PRA (PRAA) 10-K 28 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 23, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	000-50058
Entity Registrant Name	PRA Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-3078675
Entity Address, Address Line One	120 Corporate Boulevard
Entity Address, City or Town	Norfolk
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23502
City Area Code	888
Local Phone Number	772-7326
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	PRAA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 885,369,133
Entity Common Stock, Shares Outstanding		39,247,271
Documents Incorporated by Reference	Portions of the Registrant's definitive Proxy Statement for its 2024 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Amendment Flag	false
Entity Central Index Key	0001185348
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Name	Ernst & Young LLP	KPMG LLP
Auditor Location	Richmond, VA	Norfolk, VA
Auditor Firm ID	42	185

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 112,528	$ 83,376
Investments	72,404	79,948
Finance receivables, net	3,656,598	3,295,008
Income taxes receivable	27,713	31,774
Deferred tax assets, net	74,694	56,908
Right-of-use assets	45,877	54,506
Property and equipment, net	36,450	51,645
Goodwill	431,564	435,921
Other assets	67,526	86,588
Total assets	4,525,354	4,175,674
Liabilities:
Accounts payable	6,325	7,329
Accrued expenses	131,893	111,395
Income taxes payable	17,912	25,693
Deferred tax liabilities, net	17,051	42,918
Lease liabilities	50,300	59,384
Interest-bearing deposits	115,589	112,992
Borrowings	2,914,270	2,494,858
Other liabilities	32,638	34,355
Total liabilities	$ 3,285,978	$ 2,888,924
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares, Outstanding	39,247,000	38,980,000
Common Stock, Shares, Issued	39,247,000	38,980,000
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Equity:
Preferred stock, $0.01 par value, 2,000 shares authorized, no shares issued and outstanding	$ 0	$ 0
Common stock, $0.01 par value, 100,000 shares authorized, 39,247 shares issued and outstanding as of December 31, 2023; 100,000 shares authorized, 38,980 shares issued and outstanding as of December 31, 2022	392	390
Additional paid-in capital	7,071	2,172
Retained earnings	1,489,548	1,573,025
Accumulated Other Comprehensive Income (Loss), Net of Tax	(329,899)	(347,926)
Total stockholders' equity - PRA Group, Inc.	1,167,112	1,227,661
Noncontrolling interests	72,264	59,089
Total equity	1,239,376	1,286,750
Total liabilities and equity	$ 4,525,354	$ 4,175,674

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	39,247,000	38,980,000
Common stock, shares outstanding	39,247,000	38,980,000

Consolidated Income Statements

Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Portfolio income	$ 757,128	$ 772,315	$ 875,327
Changes in estimated recoveries	29,134	168,904	197,904
Total portfolio revenue	786,262	941,219	1,073,231
Other revenue	16,292	25,305	22,501
Total revenues	802,554	966,524	1,095,732
Operating expenses:
Compensation and employee services	288,778	285,537	301,981
Legal collection costs	89,131	76,757	78,330
Agency fees	74,699	63,808	63,140
Outside fees and services	82,619	92,355	92,615
Communication	40,430	39,205	42,755
Rent and occupancy	17,319	18,589	18,376
Depreciation and amortization	13,376	15,243	15,256
Other operating expenses	52,399	50,778	61,077
Total operating expenses	702,062	680,722	720,736
Income from operations	100,492	285,802	374,996
Other income and (expense):
Interest Income (Expense), Net	(181,724)	(130,677)	(124,143)
Gain (Loss), Foreign Currency Transaction, before Tax	289	985	(809)
Other	(1,944)	(1,325)	282
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	(82,887)	154,785	250,326
Income Tax Expense (Benefit)	(16,133)	36,787	54,817
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total	(66,754)	117,998	195,509
Adjustment for net income attributable to noncontrolling interests	16,723	851	12,351
Net Income (Loss) Attributable to Parent, Total	$ (83,477)	$ 117,147	$ 183,158
Net income per share attributable to PRA Group, Inc.:
Basic (USD per share)	$ (2.13)	$ 2.96	$ 4.07
Diluted (USD per share)	$ (2.13)	$ 2.94	$ 4.04
Weighted average number of shares outstanding:
Basic (shares)	39,177	39,638	44,960
Diluted (shares)	39,177	39,888	45,330
Legal Fees	$ 38,072	$ 38,450	$ 47,206
Impairment, Long-Lived Asset, Held-for-Use	$ 5,239	$ 0	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (66,754)	$ 117,998	$ 195,509
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	45,524	(105,292)	(56,219)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(21,207)	33,175	27,978
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	302	(16)	(348)
Other Comprehensive Income (Loss), Net of Tax, Total	24,619	(72,133)	(28,589)
Total comprehensive income/(loss)	(42,135)	45,865	166,920
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	23,315	9,735	4,880
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total	$ (65,450)	$ 36,130	$ 162,040

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Previously Reported	Change in Accounting Principle	[1]	Common Stock [Member]	Common Stock [Member] Previously Reported	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Previously Reported	Additional Paid-in Capital [Member] Change in Accounting Principle	[1]	Retained Earnings [Member]	Retained Earnings [Member] Previously Reported	Retained Earnings [Member] Change in Accounting Principle	[1]	AOCI Attributable to Parent [Member]	AOCI Attributable to Parent [Member] Previously Reported	Noncontrolling Interest [Member]	Noncontrolling Interest [Member] Previously Reported
Beginning Balance, shares at Dec. 31, 2020					45,585,000	45,585,000
Beginning balance at Dec. 31, 2020	$ 1,358,837	$ 1,373,526	$ (14,689)		$ 456	$ 456	$ 48,585	$ 75,282	$ (26,697)		$ 1,523,978	$ 1,511,970	$ 12,008		$ (245,791)	$ (245,791)	$ 31,609	$ 31,609
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	195,509										183,158						12,351
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(56,219)														(48,748)		(7,471)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	27,978														27,978
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	(348)														(348)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(21,411)																(21,411)
Noncontrolling Interest, Increase From Contributions	23,413																23,413
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture					264,000
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture					$ 2		(2)
Stock Repurchased and Retired During Period, Value	(212,870)				$ (48)		(58,531)				(154,291)
Number of shares repurchased and retired					(4,841,000)
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	15,940						15,940
Employee Stock Relinquished for Payment of Taxes	(5,992)						(5,992)
Ending Balance, shares at Dec. 31, 2021					41,008,000
Ending balance at Dec. 31, 2021	1,324,837				$ 410		0				1,552,845				(266,909)		38,491
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	117,998										117,147						851
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(105,292)														(114,176)		8,884
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	33,175														33,175
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	(16)														(16)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(6,691)																(6,691)
Noncontrolling Interest, Increase From Contributions	17,554																17,554
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture					303,000
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture					$ 4		(4)
Stock Repurchased and Retired During Period, Value	(99,390)				$ (24)		(2,399)				(96,967)
Number of shares repurchased and retired					(2,331,000)
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	13,047						13,047
Employee Stock Relinquished for Payment of Taxes	$ (8,472)						(8,472)
Ending Balance, shares at Dec. 31, 2022	38,980,000				38,980,000
Ending balance at Dec. 31, 2022	$ 1,286,750				$ 390		2,172				1,573,025				(347,926)		59,089
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(66,754)										(83,477)						16,723
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	45,524														38,932		6,592
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(21,207)														(21,207)
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	302														302
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(10,140)																(10,140)
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture					267,000
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture					$ 2		(2)
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	11,095						11,095
Employee Stock Relinquished for Payment of Taxes	$ (6,194)						(6,194)
Ending Balance, shares at Dec. 31, 2023	39,247,000				39,247,000
Ending balance at Dec. 31, 2023	$ 1,239,376				$ 392		$ 7,071				$ 1,489,548				$ (329,899)		$ 72,264
[1] (1) Beginning January 1, 2021, the Company implemented ASU 2020-06 Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. For additional information, see Note 1 "General and Summary of Significant Accounting Policies" to the Company's Consolidated Financial Statements included in its Annual Report on Form 10-K for the year ended December 31, 2021.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (66,754)	$ 117,998	$ 195,509
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Share-Based Payment Arrangement, Noncash Expense	11,095	13,047	15,940
Depreciation, Depletion and Amortization, and Impairment, Nonproduction	18,615	15,243	15,256
Gain (Loss) on Extinguishment of Debt	(343)	0	0
Amortization of Debt Issuance Costs and Discounts	9,223	10,097	9,508
Financing Receivable, Allowance For Credit Loss, Changes In Estimated Recoveries	(29,134)	(168,904)	(197,904)
Deferred Income Taxes and Tax Credits	(35,942)	607	6,803
Realized Gain (Loss), Foreign Currency Transaction, before Tax	(16,552)	34,970	29,003
Equity Securities, FV-NI, Realized Gain (Loss)	1,564	437	(386)
Other Noncash Income (Expense)	(2,755)	(191)	(211)
Other assets
Increase (Decrease) in Other Operating Assets	(1,835)	7,096	195
Increase (Decrease) in Accounts Payable	(1,205)	3,960	(1,323)
Increase (Decrease) in Income Taxes	(4,815)	13,709	(30,824)
Increase (Decrease) in Other Accrued Liabilities	18,968	(2,449)	19,586
Increase (Decrease) in Other Operating Liabilities	2,834	(24,492)	23,691
Increase (Decrease) In Operating Lease Asset (Liability)	(499)	464	82
Net Cash Provided by (Used in) Operating Activities, Total	(97,535)	21,592	84,925
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	(2,887)	(13,251)	(11,212)
Payments to Acquire Finance Receivables	(1,160,289)	(844,255)	(971,708)
Proceeds From Recovery Of Negative Financing Receivable Allowance	917,025	974,846	1,185,954
Payments to Acquire Businesses, Net of Cash Acquired	0	0	(647)
Proceeds from Sale and Maturity of Marketable Securities	71,348	66,113	68,904
Net Cash Provided by (Used in) Investing Activities, Total	(234,860)	120,453	160,376
Retirement of Convertible Senior Notes due 2023
Proceeds from Long-Term Lines of Credit	814,630	1,607,108	769,903
Repayments of Long-Term Lines of Credit	(480,100)	(1,598,608)	(1,163,075)
Repayments of Convertible Debt	(345,000)	0	0
Repayments of Other Long-Term Debt	(7,500)	(10,000)	(10,000)
Payments for Repurchase of Common Stock	0	(111,371)	(200,887)
Payments of Financing Costs	(5,323)	(15,550)	(9,479)
Payment, Tax Withholding, Share-Based Payment Arrangement	(6,194)	(8,472)	(5,992)
Payments to Noncontrolling Interests	(10,140)	(6,691)	(21,411)
Proceeds from Noncontrolling Interests	0	17,554	23,413
Net Change Interest-Bearing Deposits, Foreign	(1,416)	4,688	4,716
Supplemental disclosure of cash flow information:	355,300	(121,342)	(262,812)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	6,029	(25,017)	(14,464)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	28,934	(4,314)	(31,975)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	84,758	89,072	121,047
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	113,692	84,758	89,072
Cash and Cash Equivalents, at Carrying Value	112,528	83,376	87,584
Restricted cash, carrying amount	1,164	1,382	1,488
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Total	113,692	84,758	89,072
Supplemental Cash Flow Information [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	138,305	116,932	112,277
Income Taxes Paid	25,544	21,860	77,817
Payments For (Proceeds From) Marketable Securities)	(60,057)	(63,000)	(110,915)
Payments On Senior Notes	(3,657)	0	0
2028 Notes
Retirement of Convertible Senior Notes due 2023
Proceeds from Issuance of Other Long-Term Debt	400,000	0	0
2029 Notes
Retirement of Convertible Senior Notes due 2023
Proceeds from Issuance of Other Long-Term Debt	$ 0	$ 0	$ 350,000

General and Summary of Signific

General and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
General and Summary of Significant Accounting Policies	General and Summary of Significant Accounting Policies: Nature of operations: As used herein, the terms "PRA Group," the "Company," or similar terms refer to PRA Group, Inc. and its subsidiaries. PRA Group, Inc., a Delaware corporation, is a global financial and business services company with operations based primarily in the Americas and Europe, and to a lesser extent, Australia. The Company's primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company also provides fee-based services on class action claims recoveries in the United States ("U.S."). Basis of presentation: The Consolidated Financial Statements of the Company are prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). The preparation of the Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts and disclosures. Realized results could differ from those estimates and assumptions. Reclassification of prior year presentation : Certain prior year amounts have been reclassified for consistency with the current year presentation. Fee income is now included within Other revenue in the Consolidated Income Statements. Consolidation: The Consolidated Financial Statements include the accounts of PRA Group and other entities in which the Company has a controlling interest. All significant intercompany accounts and transactions have been eliminated. Entities in which the Company has a controlling financial interest, through ownership of the majority of the entities’ voting equity interests, or through other contractual rights that give the Company control, consist of entities that purchase and collect on portfolios of nonperforming loans. Noncontrolling interests represent the portion of net income and equity attributable to third-party owners of consolidated subsidiaries that are not wholly-owned by the Company. These noncontrolling interests relate primarily to funds in Brazil that invest in nonperforming loan portfolios. Investments in companies in which the Company has significant influence over operating and financing decisions, but does not own a majority of the voting equity interests, are accounted for in accordance with the equity method of accounting, which requires the Company to recognize its proportionate share of the entity’s net earnings. The Company's equity method investment is included in Other assets, with income or loss included in Other revenue. The Company performs on-going reassessments whether changes in the facts and circumstances regarding the Company’s involvement with an entity could cause the Company’s consolidation conclusion to change. Foreign currency: Assets and liabilities have been translated into the reporting currency using the exchange rates in effect on the date of the Consolidated Balance Sheets. Equity accounts are translated at historical rates, except for the change in retained earnings during the year, which is the result of the income statement translation process. Revenue and expense accounts are translated using the weighted