Aarons 2015 Annual Report Download - page 87

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 


Depreciation and Amortization:
Sales and Lease Ownership $ 592,450
$ 633,119
$ 639,951
Progressive 661,646
346,343
—
HomeSmart 20,817
22,407
23,977
DAMI 218
—
—
Franchise 1,429
1,599
1,781
Manufacturing 1,482
1,649
2,081
Other 14,805
13,117
17,315
Total Depreciation and Amortization $ 1,292,847
$ 1,018,234
$ 685,105
Interest Expense:
Sales and Lease Ownership $ 7,751
$ 7,834
$ 7,070
Progressive 21,959
14,992
—
HomeSmart 900
922
916
DAMI 764
—
—
Franchise —
—
—
Manufacturing 26
50
80
Other (8,061)
(4,583)
(2,453)
Total Interest Expense $ 23,339
$ 19,215
$ 5,613
Capital Expenditures:
Sales and Lease Ownership $ 23,082
$ 24,135
$ 30,831
Progressive 8,175
1,625
—
HomeSmart 374
1,020
994
DAMI 40
—
—
Franchise —
—
—
Manufacturing 387
1,477
1,531
Other 28,499
19,308
24,789
Total Capital Expenditures $ 60,557
$ 47,565
$ 58,145
Revenues From Canadian Operations (included in totals above):
Sales and Lease Ownership $ 3,384
$ 179
$ 300
Assets From Canadian Operations (included in totals above):
Sales and Lease Ownership $ 8,900
$ 776
$ 1,021
Revenues in the Other category are primarily attributable to (i) the RIMCO segment through the date of sale in January 2014, (ii) leasing space to unrelated
third parties in the corporate headquarters building and (iii) several minor unrelated activities. The pre-tax losses in the Other category are the result of the
activity mentioned above, net of the portion of corporate overhead not allocated to the reportable segments for management purposes.
In 2015, the results of the Company's operating segments were impacted by the following items:
• Sales and Lease Ownership earnings before income taxes included a $3.5 million loss related to a lease termination on a Company aircraft.
• Progressive earnings before income taxes included $3.7 million of transaction costs related to the October 15, 2015 DAMI acquisition.
In 2014, the results of the Company's operating segments were impacted by the following items:
• Sales and Lease Ownership earnings before income taxes included $4.8 million of restructuring charges related to the Company's strategic decision
to close 44 Company-operated stores.
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