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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Operating activities:      
Net income $ 78,978 $ 16,817 $ 47,384
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss from discontinued operations, net of income taxes 199 2,353 23,387
Depreciation and amortization 39,977 34,868 33,160
Other non-cash expense, net 35,676 22,807 35,104
Stock-based compensation expense 10,399 12,627 22,008
Deferred income taxes 28,970 (52,905) (16,665)
(Reversal of) provision for allowances on receivable portfolios, net (41,236) 84,177 (6,763)
Changes in operating assets and liabilities      
Deferred court costs and other assets (4,101) (20,364) (33,430)
Prepaid income tax and income taxes payable (26,699) 25,417 (29,504)
Accounts payable, accrued liabilities and other liabilities 1,655 2,439 43,135
Net cash provided by operating activities from continuing operations 123,818 128,236 117,816
Net cash provided by (used in) operating activities from discontinued operations 0 2,096 (1,667)
Net cash provided by operating activities 123,818 130,332 116,149
Investing activities:      
Cash paid for acquisitions, net of cash acquired (96,390) (675) (276,575)
Proceeds from divestiture of business, net of cash divested 0 106,041 0
Purchases of assets held for sale 0 (19,874) 0
Purchases of receivable portfolios, net of put-backs (1,045,829) (907,413) (749,760)
Collections applied to investment in receivable portfolios, net 709,420 659,321 635,899
Purchases of property and equipment (28,126) (31,668) (28,624)
Other, net 8,794 10,794 (1,233)
Net cash used in investing activities from continuing operations (452,131) (183,474) (420,293)
Net cash provided by (used in) investing activities from discontinued operations 0 14,685 (52,416)
Net cash used in investing activities (452,131) (168,789) (472,709)
Financing activities:      
Payment of loan costs (28,972) (32,338) (17,995)
Proceeds from credit facilities 1,434,480 586,016 1,084,393
Repayment of credit facilities (1,168,069) (615,857) (898,086)
Proceeds from senior secured notes 325,000 442,610 332,693
Repayment of senior secured notes (204,241) (352,549) (15,000)
Proceeds from issuance of convertible senior notes 150,000 0 0
Repayment of convertible senior notes (125,407) 0 0
Repayment of securitized notes 0 (935) (44,251)
Repurchase of common stock 0 0 (33,185)
Proceeds from other debt 33,197 36,172 0
Payment for the purchase of noncontrolling interest (29,731) (4,842) 0
Other, net (8,040) (15,024) (8,448)
Net cash provided by financing activities 378,217 43,253 400,121
Net increase in cash and cash equivalents 49,904 4,796 43,561
Effect of exchange rate changes on cash and cash equivalents 12,470 (8,624) (14,131)
Cash and cash equivalents, beginning of period 149,765 153,593 124,163
Cash and cash equivalents, end of period 212,139 149,765 153,593
Cash and cash equivalents of discontinued operations, end of period 0 0 29,600
Cash and cash equivalents of continuing operations, end of period 212,139 149,765 123,993
Supplemental disclosures of cash flow information:      
Cash paid for interest 162,545 147,899 151,946
Cash paid for income taxes, net 44,365 60,071 84,101
Supplemental schedule of non-cash investing and financing activities:      
Conversion of convertible senior notes 28,277 0 0
Fixed assets acquired through capital lease $ 3,577 $ 55 $ 2,220