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Consolidated Income Statements (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Income recognized on finance receivables, net $ 228,403praa_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesRevenueRecognizedNet $ 177,970praa_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesRevenueRecognizedNet
Fee income 13,053us-gaap_FeesAndCommissionsOther 15,608us-gaap_FeesAndCommissionsOther
Other revenue 3,750us-gaap_OtherSalesRevenueNet 344us-gaap_OtherSalesRevenueNet
Total revenues 245,206us-gaap_Revenues 193,922us-gaap_Revenues
Operating expenses:    
Compensation and employee services 65,271us-gaap_LaborAndRelatedExpense 51,385us-gaap_LaborAndRelatedExpense
Legal collection fees 13,691us-gaap_LegalFees 10,833us-gaap_LegalFees
Legal collection costs 20,854praa_LegalCosts 26,533praa_LegalCosts
Agent fees 8,261praa_AgencyFees 1,450praa_AgencyFees
Outside fees and services 12,797praa_OutsideFeesAndServicesExpenses 10,791praa_OutsideFeesAndServicesExpenses
Communications 10,418us-gaap_Communication 8,963us-gaap_Communication
Rent and occupancy 3,560praa_RentAndOccupancy 2,338praa_RentAndOccupancy
Depreciation and amortization 4,610us-gaap_DepreciationAndAmortization 3,947us-gaap_DepreciationAndAmortization
Other operating expenses 9,578us-gaap_OtherCostAndExpenseOperating 6,100us-gaap_OtherCostAndExpenseOperating
Total operating expenses 149,040us-gaap_OperatingExpenses 122,340us-gaap_OperatingExpenses
Income from operations 96,166us-gaap_OperatingIncomeLoss 71,582us-gaap_OperatingIncomeLoss
Other income and (expense):    
Interest income 147us-gaap_InvestmentIncomeInterest 1us-gaap_InvestmentIncomeInterest
Interest expense (14,923)us-gaap_InterestExpense (4,860)us-gaap_InterestExpense
Net foreign currency transaction gain 6,789us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 8us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Income before income taxes 88,179us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 66,731us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 30,044us-gaap_IncomeTaxExpenseBenefit 25,891us-gaap_IncomeTaxExpenseBenefit
Net income $ 58,135us-gaap_NetIncomeLoss $ 40,840us-gaap_NetIncomeLoss
Net income per common share:    
Basic (in dollars per share) $ 1.19us-gaap_EarningsPerShareBasic $ 0.82us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 1.19us-gaap_EarningsPerShareDiluted $ 0.81us-gaap_EarningsPerShareDiluted
Weighted average number of shares outstanding:    
Basic (shares) 48,724us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 49,929us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (shares) 49,052us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 50,363us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding