text stringlengths 198 2.89k |
|---|
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
financial institutions from time to time party thereto and Truist Bank, as administrative agent, dated October 22, 2021 (incorporate by reference to Exhibit 10.3 to the Registrant’s Quarterly Report... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
10.10†
Credit Agreement, dated as of April 1, 2022, among Aaron’s, LLC as the borrower, The Aaron’s Company, Inc., the several banks and other financial institutions from time to time party thereto ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ist Bank, in its capacity as administrative agent (incorporated herein by reference to Exhibit 10.2 of the Registrant’s Current Report on Form 8-K filed with the SEC on April 1, 2022).
10.12*
Amend... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
23, 2023.
Management Contracts and Compensatory Plans or Arrangements
10.14
Aaron’s 401(k) Retirement Plan (incorporated by reference to Exhibit 99.1 to the Registrant’s Registration Statement on... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Plan for Non-Employee Directors, effective as of January 1, 2021. (incorporated by reference to Exhibit 10.10 of the Registrant's Annual Report on Form 10-K filed with the SEC on February 23, 2021).... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
by reference to Exhibit 10.12 of the Registrant's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on February 23, 2021).
10.19
The Aaron’s Company, Inc. 2020 E... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on February 23, 2021).
10.21**
Amendment to Form of Executive Performance Share Award Agreement under the Aaron's, Inc.... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Form 10-K for the year ended December 31, 2020, filed with the SEC on February 23, 2021).
10.23**
Form of Director Restricted Stock Unit Award Agreement under the Aaron’s, Inc. 2015 Equity and Inc... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
November 19, 2020).
10.25
The Aaron’s Company, Inc. Deferred Compensation Plan (incorporated by reference to Exhibit 99.3 to the Registrant’s Registration Statement on Form S-8 (333-250900) filed ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
-in-Control Agreement by and between The Aaron’s Company, Inc. and Kelly Wall, dated as of November 30, 2020 (incorporated by reference to Exhibit 10.11 of the Registrants Current Report on Form 8-K ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Registrant’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on February 23, 2021).
10.30
Transition Agreement, dated as of November 30, 2020, by and among PROG... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
nification Agreement (incorporated by reference to Exhibit 10.9 of the Registrant’s Current Report on Form 8-K filed with the SEC on December 1, 2020).
10.32
The Aaron’s Company, Inc. Compensation ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Registrant's Annual Report on Form 10-K filed with the SEC on February 24, 2022).
10.34
The Aaron’s Company, Inc. Amended and Restated 2020 Equity and Incentive Plan (incorporated by reference... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the SEC on February 24, 2022).
10.36
Form of Executive Performance Share Award Agreement under The Aaron’s Company, Inc. Amended and Restated 2020 Equity and Incentive Plan (incorporated by refere... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Stock Award Agreement under The Aaron’s Company, Inc. Amended and Restated 2020 Equity and Incentive Plan (incorporated by reference to Exhibit 10.1 of the Registrant’s Quarterly Report on Form 10-Q... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Sarbanes-Oxley Act of 2002.
32.1*
Certification of the Chief Executive Officer of The Aaron’s Company, Inc. furnished herewith pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2*... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
101.DEF
XBRL Taxonomy Extension Definition Linkbase Document
101.LAB
XBRL Taxonomy Extension Labels Linkbase Document
101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document
104
Cover P... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
subject to the same terms and conditions as this form of agreement.
(b) EXHIBITS
The exhibits listed in Item 15(a)(3) are included elsewhere in this Report.
(c) FINANCIAL STATEMENTS AND SCHEDULES... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Company, Inc.
By:
/s/ C. Kelly Wall
C. Kelly Wall
Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Laura N. Bailey
/s/ Kelly H. Barrett
Director
Kelly H. Barrett
/s/ Walter G. Ehmer
Director
Walter G. Ehmer
/s/ Hubert L. Harris, Jr.
Director
Hubert L. Harris, Jr.
/s/ Timothy A. Johnson
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________
FORM 10-Q
________________________________
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
85-2483376
(State or other jurisdiction ofincorporation or organization)
(I. R. S. EmployerIdentification No.)
