XML 65 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Revenue from receivable portfolios, net $ 264,110us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion $ 237,568us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
Other revenues 14,410us-gaap_OtherSalesRevenueNet 11,349us-gaap_OtherSalesRevenueNet
Net interest income 7,143us-gaap_InterestIncomeExpenseNet 4,824us-gaap_InterestIncomeExpenseNet
Total revenues 285,663us-gaap_Revenues 253,741us-gaap_Revenues
Operating expenses    
Salaries and employee benefits 67,748us-gaap_LaborAndRelatedExpense 58,137us-gaap_LaborAndRelatedExpense
Cost of legal collections 54,998ecpg_CostOfLegalCollections 49,825ecpg_CostOfLegalCollections
Other operating expenses 25,234us-gaap_OtherCostAndExpenseOperating 26,423us-gaap_OtherCostAndExpenseOperating
Collection agency commissions 10,685ecpg_CollectionAgencyCommissions 8,276ecpg_CollectionAgencyCommissions
General and administrative expenses 32,612us-gaap_GeneralAndAdministrativeExpense 36,694us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 8,350us-gaap_DepreciationAndAmortization 6,117us-gaap_DepreciationAndAmortization
Total operating expenses 199,627us-gaap_OperatingExpenses 185,472us-gaap_OperatingExpenses
Income from operations 86,036us-gaap_OperatingIncomeLoss 68,269us-gaap_OperatingIncomeLoss
Other (income) expense    
Interest expense (42,303)us-gaap_InterestExpense (37,962)us-gaap_InterestExpense
Other income 2,117us-gaap_OtherNonoperatingIncomeExpense 265us-gaap_OtherNonoperatingIncomeExpense
Total other expense (40,186)us-gaap_NonoperatingIncomeExpense (37,697)us-gaap_NonoperatingIncomeExpense
Income before income taxes 45,850us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 30,572us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes (15,883)us-gaap_IncomeTaxExpenseBenefit (11,742)us-gaap_IncomeTaxExpenseBenefit
Net income 29,967us-gaap_ProfitLoss 18,830us-gaap_ProfitLoss
Net (income) loss attributable to noncontrolling interest (542)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 4,350us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Encore Capital Group, Inc. stockholders $ 29,425us-gaap_NetIncomeLoss $ 23,180us-gaap_NetIncomeLoss
Earnings per share attributable to Encore Capital Group, Inc.:    
Basic (in dollars per share) $ 1.13us-gaap_EarningsPerShareBasic $ 0.90us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 1.08us-gaap_EarningsPerShareDiluted $ 0.82us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding:    
Basic (in shares) 26,072us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 25,749us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 27,315us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 28,196us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding