Business Combinations (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Operating Performance

The following table summarizes the operating performance of Janus Holdings and Encore Europe (in thousands):

	Year Ended December 31, 2013
	Janus Holdings			Encore Europe		Encore Europe  Consolidated
Total revenues	$	95,491		$	—	$	95,491
Total operating expenses		(48,890	)		—		(48,890	)
Income from operations		46,601			—		46,601
Interest expense—non-PEC		(26,265	)		—		(26,265	)
PEC interest (expense) income		(21,616	)		10,235		(11,381	)
Other income		98			—		98
(Loss) income before income taxes		(1,182	)		10,235		9,053
Provision for income taxes		(1,574	)		—		(1,574	)
Net (loss) income		(2,756	)		10,235		7,479
Net loss attributable to noncontrolling interests		392			1,167		1,559
Net (loss) income attributable to Encore	$	(2,364	)	$	11,402	$	9,038

Pro Forma Consolidated Results of Operations

The following unaudited pro forma financial information does not necessarily reflect the actual results that would have occurred had Encore, Cabot, 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):

	(Unaudited) Year Ended December 31,
	2013		2012
Consolidated pro forma revenue	$	949,337	$	929,579
Consolidated pro forma income from continuing operations		92,378		101,762

Cabot Acquisition [Member]

Components of Purchase Price Allocation for Acquisition/Merger

The components of the purchase price allocation for the Cabot Acquisition are as follows (in thousands):

Purchase price:
Cash paid at acquisition	$	177,246
Allocation of purchase price:
Cash	$	57,520
Investment in receivable portfolios		558,951
Property and equipment		13,672
Other assets		20,349
Preferred equity certificates assumed		(211,549	)
Debt assumed		(559,907	)
Other liabilities assumed		(45,142	)
Redeemable noncontrolling interests		(12,064	)
Noncontrolling interests		(4,051	)
Identifiable intangible assets		7,559
Goodwill		351,908
Total net assets acquired	$	177,246

AACC Merger [Member]

Components of Purchase Price Allocation for Acquisition/Merger

The components of the 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		383,382
Deferred court costs		6,940
Property and equipment		11,003
Other assets		16,004
Liabilities assumed		(126,059	)
Identifiable intangible assets		1,470
Goodwill		62,941
Total net assets acquired	$	378,837