XML 61 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2013
Business Combinations [Abstract]  
Components of Preliminary Purchase Price Allocation for AACC Merger

The components of the preliminary purchase price allocation for the AACC Merger are as follows (in thousands):

 

Purchase price:

   

Cash paid at acquisition

     $ 316,485       

Stock consideration

      62,352       
  

 

 

  

Total purchase price

     $ 378,837       
  

 

 

  

Allocation of purchase price:

   

Cash

     $ 23,156       

Investment in receivable portfolios

      381,233       

Deferred court costs

      6,141       

Property plant and equipment

      11,003       

Other assets

      16,004       

Liabilities assumed

      (128,541)      

Identifiable intangible assets

      1,490       

Goodwill

      68,351       
  

 

 

  

Total net assets acquired

     $       378,837       
  

 

 

  
Pro Forma Consolidated Results of Operations

The following summary presents unaudited pro forma consolidated results of operations for the three and six months ended June 30, 2013 and 2012 as if the AACC Merger had occurred on January 1, 2012. The following unaudited pro forma financial information does not necessarily reflect the actual results that would have occurred had the Company and AACC been combined during the periods presented, nor is it necessarily indicative of the future results of operations of the combined companies (in thousands):

 

     Three Months Ended
June 30,		           Six Months Ended
June 30,		  
             2013                      2012                         2013                  2012        

Consolidated pro forma revenue

     $ 194,764           $ 196,474              $ 390,052        $ 381,443   

Consolidated pro forma income from continuing operations

      14,733            22,644               35,996         46,514