SEC Info - Aaron's Inc - ‘10-Q’ for 9/30/19

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        10-Q 3Q2019                                         HTML   1.26M 
 2: EX-10.1     Exhibit 10.1 Third Amendment Retirement Plan        HTML     28K 
 3: EX-31.1     Exhibit 31.1 3Q2019                                 HTML     34K 
 4: EX-31.2     Exhibit 31.2 3Q2019                                 HTML     33K 
 5: EX-32.1     Exhibit 32.1 3Q2019                                 HTML     27K 
 6: EX-32.2     Exhibit 32.2 3Q2019                                 HTML     26K 
20: R1          Document and Entity Information                     HTML     79K 
46: R2          Condensed Consolidated Balance Sheets               HTML    104K 
67: R3          Condensed Consolidated Balance Sheets               HTML     46K 
                (Parenthetical)                                                  
33: R4          Condensed Consolidated Statements of Earnings       HTML    106K 
21: R5          Condensed Consolidated Statements of Comprehensive  HTML     41K 
                Income                                                           
47: R6          Condensed Consolidated Statements of Cash Flows     HTML    130K 
68: R7          Basis and Summary of Significant Accounting         HTML    391K 
                Policies                                                         
32: R8          Acquisitions                                        HTML     78K 
25: R9          Fair Value Measurement                              HTML     61K 
30: R10         Loans Receivable                                    HTML     74K 
23: R11         Leases                                              HTML    173K 
44: R12         Commitments and Contingencies                       HTML     53K 
69: R13         Segments                                            HTML    149K 
31: R14         Restructuring                                       HTML     67K 
24: R15         Basis and Summary of Significant Accounting         HTML    112K 
                Policies (Policies)                                              
45: R16         Basis and Summary of Significant Accounting         HTML    357K 
                Policies (Tables)                                                
70: R17         Acquisitions (Tables)                               HTML     72K 
34: R18         Fair Value Measurement (Tables)                     HTML     67K 
22: R19         Loans Receivable (Tables)                           HTML     88K 
59: R20         Leases (Tables)                                     HTML    123K 
64: R21         Segments (Tables)                                   HTML    146K 
41: R22         Restructuring (Tables)                              HTML     64K 
16: R23         Basis and Summary of Significant Accounting         HTML     36K 
                Policies - Narrative (Details)                                   
60: R24         Basis and Summary of Significant Accounting         HTML     31K 
                Policies - Store Count by Ownership Type (Details)               
65: R25         Basis and Summary of Significant Accounting         HTML     35K 
                Policies - Calculation of Dilutive Stock Awards                  
                (Details)                                                        
42: R26         Basis and Summary of Significant Accounting         HTML     70K 
                Policies - Revenue Recognition Narrative (Details)               
17: R27         Basis and Summary of Significant Accounting         HTML     33K 
                Policies - Accounts Receivable Net of Allowances                 
                (Details)                                                        
58: R28         Basis and Summary of Significant Accounting         HTML     30K 
                Policies - Components of the Accounts Receivable                 
                Provision (Details)                                              
66: R29         Basis and Summary of Significant Accounting         HTML     50K 
                Policies - Lease Merchandise (Details)                           
73: R30         Basis and Summary of Significant Accounting         HTML     32K 
                Policies - Credit Quality Indicators (Details)                   
49: R31         Basis and Summary of Significant Accounting         HTML     42K 
                Policies - Components of Prepaid Expenses and                    
                Other Assets (Details)                                           
19: R32         Basis and Summary of Significant Accounting         HTML     28K 
                Policies - Assets Held for Sale (Details)                        
29: R33         Basis and Summary of Significant Accounting         HTML     44K 
                Policies - Accounts Payable and Accrued Expenses                 
                (Details)                                                        
72: R34         Basis and Summary of Significant Accounting         HTML    105K 
                Policies - Statements of Stockholders' Equity                    
                (Details)                                                        
