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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenue from receivable portfolios $ 295,674 $ 304,105
Changes in recoveries (9,501) 167,223
Total debt purchasing revenue 286,173 471,328
Servicing revenue 22,585 26,146
Other revenues 3,872 2,208
Total revenues 312,630 499,682
Operating expenses    
Salaries and employee benefits 103,850 96,956
Cost of legal collections 54,101 55,717
General and administrative expenses 37,965 33,534
Other operating expenses 27,556 27,027
Collection agency commissions 8,150 9,605
Depreciation and amortization 10,870 11,829
Total operating expenses 242,492 234,668
Income from operations 70,138 265,014
Other expense    
Interest expense (46,835) (34,633)
Other income, net 1,732 392
Total other expense (45,103) (34,241)
Income before income taxes 25,035 230,773
Provision for income taxes (6,409) (55,024)
Net income $ 18,626 $ 175,749
Earnings per share:    
Basic (USD per share) $ 0.79 $ 7.11
Diluted (USD per share) $ 0.75 $ 6.40
Weighted average shares outstanding:    
Basic (shares) 23,548 24,722
Diluted (shares) 24,942 27,482