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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 57,440 $ 55,152
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (income) from discontinued operations, net of income taxes 1,352 (3,541)
Depreciation and amortization 18,096 16,015
Non-cash interest expense, net 19,242 17,182
Stock-based compensation expense 8,869 12,103
Gain on derivative instruments, net (7,531) 0
Deferred income taxes (25,002) 765
Excess tax benefit from stock-based payment arrangements 0 (1,479)
Loss on sale of discontinued operations, net of tax 1,830 0
Reversal of allowances on receivable portfolios, net (4,670) (7,219)
Changes in operating assets and liabilities    
Deferred court costs and other assets (666) (13,437)
Prepaid income tax and income taxes payable 5,260 (25,830)
Accounts payable, accrued liabilities and other liabilities (27,236) (5,616)
Net cash provided by operating activities 46,984 44,095
Net cash provided by operating activities from discontinued operations 2,096 3,317
Net cash provided by operating activities 49,080 47,412
Investing activities:    
Cash paid for acquisitions, net of cash acquired (675) (237,873)
Proceeds from divestiture of business, net of cash divested 106,041 0
Purchases of receivable portfolios, net of put-backs (517,665) (356,302)
Collections applied to investment in receivable portfolios, net 351,219 334,587
Purchases of property and equipment (10,094) (10,642)
Other, net 3,502 0
Net cash used in investing activities (67,672) (270,230)
Net cash provided by (used in) used in investing activities from discontinued operations 14,685 (61,652)
Net cash used in investing activities (52,987) (331,882)
Financing activities:    
Payment of loan costs (2,934) (6,574)
Proceeds from credit facilities 288,750 741,665
Repayment of credit facilities (307,946) (357,496)
Repayment of senior secured notes (11,256) (7,500)
Repayment of securitized notes (935) (22,694)
Repurchase of common stock 0 (33,185)
Taxes paid related to net share settlement of equity awards (4,068) (5,260)
Excess tax benefit from stock-based payment arrangements 0 1,479
Proceeds from other debt 34,946 0
Other, net (7,779) (6,640)
Net cash (used in) provided by financing activities (11,222) 303,795
Net (decrease) increase in cash and cash equivalents (15,129) 19,325
Effect of exchange rate changes on cash and cash equivalents 545 (5,330)
Cash and cash equivalents, beginning of period 153,593 124,163
Cash and cash equivalents, end of period 139,009 138,158
Cash and cash equivalents of discontinued operations, end of period 0 34,917
Cash and cash equivalents of continuing operations, end of period $ 139,009 $ 103,241