaid Expenses and Other Assets			38
Total Identifiable Assets Acquired			13
Accounts Payable and Accrued Expenses			(58)
Customer Deposits and Advance Payments			0
Total Liabilities Assumed			58
Goodwill			45
Net Assets Acquired			$ (45)

Acquisitions - Intangibles Acqu

Acquisitions - Intangibles Acquired (Details) - Franchisee Acquisitions $ in Thousands	1 Months Ended
	Jul. 31, 2018USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Fair Value	$ 24,498
Weighted Average Life (in years)	2 years 6 months 6 days
Non-compete Agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Fair Value	$ 1,872
Weighted Average Life (in years)	3 years
Customer Lease Contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Fair Value	$ 7,876
Weighted Average Life (in years)	1 year
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Fair Value	$ 10,087
Weighted Average Life (in years)	3 years
Reacquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Fair Value	$ 4,663
Weighted Average Life (in years)	3 years 10 months 18 days

Fair Value Measurement - Summar

Fair Value Measurement - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair value on a recurring basis - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Liability	$ 0	$ 0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Liability	(10,790)	(10,389)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Liability	$ 0	$ 0

Fair Value Measurement - Assets

Fair Value Measurement - Assets Measured At Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Held for Sale	$ 8,974	$ 6,589
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Held for Sale	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Held for Sale	8,974	6,589
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Held for Sale	$ 0	$ 0

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Assets (Liabilities) Not Measured at Fair Value In Consolidated Balance Sheets (Details) - Fixed-Rate Long-Term Debt - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt, fair value	$ 0	$ 0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt, fair value	(184,835)	(183,765)
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt, fair value	$ 0	$ 0

Fair Value Measurement - Fair_2

Fair Value Measurement - Fair Value of Assets (Liabilities) Not Measured at Fair Value In Consolidated Balance Sheet - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Fixed-Rate Long-Term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt, carrying value	$ 180	$ 180

Loans Receivable - Components o

Loans Receivable - Components of Loans Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Gross	$ 91,489	$ 96,094
Allowance for Loan Losses	(12,363)	(12,970)	$ (10,699)	$ (11,454)
Unamortized Fees	(6,562)	(6,971)
Loans Receivable, Net of Allowances and Unamortized Fees	72,564	76,153
Credit Card Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Gross	87,768	90,406
Acquired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Gross	$ 3,721	$ 5,688

Loans Receivable - Aging of the

Loans Receivable - Aging of the Loans Receivable Balance (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans receivable	13.50%	14.60%
Current loans receivable	86.50%	85.40%
Balance of Credit Card Loans on Nonaccrual Status	$ 1,954	$ 2,110
30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans receivable	6.30%	6.90%
60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans receivable	3.10%	3.40%
90 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans receivable	4.10%	4.30%
Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees	$ 0	$ 0

Loans Receivable - Components_2

Loans Receivable - Components of the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Components of the Allowance For Loan Losses:
Beginning Balance	$ 12,970	$ 11,454
Provision for Loan Losses	4,255	4,492
Charge-offs	(5,484)	(5,619)
Recoveries	622	372
Ending Balance	$ 12,363	$ 10,699

Leases - Narrative (Details)

Leases - Narrative (Details)	Mar. 31, 2019
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	20 years

Leases - Total Lease Expense (D

Leases - Total Lease Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Finance Lease Cost:
Amortization of Right-of-Use Assets	$ 465
Interest on Lease Liabilities	114
Total Finance Lease Cost	579
Operating Lease Cost	29,285
Sublease Receipts	(732)
Total Lease Cost	29,864
Operating Lease Cost Classified within Operating Expenses
Finance Lease Cost:
Operating Lease Cost	29,213
Operating Lease Cost Classified within Restructuring Expenses, Net
Finance Lease Cost:
Operating Lease Cost	$ 804

Leases - Leasing Activities (De

Leases - Leasing Activities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating Cash Flows for Finance Leases	$ 113
Operating Cash Flows for Operating Leases	31,643
Financing Cash Flows for Finance Leases	574
Total Cash Paid for Amounts Included in Measurement of Lease Liabilities	32,330
Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities	0
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities	$ 6,587

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating Lease Assets	$ 370,282
Finance Lease Assets	2,578
Total Lease Assets	372,860
Operating Lease Liabilities	406,559
Finance Lease Liabilities	4,590
Total Lease Liabilities	$ 411,149

