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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 43,824$ 34,881
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization3,3522,241
Amortization of loan costs and debt discount1,3673,270
Stock-based compensation expense5,9804,756
Deferred income tax benefit(1,472)(208)
Excess tax benefit from stock-based payment arrangements(4,904)(2,667)
Provision for allowances on receivable portfolios, net8,10916,777
Changes in operating assets and liabilities  
Other assets1,508(763)
Deferred court costs(3,968)(573)
Prepaid income tax and income taxes payable3,423(2,815)
Accounts payable, accrued liabilities and other liabilities1,012(2,397)
Net cash provided by operating activities58,23152,502
Investing activities:  
Purchases of receivable portfolios(250,107)(242,857)
Collections applied to investment in receivable portfolios, net234,726169,896
Proceeds from put-backs of receivable portfolios2,3432,907
Purchases of property and equipment(3,458)(1,723)
Net cash used in investing activities(16,496)(71,777)
Financing activities:  
Payment of loan costs(835)(6,248)
Proceeds from senior secured notes25,00050,000
Proceeds from revolving credit facility61,000111,644
Repayment of revolving credit facility(127,000)(92,144)
Repayment of convertible notes (42,920)
Proceeds from net settlement of certain call options 524
Proceeds from exercise of stock options1,2871,773
Taxes paid related to net share settlement of equity awards(3,476)(1,756)
Excess tax benefit from stock-based payment arrangements4,9042,667
Repayment of capital lease obligations(2,848)(1,122)
Net cash (used in) provided by financing activities(41,968)22,418
Net (decrease) increase in cash and cash equivalents(233)3,143
Cash and cash equivalents, beginning of period10,9058,388
Cash and cash equivalents, end of period10,67211,531
Supplemental disclosures of cash flow information:  
Cash paid for interest14,5917,369
Cash paid for income taxes24,86022,895
Supplemental schedule of non-cash investing and financing activities:  
Fixed assets acquired through capital lease$ 2,434$ 2,398