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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Portfolio income $ 240,250 $ 0 $ 750,556 $ 0
Changes in expected recoveries 25,403 0 32,388 0
Income recognized on finance receivables 0 247,471 0 735,526
Fee income 1,978 2,391 6,826 11,472
Other revenue 233 152 1,788 950
Total revenues 267,864 250,014 791,558 747,948
Net allowance charges 0 (4,136) 0 (11,427)
Operating expenses:        
Compensation and employee services 71,974 75,317 217,617 234,770
Legal collection fees 13,661 14,083 41,975 41,439
Legal collection costs 26,043 31,395 79,997 99,745
Agency fees 14,900 12,788 38,619 39,833
Outside fees and services 22,719 16,733 60,796 48,274
Communication 9,379 10,310 31,702 34,335
Rent and occupancy 4,460 4,414 13,415 13,268
Depreciation and amortization 4,301 4,046 12,494 13,341
Other operating expenses 11,761 12,102 34,457 34,613
Total operating expenses 179,198 181,188 531,072 559,618
Income from operations 88,666 64,690 260,486 176,903
Other income and (expense):        
Interest expense, net (33,692) (35,864) (106,319) (105,872)
Foreign exchange gains 61 5,406 3,027 11,359
Other 291 (19) (1,367) (123)
Income before income taxes 55,326 34,213 155,827 82,267
Income tax expense 7,497 6,665 24,734 15,607
Net income 47,829 27,548 131,093 66,660
Adjustment for net income attributable to noncontrolling interests 5,337 2,577 11,552 7,843
Net income attributable to PRA Group, Inc. $ 42,492 $ 24,971 $ 119,541 $ 58,817
Net income per common share attributable to PRA Group, Inc.:        
Basic (in dollars per share) $ 0.93 $ 0.55 $ 2.63 $ 1.30
Diluted (in dollars per share) $ 0.92 $ 0.55 $ 2.60 $ 1.29
Weighted average number of shares outstanding:        
Basic (shares) 45,579 45,410 45,526 45,378
Diluted (shares) 46,140 45,645 45,971 45,520