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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income $ 73,740 $ 69,477 $ 60,958
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 13,547 5,840 4,661
Impairment charge for goodwill and identifiable intangible assets   10,400  
Amortization of loan costs and premium on receivables secured by tax liens 6,715 3,268 1,833
Stock-based compensation expense 12,649 8,794 7,709
Recognized loss on termination of derivative contract 3,630    
Deferred income taxes (28,188) (7,474) (1,917)
Excess tax benefit from stock-based payment arrangements (5,609) (4,123) (5,101)
Loss on sale of discontinued operations   2,416  
(Reversal) provision for allowances on receivable portfolios, net (12,193) (4,221) 10,823
Changes in operating assets and liabilities      
Deferred court costs and other assets (11,697) 2,893 (4,169)
Prepaid income tax and income taxes payable (468) 7,060 6,495
Accounts payable, accrued liabilities and other liabilities 22,649 4,190 3,287
Net cash provided by operating activities 74,775 98,520 84,579
Investing activities:      
Cash paid for acquisition, net of cash acquired (449,024) (186,731)  
Purchases of receivable portfolios, net of put-backs (249,562) (559,259) (383,998)
Collections applied to investment in receivable portfolios, net 546,366 406,815 301,474
Originations and purchases of receivables secured by tax liens (116,960) (34,036)  
Collections applied to receivables secured by tax liens 70,573 35,706  
Purchases of property and equipment (13,423) (6,265) (5,564)
Other (5,210)    
Net cash used in investing activities (217,240) (343,770) (88,088)
Financing activities:      
Payment of loan costs (17,207) (12,359) (840)
Proceeds from credit facilities 659,940 508,399 121,000
Repayment of credit facilities (630,163) (289,673) (143,000)
Proceeds from senior secured notes 151,670   25,000
Repayment of senior secured notes (13,750) (2,500)  
Proceeds from issuance of convertible senior notes 172,500 115,000  
Repayment of preferred equity certificates (39,743)    
Purchases of convertible hedge instruments (32,008) (22,669)  
Proceeds from sale of warrants   11,028  
Repurchase of common stock (729) (49,270)  
Proceeds from exercise of stock options 4,442 1,847 1,263
Taxes paid related to net share settlement of equity awards (9,591) (2,969) (3,891)
Excess tax benefit from stock-based payment arrangements 5,609 4,123 5,101
Repayment of capital lease obligations (4,990) (6,244) (3,982)
Net cash provided by financing activities 245,980 254,713 651
Net increase (decrease) in cash and cash equivalents 103,515 9,463 (2,858)
Effect of exchange rate changes on cash 5,118    
Cash and cash equivalents, beginning of period 17,510 8,047 10,905
Cash and cash equivalents, end of period 126,213 17,510 8,047
Supplemental disclosures of cash flow information:      
Cash paid for interest 50,181 25,218 19,038
Cash paid for income taxes 66,759 46,297 32,125
Supplemental schedule of non-cash investing and financing activities:      
Fixed assets acquired through capital lease $ 5,011 $ 5,287 $ 2,949