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Segment Information (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Reconciliation of Revenue and Operating Income from Segments to Consolidated

The following table provides a reconciliation of revenue and segment operating income by reportable segment to consolidated results and was derived from the segments’ internal financial information as used for corporate management purposes (in thousands):

 

     Year Ended December 31,  
     2013     2012     2011  

Revenues:

      

Portfolio purchasing and recovery

   $ 756,277      $ 545,419      $ 448,746   

Tax lien business

     17,087        11,358        —    
  

 

 

   

 

 

   

 

 

 
   $ 773,364      $ 556,777      $ 448,746   
  

 

 

   

 

 

   

 

 

 

Operating income:

      

Portfolio purchasing and recovery

   $ 219,510      $ 164,038      $ 131,970   

Tax lien business

     5,045        5,677        —    
  

 

 

   

 

 

   

 

 

 
     224,555        169,715        131,970   

Depreciation and amortization

     (13,547     (5,840     (4,081

Stock-based compensation

     (12,649     (8,794     (7,709

Other expense

     (77,491     (24,756     (21,511
  

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes

   $ 120,868      $ 130,325      $ 98,669   
Schedule of Geographical Areas of Which Company Operates

The following presents information about geographic areas in which the Company operates (in thousands):

 

     Year Ended December 31,  
     2013      2012      2011  

Revenues(1) :

        

United States

   $ 677,873       $ 556,777       $ 448,746   

United Kingdom

     95,491         —          —    
  

 

 

    

 

 

    

 

 

 
   $ 773,364       $ 556,777       $ 448,746   
  

 

 

    

 

 

    

 

 

 

 

(1) 

Revenues are attributed to countries based on location of customer.