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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):

			Fair Value Measurements as of June 30, 2022
			Level 1						Level 2						Level 3						Total
Assets
Interest rate cap contracts			$	—					$	18,658					$	—					$	18,658
Liabilities
Cross-currency swap agreements			—						(42,018)						—						(42,018)
Contingent consideration			—						—						(2,568)						(2,568)

			Fair Value Measurements as of December 31, 2021
			Level 1						Level 2						Level 3						Total
Assets
Interest rate cap contracts			$	—					$	3,541					$	—					$	3,541
Liabilities
Cross-currency swap agreements			—						(16,902)						—						(16,902)
Contingent consideration			—						—						(5,218)						(5,218)

Schedule of Roll Forward of the Fair Value of Contingent Consideration

The following table provides a roll-forward of the fair value of contingent consideration for the six months ended June 30, 2022 and year ended December 31, 2021 (in thousands):

			Amount
Balance as of December 31, 2020			$	2,957
Issuance of contingent consideration in connection with purchase of noncontrolling interest			2,913
Change in fair value of contingent consideration			(388)
Payment of contingent consideration			(180)
Effect of foreign currency translation			(84)
Balance as of December 31, 2021			5,218
Change in fair value of contingent consideration			794
Payment of contingent consideration			(2,813)
Effect of foreign currency translation			(631)
Balance as of June 30, 2022			$	2,568

Schedule of Financial Instruments Not Required to be Carried at Fair Value

The carrying amounts in the following table are included in the consolidated statements of financial condition as of June 30, 2022 and December 31, 2021 (in thousands):

			June 30, 2022												December 31, 2021
			Carrying Amount						Estimated Fair Value						Carrying Amount						Estimated Fair Value
Financial Assets
Investment in receivable portfolios, net			$	3,035,123					$	3,339,365					$	3,065,553					$	3,416,926
Financial Liabilities
Convertible senior notes due March 2022(1)			—						—						150,000						195,009
Exchangeable senior notes due September 2023			172,500						239,049						172,500						257,782
Convertible senior notes due October 2025			100,000						152,268						100,000						165,887
Senior secured notes(2)			1,465,192						1,354,150						1,606,327						1,652,246
Encore private placement notes			87,930						84,389						107,470						108,652

_______________________

(1)The 2022 Convertible Senior Notes matured on March 15, 2022 and the Company repaid the notes in cash.

(2)Carrying amount represents historical cost, adjusted for any related debt discount or debt premium.

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Schedule Of Financial Instruments Not Required To Be Carried At Fair Value [Table Text Block]

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
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-Publisher FASB
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
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