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1073349_17_item7_p52_s0
1073349_16_item7_p40_s2
Revenues for the fiscal year ended June 30, 2016 were unfavorably impacted by $4.4 million due to the impact of foreign currency exchange rates.
Subscriptions and Transactions Revenues for the fiscal year ended June 30, 2016 were unfavorably impacted by $2.6 million due to the impact of foreign currency exchange rates.
2
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[]
[ "Subscriptions", "Transactions", "2.6" ]
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1073349_17_item7_p42_s2
1073349_16_item7_p41_s6
We expect that service and maintenance costs will increase slightly as a percentage of service and maintenance revenues in fiscal year 2017.
We expect that service and maintenance costs as a percentage of service and maintenance revenues will decrease in fiscal year 2018.
2
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1073349_17_item7_p46_s2
1073349_16_item7_p43_s2
The decrease in amortization expense for the fiscal year ended June 30, 2016 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying assets lives.
The decrease in amortization expense of $4.7 million for the fiscal year ended June 30, 2017 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying asset lives.
2
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[ "4.7", "million", "asset" ]
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1073349_17_item7_p56_s5
1073349_16_item7_p43_s2
The decrease in amortization expense for the fiscal year ended June 30, 2016 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying assets lives.
Amortization of Intangible Assets The decrease in amortization expense for the fiscal year ended June 30, 2016 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying assets lives.
2
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[ "Amortization", "Intangible", "Assets" ]
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1073349_17_item7_p47_s0
1073349_16_item7_p44_s0
For the fiscal year ended June 30, 2016 as compared to the prior fiscal year, interest income increased slightly.
For the fiscal year ended June 30, 2017 as compared to the prior fiscal year, interest income decreased slightly.
2
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1073349_17_item7_p48_s0
1073349_16_item7_p44_s4
Provision for Income Taxes We recorded income tax expense of $0.8 million for the fiscal year ended June 30, 2016 compared to income tax expense of $18.4 million for the fiscal year ended June 30, 2015.
Provision for Income Taxes We recorded an income tax benefit of $5.1 million for the fiscal year ended June 30, 2017 compared to income tax expense of $0.8 million for the fiscal year ended June 30, 2016.
2
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[ "benefit", "5.1" ]
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1073349_17_item7_p52_s2
1073349_16_item7_p47_s1
The Hosted Solutions segment revenue increases were driven primarily by our financial messaging solutions and, to a lesser extent, from our legal spend management and Paymode-X solutions.
The Cloud Solutions segment revenue increases were driven primarily by our settlement network solutions and, to a lesser extent, from our legal spend management solutions.
2
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[]
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1073349_17_item7_p54_s0
1073349_16_item7_p47_s3
Subscriptions and transactions revenue for the fiscal year ended June 30, 2015 was unfavorably impacted by $1.4 million due to the impact of foreign currency exchange rates primarily associated with the British Pound Sterling which depreciated against the US Dollar when compared to the prior fiscal year.
Software license revenue for the fiscal year ended June 30, 2016 was unfavorably impacted by $0.7 million due to the impact of foreign currency exchange rates primarily associated with the British Pound Sterling which depreciated against the U.S. Dollar when compared to the prior fiscal year.
2
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1073349_17_item7_p54_s0
1073349_16_item7_p49_s0
Service and maintenance revenue for the fiscal year ended June 30, 2015 was unfavorably impacted by $3.5 million due to the impact of foreign currency exchange rates primarily associated with the Euro and the British Pound Sterling which depreciated against the US Dollar when compared to the prior fiscal year.
Software license revenue for the fiscal year ended June 30, 2016 was unfavorably impacted by $0.7 million due to the impact of foreign currency exchange rates primarily associated with the British Pound Sterling which depreciated against the U.S. Dollar when compared to the prior fiscal year.
2
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1073349_17_item7_p56_s4
1073349_16_item7_p52_s0
The increase in general and administrative expenses of $0.8 million in the fiscal year ended June 30, 2015 as compared to the fiscal year ended June 30, 2014 was principally attributable to an increase in employee related costs, partially attributable to our recent acquisitions, offset in part by a decrease in acquisit...
General and Administrative The increase in general and administrative expenses of $4.8 million in the fiscal year ended June 30, 2016 as compared to the fiscal year ended June 30, 2015 was principally attributable to an increase in costs associated with global internal system implementations and an increase in employee...
