|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
| Revenues: | ||
| Interest income | $ 231,330 | $ 175,314 |
| Servicing fees | 3,093 | 2,305 |
| Other income | 10,405 | 9,589 |
| Gain on cancellation of debt | 10,947 | 0 |
| Total | 255,775 | 187,208 |
| Expenses: | ||
| Employee costs | 42,960 | 35,573 |
| General and administrative | 16,345 | 15,429 |
| Interest | 58,179 | 79,422 |
| Provision for credit losses | 76,869 | 33,495 |
| Provision for contingent liabilities | 7,841 | 0 |
| Marketing | 13,363 | 10,665 |
| Occupancy | 2,608 | 2,894 |
| Depreciation and amortization | 437 | 543 |
| Total expenses | 218,602 | 178,021 |
| Income before income tax expense | 37,173 | 9,187 |
| Income tax expense (benefit) | 16,168 | (60,221) |
| Net income | $ 21,005 | $ 69,408 |
| Earnings per share: | ||
| Basic | $ 0.98 | $ 3.56 |
| Diluted | $ 0.67 | $ 2.72 |
| Number of shares used in computing earnings per share: | ||
| Basic | 21,538 | 19,473 |
| Diluted | 31,574 | 25,478 |