XML 18 R8.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 8,865,000 $ 8,471,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 214,000 785,000
Deferred income taxes 1,455,000 6,181,000
Impairments of consumer receivables acquired for liquidation 49,000  
Stock based compensation 1,723,000 969,000
Changes in:    
Other assets (505,000) (917,000)
Due from third party collection agencies and attorneys 468,000 (522,000)
Income taxes payable and receivable 4,600,000 50,622,000
Other liabilities (543,000) (757,000)
Net cash provided by operating activities 16,326,000 64,832,000
Cash flows from investing activities:    
Purchase of consumer receivables acquired for liquidation (6,836,000) (3,334,000)
Principal collected on receivables acquired for liquidation 31,462,000 44,613,000
Principal collected on receivable accounts represented by account sales 211,000 2,076,000
Foreign exchange effect on receivables acquired for liquidation (56,000) (47,000)
Capital expenditures (195,000) (95,000)
Net cash provided by investing activities 24,586,000 43,213,000
Cash flows from financing activities:    
Proceeds from exercise of options 12,000 870,000
Tax benefit arising from vesting of restricted stock awards   51,000
Change in restricted cash 189,000 484,000
Dividends paid (878,000) (863,000)
Repayments of debt, net (20,641,000) (32,976,000)
Net cash used in financing activities (21,318,000) (32,434,000)
Net increase in cash and cash equivalents 19,594,000 75,611,000
Cash at the beginning of period 84,235,000 2,385,000
Cash and cash equivalents at end of period 103,829,000 77,996,000
Cash paid during the period    
Interest (fiscal year 2011 Related Party - $122,000; 2010 Related Party - $387,000) 2,420,000 3,522,000
Income taxes $ 33,000 $ 2,052,000