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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities:    
Net income $ 11,406 $ 13,679
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,363 1,053
Impairment charge for goodwill and identifiable intangible assets 10,349  
Amortization of loan costs 466 440
Stock-based compensation expense 2,266 1,765
Deferred income tax expense (benefit) 623 (58)
Excess tax benefit from stock-based payment arrangements (1,067) (1,343)
Provision for allowances on receivable portfolios, net 373 5,498
Changes in operating assets and liabilities    
Other assets (326) (1,819)
Deferred court costs (1,333) (2,128)
Prepaid income tax and income taxes payable 2,130 8,437
Accounts payable, accrued liabilities and other liabilities 853 (450)
Net cash provided by operating activities 27,103 25,074
Investing activities:    
Purchases of receivable portfolios (130,463) (90,675)
Collections applied to investment in receivable portfolios, net 104,230 80,211
Proceeds from put-backs of receivable portfolios 734 900
Purchases of property and equipment (1,555) (630)
Net cash used in investing activities (27,054) (10,194)
Financing activities:    
Payment of loan costs   (734)
Proceeds from senior secured notes   25,000
Proceeds from revolving credit facility 43,500 19,000
Repayment of revolving credit facility (34,500) (46,000)
Proceeds from exercise of stock options 1,061 297
Taxes paid related to net share settlement of equity awards (2,093) (1,439)
Excess tax benefit from stock-based payment arrangements 1,067 1,343
Repayment of capital lease obligations (1,685) (877)
Net cash provided by (used in) financing activities 7,350 (3,410)
Net increase in cash and cash equivalents 7,399 11,470
Cash and cash equivalents, beginning of period 8,047 10,905
Cash and cash equivalents, end of period 15,446 22,375
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,119 5,002
Cash paid for income taxes 4,075 166
Supplemental schedule of non-cash investing and financing activities:    
Fixed assets acquired through capital lease $ 1,564 $ 371