2024 Q1 Form 10-K Financial Statement

#000093303624000048 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.096B $1.018B $3.992B
YoY Change 7.86% 2.79% -5.96%
Cost Of Revenue $566.9M $505.5M $1.970B
YoY Change 11.2% 2.1% -9.04%
Gross Profit $529.1M $512.6M $2.022B
YoY Change 4.5% 3.47% -2.75%
Gross Profit Margin 48.27% 50.35% 50.65%
Selling, General & Admin $427.0M $411.0M $1.591B
YoY Change 6.52% 5.3% -3.15%
% of Gross Profit 80.71% 80.18% 78.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.82M $36.06M $75.45M
YoY Change 31.36% 15.95% 10.99%
% of Gross Profit 4.12% 7.03% 3.73%
Operating Expenses $467.3M $447.3M $1.859B
YoY Change -13.68% 6.13% -3.71%
Operating Profit $61.76M $65.27M $162.9M
YoY Change -275.89% -11.67% 9.65%
Interest Expense $29.99M -$28.46M $113.4M
YoY Change 6.73% 7.78% 29.31%
% of Operating Profit 48.56% -43.59% 69.64%
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income $32.57M $27.44M $52.87M
YoY Change -151.88% 72.58% -14.0%
Income Tax $4.887M $38.69M $58.05M
% Of Pretax Income 15.0% 141.01% 109.8%
Net Earnings $27.69M -$11.25M -$5.179M
YoY Change -41.5% -532.85% -141.91%
Net Earnings / Revenue 2.53% -1.11% -0.13%
Basic Earnings Per Share $0.51 -$0.09
Diluted Earnings Per Share $0.50 -$0.23 -$0.09
COMMON SHARES
Basic Shares Outstanding 54.42M shares 54.29M shares 54.98M shares
Diluted Shares Outstanding 55.82M shares 54.98M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.79M $93.71M $93.71M
YoY Change -50.62% -34.97% -34.97%
Cash & Equivalents $84.79M $93.71M $93.71M
Short-Term Investments
Other Short-Term Assets $42.69M $50.26M $50.26M
YoY Change -4.72% 9.02% 9.02%
Inventory $1.188B $1.234B $1.234B
Prepaid Expenses
Receivables $108.4M $111.0M $111.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.424B $1.489B $1.489B
YoY Change 2.58% 4.35% 4.35%
LONG-TERM ASSETS
Property, Plant & Equipment $262.5M $273.1M $562.8M
YoY Change -8.83% -7.53% -5.84%
Goodwill $289.8M $289.8M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.82M $72.03M $72.03M
YoY Change -41.66% -13.11% -13.11%
Total Long-Term Assets $1.203B $1.232B $1.232B
YoY Change -11.09% -7.8% -7.8%
TOTAL ASSETS
Total Short-Term Assets $1.424B $1.489B $1.489B
Total Long-Term Assets $1.203B $1.232B $1.232B
Total Assets $2.627B $2.721B $2.721B
YoY Change -4.16% -1.53% -1.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $119.8M $177.2M $177.2M
YoY Change 0.95% 14.06% 14.06%
Accrued Expenses $596.4M $616.3M $498.0M
YoY Change -4.37% -1.57% -2.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $716.3M $793.6M $712.5M
YoY Change -3.52% 1.53% 1.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.289B $1.307B $1.307B
YoY Change -2.96% -4.55% -4.55%
Other Long-Term Liabilities $81.09M
YoY Change -1.11%
Total Long-Term Liabilities $1.289B $1.307B $1.388B
YoY Change -2.96% -4.55% -4.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $716.3M $793.6M $712.5M
Total Long-Term Liabilities $1.289B $1.307B $1.388B
Total Liabilities $2.049B $2.161B $2.161B
YoY Change -1.07% -3.46% -3.46%
SHAREHOLDERS EQUITY
Retained Earnings $1.002B $994.9M
YoY Change -9.33% -7.64%
Common Stock $1.471B $1.461B
YoY Change 4.08% 12.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.891B $1.891B
YoY Change 2.74% 2.74%
Treasury Stock Shares
Shareholders Equity $578.3M $560.4M $560.4M
YoY Change
Total Liabilities & Shareholders Equity $2.627B $2.721B $2.721B
YoY Change -4.16% -1.53% -1.53%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $27.69M -$11.25M -$5.179M
YoY Change -41.5% -532.85% -141.91%
Depreciation, Depletion And Amortization $21.82M $36.06M $75.45M
YoY Change 31.36% 15.95% 10.99%
Cash From Operating Activities $45.42M -$19.65M $200.3M
YoY Change -56.91% -134.84% -57.25%
INVESTING ACTIVITIES
Capital Expenditures $11.82M $17.24M $53.40M
YoY Change 23.95% 43.63% -13.01%
Acquisitions $0.00 $39.00K
YoY Change -100.0% -96.08%
Other Investing Activities $97.00K $2.469M $2.445M
YoY Change -1334.5% -371.67%
Cash From Investing Activities -$11.72M -$14.77M -$50.96M
YoY Change 22.47% 22.03% -18.25%
FINANCING ACTIVITIES
Cash Dividend Paid $21.49M $83.06M
YoY Change -15.77% 4.88%
Common Stock Issuance & Retirement, Net $50.00M
YoY Change -33.38%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$42.80M 21.63M -$202.1M
YoY Change -38.33% -132.68% -45.48%
NET CHANGE
Cash From Operating Activities $45.42M -19.65M $200.3M
Cash From Investing Activities -$11.72M -14.77M -$50.96M
Cash From Financing Activities -$42.80M 21.63M -$202.1M
Net Change In Cash -$8.912M -12.78M -$50.44M
YoY Change -132.34% -41.63% -240.85%
FREE CASH FLOW
Cash From Operating Activities $45.42M -$19.65M $200.3M
Capital Expenditures $11.82M $17.24M $53.40M
Free Cash Flow $33.60M -$36.89M $146.9M
YoY Change -64.95% -183.08% -63.92%

Facts In Submission

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CY2023 us-gaap Payments For Repurchase Of Common Stock
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PaymentsOfDividends
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InterestPaidNet
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CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2023 us-gaap Number Of Operating Segments
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CY2023Q4 upbd Numberofcompanyownedstoresnationwideandin Canadaand Puerto Rico
NumberofcompanyownedstoresnationwideandinCanadaandPuertoRico
1839 store
CY2023Q4 upbd Numberofretailinstallmentsalesstores
Numberofretailinstallmentsalesstores
52 store
CY2023Q4 upbd Numberofstoresin Mexico
NumberofstoresinMexico
131 store
CY2023Q4 upbd Numberof Franchisedstores
NumberofFranchisedstores
440 store
CY2023Q4 upbd Numberofstateswith Franchisedstores
