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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 26,607 $ 29,967
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (income) from discontinued operations, net of income taxes 1,352 (1,880)
Depreciation and amortization 9,861 8,137
Non-cash interest expense, net 9,533 7,805
Stock-based compensation expense 3,718 5,905
Gain on derivative instruments (5,399) 0
Deferred income taxes (21,588) (4,276)
Excess tax benefit from stock-based payment arrangements 0 (637)
Loss on sale of discontinued operations, net of tax 1,830 0
Reversal of allowances on receivable portfolios, net (2,191) (2,859)
Changes in operating assets and liabilities    
Deferred court costs and other assets 1,233 (11,873)
Prepaid income tax and income taxes payable 18,824 4,847
Accounts payable, accrued liabilities and other liabilities (14,023) (15,081)
Net cash provided by operating activities 29,757 20,055
Net cash provided by (used in) operating activities from discontinued operations 2,096 (665)
Net cash provided by operating activities 31,853 19,390
Investing activities:    
Cash paid for acquisitions, net of cash acquired (675) 0
Proceeds from divestiture of business, net of cash divested 106,041 0
Purchases of receivable portfolios, net of put-backs (280,990) (143,239)
Collections applied to investment in receivable portfolios, net 180,796 164,217
Purchases of property and equipment (2,252) (4,271)
Other, net 1,191 (251)
Net cash provided by investing activities 4,111 16,456
Net cash provided by (used in) used in investing activities from discontinued operations 14,685 (11,965)
Net cash provided by investing activities 18,796 4,491
Financing activities:    
Payment of loan costs (1,395) (4,279)
Proceeds from credit facilities 185,883 134,285
Repayment of credit facilities (235,151) (124,395)
Repayment of senior secured notes (3,750) (3,750)
Repayment of securitized notes (935) (6,625)
Taxes paid related to net share settlement of equity awards (3,354) (4,554)
Excess tax benefit from stock-based payment arrangements 0 637
Other, net (2,785) (3,592)
Net cash used in financing activities (61,487) (12,273)
Net (decrease) increase in cash and cash equivalents (10,838) 11,608
Effect of exchange rate changes on cash and cash equivalents 1,858 438
Cash and cash equivalents, beginning of period 153,593 124,163
Cash and cash equivalents, end of period 144,613 136,209
Cash and cash equivalents of discontinued operations, end of period 0 24,183
Cash and cash equivalents of continuing operations, end of period $ 144,613 $ 112,026