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Segment and Geographic Information | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment and Geographic Information | Segment and Geographic Information The Company has one reportable segment, debt purchasing and recovery segment. Segment assets are presented in the Company’s condensed consolidated statements of financial condition as total assets. The following tables present the results of operations of the Company’s reportable segment for the periods presented (in thousands):
| Three Months Ended March 31, 2026
| Debt purchasing and recovery segment |  | Corporate and other unallocated |  | Consolidated
Total revenues | $ | 475,411 |  |  | $ | — |  |  | $ | 475,411 |
Total operating expenses(1) | (276,025) |  |  | (15,394) |  |  | (291,419) |
Operating income | 199,386 |  |  |  |  | 183,992 |
Other segment items(2) |  |  | 790 |  |  | 790 |
Interest expense(3) |  |  | (73,050) |  |  | (73,050) |
Provision for income taxes |  |  | (25,489) |  |  | (25,489) |
Net income |  |  |  |  | $ | 86,243 |
_______________________ (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 March 31, 2026, such non-allocated operating expenses primarily consisted of salaries and employee benefits of $10.3 million for corporate employees and general and administrative expenses of $4.9 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 March 31, 2025
| Debt purchasing and recovery segment |  | Corporate and other unallocated |  | Consolidated
Total revenues | $ | 392,775 |  |  | $ | — |  |  | $ | 392,775 |
Total operating expenses(1) | (249,509) |  |  | (13,923) |  |  | (263,432) |
Operating income | 143,266 |  |  |  |  | 129,343 |
Other segment items(2) |  |  | 1,647 |  |  | 1,647 |
Interest expense(3) |  |  | (70,530) |  |  | (70,530) |
Provision for income taxes |  |  | (13,664) |  |  | (13,664) |
Net income |  |  |  |  | $ | 46,796 |
_______________________ (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 March 31, 2025, such non-allocated operating expenses primarily consisted of salaries and employee benefits of $8.1 million for corporate employees and general and administrative expenses of $5.4 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. The following table presents information about geographic areas in which the Company operates (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Total revenues: |  |  |  |  |  |  |
United States | $ | 351,658 |  |  | $ | 269,586 |  |  |  |  |
Europe |  |  |  |  |  |  |
United Kingdom | 88,525 |  |  | 84,468 |  |  |  |  |
Other European countries(1) | 33,437 |  |  | 36,993 |  |  |  |  |
Total Europe | 121,962 |  |  | 121,461 |  |  |  |  |
Other geographies(1) | 1,791 |  |  | 1,728 |  |  |  |  |
Total | $ | 475,411 |  |  | $ | 392,775 |  |  |  |  |
________________________ (1)None of these countries comprise greater than 10% of the Company's consolidated revenues.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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