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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 236,188 $ 191,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,475 23,558
Loss on extinguishment of debt 0 9,300
Other non-cash interest expense, net 8,149 9,403
Stock-based compensation expense 9,040 9,056
Deferred income taxes 3,699 (5,097)
Changes in recoveries (192,373) (110,715)
Other, net 9,267 12,006
Changes in operating assets and liabilities    
Other assets 39,037 60,880
Accounts payable, accrued liabilities and other liabilities (37,952) (50,978)
Net cash provided by operating activities 98,530 148,965
Investing activities:    
Purchases of receivable portfolios, net of put-backs (337,932) (306,549)
Collections applied to investment in receivable portfolios 406,738 552,720
Purchases of asset held for sale (35,178) (3,639)
Purchases of property and equipment (11,937) (10,351)
Other, net 13,416 8,516
Net cash provided by investing activities 35,107 240,697
Financing activities:    
Proceeds from credit facilities 446,853 358,063
Repayment of credit facilities (298,743) (511,200)
Proceeds from senior secured notes 0 353,747
Repayment of senior secured notes (19,540) (339,585)
Repayment of convertible senior notes (221,153) (161,000)
Repurchase of common stock (50,835) (47,421)
Other, net (12,182) (22,251)
Net cash used in financing activities (155,600) (369,647)
Net (decrease) increase in cash and cash equivalents (21,963) 20,015
Effect of exchange rate changes on cash and cash equivalents (13,387) (10,683)
Cash and cash equivalents, beginning of period 189,645 189,184
Cash and cash equivalents, end of period 154,295 198,516
Supplemental disclosure of cash information:    
Cash paid for interest 64,366 69,152
Cash paid for taxes, net of refunds $ 44,671 $ 24,273