XML 17 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Cash flows from operating activities:      
Net income (loss) $ 10,521,000 $ 3,129,000 $ (90,725,000)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 262,000 1,291,000 1,664,000
Deferred income taxes 4,611,000 5,310,000 (8,505,000)
Impairments of consumer receivables acquired for liquidation 721,000 13,029,000 183,500,000
Stock based compensation 2,055,000 1,189,000 984,000
Changes in:      
Income taxes payable and receivable (3,142,000) 47,531,000 (54,042,000)
Due from third party collection agencies and attorneys 1,444,000 (955,000) 2,497,000
Other assets (771,000) (1,683,000) (268,000)
Other liabilities 1,041,000 (98,000) (2,109,000)
Net cash provided by operating activities 16,742,000 68,743,000 32,996,000
Cash flows from investing activities:      
Purchase of consumer receivables acquired for liquidation (7,435,000) (7,989,000) (19,552,000)
Principal payments received from collection of consumer receivables acquired for liquidation 38,360,000 54,211,000 71,936,000
Principal payments received from collections represented by sales of consumer receivables acquired for liquidation 235,000 2,076,000 5,317,000
Effect of foreign exchange on consumer receivables acquired for liquidation (45,000) (97,000) (450,000)
Purchase of available-for-sale investments (14,000,000)    
Net purchases of other investments (126,000) (8,934,000)  
Purchase of treasury stock (70,000)    
Capital expenditures (475,000) (108,000) (187,000)
Net cash provided by investing activities 16,444,000 39,159,000 57,064,000
Cash flows from financing activities:      
Proceeds from exercise of stock options 21,000 870,000 1,000
Tax benefit arising from exercise of non-qualified stock options   472,000 74,000
Change in restricted cash 273,000 826,000 917,000
Dividends paid (1,169,000) (1,155,000) (1,427,000)
Repayments of debt, net (18,879,000) (32,139,000) (90,863,000)
(Repayments) advance under subordinated debt - related party (4,386,000) (3,860,000)  
Net cash used in financing activities (24,140,000) (34,986,000) (91,298,000)
Net increase (decrease) in cash and cash equivalents 9,046,000 72,916,000 (1,238,000)
Cash and cash equivalents at beginning of year 75,301,000 2,385,000 3,623,000
Cash and cash equivalents at end of year 84,347,000 75,301,000 2,385,000
Cash paid for:      
Interest (Related Party: 2011 - $122,000; 2010 - $568,000; 2009 - $472,000) 3,114,000 4,542,000 9,082,000
Income taxes $ 5,647,000 $ 2,052,000 $ 5,887,000