2
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1073349_17_item7_p47_s0
1073349_16_item7_p55_s0
For the fiscal year ended June 30, 2015 as compared to the prior fiscal year, interest income decreased slightly as a result of a lower average cash balance in the fiscal year ended June 30, 2015.
For the fiscal year ended June 30, 2017 as compared to the prior fiscal year, interest income decreased slightly.
2
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1073349_17_item7_p47_s2
1073349_16_item7_p55_s2
Other expense in fiscal 2015 was primarily the result of foreign exchange losses.
Other expense in fiscal year 2017 was primarily the result of foreign exchange losses.
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[]
[ "year", "2017" ]
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1073349_17_item7_p57_s2
1073349_16_item7_p55_s2
Other expense in fiscal 2015 was primarily the result of foreign exchange losses.
Other expense in fiscal year 2016 was primarily the result of foreign exchange losses.
2
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1073349_17_item7_p57_s15
1073349_16_item7_p57_s3
We believe that the cash generated from our operations and the cash and cash equivalents we have on hand will be sufficient to meet our future obligations.
We believe that the cash generated from our operations and the cash and cash equivalents we have on hand, together with available funds under the credit agreement we entered in December 2016, will be sufficient to meet our future cash obligations.
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1073349_17_item7_p60_s0
1073349_16_item7_p59_s1
The convertible notes are shown on our consolidated balance sheets at their carrying value, which represents the principal balance of $189.8 million less unamortized discount.
(1) The Notes are shown on our Consolidated Balance Sheets at their carrying value, which represents the principal balance of $189.8 million less unamortized discount and debt issuance costs.
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1073349_17_item7_p62_s5
1073349_16_item7_p63_s3
At June 30, 2016, the deferred tax assets associated with our US and Australian operations and a portion of the deferred tax assets associated with our UK and continental European operations have been reserved since, given the available evidence, it was deemed more likely than not that these deferred tax assets would n...
At June 30, 2017, a substantial portion of our deferred tax assets have been reserved since, given the available evidence, it was deemed more likely than not that these deferred tax assets would not be realized.
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1073349_18_item7_p9_s0
1073349_17_item7_p10_s0
However, certain of our software arrangements, particularly those related to financial institution customers, are recognized on a percentage of completion basis over the life of the project because they require significant customization and modification and involve extended implementation periods.
recognized on a percentage of completion basis over the life of the project because they require significant customization and modification and involve extended implementation periods.
2
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1073349_18_item7_p43_s4
1073349_17_item7_p13_s4
In addition, refer to Note 2 Significant Accounting Policies to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 16 Income Taxes to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p47_s5
1073349_17_item7_p13_s4
In addition, refer to Note 2 Significant Accounting Policies to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p15_s6
1073349_17_item7_p17_s0
to the software license using the residual value method.
Accordingly, revenue is allocated to the software license using the residual value method.
2
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1073349_18_item7_p16_s0
1073349_17_item7_p18_s0
Under the residual value method, revenue equal to VSOE of each undelivered element is recognized upon delivery of that element.
of each undelivered element is recognized upon delivery of that element.
2
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1073349_18_item7_p3_s0
1073349_17_item7_p1_s13
Our revenue for fiscal year 2017 was unfavorably impacted by $14.0 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling that depreciated against the U.S. Dollar as compared to the prior year.
Our revenue for the fiscal year ended June 30, 2018 was favorably impacted by $6.4 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling that appreciated against the U.S. Dollar as compared to the prior fiscal year.
2
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1073349_18_item7_p3_s5
1073349_17_item7_p1_s13
Our revenue for fiscal year 2017 was unfavorably impacted by $14.0 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling that depreciated against the U.S. Dollar as compared to the prior year.
Our operating expenses in the fiscal year ended June 30, 2018 were unfavorably impacted by $2.1 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling which appreciated against the U.S. Dollar as compared to the prior fiscal year.
2
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1073349_18_item7_p1_s5
1073349_17_item7_p1_s6
We offer legal spend management solutions that help manage and determine the right amount to pay for legal services and claims vendor expenditures for insurance companies and other large corporate consumers of outside legal services.
Our cloud-based legal spend management solutions help manage and determine the right amount to pay for legal services and claims vendor expenditures for insurance companies and other large consumers of outside legal services.