NumberofstateswithFranchisedstores
30
CY2023 upbd Minimum Periodin Heldfor Rentstatusneededfordepreciationofmerchandise
MinimumPeriodinHeldforRentstatusneededfordepreciationofmerchandise
P180D
CY2023 upbd Maximum Periodusedfordepreciationof Merchandise Heldfor Rent
MaximumPeriodusedfordepreciationofMerchandiseHeldforRent
P18M
CY2023 upbd Maximum Periodusedfordepreciationofsmartphones Heldfor Rent
MaximumPeriodusedfordepreciationofsmartphonesHeldforRent
P18M
CY2023 upbd Minimum Periodin Heldfor Rentstatusneededfordepreciationofsmartphones
MinimumPeriodinHeldforRentstatusneededfordepreciationofsmartphones
P90D
CY2023 upbd Maximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandisefor Rent A Centerand Mexicosegments
MaximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandiseforRentACenterandMexicosegments
P90D
CY2023 upbd Maximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandisefor Preferred Leasesegment
MaximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandiseforPreferredLeasesegment
P150D
CY2023 upbd Reserves For Merchandise Losses
ReservesForMerchandiseLosses
84700000 usd
CY2022 upbd Reserves For Merchandise Losses
ReservesForMerchandiseLosses
93600000 usd
CY2023 upbd Minimum Periodof Past Due Requiredto Charge Offinstallment Notes
MinimumPeriodofPastDueRequiredtoChargeOffinstallmentNotes
P120D
CY2023 upbd Maximumperiodincurrentstatusallowedto Franchiseesforpaymentofreceivables
MaximumperiodincurrentstatusallowedtoFranchiseesforpaymentofreceivables
P30D
CY2023 upbd Minimumperiodofpastduerequiredtowriteoffreceivablesfrom Franchisees
MinimumperiodofpastduerequiredtowriteoffreceivablesfromFranchisees
P90D
CY2023 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
11400000 usd
CY2022 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
12100000 usd
CY2023 upbd Amortizationperiodforacquiredcustomerrelationships
Amortizationperiodforacquiredcustomerrelationships
P21M
CY2023 upbd Amortizationperiodforvendorrelationshipsminimum
Amortizationperiodforvendorrelationshipsminimum
P7Y
CY2023 upbd Amortizationperiodforvendorrelationshipsmaximum
Amortizationperiodforvendorrelationshipsmaximum
P15Y
CY2021 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
12200000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
63100000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
53600000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
73900000 usd
CY2023 upbd Vendor Allowances
VendorAllowances
21700000 usd
CY2022 upbd Vendor Allowances
VendorAllowances
20000000 usd
CY2021 upbd Vendor Allowances
VendorAllowances
21600000 usd
CY2023Q4 upbd Rental Merchandise Heldfor Rent Cost
RentalMerchandiseHeldforRentCost
146024000 usd
CY2022Q4 upbd Rental Merchandise Heldfor Rent Cost
RentalMerchandiseHeldforRentCost
159399000 usd
CY2023Q4 upbd Rental Merchandise Held For Rent Accumulated Depreciation
RentalMerchandiseHeldForRentAccumulatedDepreciation
21857000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications may be made to the reported amounts for prior periods to conform to the current period presentation. These reclassifications have no impact on net earnings or earnings per share in any period. There were no reclassifications of reported amounts for prior periods included in the financial statements of our Annual Report on Form 10-K for the year ended December 31, 2023.</span></div>
CY2023 upbd Rentals And Fees
RentalsAndFees
3261678000 usd
CY2023 upbd Merchandise Sales
MerchandiseSales
541766000 usd
CY2023 upbd Installment Sales
InstallmentSales
63630000 usd
CY2023 upbd Other Store Revenue
OtherStoreRevenue
5869000 usd
CY2023 upbd Storerevenues
Storerevenues
3872943000 usd
CY2023 upbd Franchise Merchandise Sales
FranchiseMerchandiseSales
95054000 usd
CY2023 upbd Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
24416000 usd
CY2023 us-gaap Revenues
Revenues
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CY2022 upbd Rentals And Fees
RentalsAndFees
3375453000 usd
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MerchandiseSales
675288000 usd
CY2022 upbd Installment Sales
InstallmentSales
72328000 usd
CY2022 upbd Other Store Revenue
OtherStoreRevenue
4975000 usd
CY2022 upbd Storerevenues
Storerevenues
4128044000 usd
CY2022 upbd Franchise Merchandise Sales
FranchiseMerchandiseSales
91350000 usd
CY2022 upbd Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
25998000 usd
CY2022 us-gaap Revenues
Revenues
4245392000 usd
CY2021 upbd Rentals And Fees
RentalsAndFees
3522453000 usd
CY2021 upbd Merchandise Sales
MerchandiseSales
829222000 usd
CY2021 upbd Installment Sales
InstallmentSales
73585000 usd
CY2021 upbd Other Store Revenue
OtherStoreRevenue
4148000 usd
CY2021 upbd Storerevenues
Storerevenues
4429408000 usd
CY2021 upbd Franchise Merchandise Sales
FranchiseMerchandiseSales
126856000 usd
CY2021 upbd Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
27187000 usd
CY2021 us-gaap Revenues
Revenues
4583451000 usd
CY2023Q4 upbd Rental Purchase Agreement Deferred Revenue
RentalPurchaseAgreementDeferredRevenue
68600000 usd
CY2022Q4 upbd Rental Purchase Agreement Deferred Revenue
RentalPurchaseAgreementDeferredRevenue
71200000 usd
CY2023Q4 upbd Other Deferred Revenue
OtherDeferredRevenue
1100000 usd
CY2022Q4 upbd Other Deferred Revenue
OtherDeferredRevenue
2000000 usd
CY2023Q4 upbd Franchise Fee Deferred Revenue
FranchiseFeeDeferredRevenue
3000000 usd
CY2022Q4 upbd Franchise Fee Deferred Revenue
FranchiseFeeDeferredRevenue
3400000 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
125259000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
