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Segment and Geographic Information
 3 Months Ended
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 unallocatedConsolidated
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 unallocatedConsolidated
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,
 20262025
Total revenues:
United States$351,658 $269,586 
Europe
United Kingdom88,525 84,468 
Other European countries(1)
33,437 36,993 
Total Europe121,962 121,461 
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.