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1073349_18_item7_p24_s1
1073349_17_item7_p27_s0
during our fourth quarter, which is consistent with the historic timing of our annual goodwill impairment review.
We performed our annual impairment test of the carrying value of our goodwill for fiscal year 2018 during our fourth quarter, which is consistent with the historic timing of our annual goodwill impairment review.
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1073349_18_item7_p12_s4
1073349_17_item7_p27_s6
Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
In addition, refer to Note 2 Significant Accounting Policies to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p43_s4
1073349_17_item7_p27_s6
Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 16 Income Taxes to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p24_s3
1073349_17_item7_p27_s7
Based on the results of our annual impairment review during the fourth quarter of fiscal year 2017, we concluded there was no additional goodwill impairment in our Intellinx reporting unit and no goodwill impairment in any of our other reporting units.
Based on the results of our annual impairment review during the fourth quarter of fiscal year 2018, we concluded there was no goodwill impairment in any of our reporting units.
2
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1073349_18_item7_p2_s0
1073349_17_item7_p2_s1
Increased revenue from our legal spend management and settlement network solutions accounted for the revenue increase in our Cloud Solutions segment.
solutions accounted for the revenue increase in our Cloud Solutions segment.
2
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1073349_18_item7_p3_s0
1073349_17_item7_p2_s8
Our operating expenses for the fiscal year ended June 30, 2017 were favorably impacted by $4.9 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling which depreciated against the U.S. Dollar as compared to the prior year.
Our revenue for the fiscal year ended June 30, 2018 was favorably impacted by $6.4 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling that appreciated against the U.S. Dollar as compared to the prior fiscal year.
2
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1073349_18_item7_p45_s2
1073349_17_item7_p37_s3
Digital Banking Revenues from our Digital Banking segment increased $8.5 million for the fiscal year ended June 30, 2017 as compared to the prior fiscal year, due primarily to increases of $6.7 million in subscription and transaction revenue and $3.3 million in service and maintenance revenue, partially offset by a dec...
Banking Solutions Revenues from our Banking Solutions segment increased $8.5 million for the fiscal year ended June 30, 2017 as compared to the prior fiscal year, due primarily to increases of $6.7 million in subscription and transaction revenue and $3.3 million in service and maintenance revenue, partially offset by a...
2
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[ "Solutions", "Solutions" ]
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1073349_18_item7_p34_s2
1073349_17_item7_p38_s1
We expect revenue and profit for the Payments and Transactional Documents segment to increase in fiscal year 2018 as a result of increased sales of our payment and document automation solutions.
We expect revenue for the Payments and Transactional Documents segment to increase and profit to remain relatively consistent in fiscal year 2019 as a result of increased sales of our payment and document automation solutions.
2
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1073349_18_item7_p35_s0
1073349_17_item7_p38_s11
Service and Maintenance Revenues from service and maintenance decreased $10.7 million for the fiscal year ended June 30, 2017 as compared to the prior fiscal year, inclusive of an unfavorable impact of foreign currency exchange rates of $4.9 million.
Service and Maintenance Revenues from service and maintenance increased $5.3 million for the fiscal year ended June 30, 2018 as compared to the prior fiscal year, inclusive of a favorable impact of foreign currency exchange rates of $2.7 million.
2
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1073349_18_item7_p49_s0
1073349_17_item7_p3_s0
New Credit Agreement On December 9, 2016, we (as borrower) and certain of our domestic subsidiaries (as guarantors) entered into a credit agreement with Bank of America, N.A. and certain other lenders.
Liquidity and Capital Resources On December 9, 2016, we (as borrower) and certain of our domestic subsidiaries (as guarantors) entered into a credit agreement with Bank of America, N.A. and certain other lenders, which provides for a five-year revolving credit facility in the amount of up to $300 million (the Credit Fa...
2
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1073349_18_item7_p12_s4
1073349_17_item7_p3_s1
Please refer to Note 10 Indebtedness to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
In addition, refer to Note 2 Significant Accounting Policies to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p43_s4
1073349_17_item7_p3_s1
Please refer to Note 10 Indebtedness to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 16 Income Taxes to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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[ "16", "Income", "Taxes" ]
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1073349_18_item7_p47_s5
1073349_17_item7_p3_s1
Please refer to Note 10 Indebtedness to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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[ "7", "Goodwill", "Intangible", "Assets" ]
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1073349_18_item7_p35_s7
1073349_17_item7_p40_s1
Subscriptions and transactions costs as a percentage of subscriptions and transactions revenues increased slightly to 47% for the fiscal year ended June 30, 2017 as compared to 45% for the prior fiscal year.
Subscriptions and transactions costs as a percentage of subscriptions and transactions revenues decreased slightly to 45% for the fiscal year ended June 30, 2018 as compared to 47% for the prior fiscal year, due primarily to the revenue increases in our legal spend management and settlement network solutions.
2
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1073349_18_item7_p47_s3
1073349_17_item7_p46_s2
The decrease in amortization expense of $4.7 million for the fiscal year ended June 30, 2017 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying asset lives.
Amortization of Acquisition-related Intangible Assets The decrease in amortization expense of $4.7 million for the fiscal year ended June 30, 2017 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying asset lives.
2
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1073349_18_item7_p12_s4
1073349_17_item7_p46_s5
Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
In addition, refer to Note 2 Significant Accounting Policies to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p43_s4
1073349_17_item7_p46_s5
Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 16 Income Taxes to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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[ "16", "Income", "Taxes" ]
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1073349_18_item7_p48_s1
1073349_17_item7_p47_s1
Interest expense increased due to increased amortization of the debt discount related to our 1.50% convertible senior notes.
Interest expense increased due to increased amortization of the debt discount related to our Notes.
2
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[ "Notes" ]
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1073349_18_item7_p3_s0
1073349_17_item7_p54_s0
Software license revenue for the fiscal year ended June 30, 2016 was unfavorably impacted by $0.7 million due to the impact of foreign currency exchange rates primarily associated with the British Pound Sterling which depreciated against the U.S. Dollar when compared to the prior fiscal year.
Our revenue for the fiscal year ended June 30, 2018 was favorably impacted by $6.4 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling that appreciated against the U.S. Dollar as compared to the prior fiscal year.
2
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[]
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1073349_18_item7_p3_s5
1073349_17_item7_p54_s0
Software license revenue for the fiscal year ended June 30, 2016 was unfavorably impacted by $0.7 million due to the impact of foreign currency exchange rates primarily associated with the British Pound Sterling which depreciated against the U.S. Dollar when compared to the prior fiscal year.
Our operating expenses in the fiscal year ended June 30, 2018 were unfavorably impacted by $2.1 million due to the impact of foreign currency exchange rates primarily related to the British Pound Sterling which appreciated against the U.S. Dollar as compared to the prior fiscal year.
2
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1073349_18_item7_p42_s2
1073349_17_item7_p56_s5
Amortization of Intangible Assets The decrease in amortization expense for the fiscal year ended June 30, 2016 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying assets lives.
The decrease in amortization expense of $2.2 million for the fiscal year ended June 30, 2018 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying asset lives.
2
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[ "2.2", "million", "asset" ]
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1073349_18_item7_p47_s3
1073349_17_item7_p56_s5
Amortization of Intangible Assets The decrease in amortization expense for the fiscal year ended June 30, 2016 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying assets lives.
Amortization of Acquisition-related Intangible Assets The decrease in amortization expense of $4.7 million for the fiscal year ended June 30, 2017 as compared to the prior fiscal year occurred as a result of amortization rates decreasing over the underlying asset lives.
2
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1073349_18_item7_p48_s0
1073349_17_item7_p57_s0
For the fiscal year ended June 30, 2016 as compared to the prior fiscal year, interest income increased slightly.
For the fiscal year ended June 30, 2017 as compared to the prior fiscal year, interest income decreased slightly.
2
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[ "decreased" ]
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1073349_18_item7_p48_s3
1073349_17_item7_p57_s3
Provision for Income Taxes We recorded income tax expense of $0.8 million for the fiscal year ended June 30, 2016 compared to income tax expense of $18.4 million for the fiscal year ended June 30, 2015.
Provision for Income Taxes We recorded an income tax benefit of $5.1 million for the fiscal year ended June 30, 2017 compared to income tax expense of $0.8 million for the fiscal year ended June 30, 2016.
2
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[ "benefit", "5.1" ]
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1073349_18_item7_p49_s9
1073349_17_item7_p57_s9
Liquidity and Capital Resources We have financed our operations primarily from cash provided by operating activities, the sale of our common stock and the issuance of the Notes in December 2012.
We have financed our operations primarily from cash provided by operating activities, the sale of our common stock and debt proceeds.
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1073349_18_item7_p49_s0
1073349_17_item7_p58_s0
On December 9, 2016, we (as borrower) and certain of our domestic subsidiaries (as guarantors) entered into a credit agreement with Bank of America, N.A. and certain other lenders, that provides for a five-year revolving credit facility in the amount of up to $300 million (the Credit Facility).
Liquidity and Capital Resources On December 9, 2016, we (as borrower) and certain of our domestic subsidiaries (as guarantors) entered into a credit agreement with Bank of America, N.A. and certain other lenders, which provides for a five-year revolving credit facility in the amount of up to $300 million (the Credit Fa...
2
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1073349_18_item7_p12_s4
1073349_17_item7_p58_s2
Please refer to Note 10 Indebtedness to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
In addition, refer to Note 2 Significant Accounting Policies to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p43_s4
1073349_17_item7_p58_s2
Please refer to Note 10 Indebtedness to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 16 Income Taxes to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
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1073349_18_item7_p47_s5
1073349_17_item7_p58_s2
Please refer to Note 10 Indebtedness to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter.
2
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1073349_18_item7_p55_s0
1073349_17_item7_p61_s10
However, we continue to believe that our existing cash balances, even in light of the foreign currency volatility we frequently experience, are adequate to meet our operating requirements for the foreseeable future.
the foreign currency volatility we frequently experience, are adequate to meet our operating requirements for the foreseeable future.
2
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1073349_18_item7_p53_s0
1073349_17_item7_p61_s3
At June 30, 2017, our marketable securities of $2.0 million consisted primarily of U.S. corporate debt securities.
At June 30, 2018, our marketable securities of $10.0 million consisted primarily of U.S. government debt securities.
2
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1073349_18_item7_p54_s4
1073349_17_item7_p61_s8
Changes in the foreign currency exchange rates of the British Pound, Euro and Swiss Franc to the U.S. Dollar increased our overall cash balances by approximately $0.7 million for the fiscal year ended June 30, 2017.
Decreases primarily in the foreign currency exchange rate of the Swiss Franc to the U.S. Dollar decreased our overall cash balances by approximately $1.2 million for the fiscal year ended June 30, 2018.
2
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1084961_12_item7_p105_s6
1084961_11_item7_p108_s0
We do not have any off-balance sheet arrangements as defined by Item 303(a)(4) of Regulation S-K. Critical Accounting Policies Investment in Receivable Portfolios and Related Revenue .
We do not have any off-balance sheet arrangements as defined by Item 303(a)(4) of Regulation S-K.
2
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1084961_12_item7_p114_s0
1084961_11_item7_p117_s1
Given the nature and duration of a Chapter 13 proceeding, the monthly servicing deliverable provided relative to a Chapter 13 referred account is considered delivered each month and revenue is recognized ratably, including any upfront fees we received over time as the services are provided.
considered delivered each month and revenue is recognized ratably, including any upfront fees we received over time as the services are provided.
2
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1084961_12_item7_p127_s1
1084961_11_item7_p127_s0
When we establish a valuation allowance or increase this allowance in an accounting period, we record a corresponding tax expense in our statement of income.
When we reduce our valuation allowance in an accounting period, we record a corresponding tax benefit in our statement of income.
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1084961_12_item7_p127_s0
1084961_11_item7_p127_s1
When we reduce our valuation allowance in an accounting period, we record a corresponding tax benefit in our statement of income.
When we establish a valuation allowance or increase this allowance in an accounting period, we record a corresponding tax expense in our statement of income.
2
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1084961_12_item7_p117_s1
1084961_11_item7_p129_s0
As described in Deferred Court Costs above, we capitalize Deferred Court Costs in our consolidated financial statements and provide a reserve for those costs that we believe will ultimately be uncollectible.
We capitalize these costs in the consolidated financial statements and provide a reserve for those costs that we believe will ultimately be uncollectible.
2
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[]
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1084961_12_item7_p20_s1
1084961_11_item7_p22_s0
or zero basis portfolios, are recorded as revenue, or zero basis revenue or allowance reversal if applicable.
All collections realized after the net book value of a portfolio has been fully recovered, or zero basis portfolios, are recorded as revenue, or zero basis revenue or allowance reversal if applicable.
2
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1084961_12_item7_p52_s1
1084961_11_item7_p22_s0
or zero basis portfolios, are recorded as revenue, or zero basis revenue or allowance reversal if applicable.
All collections realized after the net book value of a portfolio has been fully recovered, or zero basis portfolios, are recorded as revenue, or zero basis revenue or allowance reversal if applicable.
2
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1084961_12_item7_p22_s0
1084961_11_item7_p24_s0
Servicing fee revenue is revenue primarily associated with bankruptcy servicing fees earned from our Ascension subsidiary, a provider of bankruptcy services to the finance industry.
revenue is revenue primarily associated with bankruptcy servicing fees earned from our Ascension subsidiary, a provider of bankruptcy services to the finance industry.
2
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1084961_12_item7_p25_s0
1084961_11_item7_p26_s0
(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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1084961_12_item7_p57_s0
1084961_11_item7_p26_s0
(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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1084961_12_item7_p90_s0
1084961_11_item7_p26_s0
(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(2) Revenue as a percentage of collections excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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1084961_12_item7_p24_s0
1084961_11_item7_p27_s0
(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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1084961_12_item7_p56_s0
1084961_11_item7_p27_s0
(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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1084961_12_item7_p90_s0
1084961_11_item7_p27_s0
(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(2) Revenue as a percentage of collections excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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1084961_12_item7_p58_s3
1084961_11_item7_p29_s0
million, compared to a net portfolio allowance provision of $19.3 million in the prior year.
During the year ended December 31, 2010, we recorded a net portfolio allowance provision of $22.2 million, compared to a net portfolio allowance provision of $19.3 million in the prior year.
2
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1084961_12_item7_p28_s6
1084961_11_item7_p30_s5
This increase was primarily attributable to awards granted to our senior management team in the year ended December 31, 2010 and the higher fair value of equity awards granted in recent periods due to an increase in our stock price.
This increase was primarily attributable to the higher fair value of equity awards granted in recent periods due to an increase in our stock price.
2
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1084961_12_item7_p62_s1
1084961_11_item7_p33_s1
As part of the settlement with Jefferson Capital, we returned accounts that were subject to Jefferson Capital s settlement with the FTC.
As part of the settlement with Jefferson Capital, we returned accounts that were subject to Jefferson Capital s settlement with the Federal Trade Commission.
2
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1084961_12_item7_p65_s0
1084961_11_item7_p35_s2
The increase was primarily the result of an increase of $2.6 million in direct mail campaign expenses, an increase of $1.7 million in media-related expenses, an increase of $1.9 million in telephone expenses, an increase of $1.1 million in telephone number tracing expenses and a net increase in various other operating ...
related expenses, an increase of $1.9 million in telephone expenses, an increase of $1.1 million in telephone number tracing expenses and a net increase in various other operating expenses of $3.1 million, all to support our growth.
2
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1084961_12_item7_p66_s6
1084961_11_item7_p37_s0
fees, an increase of $1.4 million in system maintenance costs and a net increase in other general and administrative expenses of $3.8 million.
The increase was primarily the result of an increase of $4.1 million in legal settlements, an increase of $1.4 million in system maintenance costs, an increase of $0.4 million in consulting fees, and a net increase in other general and administrative expenses of $3.8 million.
2
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behavior, we have been able to be more precise about where to use the legal channel, which has enabled us to reduce our cost expenditure without negatively impacting collections.
Additionally, as we refine our analytics and increase our ability to model consumer behavior, we have been able to be more precise about where to use the legal channel, which has enabled us to reduce our cost expenditure without negatively impacting collections.
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These costs include non- collection salaries and employee benefits, general and administrative expenses, other operating expenses and depreciation and amortization.
(3) Other indirect costs represent non-collection site salaries and employee benefits, general and administrative expenses, other operating expenses and depreciation and amortization.
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1084961_12_item7_p48_s5
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the year ended December 31, 2010 was primarily attributable to a $0.3 million gain recognized in connection with the early termination of a contract.
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1084961_12_item7_p74_s2
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the year ended December 31, 2010 was primarily attributable to a $0.3 million gain recognized in connection with the early termination of a contract.