125079000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14254000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13214000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
111005000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
111865000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13214000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8479000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8047000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
25869000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24658000 usd
CY2021 upbd Accounts Receivable Credit Loss Expense Reversal Difference Due To Rounding
AccountsReceivableCreditLossExpenseReversalDifferenceDueToRounding
14397000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
24829000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
19923000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
13965000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14254000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13214000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8479000 usd
CY2023Q4 upbd Rental Merchandiseon Rent Cost
RentalMerchandiseonRentCost
1762458000 usd
CY2022Q4 upbd Rental Merchandiseon Rent Cost
RentalMerchandiseonRentCost
1629394000 usd
CY2023Q4 upbd Rental Merchandise On Rent Accumulated Depreciation
RentalMerchandiseOnRentAccumulatedDepreciation
652562000 usd
CY2022Q4 upbd Rental Merchandise On Rent Accumulated Depreciation
RentalMerchandiseOnRentAccumulatedDepreciation
639525000 usd
CY2023Q4 upbd Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
1109896000 usd
CY2022Q4 upbd Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
989869000 usd
CY2022Q4 upbd Rental Merchandise Held For Rent Accumulated Depreciation
RentalMerchandiseHeldForRentAccumulatedDepreciation
24440000 usd
CY2023Q4 upbd Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
124167000 usd
CY2022Q4 upbd Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
134959000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
481347000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
479714000 usd
CY2023Q4 upbd Buildingand Leasehold Improvements
BuildingandLeaseholdImprovements
214498000 usd
CY2022Q4 upbd Buildingand Leasehold Improvements
BuildingandLeaseholdImprovements
207613000 usd
CY2023Q4 upbd Furnitureand Equipment
FurnitureandEquipment
151844000 usd
CY2022Q4 upbd Furnitureand Equipment
FurnitureandEquipment
158843000 usd
CY2023Q4 upbd Transportation Equipment
TransportationEquipment
1179000 usd
CY2022Q4 upbd Transportation Equipment
TransportationEquipment
752000 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
35370000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
25124000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
884238000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
872046000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
611120000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
576675000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
273118000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
295371000 usd
CY2023Q4 upbd Capitalized Software Costin Constructionin Progress
CapitalizedSoftwareCostinConstructioninProgress
30000000 usd
CY2022Q4 upbd Capitalized Software Costin Constructionin Progress
CapitalizedSoftwareCostinConstructioninProgress
19800000 usd
CY2023 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
15900000 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
20500000 usd
CY2021 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
12300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2023 us-gaap Sublease Income
SubleaseIncome
3913000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
7128000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
11806000 usd
CY2023 us-gaap Lease Cost
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126405000 usd
CY2022 us-gaap Lease Cost
LeaseCost
123848000 usd
CY2021 us-gaap Lease Cost
LeaseCost
124033000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
37700000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
36200000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
33700000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
105438000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
104281000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
107588000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
19306000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
18639000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17266000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
68707000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
99952000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
100779000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.078
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2023 upbd Weightedaverageremainingleaseterm
Weightedaverageremainingleaseterm
P4Y
CY2022 upbd Weightedaverageremainingleaseterm
Weightedaverageremainingleaseterm
P4Y
CY2021 upbd Weightedaverageremainingleaseterm
Weightedaverageremainingleaseterm
P4Y
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
107276000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
92161000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
66931000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
45140000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
23229000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
32564000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
367301000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
73866000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
293435000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