Leases - Summary of the Weighte

Leases - Summary of the Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term (Details)	Mar. 31, 2019
Weighted Average Discount Rate
Finance Leases	6.00%
Operating Leases	3.60%
Weighted Average Remaining Lease Term (in years)
Finance Leases	2 years
Operating Leases	5 years

Leases - Operating and Finance

Leases - Operating and Finance Lease Liability (Details) $ in Thousands	Mar. 31, 2019USD ($)
Operating Lease Liabilities, Payments Due [Abstract]
2019	$ 89,172
2020	104,166
2021	81,568
2022	61,345
2023	40,967
Thereafter	75,891
Total Undiscounted Cash Flows	453,109
Less: Interest	46,550
Finance Lease, Liability, Undiscounted Excess Amount	691
Present Value of Lease Liabilities	406,559
Finance Lease Liabilities, Payments, Due [Abstract]
2019	2,407
2020	2,028
2021	772
2022	74
2023	0
Thereafter	0
Total Undiscounted Cash Flows	5,281
Present Value of Lease Liabilities	4,590
Total
2019	91,579
2020	106,194
2021	82,340
2022	61,419
2023	40,967
Thereafter	75,891
Total Undiscounted Cash Flows	458,390
Less: Interest	47,241
Present Value of Lease Liabilities	$ 411,149

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019CAD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Other Commitments [Line Items]
Event of default, loan due In full, term	90 days
Portion that company might be obligated to repay in the event franchisees defaulted		$ 36.8
Fair value of franchisee-related borrowings		0.1	$ 0.3
Loan facility to franchisees, maximum commitment amount		55
Loss contingency accrual		1.7	1.4
Reserve for unfunded loan commitments		0.6	0.5
Unused credit card lines
Other Commitments [Line Items]
Remaining credit available		316	$ 316.4
Minimum
Other Commitments [Line Items]
Range of possible loss not accrued		0
Loss contingency, estimate of possible loss		2.6
Maximum
Other Commitments [Line Items]
Range of possible loss not accrued		1
Loss contingency, estimate of possible loss		$ 5.2
Franchise Loan Facility
Other Commitments [Line Items]
Loan facility maximum Canadian sub facility commitment amount	$ 25,000,000

Segments - Narrative (Details)

Segments - Narrative (Details)	3 Months Ended
	Mar. 31, 2019sourcesegments
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3
DAMI | Progressive Subsidiary
Business Acquisition [Line Items]
Sources of financial and leasing transactions acquired | source	1

Segments Segments - Revenue by

Segments Segments - Revenue by source and segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 1,012,103	$ 954,809
Progressive Leasing
Segment Reporting Information [Line Items]
Revenues	523,401	486,517
Aaron's Business
Segment Reporting Information [Line Items]
Revenues	480,056	458,750
DAMI
Segment Reporting Information [Line Items]
Revenues	8,646	9,542
Lease Revenues and Fees
Segment Reporting Information [Line Items]
Revenues	944,157	870,067
Lease Revenues and Fees | Progressive Leasing
Segment Reporting Information [Line Items]
Revenues	523,401	486,517
Lease Revenues and Fees | Aaron's Business
Segment Reporting Information [Line Items]
Revenues	420,756	383,550
Lease Revenues and Fees | DAMI
Segment Reporting Information [Line Items]
Revenues	0	0
Retail Sales
Segment Reporting Information [Line Items]
Revenues	12,809	8,516
Retail Sales | Progressive Leasing
Segment Reporting Information [Line Items]
Revenues	0	0
Retail Sales | Aaron's Business
Segment Reporting Information [Line Items]
Revenues	12,809	8,516
Retail Sales | DAMI
Segment Reporting Information [Line Items]
Revenues	0	0
Non-Retail Sales
Segment Reporting Information [Line Items]
Revenues	36,981	53,230
Non-Retail Sales | Progressive Leasing
Segment Reporting Information [Line Items]
Revenues	0	0
Non-Retail Sales | Aaron's Business
Segment Reporting Information [Line Items]
Revenues	36,981	53,230
Non-Retail Sales | DAMI
Segment Reporting Information [Line Items]
Revenues	0	0
Franchise Royalties and Fees
Segment Reporting Information [Line Items]
Revenues	9,207	12,862
Franchise Royalties and Fees | Progressive Leasing
Segment Reporting Information [Line Items]
Revenues	0	0
Franchise Royalties and Fees | Aaron's Business
Segment Reporting Information [Line Items]
Revenues	9,207	12,862
Franchise Royalties and Fees | DAMI
Segment Reporting Information [Line Items]
Revenues	0	0
Interest and Fees on Loans Receivable
Segment Reporting Information [Line Items]
Revenues	8,646	9,542
Interest and Fees on Loans Receivable | Progressive Leasing
Segment Reporting Information [Line Items]
Revenues	0	0
Interest and Fees on Loans Receivable | Aaron's Business
Segment Reporting Information [Line Items]
Revenues	0	0
Interest and Fees on Loans Receivable | DAMI
Segment Reporting Information [Line Items]
Revenues	8,646	9,542
Other
Segment Reporting Information [Line Items]
Revenues	303	592
Other | Progressive Leasing
Segment Reporting Information [Line Items]
Revenues	0	0
Other | Aaron's Business
Segment Reporting Information [Line Items]
Revenues	303	592
Other | DAMI
Segment Reporting Information [Line Items]
Revenues	0	0
Leases
Segment Reporting Information [Line Items]
Revenues	7,900	5,000
Transferred over Time | Franchise Royalties and Fees
Segment Reporting Information [Line Items]
Revenues	$ 7,000	$ 10,200

Segments - Information on Segme

Segments - Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total Earnings Before Income Taxes	$ 70,308	$ 66,752
Total Assets	3,237,966		$ 2,826,692
Progressive Leasing
Segment Reporting Information [Line Items]
Total Earnings Before Income Taxes	55,388	34,979
Total Assets	1,106,668		1,088,227
Aaron's Business
Segment Reporting Information [Line Items]
Total Earnings Before Income Taxes	17,588	33,079
Total Assets	1,774,858		1,483,102
DAMI
Segment Reporting Information [Line Items]
Total Earnings Before Income Taxes	(2,668)	$ (1,306)
Total Assets	89,533		95,341
Other
Segment Reporting Information [Line Items]
Total Assets	$ 266,907		$ 160,022

Segments - Information on Seg_2

Segments - Information on Segments and Reconciliation to Earnings Before Income Taxes from Continuing Operations- Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Impairment of Assets	$ 10,492	$ 0
Charges	13,281	906
Operating Segments | Aaron's Business
Segment Reporting Information [Line Items]
Inventory (principally raw materials and work-in-process)	14,500		$ 15,200
Restructuring Program 2016 | Operating Segments | Aaron's Business
Segment Reporting Information [Line Items]
Charges		$ 900
Maximum
Segment Reporting Information [Line Items]
Charges	$ 13,300

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) $ in Thousands	3 Months Ended		36 Months Ended	39 Months Ended
	Mar. 31, 2019USD ($)store	Mar. 31, 2018USD ($)	Dec. 31, 2018store	Mar. 31, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Document Period End Date	Mar. 31, 2019
Restructuring and related cost, number of store closures | store	84
Total Restructuring Expenses	$ 13,281	$ 906
Restructuring Program 2019
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	12,900
Restructuring Program 2016 and 2017
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	400	900		$ 39,700
Gain on Sale of Closed Store Properties
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, number of store closures | store			139
Total Restructuring Expenses	$ 0	$ (327)

Restructuring - Summary of Rest

Restructuring - Summary of Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	$ 13,281	$ 906
Right-of-Use Asset Impairment and Operating Lease Charges
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	9,522	719
Fixed Asset Impairment
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	1,497	0
Severance
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	1,136	514
Other Expenses
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	1,126	0
Other Expenses
Restructuring Cost and Reserve [Line Items]
Total Restructuring Expenses	$ 0	$ (327)

Restructuring - Summary of Accr

Restructuring - Summary of Accruals of Restructuring Programs (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring Expenses, Net		$ 13,281	$ 906
Contractual Lease Obligations
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	$ 8,472	8,472
Restructuring Charges		0
Payments		0
Balance at March 31, 2019		0
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Expenses, Net		1,136	$ 514
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	651	651
Restructuring Charges		1,136
Payments		(1,033)
Balance at March 31, 2019		754
Accounting Standards Update 2016-02 | Contractual Lease Obligations
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	0	0
Topic 842 Transition Adjustment	(8,472)
Accounting Standards Update 2016-02 | Severance
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	651	$ 651
Topic 842 Transition Adjustment	$ 0