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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Portfolio revenue $ 370,126 $ 328,119 $ 1,076,518 $ 965,901
Changes in recoveries 63,636 12,675 140,699 6,020
Total debt purchasing revenue 433,762 340,794 1,217,217 971,921
Servicing revenue 22,175 22,772 67,022 64,258
Other revenues 4,416 3,505 11,011 14,563
Total revenues 460,353 367,071 1,295,250 1,050,742
Operating expenses        
Salaries and employee benefits 117,118 107,502 340,788 318,294
Cost of legal collections 80,010 67,339 227,672 190,309
General and administrative expenses 39,220 38,808 121,565 111,828
Other operating expenses 37,056 31,804 108,298 93,016
Collection agency commissions 6,601 7,370 21,848 22,308
Depreciation and amortization 7,170 8,158 21,825 23,467
Total operating expenses 287,175 260,981 841,996 759,222
Income from operations 173,178 106,090 453,254 291,520
Other expense        
Interest expense (74,242) (66,906) (218,715) (184,047)
Other income 929 1,578 3,802 6,291
Total other expense (73,313) (65,328) (214,913) (177,756)
Income before income taxes 99,865 40,762 238,341 113,764
Provision for income taxes (25,205) (10,119) (58,164) (27,701)
Net income $ 74,660 $ 30,643 $ 180,177 $ 86,063
Earnings per share:        
Basic (USD per share) $ 3.22 $ 1.28 $ 7.66 $ 3.61
Diluted (USD per share) $ 3.17 $ 1.26 $ 7.57 $ 3.54
Weighted average shares outstanding:        
Basic (shares) 23,222 23,912 23,534 23,859
Diluted (shares) 23,520 24,407 23,789 24,324