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Segment and Geographic Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present the results of operations of the Company’s reportable segment for the periods presented (in thousands):
| Three Months Ended September 30, 2025
| Debt purchasing and recovery segment |  | Corporate and other unallocated |  | Consolidated
Total revenues | $ | 460,353 |  |  | $ | — |  |  | $ | 460,353 |
Total operating expenses(1) | (270,035) |  |  | (17,140) |  |  | (287,175) |
Operating income | 190,318 |  |  |  |  | 173,178 |
Other segment items(2) |  |  | 929 |  |  | 929 |
Interest expense(3) |  |  | (74,242) |  |  | (74,242) |
Provision for income taxes |  |  | (25,205) |  |  | (25,205) |
Net income |  |  |  |  | $ | 74,660 |
(1)Certain corporate activities that are not allocated to the debt purchasing and recovery segment are recorded under corporate and other unallocated. During the three months ended September 30, 2025, such non-allocated operating expenses primarily consisted of salaries and employee benefits of approximately $11.3 million for corporate employees and general and administrative expenses of approximately $5.3 million. (2)The other segment items category includes other income. (3)The Company manages its available capital resources at the corporate level. Interest expense is not allocated to operating segments.
| Three Months Ended September 30, 2024
| Debt purchasing and recovery segment |  | Corporate and other unallocated |  | Consolidated
Total revenues | $ | 367,071 |  |  | $ | — |  |  | $ | 367,071 |
Total operating expenses(1) | (246,824) |  |  | (14,157) |  |  | (260,981) |
Operating income | 120,247 |  |  |  |  | 106,090 |
Other segment items(2) |  |  | 1,578 |  |  | 1,578 |
Interest expense(3) |  |  | (66,906) |  |  | (66,906) |
Provision for income taxes |  |  | (10,119) |  |  | (10,119) |
Net income |  |  |  |  | $ | 30,643 |
(1)Certain corporate activities that are not allocated to the debt purchasing and recovery segment are recorded under corporate and other unallocated. During the three months ended September 30, 2024, such non-allocated operating expenses primarily consisted of salaries and employee benefits of approximately $9.8 million for corporate employees and general and administrative expenses of approximately $4.2 million. (2)The other segment items category includes other income. (3)The Company manages its available capital resources at the corporate level. Interest expense is not allocated to operating segments.
| Nine Months Ended September 30, 2025
| Debt purchasing and recovery segment |  | Corporate and other unallocated |  | Consolidated
Total revenues | $ | 1,295,250 |  |  | $ | — |  |  | $ | 1,295,250 |
Total operating expenses(1) | (793,851) |  |  | (48,145) |  |  | (841,996) |
Operating income | 501,399 |  |  |  |  | 453,254 |
Other segment items(2) |  |  | 3,802 |  |  | 3,802 |
Interest expense(3) |  |  | (218,715) |  |  | (218,715) |
Provision for income taxes |  |  | (58,164) |  |  | (58,164) |
Net income |  |  |  |  | $ | 180,177 |
_______________________ (1)Certain corporate activities that are not allocated to the debt purchasing and recovery segment are recorded under corporate and other unallocated. During the nine months ended September 30, 2025, such non-allocated operating expenses primarily consisted of salaries and employee benefits of approximately $31.6 million for corporate employees and general and administrative expenses of approximately $15.1 million. (2)The other segment items category includes other income. (3)The Company manages its available capital resources at the corporate level. Interest expense is not allocated to operating segments.
| Nine Months Ended September 30, 2024
| Debt purchasing and recovery segment |  | Corporate and other unallocated |  | Consolidated
Total revenues | $ | 1,050,742 |  |  | $ | — |  |  | $ | 1,050,742 |
Total operating expenses(1) | (716,150) |  |  | (43,072) |  |  | (759,222) |
Operating income | 334,592 |  |  |  |  | 291,520 |
Other segment items(2) |  |  | 6,291 |  |  | 6,291 |
Interest expense(3) |  |  | (184,047) |  |  | (184,047) |
Provision for income taxes |  |  | (27,701) |  |  | (27,701) |
Net income |  |  |  |  | $ | 86,063 |
_______________________ (1)Certain corporate activities that are not allocated to the debt purchasing and recovery segment are recorded under corporate and other unallocated. During the nine months ended September 30, 2024, such non-allocated operating expenses primarily consisted of salaries and employee benefits of approximately $28.7 million for corporate employees and general and administrative expenses of approximately $13.8 million. (2)The other segment items category includes other income. (3)The Company manages its available capital resources at the corporate level. Interest expense is not allocated to operating segments.
Schedule of Geographical Areas of Operations | The following table presents information about geographic areas in which the Company operates (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Total revenues: |  |  |  |  |  |  |
United States | $ | 335,101 |  |  | $ | 258,300 |  |  | $ | 917,277 |  |  | $ | 717,186 |
Europe |  |  |  |  |  |  |
United Kingdom | 89,799 |  |  | 84,000 |  |  | 265,276 |  |  | 233,152 |
Other European countries(1) | 33,726 |  |  | 24,415 |  |  | 107,848 |  |  | 98,707 |
Total Europe | 123,525 |  |  | 108,415 |  |  | 373,124 |  |  | 331,859 |
Other geographies(1) | 1,727 |  |  | 356 |  |  | 4,849 |  |  | 1,697 |
Total | $ | 460,353 |  |  | $ | 367,071 |  |  | $ | 1,295,250 |  |  | $ | 1,050,742 |
________________________ (1)None of these countries comprise greater than 10% of the Company's consolidated revenues.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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