400 Galleria Parkway SE
Suite 300
Atlanta
Georgia
30339-3182
(Address of princ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the registrant (l) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the regis... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definition of "large accelerated filer... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes
No
Indicate the number of shares outstanding of each of... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
arnings (Unaudited) – Three Months Ended March 31, 2023 and 2022
Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) – Three Months Ended March 31, 2023 and 2022
Condensed ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
45
Item 1A. Risk Factors
45
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
45
Item 3. Defaults Upon Senior Securities
45
Item 4. Mine Safety Disclosures
45
Item 5. Other... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Accounts Receivable (net of allowances of $5,908 at March 31, 2023 and $8,895 at December 31, 2022)
30,286
38,191
Lease Merchandise (net of accumulated depreciation and allowances of $423,541 at M... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
863
118,528
Income Tax Receivable
3,809
5,716
Prepaid Expenses and Other Assets
101,018
96,436
Total Assets
1,826,100
1,858,463
LIABILITIES & SHAREHOLDERS’ EQUITY:
Accounts Payable and Ac... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
6)
SHAREHOLDERS' EQUITY:
Common Stock, Par Value $0.50 Per Share: Authorized: 112,500,000 Shares at March 31, 2023 and December 31, 2022; Shares Issued: 36,596,057 at March 31, 2023 and 36,100,011... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
at March 31, 2023 and 5,480,353 at December 31, 2022
(141,292)
(138,753)
Total Shareholders’ Equity
703,903
695,402
Total Liabilities & Shareholders’ Equity
1,826,100
1,858,463
The accompan... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,546
12,607
Non-Retail Sales
23,935
27,827
Franchise Royalties and Other Revenues
6,085
6,330
554,361
456,082
COSTS OF REVENUES:
Depreciation of Lease Merchandise and Other Lease Revenue C... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
vision for Lease Merchandise Write-Offs
20,160
21,957
Restructuring Expenses, Net
5,289
3,335
Separation Costs
129
540
Acquisition-Related Costs
1,848
3,464
283,016
254,765
OPERATING PR... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
PER SHARE
0.42
0.69
EARNINGS PER SHARE ASSUMING DILUTION
0.41
0.68
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements
THE AARON’S COMPANY, INC.
CO... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
) Income
(666)
392
Comprehensive Income
12,132
21,924
As of March 31, 2023, the Unrealized Loss on Derivative Instruments and the Foreign Currency Translation Adjustment are presented net of ta... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Reconcile Net Earnings to Cash Provided by Operating Activities:
Depreciation of Lease Merchandise
123,291
134,713
Other Depreciation and Amortization
22,570
18,149
Provision for Lease Mercha... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
116,820)
(153,711)
Merchandise Inventories
9,801
Accounts Receivable
1,016
(4,190)
Prepaid Expenses and Other Assets
1,346
(11,610)
Income Tax Receivable
1,907
876
Operating Lease Right-... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
positions of Property, Plant, and Equipment
2,149
8,136
Acquisition of Businesses and Customer Agreements, Net of Cash Acquired
(286)
Proceeds from Other Investing-Related Activities
190
Cash ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
for Tax Payments
(2,539)
(3,541)
Cash Used in Financing Activities
(26,324)
(21,321)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
(25)
18
Increase (Decrease) in Cash and Cas... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(Unaudited)
NOTE 1. BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Inflationary and other economic pressures, general macroeconomic conditions, rising interest rates, and the novel coronav... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and Exchange Commission on March 1, 2023 (the "2022 Annual Report").
Description of Business
The Aaron's Company, Inc. (the "Company") is a leading, technology-enabled, omni-channel provider of le... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Report) and all other subsidiaries of the Company, which are wholly owned, as well as other lines of business described above.
As of March 31, 2023, the Company's operating and reportable segments ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, its segment disclosures to align with the current composition of reportable segments.
The Aaron's Business segment is comprised of (i) Aaron's branded Company-operated and franchise-operated store... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Company paid total consideration of approximately $230 million in cash under the terms of the agreement and additional amounts for working capital adjustments and transaction related fees. Refer to ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
generating procurement savings and other cost synergies.
THE AARON’S COMPANY, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
Aaron's Business Segment
Since its founding i... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of ownership, as compared to other LTO providers.
Woodhaven manufactures and supplies a significant portion of the upholstered furniture leased and sold in Company-operated and franchised Aaron's s... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
:
Stores as of March 31 (Unaudited)
2023
2022
Company-operated Aaron's Stores1
1,030
1,070
GenNext (included in Company-Operated)
222
135
Franchisee-operated Aaron's Stores
231
236
Brand... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
store is a combination of showroom, customer service and warehouse space, averaging approximately 11,000 square feet. Certain Company-operated Aaron's stores consist solely of a showroom.
