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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities:    
Net income $ 49,310 $ 43,824
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 4,193 2,916
Impairment charge for goodwill and identifiable intangible assets 10,400  
Amortization of loan costs and premium on property tax payment agreements receivable 2,091 1,367
Stock-based compensation expense 6,710 5,980
Income tax provision in excess of (less than) income tax payments 1,823 (1,472)
Excess tax benefit from stock-based payment arrangements (3,600) (4,904)
Loss on sale of discontinued operations 2,416  
(Reversal) provision for allowances on receivable portfolios, net (1,506) 8,109
Changes in operating assets and liabilities, net of effects of acquisition    
Other assets (20) 1,944
Deferred court costs 945 (3,968)
Prepaid income tax and income taxes payable (8,407) 3,423
Accounts payable, accrued liabilities and other liabilities 1,798 1,012
Net cash provided by operating activities 66,153 58,231
Investing activities:    
Cash paid for acquisition, net of cash acquired (186,731)  
Purchases of receivable portfolios (408,757) (250,107)
Collections applied to investment in receivable portfolios, net 313,205 234,726
Proceeds from put-backs of receivable portfolios 1,892 2,343
Originations of property tax payment agreements receivable (22,912)  
Purchases of property and equipment (3,665) (3,458)
Net cash used in investing activities (282,001) (16,496)
Financing activities:    
Payment of loan costs (1,832) (835)
Proceeds from senior secured notes   25,000
Proceeds from revolving credit facilities 390,399 61,000
Repayment of revolving credit facilities (163,048) (127,000)
Proceeds from exercise of stock options 5,181 1,287
Taxes paid related to net share settlement of equity awards (2,287) (3,476)
Excess tax benefit from stock-based payment arrangements 3,600 4,904
Repayment of capital lease obligations (4,949) (2,848)
Net cash provided by (used in) financing activities 227,064 (41,968)
Net increase (decrease) in cash and cash equivalents 11,216 (233)
Cash and cash equivalents, beginning of period 8,047 10,905
Cash and cash equivalents, end of period 19,263 10,672
Supplemental disclosures of cash flow information:    
Cash paid for interest 18,634 14,591
Cash paid for income taxes 36,840 24,860
Supplemental schedule of non-cash investing and financing activities:    
Fixed assets acquired through capital lease 2,817 2,434
Property Tax Note Receivable
   
Investing activities:    
Collections applied to property tax payment agreements receivable, net $ 24,967