2.2.0.7 false Redeemable Noncontrolling Interest 0209 - Disclosure - Redeemable Noncontrolling Interest true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Redeemable Noncontrolling Interest [Abstract] 0 praa_RedeemableNoncontrollingInterestAbstract praa false na duration Redeemable Noncontrolling Interest. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Redeemable Noncontrolling Interest. false 3 Redeemable Noncontrolling Interest 1 praa_RedeemableNoncontrollingInterestTextBlock praa false na duration Redeemable Noncontrolling Interest. false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>9. Redeemable Noncontrolling Interest:</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     In accordance with ASC 810, the Company has consolidated all financial statement accounts of CCB in its consolidated balance sheet as of June 30, 2010 and its consolidated income statement for the three and six months ended June 30, 2010. The redeemable noncontrolling interest amount is separately stated on the consolidated balance sheet and represents the 38% interest in CCB not controlled by the Company. In addition, net income attributable to the noncontrolling interest is stated separately in the consolidated income statement for the three and six months ended June 30, 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     In the second quarter of 2010, the Company applied the provisions of FASB ASC Topic 480-10-S99 ”Distinguishing Liabilities from Equity” (“ASC 480-10-S99”) which provides guidance on the accounting for equity securities that are subject to mandatory redemption requirements or whose redemption is outside the control of the issuer. The noncontrolling interest “put” arrangement is accounted for under ASC 480-10-S99, as redemption under the “put” arrangement is outside the control of the Company. As such, the redeemable noncontrolling interest is recorded outside of “permanent” equity. The Company measures the redeemable noncontrolling interest at the greater of its ASC 480-10-S99 measurement amount (estimated redemption value of the “put” option embedded in the noncontrolling interest) or its measurement amount under the guidance of ASC 810. The ASC 810 measurement amount includes adjustments for the noncontrolling interest’s pro-rata share of earnings, losses and distributions. The Company used a present value calculation to estimate the redemption value of the “put” option as of the reporting date. If material, the Company adjusts the numerator of earnings per share calculations for the current period change in the excess of the noncontrolling interest’s ASC 480-10-S99 measurement amount over the greater of its ASC 810 measurement amount or the estimated fair value of the noncontrolling interest. At March 31, 2010, the Company recorded the redeemable noncontrolling interest of $15.3 million within Total Stockholders’ Equity on the Consolidated Balance Sheet (“permanent equity”). As of June 30, 2010, the Company corrected this by presenting the redeemable noncontrolling interest amount outside of permanent equity, in accordance with ASC 480-10-S99. The Company determined this correction to be immaterial and, therefore, did not restate its prior period consolidated financial statements as of and for the three months ended March 31, 2010. Although the noncontrolling interest was redeemable by the Company as of the reporting date, it was not yet redeemable by the holder of the “put” option. The estimated redemption value of the noncontrolling interest, as if it were currently redeemable by the holder of the put option under the terms of the put arrangement, was $22,800,000 as of June 30, 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table represents the changes in the redeemable noncontrolling interest for the period from March 15, 2010 to June 30, 2010 (amounts in thousands): </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Acquisition date fair value of redeemable noncontrolling interest </div></td> <td> </td> <td align="left">$</td> <td align="right">15,323</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income attributable to redeemable noncontrolling interest </div></td> <td> </td> <td align="left"> </td> <td align="right">155</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Distributions </div></td> <td> </td> <td align="left"> </td> <td align="right">(398</td> <td>)</td> </tr> <tr style="font-size: 1px"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: 1px solid #000000"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Redeemable noncontrolling interest at June 30, 2010 </div></td> <td> </td> <td align="left">$</td> <td align="right">15,080</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: 3px double #000000"> </td> <td> </td> </tr> </table> </div> </div>  <!-- Begin Block Tagged Note false false false us-types:textBlockItemType textblock Redeemable Noncontrolling Interest. 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