289750000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
289750000 usd
CY2023 us-gaap Goodwill Acquired During Period
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0 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
289750000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
289750000 usd
CY2023Q4 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
77318000 usd
CY2022Q4 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
87298000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
72605000 usd
CY2022Q4 us-gaap Deferred Revenue
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73953000 usd
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39419000 usd
CY2022Q4 upbd Accrued Compensationexcludes Payroll Taxes
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22880000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
616670000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
315272000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
616659000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
257250000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58022000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
65890000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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102742000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
46378000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
44604000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
44604000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
44604000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
39638000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
81570000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
301398000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
27672000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
32519000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
25137000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24309000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
21491000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
27428000 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
15767000 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
8034000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
8750000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
7650000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
8488000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
8025000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
26258000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
28528000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
322905000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
320624000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
38375000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
43977000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
176042000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14492000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
17494000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
18262000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52867000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52867000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61471000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
194304000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.571
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.534
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.116
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.165
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.134
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.074
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.195
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.066
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.020
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.132
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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0.017
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.009
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.017
CY2021 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.114
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.071
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.010
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.008
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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1.098
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0.799
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.306
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
58480000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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9644000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
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21473000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
15106000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4385000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4570000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3690000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
72509000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
88921000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11398000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1316000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
12305000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58046000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
20852000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
64410000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