average exchange rate during the period. The cumulative translation adjustments associated with the net assets of international subsidiaries are recorded in Accumulated other comprehensive loss in the accompanying Consolidated Statements of Changes in Equity. Segments: The Company has determined that it has two operating segments that meet the aggregation criteria of Accounting Standards Codification ("ASC") 280, Segment Reporting ("ASC 280"), and, therefore, it has one reportable segment. This conclusion is based on similarities among the operating segments, including economic characteristics, the nature of the products and services, the nature of the production processes, the types or classes of customers for their services, the methods used to distribute their services and the nature of the regulatory environment. Revenues and long-lived assets by geographical location: Revenues for the years ended December 31, 2023, 2022 and 2021, and long-lived assets held as of December 31, 2023 and 2022, by geographic area in which the Company operates, were as follows (amounts in thousands): 2023 2022 2021 2023 2022 Revenues (2) Long-Lived Assets United States $ 358,251 $ 520,747 $ 651,991 $ 58,452 $ 79,865 United Kingdom 119,963 181,725 175,383 11,377 12,141 Brazil 95,556 36,412 62,740 3 3 Other (1) 228,784 227,640 205,618 12,495 14,142 Total $ 802,554 $ 966,524 $ 1,095,732 $ 82,327 $ 106,151 (1) None of the countries included in Other comprise greater than 10% of the Company's consolidated revenues or long-lived assets. (2) Based on the Company’s financial statement information used to produce the Company's general-purpose financial statements, it is impracticable to report further breakdowns of revenues from external customers. The Company generates revenues from collection activities on nonperforming loans, and to a lesser extent, fee-based services and equity method investments. Long-lived assets consist of Property and equipment, net and Right-of-use ("ROU") assets. Cash and cash equivalents: The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Restricted cash: Cash that is subject to legal restrictions or is unavailable for general operating purposes is classified as restricted cash and included in Other assets in the Company's Consolidated Balance Sheets. Concentrations of credit risk: Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, investments, derivative financial instruments and finance receivables. Accumulated other comprehensive loss: The Company records unrealized gains and losses on certain available-for-sale investments and foreign currency translation adjustments in other comprehensive income ("OCI"). Unrealized gains and losses on available for sale investments are reclassified to earnings as the gains or losses are realized upon sale of the securities. Translation gains or losses on foreign currency translation adjustments are reclassified to earnings upon the substantial sale or liquidation of investments in international operations. For the Company’s derivative financial instruments that are designated as hedging instruments, the change in fair value is recorded in OCI. Investments: Debt Securities: The Company determines the appropriate classification of its investments in debt securities at the time of purchase and reevaluates such determinations at each balance sheet date. Debt securities are classified as held-to-maturity when the Company has the positive intent and ability to hold the securities to maturity. Held-to-maturity securities are carried at amortized cost. Debt securities which the Company does not have the intent or ability to hold to maturity are classified as available-for-sale. Available-for-sale securities are carried at fair market value. Fair value is determined using quoted market prices. Unrealized gains and losses are included in comprehensive income and reported in stockholders' equity. The Company evaluates debt securities for impairment. When there has been a decline in fair value below the amortized cost, the Company recognizes an impairment if: (1) it has the intent to sell the security; (2) it is more likely than not that it will be required to sell the security before recovery of the amortized cost; or (3) it does not expect to recover the entire amortized cost of the security. If the Company identifies that the decline in fair value has resulted from credit losses, the credit loss component is recognized as an allowance in the Consolidated Balance Sheets with a corresponding charge to Other expense in the Consolidated Income Statements. The non-credit loss component remains in Other comprehensive loss until realized from a sale or subsequent impairment. Equity Securities: Investments in equity securities are measured at fair value with unrealized gains and losses reported in earnings. Equity Method Investments: Equity investments that are not consolidated, but over which the Company exercises significant influence, are accounted for as equity method investments. Whether or not the Company exercises significant influence with respect to an investee company depends on an evaluation of several factors including, among others, representation on the investee company’s board of directors and ownership level, which is generally a 20% to 50% interest in the voting securities of the investee company. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Consolidated Balance Sheets and Income Statements; rather, the Company’s share of the earnings or losses of the investee company is reflected in Other revenue in the Consolidated Income Statements. The Company’s carrying value in an equity method investee company is reflected in Investments in the Company’s Consolidated Balance Sheets. When the Company’s carrying value in an equity method investee company is reduced to zero, no further losses are recorded in the Company’s Consolidated Financial Statements unless the Company guaranteed obligations of the investee company or has committed additional funding. When the investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized. Finance receivables and income recognition: The Company's financial assets (or a group of financial assets) are measured at amortized cost and presented at the net amount expected to be collected. Credit quality information : The Company acquires portfolios of accounts that have experienced deterioration of credit quality between origination and the Company's acquisition of the accounts. The amount paid for a portfolio reflects the Company's determination that it is probable the Company will be unable to collect all amounts due according to an account's contractual terms. The Company accounts for the portfolios in accordance with the guidance for purchased credit deteriorated ("PCD") assets. The initial allowance for credit losses is added to the purchase price rather than recorded as a credit loss expense. The Company has established a policy to write off the amortized cost of individual assets when it deems probable that it will not collect on an individual asset. Due to the deteriorated credit quality of the individual accounts, the Company may write off the unpaid principal balance of all accounts in a portfolio at the time of acquisition. However, when the Company has an expectation of collecting cash flows at the portfolio level, a negative allowance is established for expected recoveries at an amount not to exceed the amount paid for the financial portfolios. The negative allowance is recorded as an asset and presented as Finance receivables, net in the Company's Consolidated Balance Sheets. Portfolio segments : The Company develops systematic methodologies to determine its allowance for credit losses at the portfolio segment level. The Company’s nonperforming loan portfolio segments consist of two broad categories: Core and Insolvency. The Company’s Core portfolios contain loan accounts that are in default and that were purchased at a substantial discount to face value because either the credit originator and/or other third-party collection agencies have been unsuccessful in collecting the full balance owed. The Company’s Insolvency portfolios contain loan accounts that are in default and the customer is involved in a bankruptcy or insolvency proceeding and the accounts were purchased at a substantial discount to face value. Each of the two broad portfolio segments of purchased nonperforming loan portfolios consist of large numbers of homogeneous receivables with similar risk characteristics. Effective interest rate and accounting pools : Within each portfolio segment, the Company pools accounts with similar risk characteristics that are acquired in the same year. Similar risk characteristics generally include portfolio segment and geographic region. The initial effective interest rate of the pool is established based on the purchase price and expected recoveries of each individual purchase at the purchase date. During the year of acquisition, the annual pool is aggregated, and the blended effective interest rate will adjust to reflect new acquisitions and new cash flow estimates until the end of the year. The effective interest rate for a pool is fixed for the remaining life of the pool once the year has ended. Methodology : The Company develops its estimates of expected recoveries by applying discounted cash flow methodologies to its estimated remaining collections ("ERC") and recognizes income over the estimated life of the pool at the constant effective interest rate of the pool. Subsequent changes (favorable and unfavorable) in expected cash flows are recognized within Changes in expected recoveries in the Consolidated Income Statements by recording the present value of those changes in ERC at a constant effective interest rate. Amounts included in the estimate of recoveries do not exceed the aggregate amount of the amortized cost basis previously written off or expected to be written off. The measurement of expected recoveries is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. Development of the Company’s forecasts rely on both quantitative and qualitative factors. Qualitative factors can include both external and internal information and consider management’s view on available facts and circumstances at each reporting period. More specifically, external factors that may have an impact on the collectability, and subsequently on the overall profitability of acquired portfolios of nonperforming loans, would include new laws or regulations relating to collections, new interpretations of existing laws or regulations, and the overall condition of the economy. Internal factors that may have an impact on the collectability, and subsequently the overall profitability of acquired portfolios of nonperforming loans, would include necessary revisions to initial and post-acquisition operational scoring and modeling estimates, operational activities and the expected impact of operational strategies. Portfolio income : The recognition of income on expected recoveries is based on the constant effective interest rate established for a pool. Changes in expected recoveries : The activity consists of differences between actual and expected recoveries for the reporting period, as well as the net present value of increases or decreases in ERC at the constant effective interest rate. Agreements to acquire finance receivables include general representations and warranties from the sellers covering matters such as account holder death or insolvency and accounts settled or disputed prior to sale. The representation and warranty period permitting the return of these accounts from the Company to the seller is typically 90 to 180 days, with certain international agreements extending as long as 24 months. Any funds received from the seller as a return of purchase price are referred to as buybacks. Buyback funds are included in changes in expected recoveries when received. Fees paid to third parties other than the seller related to the direct acquisition of a portfolio of accounts are expensed when incurred. Fee income recognition: The Company recognizes revenue from its class action claims recovery services when there is persuasive evidence that an arrangement exists, delivery has occurred or services have been rendered, the amount is fixed or determinable, and collectability is reasonably assured. This revenue is included within Other revenue in the Company's Consolidated Income Statements. Property and equipment: Property and equipment, including improvements that significantly add to the productive capacity or extend useful life, are recorded at cost. Maintenance and repairs are expensed as incurred. Property and equipment are depreciated over their useful lives using the straight-line method, as follows: Category of Property and Equipment Estimated Useful Life Software and computer equipment Three Furniture and fixtures Ten years Equipment Five years Leasehold improvements Remaining term of the lease Building improvements Ten Whe n property is sold or retired, the cost and related accumulated depreciation are removed from the balance sheet and any gain or loss is included in the Company's Consolidated Income Statements. Impairment is assessed periodically when events or changes in circumstances indicate the carrying value of property and equipment may not be fully recoverable. Goodwill: Goodwill is not amortized, but rather, is reviewed for impairment annually or more frequently if indicators of potential impairment exist. The Company performs its annual assessment of goodwill as of October 1. The Company may first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If management concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the fair value of the reporting unit is determined. An impairment loss is recorded for the amount by which the carrying value of the reporting unit exceeds its fair value, not to exceed the total amount of goodwill allocated to the respective reporting unit. Income taxes: The Company records a tax provision for the anticipated tax consequences of the reported results of operations. Current tax expense represents the estimated taxes to be paid or refunded for the current period and includes income tax expense related to uncertain tax positions. The Company made an accounting policy election to treat U.S. taxes due in relation to Global Intangible Low-Taxed Income ("GILTI") as a current-period expense when incurred. The provision for income taxes is estimated using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company is subject to income taxes throughout the U.S. and in numerous international jurisdictions. The Company recognizes the financial statement benefits of an uncertain tax position if it is more likely than not to be sustained in the event of challenges by relevant taxing authorities based on the technical merit. The amount of benefits to recognize in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon settlement with the relevant tax authorities. The Company exercises significant judgment in making these determinations. The Company records interest and penalties related to unrecognized tax benefits as a component of income tax expense when the more likely than not standards are not met. While actual results could vary, the Company believes it has made adequate tax accruals with respect to the ultimate outcome of such tax matters. A valuation allowance for deferred tax assets is recorded and charged to earnings in the period if it is determined that it is more likely than not that the deferred tax asset will not be realized. If the Company subsequently realizes deferred tax assets that were previously determined to be unrealizable, the related valuation allowance is reversed, resulting in a positive adjustment to earnings in the period such determination is made. The need for a valuation allowance is determined on a jurisdiction-by-jurisdiction basis. Leases: The Company recognizes a liability for future lease payments and an ROU asset, representing its right to use the underlying asset for the lease term, in the Consolidated Balance Sheets. The Company's operating lease portfolio primarily includes corporate offices and call centers. Its leases have remaining lease terms from one 12 years, some of which include options to extend the leases, the longest of which is for up to 10 years; while o thers include options to terminate the leases in accordance with specified notice periods. Exercises of lease renewal options are typically at the Company's sole discretion, with renewal periods included in ROU assets and lease liabilities based upon whether the Company is reasonably certain of exercising the renewal options and/or not exercising the termination options. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately, and the Company elected not to apply the lease recognition requirements to short-term leases. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. Share-based compensation: Compensation expense associated with share equity awards is recognized in the income statement. The Company determines stock-based compensation expense for all share-based payment awards based on the measurement date fair value. The Company has certain share awards that include market conditions that affect vesting. The fair value of these shares is estimated using a lattice model. Compensation cost is not adjusted if the market condition is not met, as long as the requisite service is provided. The Company estimates a forfeiture rate for most equity share grants based on historical experience. Time-based equity share awards generally vest between one Note 11 for additional information. Earnings per share: Basic EPS is computed by dividing net income available to common stockholders of PRA Group, Inc. by weighted average common shares outstanding. Diluted EPS are computed using the same components as basic EPS with the denominator adjusted for the dilutive effect of the conversion spread of the Convertible Notes and nonvested share awards, if they are dilutive. Share-based awards that are contingent upon the attainment of performance goals are included in the computation of diluted EPS if the effect is dilutive. The dilutive effect of nonvested shares is computed using the treasury stock method, which assumes any proceeds that could be obtained upon the vesting of nonvested shares would be used to purchase common shares at the average market price for the period. Derivatives: The Company periodically enters into derivative financial instruments, typically interest rate swap agreements and foreign currency contracts, to reduce its exposure to fluctuations in interest rates on variable-rate debt and foreign currency exchange rates. The Company does not utilize derivative financial instruments with a level of complexity or with a risk greater than the exposure to be managed, nor does it enter into or hold derivatives for trading or speculative purposes. The Company periodically reviews the creditworthiness of the counterparty to assess the counterparty's ability to honor its obligations. Counterparty default would expose the Company to fluctuations in interest and currency rates. All of the Company's outstanding derivative financial instruments are recognized in the Consolidated Balance Sheets at their fair values. The effect on earnings from recognizing the fair values of these derivative financial instruments depends on their intended use, their hedge designation, and their effectiveness in offsetting changes in the fair values of the exposures they are hedging. Under the cash flow hedge accounting model, changes in the fair values of instruments used to reduce or eliminate adverse fluctuations in cash flows of anticipated or forecasted transactions are reported in equity as a component of Accumulated other comprehensive loss. Amounts in Accumulated other comprehensive loss are reclassified to earnings when the related hedged items affect earnings or the anticipated transactions are no longer probable, with those gains and losses recorded in the same financial statement line-item as the hedged item/forecasted transaction. Changes in the fair values of derivative financial instruments that are not designated as hedges or do not qualify for hedge accounting treatment are reported in earnings. Cash flows from the settlement of derivatives, including both those designated in hedge accounting relationships and economic hedges, are reflected in the Consolidated Statements of Cash Flows in the same categories as the cash flows of the hedged item. For derivative financial instruments accounted for as hedging instruments, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective, and the manner in which effectiveness of the hedge will be assessed. The Company assesses, both at inception and at each reporting period thereafter, whether the derivative financial instruments used in hedging transactions are effective in offsetting changes in fair value or cash flows of the related underlying exposures. The Company discontinues the use of hedge accounting prospectively when (1) the derivative instrument is no longer effective in offsetting changes in fair value or cash flows of the underlying hedged item; (2) the derivative instrument expires, is sold, terminated, or exercised; or (3) designating the derivative instrument as a hedge is no longer appropriate. See Note 8 for additional information. Use of estimates: The preparation of the Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates have been made by management with respect to the: • timing and amount of future cash collections of the Company's finance receivables portfolios; • determination of fair value of a reporting unit as part of testing goodwill for impairment; and • interpretation of the tax laws required to calculate the Company's income tax-related balances. Actual results could differ from these estimates making it reasonably possible that a change in these estimates could occur within one year. Commitments and contingencies: The Company is subject to various claims and contingencies related to lawsuits, certain taxes and commitments under contractual and other obligations. The Company recognizes liabilities for commitments and contingencies when a loss is probable and estimable. The Company expenses related legal costs as incurred. See Note 14 for additional information. Estimated fair value of financial instruments: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company takes into consideration differing levels of inputs in the determination of fair values. Disclosure of the estimated fair values of financial instruments often requires the use of estimates. See Note 9 for additional information. Recent accounting pronouncements: Recently issued accounting pronouncements adopted: The Company has determined that no recently issued and adopted accounting pronouncements have had, or are expected to have, a material effect on the Company's Consolidated Financial Statements. Recently issued accounting pronouncements not yet adopted: In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" ("ASU 2023-07"), which, among other updates, requires enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker, as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, and requires retrospective adoption. Early adoption is permitted. The Company is evaluating the impact of ASU 2023-07 on its Consolidated Financial Statements and the related disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"), which requires enhanced annual disclosures with respect to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, and may be adopted on a prospective or retrospective basis. Early adoption is permitted. The Company is evaluating the impact of ASU 2023-07 on its Consolidated Financial Statements and the related disclosures.

Finance Receivables, net

Finance Receivables, net	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Finance Receivables, net	Finance Receivables, net: Finance receivables, net consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Amortized cost $ — $ — Negative allowance for expected recoveries 3,656,598 3,295,008 Balance at end of year $ 3,656,598 $ 3,295,008 Changes in the negative allowance for expected recoveries by portfolio segment for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Balance at beginning of year $ 2,936,207 $ 358,801 $ 3,295,008 Initial negative allowance for expected recoveries - portfolio acquisitions (1) 1,017,609 136,474 1,154,083 Foreign currency translation adjustment 86,047 9,351 95,398 Recoveries applied to negative allowance (2) (758,547) (158,478) (917,025) Changes in expected recoveries (3) 13,898 15,236 29,134 Balance at end of year $ 3,295,214 $ 361,384 $ 3,656,598 2022 Core Insolvency Total Balance at beginning of year $ 2,989,932 $ 438,353 $ 3,428,285 Initial negative allowance for expected recoveries - portfolio acquisitions (1) 771,977 78,019 849,996 Foreign currency translation adjustment (156,795) (20,536) (177,331) Recoveries applied to negative allowance (2) (795,489) (179,357) (974,846) Changes in expected recoveries (3) 126,582 42,322 168,904 Balance at end of year $ 2,936,207 $ 358,801 $ 3,295,008 (1) Initial negative allowance for expected recoveries - portfolio acquisitions Portfolio acquisitions for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Face value $ 7,637,744 $ 747,192 $ 8,384,936 Noncredit discount (843,375) (51,259) (894,634) Allowance for credit losses at acquisition (5,776,760) (559,459) (6,336,219) Purchase price $ 1,017,609 $ 136,474 $ 1,154,083 2022 Core Insolvency Total Face value $ 5,174,974 $ 455,644 $ 5,630,618 Noncredit discount (541,686) (28,279) (569,965) Allowance for credit losses at acquisition (3,861,311) (349,346) (4,210,657) Purchase price $ 771,977 $ 78,019 $ 849,996 The initial negative allowance recorded on portfolio acquisitions for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Allowance for credit losses at acquisition $ (5,776,760) $ (559,459) $ (6,336,219) Writeoffs, net 5,776,760 559,459 6,336,219 Expected recoveries 1,017,609 136,474 1,154,083 Initial negative allowance for expected recoveries $ 1,017,609 $ 136,474 $ 1,154,083 2022 Core Insolvency Total Allowance for credit losses at acquisition $ (3,861,311) $ (349,346) $ (4,210,657) Writeoffs, net 3,861,311 349,346 4,210,657 Expected recoveries 771,977 78,019 849,996 Initial negative allowance for expected recoveries $ 771,977 $ 78,019 $ 849,996 (2) Recoveries applied to negative allowance Recoveries applied to the negative allowance for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Recoveries (a) $ 1,474,009 $ 200,144 $ 1,674,153 Less - amounts reclassified to portfolio income 715,462 41,666 757,128 Recoveries applied to negative allowance $ 758,547 $ 158,478 $ 917,025 2022 Core Insolvency Total Recoveries (a) $ 1,521,504 $ 225,657 $ 1,747,161 Less - amounts reclassified to portfolio income 726,015 46,300 772,315 Recoveries applied to negative allowance $ 795,489 $ 179,357 $ 974,846 (a) Recoveries includes cash collections, buybacks and other cash-based adjustments. (3) Changes in expected recoveries Changes in expected recoveries for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Changes in expected future recoveries $ (34,394) $ (1,604) $ (35,998) Recoveries received in excess of forecast 48,292 16,840 65,132 Changes in expected recoveries $ 13,898 $ 15,236 $ 29,134 2022 Core Insolvency Total Changes in expected future recoveries $ 48,806 $ 13,405 $ 62,211 Recoveries received in excess of forecast 77,776 28,917 106,693 Changes in expected recoveries $ 126,582 $ 42,322 $ 168,904 In order to estimate future cash collections, the Company considers historical collections performance and its view of current and future economic conditions and consumer habits in the various geographies in which the Company operates. Based on these considerations, the Company’s estimates of ERC incorporate changes in both the amounts and the timing of expected cash collections over the forecast period. Changes in expected recoveries for the year ended December 31, 2023 were a net positive $29.1 million. This was comprised of $65.1 million in recoveries received in excess of forecast (cash collections overperformance), due in large part to collections performance in Europe, and a $36.0 million negative adjustment to changes in expected future recoveries, primarily due to adjustments made in certain U.S. pools.

