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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income $ 60,958 $ 49,052 $ 33,047
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,661 3,199 2,592
Amortization of loan costs and debt discount 1,833 3,682 4,080
Stock-based compensation expense 7,709 6,010 4,384
Gain on repurchase of convertible notes, net     (3,268)
Deferred income tax (benefit) expense (1,917) 646 1,872
Excess tax benefit from stock-based payment arrangements (5,101) (3,249) (729)
Provision for allowances on receivable portfolios, net 10,823 22,209 19,310
Changes in operating assets and liabilities      
Other assets 2,179 (1,390) (1,668)
Deferred court costs (6,348) (6,201) 2,379
Prepaid income tax and income taxes payable 6,495 (1,782) 11,204
Accounts payable, accrued liabilities and other liabilities 3,287 3,299 3,316
Net cash provided by operating activities 84,579 75,475 76,519
Investing activities:      
Purchases of receivable portfolios, net of forward flow allocation (386,850) (361,957) (246,330)
Collections applied to investment in receivable portfolios, net 301,474 217,891 168,416
Proceeds from put-backs of receivable portfolios 2,852 3,981 3,375
Purchases of property and equipment (5,564) (2,722) (4,632)
Net cash used in investing activities (88,088) (142,807) (79,171)
Financing activities:      
Payment of loan costs (840) (6,248)  
Proceeds from senior secured notes 25,000 50,000  
Proceeds from revolving credit facility 121,000 125,500 90,500
Repayment of revolving credit facility (143,000) (58,500) (68,500)
Repayment of convertible notes   (42,920) (22,262)
Proceeds from net settlement of certain call options   524  
Proceeds from exercise of stock options 1,263 2,118 1,175
Taxes paid related to net share settlement of equity awards (3,891) (2,024) (403)
Excess tax benefit from stock-based payment arrangements 5,101 3,249 729
Repayment of capital lease obligations (3,982) (1,850) (540)
Net cash provided by financing activities 651 69,849 699
Net (decrease) increase in cash (2,858) 2,517 (1,953)
Cash and cash equivalents, beginning of period 10,905 8,388 10,341
Cash and cash equivalents, end of period 8,047 10,905 8,388
Supplemental disclosures of cash flow information:      
Cash paid for interest 19,038 15,652 12,521
Cash paid for income taxes 32,125 30,125 8,243
Supplemental schedule of non-cash investing and financing activities:      
Fixed assets acquired through capital lease 2,949 4,317 516
Allocation of forward flow asset to acquired receivable portfolios     $ 10,302