XML 20 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Revenue from receivable portfolios, net $ 270,094 $ 264,110
Other revenues 18,923 13,672
Total revenues 289,017 277,782
Operating expenses    
Salaries and employee benefits 69,642 65,552
Cost of legal collections 54,308 54,998
Other operating expenses 26,343 24,326
Collection agency commissions 10,120 10,685
General and administrative expenses 35,239 31,197
Depreciation and amortization 9,861 8,137
Total operating expenses 205,513 194,895
Income from operations 83,504 82,887
Other (expense) income    
Interest expense (50,691) (42,303)
Other income 7,124 2,117
Total other expense (43,567) (40,186)
Income before income taxes 39,937 42,701
Provision for income taxes (10,148) (14,614)
Income from continuing operations 29,789 28,087
(Loss) income from discontinued operations, net of tax (3,182) 1,880
Net income 26,607 29,967
Net income attributable to noncontrolling interest (913) (542)
Net income attributable to Encore Capital Group, Inc. stockholders 25,694 29,425
Amounts attributable to Encore Capital Group, Inc.:    
Income from continuing operations 28,876 27,545
(Loss) income from discontinued operations, net of tax $ (3,182) $ 1,880
Basic earnings (loss) per share from:    
Continuing operations (in dollars per share) $ 1.13 $ 1.06
Discontinued operations (in dollars per share) (0.12) 0.07
Basic (in dollars per share) 1.01 1.13
Diluted earnings (loss) per share from:    
Continuing operations (in dollars per share) 1.12 1.01
Discontinued operations (in dollars per share) (0.13) 0.07
Diluted (in dollars per share) $ 0.99 $ 1.08
Weighted average shares outstanding:    
Basic (in shares) 25,550 26,072
Diluted (in shares) 25,868 27,315