BrandsMar... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
operations, financial position and cash flows of the Company in accordance with accounting principles generally accepted in the United States ("U.S. GAAP").
The preparation of the Company's condens... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
The accompanying unaudited condensed consolidated financial statements do not include all information required by U.S. GAAP for comp... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to the current period presentation.
For all previously reported periods prior to April 1, 2022, the Company presented all revenues derived from lease agreements and the related fees, as well as the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
classified as retail sales. This revised presentation does not have an impact on total revenues presented in prior periods.
Similarly, for all previously reported periods prior to April 1, 2022, th... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
See Note 1 to the consolidated and combined financial statements in the 2022 Annual Report for an expanded discussion of accounting policies and estimates.
Earnings Per Share
Earnings per share i... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
outstanding assuming dilution:
Three Months EndedMarch 31,
(Shares In Thousands)
2023
2022
Weighted Average Shares Outstanding
30,793
31,062
Dilutive Effect of Share-Based Awards
446
698
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
IAL STATEMENTS
(Unaudited)
Revenue Recognition
Aaron's Company, Inc. provides lease and retail merchandise, consisting of appliances, electronics, furniture, and other home goods to its customers ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Aaron's Company, Inc.'s BrandsMart U.S.A. stores and related brandsmartusa.com e-commerce platform offer the sale of merchandise directly to its customers via retail sales.
See Note 5 to these conde... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
reimbursement of specific, identifiable and incremental costs incurred in selling those vendors’ products. The amount of cooperative advertising consideration recorded as a reduction of such adverti... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
franchisee obligations.
Accounts receivable, net of allowances, consist of the following:
(In Thousands)
March 31, 2023
December 31, 2022
Customers
6,370
9,721
Corporate
16,377
20,597
Fra... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. Aaron's Company, Inc. writes off customer lease receivables, excluding customer lease receivables for its BrandsMart Leasing operations, that are 60 days or more past due on pre-determined dates tw... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
allowance on franchisee accounts receivable includes consideration of the financial position of each franchisee and qualitative consideration of potential losses associated with uncertainties impact... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2023
2022
Beginning Balance
8,895
7,163
Accounts Written Off, net of Recoveries
(9,895)
(8,665)
Accounts Receivable Provision
6,908
6,753
Ending Balance
5,908
5,251
The following table ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Merchandise
Aaron's Company, Inc.’s lease merchandise is recorded at the lower of depreciated cost, including overhead costs from our distribution centers, or net realizable value. The cost of merc... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2023
December 31, 2022
Merchandise on Lease, net of Accumulated Depreciation and Allowances
424,301
446,923
Merchandise Not on Lease, net of Accumulated Depreciation and Allowances1
242,171
2... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
The Aaron's store-based operations' policies require weekly merchandise counts at its store-based operations, which include write... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
basis, all damaged, lost or unsalable merchandise identified is written off and is included as a component of the provision for lease merchandise write-offs in the accompanying condensed consolidate... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
-offs could differ from the allowance. The provision for write-offs is included in provision for lease merchandise write-offs in the accompanying condensed consolidated statements of earnings. Aaron'... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
20,674)
(22,183)
Provision for Write-offs
20,160
21,957
Ending Balance
13,380
12,113
Merchandise Inventories
Aaron's Company, Inc.’s merchandise inventories are stated at the lower of weight... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
value over the amount the Company expects to realize from the ultimate sale of the inventory. Markdowns establish a new cost basis for the inventory and are recorded within retail cost of sales with... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2
Merchandise Inventories, gross
87,241
96,945
Reserve for Merchandise Inventories
(905)
(981)
Merchandise Inventories, net
86,336
95,964
12
THE AARON’S COMPANY, INC.
NOTES TO CONDENSED C... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of sales, is the net book value of merchandise sold via retail and non-retail sales, primarily using specific identification.
Prepaid Expenses and Other Assets
Prepaid expenses and other assets co... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, 2022 included restricted cash of $1.6 million held as collateral for BrandsMart U.S.A.'s workers' compensation and general liability insurance policies.
Sale-Leaseback Transactions
During the thr... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
statements of cash flows.
Interest Rate Swap
In March 2023, the Company entered into an interest rate swap agreement for an aggregate notional amount of $100.0 million with an effective date of Ap... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
as a derivative instrument in accordance with ASC 815,
Derivatives and Hedging
("ASC 815"), and the interest rate swap was designated as a cash flow hedge at inception. As of March 31, 2023, the f... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. The amounts from accumulated other comprehensive loss will begin to impact earnings once the swap becomes effective in the second quarter of 2023.
13
THE AARON’S COMPANY, INC.
NOTES TO CONDENSED... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
rued Expenses and Liabilities
38,253
40,566
242,399
264,043
Estimated Claims Liability Costs
Estimated claims liability costs are accrued primarily for workers compensation and vehicle liabilit... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
claim administrator loss estimates of individual claims. Aaron's Company, Inc. makes periodic prepayments to its insurance carriers to cover the projected claims run off for both reported and incurr... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
management evaluated the various components of the operating segments further described above and in Note 8 to these condensed consolidated financial statements and identified three reporting units,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
's Business operating segment.
Management considered the aggregation of the BrandsMart Leasing reporting unit and Aaron's Business reporting unit as a single reporting unit and determined that these... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
assigned to the BrandsMart Leasing reporting unit. The following table provides information related to the carrying amount of goodwill by operating segment.
14
THE AARON’S COMPANY, INC.
NOTES TO ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
is subject to an impairment test at the reporting unit level annually as of October 1 and more frequently if events or circumstances indicate that an interim impairment may have occurred. An interim... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
plan; (ii) actual results are unfavorable to the Company's estimates and assumptions used to calculate fair value; (iii) the BrandsMart or BrandsMart Leasing carrying values increase without an asso... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2022.
Related Party Transactions with the Sellers of BrandsMart U.S.A.
15
THE AARON’S COMPANY, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
Stockholders' Equity
Change... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,073
(1,396)
695,402
Cash Dividends, $0.125 per share
(3,966)
(3,966)
Stock-Based Compensation
2,874
2,874
Issuance of Shares under Equity Plans
(207)
(2,539)
496
248
(248)
(2,539)
Ne... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(2,062)
703,903
Treasury Stock
Common Stock
AdditionalPaid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Total Shareholders’ Equity
(In Thousands, Except Per Share)
Sha... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(3,489)
Acquisition of Treasury Stock
(262)
(5,720)
(5,720)
Net Earnings
21,532
21,532
Unrealized Gain on Fuel Hedge Derivative Instrument
154
154
Foreign Currency Translation Adjustment
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 observab... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(Unaudited)
The fair values of the Company's current financial assets and liabilities, such as cash and cash equivalents, accounts receivable and accounts payable, approximate their carrying value... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
periodic evaluations for potential impairment.
Aaron's Company, Inc. measures a liability related to its non-qualified deferred compensation plan, which represents benefits accrued for participants... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2023, the Company entered into an interest rate swap agreement. The interest rate swap agreement is measured within Level 2 of the fair value hierarchy, and the fair value is derived by using widely ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
3, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of March 31, 2023 that the Company expects to have a material impact on its condensed c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
paid total consideration of approximately $230 million in cash under the terms of the agreement and additional amounts for working capital adjustments and transaction related fees. Consideration tra... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
's customers, as well as generating procurement savings and other cost synergies.
The BrandsMart U.S.A. acquisition has been accounted for as a business combination, and the BrandsMart results of op... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
as measurement period adjustments recorded since the fiscal quarter ended June 30, 2022, are as follows:
(In Thousands)
Preliminary Amounts Recognized as of Acquisition Date1
2023 Measurement Per... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
422
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed
Accounts Receivable
4,310
4,310
Merchandise Inventories
124,064
173
124,237
Property, Plant and Equipment
22... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Deposits and Advance Payments
25,332
1,822
27,154
Operating Lease Liabilities
158,712
158,712
Debt
15,540
15,540
Total Liabilities Assumed
224,924
(228)
224,696
Net Assets Acquired
21... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
primarily relate to opening balance sheet adjustments to certain asset and liability balances further illustrated in the table above.
Effective as of the acquisition date, the Company entered into ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
' compensation and general liability insurance policies.
18
THE AARON’S COMPANY, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
The purchase price exceeded the fair value ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the identification of the Company's reporting units and the allocation of goodwill and Note 8 for the discussion of operating segments associated with the BrandsMart U.S.A. acquisition.
The estimat... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
included within "Acquisition-Related Costs" in the condensed consolidated statements of earnings. Acquisition-Related Costs that will affect the Company's income statement throughout the remainder o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ited pro forma combined financial information does not reflect the costs of any integration activities or dis-synergies, or benefits that may result from future costs savings due to revenue synergies... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.