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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Revenue from receivable portfolios, net $ 448,714 $ 364,294 $ 299,732
Servicing fees and other related revenue 18,657 17,014 16,687
Total revenues 467,371 381,308 316,419
Operating expenses      
Salaries and employee benefits (excluding stock-based compensation expense) 81,509 65,767 58,025
Stock-based compensation expense 7,709 6,010 4,384
Cost of legal collections 157,050 121,085 112,570
Other operating expenses 39,776 36,387 26,013
Collection agency commissions 14,162 20,385 19,278
General and administrative expenses 41,730 31,444 26,920
Depreciation and amortization 4,661 3,199 2,592
Total operating expenses 346,597 284,277 249,782
Income from operations 120,774 97,031 66,637
Other (expense) income      
Interest expense (21,116) (19,349) (16,160)
Other (expense) income (394) 316 3,266
Total other expense (21,510) (19,033) (12,894)
Income before income taxes 99,264 77,998 53,743
Provision for income taxes (38,306) (28,946) (20,696)
Net income $ 60,958 $ 49,052 $ 33,047
Weighted average shares outstanding:      
Basic 24,572 23,897 23,215
Diluted 25,690 25,091 24,082
Earnings per share:      
Basic $ 2.48 $ 2.05 $ 1.42
Diluted $ 2.37 $ 1.95 $ 1.37