55527000 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
143386000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
155238000 usd
CY2023Q4 upbd Deferred Tax Assets Lease Obligation
DeferredTaxAssetsLeaseObligation
79645000 usd
CY2022Q4 upbd Deferred Tax Assets Lease Obligation
DeferredTaxAssetsLeaseObligation
81412000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4082000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
8804000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
856000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2991000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
313231000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
331031000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9340000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3158000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
303891000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
327873000 usd
CY2023Q4 upbd Deferred Tax Liabilities Rental Merchandise
DeferredTaxLiabilitiesRentalMerchandise
212137000 usd
CY2022Q4 upbd Deferred Tax Liabilities Rental Merchandise
DeferredTaxLiabilitiesRentalMerchandise
236381000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2089000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
16415000 usd
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CY2023 us-gaap Loss Contingency Disclosures
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Contingencies <div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, we, along with our subsidiaries, are party to various legal proceedings and governmental inquiries arising in the ordinary course of business. We reserve for loss contingencies that are both probable and reasonably estimable. We regularly monitor developments related to these legal proceedings, and review the adequacy of our legal reserves on a quarterly basis. We do not currently expect these losses to have a material impact on our consolidated financial statements if and when </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">such losses are incurred. Nevertheless, we cannot predict the impact of future developments affecting our claims and lawsuits, and any resolution of a claim or lawsuit or reserve within a particular fiscal period may materially and adversely impact our results of operations for that period. In addition, claims and lawsuits against us may seek injunctive or other relief that requires changes to our business practices or operations and it is possible that any required changes may materially and adversely impact our business, financial condition, results of operations or reputation.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Unclaimed Property.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> We are subject to unclaimed property audits by states in the ordinary course of business. The property subject to review in the audit process includes unclaimed wages, vendor payments and customer refunds. State escheat laws generally require entities to report and remit abandoned and unclaimed property to the state. Failure to timely report and remit the property can result in assessments that could include interest and penalties, in addition to the payment of the escheat liability itself. We routinely remit escheat payments to states and believe we are in compliance with applicable escheat laws.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Consumer Financial Protection Bureau Investigation.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> In December 2020, prior to the execution of the definitive agreement to acquire Acima, Acima received a Civil Investigative Demand dated October 1, 2020 (the “CID”) from the CFPB requesting certain information, documents and data relating to Acima’s products, services and practices for the period from January 1, 2015 to the dates on which responses to the CID are provided in full. The purpose of the CID was to determine whether Acima extends credit, offers leases, or otherwise offers or provides a consumer financial product or service and whether Acima complies with certain consumer financial protection laws. After the original CID, the CFPB issued subsequent CIDs requesting further information, documents and testimony. Acima has completed its responses to all CIDs and has been cooperating with the CFPB throughout their investigation.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 16, 2023, in accordance with the CFPB’s Notice and Opportunity to Respond and Advise (“NORA”) process, the CFPB staff notified Acima that the staff may allege that Acima violated the Consumer Financial Protection Act of 2010; the Truth in Lending Act and its implementing regulation, Regulation Z; the Electronic Fund Transfer Act and its implementing regulation, Regulation E; and the Fair Credit Reporting Act and its implementing regulation, Regulation V. The CFPB staff further stated that the CFPB’s Office of Enforcement may recommend that the CFPB take legal action against Acima based on these potential allegations, and, in connection therewith, the staff may seek remedies including restitution, disgorgement, damages, injunctive relief, and civil money penalties. On June 20, 2023, Acima submitted its response to the NORA notice, in which Acima asserted that the staff’s potential allegations lacked merit.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of the date of this Annual Report on Form 10-K, we have not yet received the CFPB’s response to Acima's submission in accordance with the NORA process. We are currently unable to predict the CFPB’s response to the NORA process or the ultimate timing or outcome of the CFPB investigation or any legal proceedings arising therefrom.