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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenue from receivable portfolios $ 328,150 $ 335,287 $ 666,168 $ 692,652
Changes in expected current and future recoveries 66,178 66,007 110,715 (32,654)
Servicing revenue 32,064 23,950 64,580 52,630
Other revenues 1,343 789 3,109 2,486
Total revenues 427,735 426,033 844,572 715,114
Operating expenses        
Salaries and employee benefits 97,774 90,867 194,230 183,965
Cost of legal collections 66,900 37,356 134,042 103,635
General and administrative expenses 34,823 28,618 66,971 60,495
Other operating expenses 28,228 28,275 56,669 55,439
Collection agency commissions 13,677 10,683 26,501 23,859
Depreciation and amortization 12,046 10,542 23,558 20,827
Total operating expenses 253,448 206,341 501,971 448,220
Income from operations 174,287 219,692 342,601 266,894
Other (expense) income        
Interest expense (44,159) (50,327) (90,685) (104,989)
Loss on extinguishment of debt (9,300) 0 (9,300) 0
Other income (expense) 566 (3,011) 511 (1,572)
Total other expense (52,893) (53,338) (99,474) (106,561)
Income before income taxes 121,394 166,354 243,127 160,333
Provision for income taxes (24,607) (35,570) (51,575) (40,128)
Net income 96,787 130,784 191,552 120,205
Net income attributable to noncontrolling interest (284) (452) (419) (327)
Net income attributable to Encore Capital Group, Inc. stockholders $ 96,503 $ 130,332 $ 191,133 $ 119,878
Earnings per share attributable to Encore Capital Group, Inc.:        
Basic (USD per share) $ 3.12 $ 4.15 $ 6.13 $ 3.82
Diluted (USD per share) $ 3.07 $ 4.13 $ 6.04 $ 3.79
Weighted average shares outstanding:        
Basic (shares) 30,909 31,413 31,187 31,361
Diluted (shares) 31,415 31,560 31,622 31,628