Exhibit 99.2

ENCORE CAPITAL GROUP, INC.
Supplemental Financial Information
Reconciliation of GAAP Net Income to
Net Income Excluding One-Time Benefits and Charges
(In Thousands)

| Quarter Ended March 31,
--- | ---
| 2004 | 2003 | 2002 | 2001
GAAP net income (loss), as reported |  |  | $ | 6,016 |  | $ | 8,166 |  | $ | 233 |  | $ | (3,743 | )
Gain on settlement of litigation1 |  |  |  | - |  |  | (4,376 | ) |  | - |  |  | - |
Net income (loss), excluding one-time benefits |  |  | $ | 6,016 |  | $ | 3,790 |  | $ | 233 |  | $ | (3,743 | )

| Quarter Ended June 30,
--- | ---
| 2004 | 2003 | 2002 | 2001
GAAP net income (loss), as reported |  |  | $ | 5,595 |  | $ | 3,309 |  | $ | 692 |  | $ | (3,880 | )

| Quarter Ended September 30,
--- | ---
| 2003 | 2002 | 2001
GAAP net income (loss), as reported |  |  | $ | 3,104 |  | $ | 2,521 |  | $ | (1,045 | )

| Quarter Ended December 31,
--- | ---
| 2003 | 2002 | 2001
GAAP net income (loss), as reported |  |  | $ | 3,841 |  | $ | 10,343 |  | $ | (2,197 | )
Write off of deferred costs2 |  |  |  | 528 |  |  | - |  |  | - |
Benefit from restoration of net deferred tax assets3 |  |  |  | - |  |  | (8,830 | ) |  | - |
Net income (loss), excluding one-time benefits |  |  | $ | 4,369 |  | $ | 1,513 |  | $ | (2,197 | )

|  | 1 This is the result of a net after-tax gain of $4.4 million associated with a litigation settlement during the first quarter of 2003.

|  | 2This is the result of the after-tax write-off of $0.5 million in deferred loans costs and a debt discount associated with the early retirement of our Senior Notes during the fourth quarter of 2003.

|  | 3 This is the result of a change in the valuation allowance associated with our net tax assets during the fourth quarter of 2002, which resulted in the recognition of a current tax benefit in the amount of $8.8 million.