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On the terms and subject to the conditions set forth in the definitive agreement to acquire Acima, the former owners of Acima agreed to indemnify Upbound Group, Inc. for certain losses arising after the consummation of the transaction with respect to the CID. The indemnification obligations of the former owners of Acima with respect to the CID are limited to the remaining amount of an indemnity holdback which is now approximately $45 million of a $50 million initial holdback escrowed at the closing of the transaction for the CID and other matters and will be Upbound Group, Inc.’s sole recourse against the former owners of Acima with respect to all of the indemnifiable claims under the definitive transaction agreement. On May 19, 2023, in light of the above-referenced NORA notice, we submitted an indemnification claim notice pursuant to the definitive agreement to acquire Acima. As of February 27, 2024, approximately $45 million remains escrowed in respect of the CID.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There can be no assurance that the remaining escrowed amount will be sufficient to address all covered losses or that the CFPB’s ongoing investigation or future exercise of its enforcement, regulatory, discretionary or other powers will not result in findings or alleged violations of consumer financial protection laws that could lead to enforcement actions, proceedings or litigation, whether by the CFPB, other state or federal agencies, or other parties, and the imposition of damages, fines, penalties, restitution, other monetary liabilities, sanctions, settlements or changes to Acima’s business practices or operations that could materially and adversely affect our business, financial condition, results of operations or reputation.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Multi-state Attorneys' General Investigation.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> On November 1, 2021, Acima received a letter from the Nebraska Attorney General’s office stating that the Attorney General of Nebraska, along with a coalition of thirty-eight state Attorneys General, initiated a multi-state investigation into the business acts and practices of Acima and that a civil investigative demand(s) and/or subpoena(s) pursuant to respective state consumer protection laws will be forthcoming. Since receiving the letter, we have held multiple discussions with officials at the lead attorneys' general offices and, based on those discussions, it is our understanding that the investigation is looking at business practices within the virtual lease-to-own industry and includes or will include multiple companies. In April 2022, we received a request for information and documents. The multi-state attorneys' general group is currently scheduled to present their findings from their investigation to Acima in March 2024. Pending that meeting, </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Acima is continuing to cooperate with the investigation. We are currently unable to predict the eventual scope, timing or outcome of this matter.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">New York Attorney General Investigation. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The New York Attorney General (the “NYAG”) issued a subpoena to our Acima subsidiary in January 2020 seeking information with respect to various business practices in connection with Acima’s lease-to-own transactions. Acima received additional subpoenas from the NYAG in August 2021 and July 2023. Since receiving the subpoenas, we have cooperated with the NYAG in connection with its investigation. In March 2023, the NYAG provided Acima with an initial proposed assurance of discontinuance alleging violations of certain consumer laws, seeking injunctive relief regarding certain business practices, and seeking payment of unspecified amounts for restitution and civil penalties. Acima is currently discussing resolution of this matter with the NYAG. Absent resolution, the NYAG has indicated an intention to bring an action which is likely to allege violations of certain consumer laws, seek injunctive relief regarding certain business practices, and request restitution and civil penalties. We are currently unable to predict the ultimate timing or outcome of the NYAG investigation, the current settlement negotiations or any legal proceedings arising from this matter.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Former Massachusetts Attorney General Investigation.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Massachusetts Attorney General (the “MAG”) issued a civil investigative demand in 2018 seeking information with respect to certain of our business practices, including regarding account management and certain other business practices in connection with our lease-to-own transactions. Since receiving such demand, we have cooperated with the MAG in connection with its investigation. In November 2023, the parties finalized the settlement of this matter in the form of an assurance of discontinuance that was filed with the Superior Court of the Commonwealth of Massachusetts. In the agreement and in consideration of the final resolution of this matter, we agreed to pay a total of $8.75 million to the Commonwealth of Massachusetts along with certain assurances of discontinuance, including implementing (1) certain account management requirements, with a focus on our communications with our customers in default and other account management requirements, and (2) certain compliance requirements including employee training and annual reports to the MAG for a period of time. We did not admit to any violations of law or any wrongdoing and entered into the agreement to avoid the expense, risk and distractions associated with potential protracted litigation. As of December 31, 2023, taking into consideration the assurance of discontinuance entered in November 2023, we reserved the amount of $8.75 million as a loss contingency for this matter in our consolidated financial statements. In accordance with our practices, substantially all of this loss contingency was previously accrued in prior quarterly financial statements taking into account the then current status of the settlement negotiations.</span></div>
