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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income $ 86,264 $ 50,687
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,736 21,359
Other non-cash interest expense, net 16,233 22,253
Interest expense related to financing 3,496 0
Stock-based compensation expense 5,407 5,445
(Gain) loss on derivative instruments, net (173) 8,656
Deferred income taxes 23,977 8,256
Allowance reversals on receivable portfolios, net (3,430) (27,443)
Other, net 14,000 (7,456)
Changes in operating assets and liabilities    
Deferred court costs and other assets 23,739 (13,366)
Prepaid income tax and income taxes payable (36,569) 22,550
Accounts payable, accrued liabilities and other liabilities (43,860) 6,686
Net cash provided by operating activities 108,820 97,627
Investing activities:    
Purchases of receivable portfolios, net of put-backs (499,937) (633,040)
Collections applied to investment in receivable portfolios, net 405,081 415,174
Purchases of property and equipment (17,480) (24,655)
Other, net (3,352) 1,634
Net cash used in investing activities (115,688) (240,887)
Financing activities:    
Payment of loan and debt refinancing costs (7,988) (1,387)
Proceeds from credit facilities 322,857 425,650
Repayment of credit facilities (276,188) (292,430)
Proceeds from senior secured notes 460,512 0
Repayment of senior secured notes (460,455) (1,029)
Taxes paid related to net share settlement of equity awards (1,428) (2,651)
Proceeds from other debt 8,779 6,144
Repayment of other debt (17,410) (12,028)
Other, net (1,101) (1,234)
Net cash provided by financing activities 27,578 121,035
Net increase (decrease) in cash and cash equivalents 20,710 (22,225)
Effect of exchange rate changes on cash and cash equivalents (9,563) (8,257)
Cash and cash equivalents, beginning of period 157,418 212,139
Cash and cash equivalents, end of period $ 168,565 $ 181,657