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Condensed Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Revenue from receivable portfolios, net $ 126,405 $ 105,326
Servicing fees and other related revenue 3,817 4,977
Total revenues 130,222 110,303
Operating expenses    
Salaries and employee benefits (excluding stock-based compensation expense) 23,109 19,040
Stock-based compensation expense 2,266 1,765
Cost of legal collections 38,635 36,509
Other operating expenses 12,411 10,096
Collection agency commissions 3,959 3,914
General and administrative expenses 14,132 10,169
Depreciation and amortization 1,363 1,053
Impairment charge for goodwill and identifiable intangible assets 10,349  
Total operating expenses 106,224 82,546
Income from operations 23,998 27,757
Other (expense) income    
Interest expense (5,515) (5,593)
Other income 267 116
Total other expenses (5,248) (5,477)
Income before income taxes 18,750 22,280
Provision for income taxes (7,344) (8,601)
Net income 11,406 13,679
Weighted average shares outstanding:    
Basic 24,779 24,260
Diluted 25,740 25,451
Earnings per share:    
Basic $ 0.46 $ 0.56
Diluted $ 0.44 $ 0.54
Other comprehensive income:    
Unrealized gain on derivative instruments 1,122 836
Income tax provision related to unrealized gain on derivative instruments (440) (329)
Other comprehensive income, net of tax 682 507
Comprehensive income $ 12,088 $ 14,186