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Segment and Geographic Information (Tables)

9 Months Ended

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.

X

- 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

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-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

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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

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