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Condensed Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Revenue from receivable portfolios, net $ 152,024 $ 138,731 $ 292,707 $ 265,136
Other revenue 380 183 681 188
Interest income - tax lien business 5,051 2,982 9,766 2,982
Interest expense - tax lien business (1,334) (650) (2,447) (650)
Net interest income - tax lien business 3,717 2,332 7,319 2,332
Total revenues 156,121 141,246 300,707 267,656
Operating expenses        
Salaries and employee benefits 32,969 25,190 61,801 47,494
Cost of legal collections 44,483 41,024 86,741 79,659
Other operating expenses 13,797 12,427 27,062 24,025
Collection agency commissions 5,230 4,166 8,559 8,125
General and administrative expenses 27,601 18,582 43,943 32,240
Depreciation and amortization 2,158 1,420 4,004 2,660
Total operating expenses 126,238 102,809 232,110 194,203
Income from operations 29,883 38,437 68,597 73,453
Other (expense) income        
Interest expense (7,482) (6,497) (14,336) (12,012)
Other (expense) income (4,122) (106) (3,963) 161
Total other expense (11,604) (6,603) (18,299) (11,851)
Income from continuing operations before income taxes 18,279 31,834 50,298 61,602
Provision for income taxes (7,267) (12,846) (19,838) (24,506)
Income from continuing operations 11,012 18,988 30,460 37,096
Loss from discontinued operations, net of tax   (2,392)   (9,094)
Net income 11,012 16,596 30,460 28,002
Weighted average shares outstanding:        
Basic 23,966 24,919 23,707 24,850
Diluted 24,855 25,825 24,652 25,822
Basic earnings (loss) per share from:        
Continuing operations $ 0.46 $ 0.76 $ 1.28 $ 1.49
Discontinued operations   $ (0.09)   $ (0.36)
Net basic earnings per share $ 0.46 $ 0.67 $ 1.28 $ 1.13
Diluted earnings (loss) per share from:        
Continuing operations $ 0.44 $ 0.74 $ 1.24 $ 1.44
Discontinued operations   $ (0.10)   $ (0.36)
Net diluted earnings per share $ 0.44 $ 0.64 $ 1.24 $ 1.08
Other comprehensive loss:        
Unrealized loss on derivative instruments, net of tax (1,574) (1,790) (954) (1,108)
Unrealized loss on foreign currency translation, net of tax (583)   (697)  
Other comprehensive loss, net of tax (2,157) (1,790) (1,651) (1,108)
Comprehensive income $ 8,855 $ 14,806 $ 28,809 $ 26,894