48: R35         Basis and Summary of Significant Accounting         HTML     30K 
                Policies - Related Party Transactions (Details)                  
18: R36         Basis and Summary of Significant Accounting         HTML     27K 
                Policies - Supplemental Disclosure of Noncash                    
                Investing Transactions (Details)                                 
28: R37         Basis and Summary of Significant Accounting         HTML     28K 
                Policies - Hurricane Impact (Details)                            
71: R38         Basis and Summary of Significant Accounting         HTML     37K 
                Policies - Recent Accounting Pronouncements                      
                (Details)                                                        
50: R39         Acquisitions - Narrative (Details)                  HTML     47K 
63: R40         Acquisitions - Franchisee Acquisition (Details)     HTML    106K 
56: R41         Acquisitions - Intangibles Acquired (Details)       HTML     39K 
15: R42         Fair Value Measurement - Summary of Financial       HTML     33K 
                Assets and Liabilities Measured at Fair Value on                 
                Recurring Basis (Details)                                        
40: R43         Fair Value Measurement - Assets Measured At Fair    HTML     35K 
                Value on Nonrecurring Basis (Details)                            
62: R44         Fair Value Measurement - Fair Value of Assets       HTML     33K 
                (Liabilities) Not Measured at Fair Value In                      
                Consolidated Balance Sheets (Details)                            
55: R45         Fair Value Measurement - Fair Value of Assets       HTML     27K 
                (Liabilities) Not Measured at Fair Value In                      
                Consolidated Balance Sheet - Additional                          
                Information (Details)                                            
14: R46         Loans Receivable - Components of Loans Receivable,  HTML     42K 
                Net (Details)                                                    
39: R47         Loans Receivable - Aging of the Loans Receivable    HTML     40K 
                Balance (Details)                                                
61: R48         Loans Receivable - Components of the Allowance for  HTML     39K 
                Loan Losses (Details)                                            
57: R49         Leases - Narrative (Details)                        HTML     29K 
52: R50         Leases - Total Lease Expense (Details)              HTML     43K 
74: R51         Leases - Leasing Activities (Details)               HTML     38K 
36: R52         Leases - Supplemental Balance Sheet Information     HTML     35K 
                Related to Leases (Details)                                      
26: R53         Leases - Summary of the Weighted-Average Discount   HTML     35K 
                Rate and Weighted-Average Remaining Lease Term                   
                (Details)                                                        
53: R54         Leases - Operating and Finance Lease Liability      HTML     81K 
                (Details)                                                        
75: R55         Commitments and Contingencies (Details)             HTML     60K 
37: R56         Segments - Narrative (Details)                      HTML     33K 
27: R57         Segments Segments - Revenue by source and segment   HTML     75K 
                (Details)                                                        
51: R58         Segments - Information on Segments and              HTML     62K 
                Reconciliation to Earnings Before Income Taxes                   
                from Continuing Operations (Details)                             
76: R59         Restructuring - Narrative (Details)                 HTML     43K 
38: R60         Restructuring - Summary of Restructuring Charges    HTML     40K 
                (Details)                                                        
12: R61         Restructuring - Summary of Accruals of              HTML     42K 
                Restructuring Programs (Details)                                 
35: XML         IDEA XML File -- Filing Summary                      XML    138K 
54: XML         XBRL Instance -- a2019q310-q_htm                     XML   2.89M 
43: EXCEL       IDEA Workbook of Financial Reports                  XLSX     94K 
 8: EX-101.CAL  XBRL Calculations -- aan-20190930_cal                XML    274K 
 9: EX-101.DEF  XBRL Definitions -- aan-20190930_def                 XML    609K 
10: EX-101.LAB  XBRL Labels -- aan-20190930_lab                      XML   1.63M 
11: EX-101.PRE  XBRL Presentations -- aan-20190930_pre               XML    970K 
 7: EX-101.SCH  XBRL Schema -- aan-20190930                          XSD    190K 
13: JSON        XBRL Instance as JSON Data -- MetaLinks              347±   518K 
77: ZIP         XBRL Zipped Folder -- 0000706688-19-000166-xbrl      Zip    295K

‘R9’ — Fair Value Measurement

This is an IDEA Financial Report. [ Alternative Formats ]

