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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 28,454 $ 22,591
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,158 1,425
Amortization of loan costs and debt discount 901 2,194
Stock-based compensation expense 3,575 3,207
Deferred income tax benefit (162) (22)
Excess tax benefit from stock-based payment arrangements (4,727) (1,813)
Provision for allowances on receivable portfolios, net 6,504 10,720
Changes in operating assets and liabilities    
Other assets (233) 39
Deferred court costs (3,910) 3
Prepaid income tax and income taxes payable 24 (3,027)
Accounts payable, accrued liabilities and other liabilities (841) (494)
Net cash provided by operating activities 31,743 34,823
Investing activities:    
Purchases of receivable portfolios (184,376) (164,968)
Collections applied to investment in receivable portfolios, net 163,144 112,446
Proceeds from put-backs of receivable portfolios 1,698 1,864
Purchases of property and equipment (1,461) (1,647)
Net cash used in investing activities (20,995) (52,305)
Financing activities:    
Payment of loan costs (814) (4,660)
Proceeds from senior secured notes 25,000  
Proceeds from notes payable and other borrowings 55,000 53,000
Repayment of notes payable and other borrowings (87,000) (31,000)
Proceeds from net settlement of certain call options   524
Proceeds from exercise of stock options 1,248 1,688
Taxes paid related to net share settlement of equity awards (3,388) (1,251)
Excess tax benefit from stock-based payment arrangements 4,727 1,813
Repayment of capital lease obligations (1,766) (618)
Net cash (used in) provided by financing activities (6,993) 19,496
Net increase in cash and cash equivalents 3,755 2,014
Cash and cash equivalents, beginning of period 10,905 8,388
Cash and cash equivalents, end of period 14,660 10,402
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,718 6,994
Cash paid for income taxes 17,814 16,544
Supplemental schedule of non-cash investing and financing activities:    
Fixed assets acquired through capital lease $ 1,726 $ 1,389