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Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue    
Revenue from receivable portfolios, net$ 115,843$ 93,822$ 332,262$ 268,574
Servicing fees and other related revenue4,7204,14514,43412,962
Total revenue120,56397,967346,696281,536
Operating expenses    
Salaries and employee benefits (excluding stock-based compensation expense)20,73016,16659,98248,135
Stock-based compensation expense2,4051,5495,9804,756
Cost of legal collections40,16933,851117,36491,519
Other operating expenses10,8709,51230,15727,653
Collection agency commissions3,2645,38910,77417,098
General and administrative expenses11,1726,98230,96421,286
Depreciation and amortization1,1948163,3522,241
Total operating expenses89,80474,265258,573212,688
Income from operations30,75923,70288,12368,848
Other (expense) income    
Interest expense(5,175)(4,928)(16,137)(14,346)
Other (expense) income(346)148(207)250
Total other expense(5,521)(4,780)(16,344)(14,096)
Income before income taxes25,23818,92271,77954,752
Provision for income taxes(9,868)(6,632)(27,955)(19,871)
Net income$ 15,370$ 12,290$ 43,824$ 34,881
Weighted average shares outstanding:    
Basic24,63823,94724,49323,793
Diluted25,60425,15425,63625,012
Earnings per share:    
Basic$ 0.62$ 0.51$ 1.79$ 1.47
Diluted$ 0.60$ 0.49$ 1.71$ 1.39