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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 180,177 $ 86,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,825 23,467
Other non-cash interest expense, net 11,151 12,379
Stock-based compensation expense 13,048 11,731
Changes in recoveries (140,699) (6,020)
Other, net 7,231 9,195
Changes in operating assets and liabilities    
Other assets 17,316 (35,277)
Accounts payable, accrued liabilities and other liabilities 26,339 31,086
Net cash provided by operating activities 136,388 132,624
Investing activities:    
Purchases of receivable portfolios, net of put-backs (1,066,223) (844,868)
Collections applied to receivable portfolios 846,292 641,982
Purchases of property and equipment (19,338) (20,451)
Other, net 23,720 47,632
Net cash used in investing activities (215,549) (175,705)
Financing activities:    
Payment of loan and debt refinancing costs (3,892) (18,164)
Proceeds from credit facilities 812,751 458,844
Repayment of credit facilities (699,452) (1,292,578)
Proceeds from senior secured notes 0 1,000,000
Repayment of senior secured notes 0 (29,310)
Repurchase and retirement of common stock (35,329) 0
Other, net (23,522) 11,695
Net cash provided by financing activities 50,556 130,487
Net (decrease) increase in cash and cash equivalents (28,605) 87,406
Effect of exchange rate changes on cash and cash equivalents 1,228 1,583
Cash and cash equivalents, beginning of period 199,865 158,364
Cash and cash equivalents, end of period 172,488 247,353
Supplemental disclosures of cash flow information:    
Cash paid for interest 172,756 138,951
Cash paid for income taxes, net of refunds 40,174 61,255
Supplemental schedule of non-cash investing activities:    
Receivable portfolios transferred to real estate owned $ 2,960 $ 4,617