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CY2023 upbd Maximum Deferral Percentageof Bonus Compensationunder Deferred Compensation Plan
MaximumDeferralPercentageofBonusCompensationunderDeferredCompensationPlan
1
CY2023 us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1
P2Y
CY2023 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
70000 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
120000 usd
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
170000 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
0.50
CY2023 upbd Deferred Compensation Arrangementwith Individual Maximum Contribution Percentof Compensation
DeferredCompensationArrangementwithIndividualMaximumContributionPercentofCompensation
0.06
CY2023 upbd Discretionary Contributionunder Deferred Compensation Plan
DiscretionaryContributionunderDeferredCompensationPlan
0 usd
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
8500000 usd
CY2022Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
8000000 usd
CY2023 upbd Defined Contribution Plan Employee Service Requirement Minimum
DefinedContributionPlanEmployeeServiceRequirementMinimum
P3M
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.50
CY2023 upbd Defined Contribution Plan Employer Matching Contribution Vesting
DefinedContributionPlanEmployerMatchingContributionVesting
P2Y
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6000000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6400000 usd
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2023 upbd Defined Contribution Plan Percentof Company Stock Purchased
DefinedContributionPlanPercentofCompanyStockPurchased
0.046
CY2022 upbd Defined Contribution Plan Percentof Company Stock Purchased
DefinedContributionPlanPercentofCompanyStockPurchased
0.037
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
400000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2023Q4 upbd Numberofretailinstallmentsalesstores
Numberofretailinstallmentsalesstores
52 store
CY2023 upbd Royalty Fee Percentage Minimum
RoyaltyFeePercentageMinimum
0.020
CY2023 upbd Royalty Fee Percentage Maximum
RoyaltyFeePercentageMaximum
0.060
CY2023 us-gaap Revenues
Revenues
3992413000 usd
CY2022 us-gaap Revenues
Revenues
4245392000 usd
CY2021 us-gaap Revenues
Revenues
4583451000 usd
CY2023 us-gaap Gross Profit
GrossProfit
2022258000 usd
CY2022 us-gaap Gross Profit
GrossProfit
2079532000 usd
CY2021 us-gaap Gross Profit
GrossProfit
2235012000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
162865000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
148538000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
280539000 usd
CY2023 upbd Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
51321000 usd
CY2022 upbd Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
53079000 usd
CY2021 upbd Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
54830000 usd
CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
53402000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
61387000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
62450000 usd
CY2023Q4 upbd Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
1109896000 usd
CY2022Q4 upbd Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
989869000 usd
CY2023Q4 upbd Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
124167000 usd
CY2022Q4 upbd Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
134959000 usd
CY2023Q4 us-gaap Assets
Assets
2721430000 usd
CY2022Q4 us-gaap Assets
Assets
2763619000 usd
CY2023Q4 us-gaap Assets
Assets
2721430000 usd
CY2022Q4 us-gaap Assets
Assets
2763619000 usd
CY2023 upbd Rentals And Fees
RentalsAndFees
3261678000 usd
CY2022 upbd Rentals And Fees
RentalsAndFees
3375453000 usd
CY2021 upbd Rentals And Fees
RentalsAndFees
3522453000 usd
CY2023 us-gaap Revenues
Revenues
3992413000 usd
CY2022 us-gaap Revenues
Revenues
4245392000 usd
CY2021 us-gaap Revenues
Revenues
4583451000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-5179000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
12357000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
134940000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54978000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53850000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57053000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5116000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9786000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54978000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58966000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66839000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.37
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.02
CY2023 dei Auditor Name
AuditorName
Ernst & Young, LLP
CY2023 dei Auditor Location
AuditorLocation
Dallas, TX
CY2023 dei Auditor Firm
AuditorFirmId
42

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