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(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
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(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
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(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(2) Revenue as a percentage of collections excludes the effects of net portfolio allowance or net portfolio allowance reversals.
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(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
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The increase in portfolio revenue for the year ended December 31, 2009, was primarily the result of additional accretion revenue associated with a higher portfolio balance during the year ended December 31, 2009 compared to the year ended December 31, 2008.
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1084961_12_item7_p62_s1
1084961_11_item7_p55_s1
As part of the settlement with Jefferson Capital, we returned accounts that were subject to Jefferson Capital s settlement with the FTC.
As part of the settlement with Jefferson Capital, we returned accounts that were subject to Jefferson Capital s settlement with the Federal Trade Commission.
2
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[]
[ "Federal", "Trade", "Commission" ]
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1084961_12_item7_p40_s0
1084961_11_item7_p62_s0
Represents all operating expenses excluding stock-based compensation expense and bankruptcy servicing operating expenses.
(4) Represents all operating expenses, excluding stock-based compensation expense and bankruptcy servicing operating expenses.
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1084961_12_item7_p69_s0
1084961_11_item7_p62_s0
Represents all operating expenses excluding stock-based compensation expense and bankruptcy servicing operating expenses.
(3) Represents all operating expenses excluding stock-based compensation expense and bankruptcy servicing operating expenses.
2
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[ "3" ]
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1084961_12_item7_p49_s1
1084961_11_item7_p67_s10
The effective tax rate for the year ended December 31, 2008, primarily consisted of a provision for federal income taxes of 32.3% (which is net of a benefit for state taxes of 2.7%), a blended provision for state taxes of 7.8%, a 1.2% adjustment to federal taxes payable as a result of state tax rate changes and a benef...
The effective tax rate for the year ended December 31, 2011 primarily consisted of a provision for federal income taxes of 32.7% (which is net of a benefit for state taxes of 2.3%), a blended provision for state taxes of 6.5%, and a benefit for the effect of permanent book versus tax differences of 0.6%.
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[ "32.7", "2.3", "6.5", "0.6" ]
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1084961_12_item7_p77_s1
1084961_11_item7_p70_s0
Put-backs represent accounts that are returned to the seller in accordance with the respective purchase agreement ( Put-Backs ).
Recalls represents accounts that are recalled by the seller in accordance with the respective purchase agreement ( Recalls ).
2
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[]
[ "Recalls", "represents", "recalled", "Recalls" ]
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1084961_12_item7_p77_s0
1084961_11_item7_p70_s1
Recalls represents accounts that are recalled by the seller in accordance with the respective purchase agreement ( Recalls ).
Put-backs represent accounts that are returned to the seller in accordance with the respective purchase agreement ( Put-Backs ).
2
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[]
[ "Put", "backs", "represent", "returned", "Put", "Backs" ]
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1084961_12_item7_p6_s2
1084961_11_item7_p7_s1
Although charge-off rates remain at historic highs, delinquency levels have improved at a rate that may indicate a fundamental improvement in consumer financial strength.
Within the credit card space, delinquency levels have improved at a rate that may indicate a fundamental improvement in consumer financial strength.
2
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[]
[ "Within", "credit", "card", "space" ]
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1084961_12_item7_p24_s0
1084961_11_item7_p83_s0
(3) Revenue as a percentage of collections excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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[ "Gross", "revenue" ]
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1084961_12_item7_p25_s0
1084961_11_item7_p83_s0
(3) Revenue as a percentage of collections excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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[ "recognition", "rate" ]
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1084961_12_item7_p56_s0
1084961_11_item7_p83_s0
(3) Revenue as a percentage of collections excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(2) Gross revenue excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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[ "Gross", "revenue" ]
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1084961_12_item7_p57_s0
1084961_11_item7_p83_s0
(3) Revenue as a percentage of collections excludes the effects of net portfolio allowance or net portfolio allowance reversals.
(3) Revenue recognition rate excludes the effects of net portfolio allowance or net portfolio allowance reversals.
2
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[ "recognition", "rate" ]
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1084961_12_item7_p92_s0
1084961_11_item7_p84_s2
The estimated amortization of the investment in receivable portfolio balance is as follows (in thousands): Collections by Channel We utilize numerous business channels for the collection of charged-off credit cards and other receivables.
Collections by Channel We utilize numerous business channels for the collection of charged-off credit cards and other receivables.
2
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[]
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