Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
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Revenue: | ||||
Finance charges | $ 223.9 | $ 186.2 | $ 641.9 | $ 536.3 |
Premiums earned | 10.7 | 12.0 | 32.4 | 36.7 |
Other income | 12.0 | 12.0 | 38.7 | 34.5 |
Total revenue | 246.6 | 210.2 | 713.0 | 607.5 |
Costs and expenses: | ||||
Salaries and wages | 32.4 | 28.6 | 95.2 | 87.5 |
General and administrative | 11.0 | 9.8 | 35.7 | 28.0 |
Sales and marketing | 12.2 | 11.9 | 37.8 | 34.5 |
Provision for credit losses | 22.8 | 13.2 | 62.8 | 27.8 |
Interest | 25.1 | 20.4 | 71.5 | 54.9 |
Provision for claims | 6.6 | 8.4 | 20.4 | 26.2 |
Total costs and expenses | 110.1 | 92.3 | 323.4 | 258.9 |
Income before provision for income taxes | 136.5 | 117.9 | 389.6 | 348.6 |
Provision for income taxes | 50.6 | 43.9 | 144.4 | 128.9 |
Net income | $ 85.9 | $ 74.0 | $ 245.2 | $ 219.7 |
Net income per share: | ||||
Basic (in usd per share) | $ 4.22 | $ 3.53 | $ 12.02 | $ 10.49 |
Diluted (in usd per share) | $ 4.21 | $ 3.53 | $ 12.01 | $ 10.49 |
Weighted average shares outstanding: | ||||
Basic (in shares) | 20,379,557 | 20,946,827 | 20,398,037 | 20,938,847 |
Diluted (in shares) | 20,384,624 | 20,952,711 | 20,415,981 | 20,949,508 |
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate financial services revenue and operating interest income earned during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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