Fair Value Measurement

9 Months Ended

Sep. 30, 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)	September 30, 2019							December 31, 2018
	Level 1		Level 2			Level 3		Level 1		Level 2			Level 3
Deferred Compensation Liability	$	—	$	(10,708	)	$	—	$	—	$	(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)	September 30, 2019						December 31, 2018
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets Held for Sale	$	—	$	10,017	$	—	$	—	$	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)	September 30, 2019				December 31, 2018
	Level 1	Level 2		Level 3	Level 1	Level 2		Level 3
Fixed-Rate Long-Term Debt¹	—	(124,239	)	—	—	(183,765	)	—

¹The 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 $120.0 million and $180.0 million at September 30, 2019 and December 31, 2018, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	11/4/19	8-K
For Period end:	9/30/19
	12/31/18	10-K, 11-K, SD
		List all Filings

17 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/21/24  PROG Holdings, Inc.               10-K       12/31/23  115:13M
 2/22/23  PROG Holdings, Inc.               10-K       12/31/22  115:14M
 2/23/22  PROG Holdings, Inc.               10-K       12/31/21  110:13M
12/08/21  PROG Holdings, Inc.               SC TO-I/A              1:65K  PROG Holdings, Inc.               Donnelley … Solutions/FA
12/06/21  PROG Holdings, Inc.               SC TO-I/A              1:64K  PROG Holdings, Inc.               Donnelley … Solutions/FA
11/26/21  PROG Holdings, Inc.               SC TO-I/A              1:85K  PROG Holdings, Inc.               Donnelley … Solutions/FA
11/12/21  PROG Holdings, Inc.               SC TO-I/A  11/10/21    1:54K  PROG Holdings, Inc.               Donnelley … Solutions/FA
11/08/21  PROG Holdings, Inc.               SC TO-I/A              1:54K  PROG Holdings, Inc.               Donnelley … Solutions/FA
11/04/21  PROG Holdings, Inc.               SC TO-I                9:856K PROG Holdings, Inc.               Donnelley … Solutions/FA
 2/26/21  PROG Holdings, Inc.               10-K       12/31/20  107:13M
10/16/20  Aaron’s Inc.                      S-8 POS    10/16/20    3:89K                                    Donnelley … Solutions/FA
10/16/20  Aaron’s Inc.                      S-8 POS    10/16/20    3:89K                                    Donnelley … Solutions/FA
10/16/20  Aaron’s Inc.                      S-8 POS    10/16/20    3:89K                                    Donnelley … Solutions/FA
10/16/20  Aaron’s Inc.                      S-8 POS    10/16/20    3:89K                                    Donnelley … Solutions/FA
10/16/20  Aaron’s Inc.                      S-8 POS    10/16/20    3:89K                                    Donnelley … Solutions/FA
10/16/20  Aaron’s Inc.                      S-8 POS    10/16/20    3:89K                                    Donnelley … Solutions/FA
10/16/20  Aaron’s Inc.                      S-8 POS    10/16/20    3:89K                                    Donnelley … Solutions/FA

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Filing Submission 0000706688-19-000166 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Aaron's Inc – ‘10-Q’ for 9/30/19 – ‘R9’

On: Monday, 11/4/19, at 4:35pm ET · For: 9/30/19 · Accession #: 706688-19-166 · File #: 1-13941

Previous ‘10-Q’: ‘10-Q’ on 7/25/19 for 6/30/19 · Next: ‘10-Q’ on 5/7/20 for 3/31/20 · Latest: ‘10-Q’ on 7/29/20 for 6/30/20 · 17 References:

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R9’ — Fair Value Measurement

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

17 Subsequent Filings that Reference this Filing

Aaron's Inc – ‘10-Q’ for 9/30/19 – ‘R9’

On: Monday, 11/4/19, at 4:35pm ET · For: 9/30/19 · Accession #: 706688-19-166 · File #: 1-13941

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R9’ — Fair Value Measurement

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

17 Subsequent Filings that Reference this Filing

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents