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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Income recognized on finance receivables $ 223,228 $ 200,660 $ 660,870 $ 592,038
Fee income 2,561 2,671 10,230 18,873
Other revenue 99 1,091 414 6,401
Total revenues 225,888 204,422 671,514 617,312
Net allowance charges (8,285) (3,412) (12,044) (9,412)
Operating expenses:        
Compensation and employee services 78,350 68,541 240,277 203,780
Legal collection fees 10,428 10,065 31,440 33,290
Legal collection costs 30,769 17,561 71,707 57,266
Agency fees 8,350 7,599 24,766 27,653
Outside fees and services 15,701 15,631 44,424 46,977
Communication 10,240 8,713 32,579 25,104
Rent and occupancy 4,270 3,668 12,587 10,838
Depreciation and amortization 4,776 4,841 14,230 15,097
Other operating expenses 10,602 10,140 34,414 32,071
Total operating expenses 173,486 146,759 506,424 452,076
Income from operations 44,117 54,251 153,046 155,824
Other income and (expense):        
Gain on sale of subsidiaries 0 307 0 48,474
Interest expense, net (30,624) (25,899) (87,529) (69,662)
Foreign exchange gain/(loss) 626 (1,084) 3,609 (1,421)
Other 222 0 65 0
Income before income taxes 14,341 27,575 69,191 133,215
Provision for income taxes 1,789 10,682 11,783 52,857
Net income 12,552 16,893 57,408 80,358
Adjustment for net income attributable to noncontrolling interests 2,625 1,338 6,787 4,963
Net income attributable to PRA Group, Inc. $ 9,927 $ 15,555 $ 50,621 $ 75,395
Net income per common share attributable to PRA Group, Inc.:        
Basic (in dollars per share) $ 0.22 $ 0.34 $ 1.12 $ 1.64
Diluted (in dollars per share) $ 0.22 $ 0.34 $ 1.11 $ 1.64
Weighted average number of shares outstanding:        
Basic (shares) 45,302 45,168 45,272 45,838
Diluted (shares) 45,440 45,286 45,420 45,991