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Investments: Investments consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Debt securities Available-for-sale $ 59,470 $ 66,813 Equity securities Private equity funds 2,451 4,373 Equity method investment 10,483 8,762 Total investments $ 72,404 $ 79,948 Debt Securities Available-for-Sale Government securities : The Company's investments in government instruments, consisting of Swedish treasury securities as of December 31, 2023 (Norwegian bonds and Swedish treasury securities as of December 31, 2022), are classified as available-for-sale and stated at fair value. The December 31, 2023 balance of $59.5 million matures within one year . The amortized cost and fair value of investments in debt securities as of December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Available-for-sale Government securities $ 59,404 $ 66 $ — $ 59,470 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Available-for-sale Government securities $ 67,049 $ 1 $ (237) $ 66,813 Equity Securities Private equity funds : Investments in private equity funds represent limited partnerships in which the Company has less than a 1% interest. Equity Method Investment The Company ha s an 11.7% interest in RCB Investimentos S.A. ("RCB"), a servicing platform for nonperforming loans in Brazil. This investment is accounted

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases: The components of lease expense for the years ended December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 2022 Operating lease expense $ 10,632 $ 11,981 Short-term lease expense 2,007 2,374 Sublease income (317) (486) Total lease expense $ 12,322 $ 13,869 Supplemental cash flow information and non-cash activity related to leases for the years ended December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities $ 11,514 $ 11,852 ROU assets obtained in exchange for operating lease obligations (1) $ 1,060 $ 8,882 (1) Includes the impact of new leases as well as remeasurements and modifications of existing leases. Lease term and discount rate information related to operating leases were as follows: 2023 2022 Weighted-average remaining lease term (years) 7.4 8.0 Weighted-average discount rate 4.7 % 4.5 % Maturities of lease liabilities as of December 31, 2023, were as follows for the years ending December 31, (amounts in thousands): Operating Leases 2024 $ 10,015 2025 9,791 2026 8,658 2027 5,789 2028 5,661 Thereafter 19,928 Total lease payments 59,842 Less: imputed interest (9,542) Total present value of lease liabilities $ 50,300

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, net	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, net	Goodwill: The Company performs an annual review of goodwill as of October 1 of each year, or more frequently if indicators of impairment exist. The Company performed its annual review of goodwill as of October 1, 2023, and concluded that goodwill was not impaired. Changes in goodwill for the years ended December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 2022 Balance at beginning of year $ 435,921 $ 480,263 Change in foreign currency translation adjustment (4,357) (44,342) Balance at end of year $ 431,564 $ 435,921

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Borrowings	Borrowings: The Company's borrowings consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Americas revolving credit (1) $ 396,303 $ 186,867 UK revolving credit 502,847 453,528 Europe revolving credit 538,565 419,856 Term loan 442,500 450,000 Senior Notes 1,046,000 650,000 Convertible Notes — 345,000 2,926,215 2,505,251 Less: Debt discount and issuance costs (11,945) (10,393) Total $ 2,914,270 $ 2,494,858 (1) Includes the North American revolving credit facility and an unsecured and uncommitted credit agreement with Banco de Occidente (the "Colombian revolving credit facility"). As of December 31, 2023, no amounts were outstanding under the Colombian revolving credit facility ($0.5 million was outstanding as of December 31, 2022). The following principal payments are due on the Company's borrowings as of December 31, 2023, for the years ending December 31, (amounts in thousands): 2024 $ 12,500 2025 308,000 2026 1,319,150 2027 538,565 2028 398,000 Thereafter 350,000 Total $ 2,926,215 During the year ended December 31, 2023 , the Company repurchased a total of $4.0 million in aggregate principal amount of the Senior Notes (as defined below). The Company determined that it was in compliance with the covenants of its financing arrangements as of December 31, 2023. North American Revolving Credit and Term Loan The Company has a credit agreement with Bank of America, N.A., as administrative agent, Bank of America, National Association, acting through its Canada branch, as the Canadian Administrative Agent, and a syndicate of lenders named therein (the "North American Credit Agreement"). The total credit facility under the North American Credit Agreement includes an aggregate principal amount of $1.5 billion (subject to compliance with a borrowing base and applicable debt covenants), which consists of (i) a fully-funded $442.5 million term loan, (ii) a $1.0 billion domestic revolving credit facility, and (iii) a $75.0 million Canadian revolving credit facility. The facility includes an accordion feature for up to $500.0 million in additional commitments (at the option of the lenders) and also provides for up to $25.0 million of letters of credit and a $25.0 million swingline loan sub-limit that would reduce amounts available for borrowin g. With the official discontinuation of the London Interbank Offered Rate ("LIBOR") on June 30, 2023, the Company executed an amendment to the North American Credit Agreement to allow for previously outstanding LIBOR borrowings and subsequent borrowings to use the Secured Overnight Financing Rate ("SOFR"). The term and revolving loans accrue interest, at the option of the Company, at either the base rate, Canadian Dollar Offered Rate or SOFR for the applicable term. SOFR borrowings carry an additional 0.10% credit adjustment spread, while all borrowings incur an additional facility margin of 2.25%, or 2.00% if the consolidated senior secured leverage ratio is less than or equal to 1.60 to 1.0. The revolving loa ns within the credit facilities are subject to a 0% floor. The revolving credit facilities also bear an unused line fee of 0.35% per annum, or 0.30% if the consolidated senior secured leverage ratio is less than or equal to 1.60 to 1.0, payable quarterly in arrears. The North American Credit Agreement matures on July 30, 2026. As of December 31, 2023, total availability under the North American Credit Agreement was $678.7 million, which was comprised of $107.6 million based on current ERC, and $571.1 million additional availability subject to debt covenants, including advance rates. Borrowings under the North American Credit Agreement are guaranteed by the Company's U.S. and Canadian subsidiaries (provided that the Canadian subsidiaries only guarantee borrowings under the Canadian revolving credit facility) and are secured by a first priority lien on substantially all of the Company's assets. The North American Credit Agreement contains events of default and restrictive covenants, including the following: • the ERC borrowing base is 35% for all eligible Core asset pools and 55% for all Insolvency eligible asset pools; • the Company's consolidated total leverage ratio cannot exceed 3.50 to 1.0 as of the end of any fiscal quarter; • the Company's consolidated senior secured leverage ratio cannot exceed 2.25 to 1.0 as of the end of any fiscal quarter; • subject to no default or event of default, cash dividends and distributions during any fiscal year cannot exceed $20.0 million; and • the Company must maintain positive consolidated income from operations during any fiscal quarter (other than for the quarter ended March 31, 2023). The outstanding balances and weighted average interest rates by type of borrowing under the credit facility as of December 31, 2023 and 2022, were as follows (dollar amounts in thousands): 2023 2022 Amount Outstanding Weighted Average Interest Rate Amount Outstanding Weighted Average Interest Rate Term loan $ 442,500 7.67 % $ 450,000 6.38 % Revolving credit facilities 396,303 7.67 186,365 6.33 United Kingdom ("UK") Revolving Credit Facility PRA Group Europe Holding I S.a r.l ("PRA Group Europe"), a wholly owned subsidiary of the Company, along with PRA Group UK Limited ("PRA UK") and the Company, as guarantors, are parties to a credit agreement (the "UK Credit Agreement") with the lenders party thereto and MUFG Bank, Ltd., London Branch, as the administrative agent (the "Administrative Agent"). The UK Credit Agreement consists of an $800.0 million revolving credit facility (subject to a borrowing base), and an accordion feature for up to $200.0 million in additional commitments, subject to certain conditions. Borrowings, which are available in U.S. dollars, euro and pounds sterling, accrue interest for the applicable term at SOFR, Sterling Overnight Index Average ("SONIA") or, in the case of euro borrowings, the Euro Interbank Offered Rate ("Euribor") plus an applicable margin of 2.75% per annum or, if the consolidated senior secured leverage ratio is less than or equal to 1.60 to 1.0, an applicable margin of 2.50% per annum. SOFR and SONIA borrowings carry an additional 0.10% credit adjustment spread, while Euribor borrowings carry no additional spread. The UK Credit Agreement also has a commitment fee of 0.30% per annum, payable quarterly in arrears. If the consolidated senior secured leverage ratio is greater than 1.60 to 1.0, the commitment fee increases to 0.35% per annum. The UK Credit Agreement matures on July 30, 2026. As of December 31, 2023, total availability under the UK Credit Agreement was $297.2 million, which was comprised of $59.9 million based on current ERC, and $237.3 million additional availability subject to debt covenants, including advance rates. The UK Credit Agreement is secured by substantially all of the assets of PRA UK, all of the equity interests in PRA UK and certain equity interests of PRA Group Europe, certain bank accounts of PRA Group Europe and certain intercompany loans extended by PRA Group Europe to PRA UK. The UK Credit Agreement contains events of default and restrictive covenants, including the following: • the borrowing base equals the sum of up to: (i) 35% of the ERC of PRA UK’s eligible asset pools; plus (ii) 55% of PRA UK’s Insolvency eligible asset pools; minus (iii) certain reserves to be established by the Administrative Agent; • the Company's consolidated leverage ratio cannot exceed 3.50 to 1.0 as of the end of any fiscal quarter; • the Company's consolidated senior secured leverage ratio cannot exceed 2.25 to 1.0 as of the end of any fiscal quarter; and • the Company must maintain positive consolidated income from operations during any fiscal quarter (other than for the quarter ended March 31, 2023). The outstanding balance and weighted average interest rate by type of borrowing under the UK Credit Agreement as of December 31, 2023 and 2022, respectively, were as follows (dollar amounts in thousands): 2023 2022 Amount Outstanding Weighted Average Interest Rate Amount Outstanding Weighted Average Interest Rate Revolving credit facility $ 502,847 7.80 % $ 453,528 5.54 % European Revolving Credit Facility The Company's wholly-owned subsidiary, PRA Group Europe Holding S.a r.l. ("PRA Group Europe Holding"), and its Swiss Branch, PRA Group Europe Holding S.a r.l. ("PRA Group Holding"), Luxembourg, Zug Branch (together, the "Borrowers"), along with certain of its affiliates and the Company, as guarantors, are parties to a credit agreement (the "European Credit Agreement") with the lenders party thereto and DNB Bank ASA as facility agent and security agent (the "Agent"). The European Credit Agreement provides revolving borrowings for an aggregate amount of approximately €730.0 million (subject to the borrowing base) and an uncommitted accordion feature for up to €500.0 million, subject to certain conditions. Borrowings, which are available in euro, Norwegian krone, Danish krone, Swedish krona and Polish zloty, accrue interest at the Interbank Offered Rate plus 2.80% - 3.80% (as determined by the estimated remaining collections ratio ("ERC Ratio") as defined in the European Credit Agreement), bear an unused line fee, currently 1.120% per annum, or 35% of the margin, are subject to a 0% floor, are payable monthly in arrears and mature November 23, 2027. Additionally, the Company has a separate agreement with the Agent for an overdraft facility in the aggregate amount of $40.0 million (subject to the borrowing base), which accrues interest (per currency) at the daily rates as published by the Agent, bears a facility line fee of 0.125% per quarter, payable quarterly in arrears. The European Credit Agreement matures on November 23, 2027. As of December 31, 2023, total availability under the European Credit Agreement (including the overdraft facility) was $307.1 million, which was comprised of $176.9 million based on current ERC, and $130.2 million additional availability subject to debt covenants, including advance rates. The European Credit Agreemen t is secured by a first perfected security interest in all of the equity interests in certain operating subsidiaries of the Borrowers, certain intercompany loans and certain shareholder loans extended by the Company to the Borrowers. Further, the Company guarantees all obligations and liabilities under the European Credit Agreement. The European Credit Agreement contains event of default and restrictive covenants including the following: • the Borrowers' ERC Ratio cannot exceed 45%; • the Company's consolidated total leverage ratio cannot exceed 3.50 to 1.0 as of the end of any fiscal quarter; • the Company's consolidated senior secured leverage ratio cannot exceed 2.25 to 1.0 as of the end of any fiscal quarter; • the Company must maintain positive consolidated income from operations at the end of any fiscal quarter (other than for the quarter ended March 31, 2023); • interest bearing deposits in AK Nordic AB cannot exceed SEK1.2 billion; and • the Borrowers' cash collections must meet certain thresholds, measured on a quarterly basis. The outstanding balances and weighted average interest rates by type of borrowing under the European Credit Agreement and the prior facility credit agreement as of December 31, 2023 and 2022, respectively, were as follows (dollar amounts in thousands): 2023 2022 Amount Outstanding Weighted Average Interest Rate Amount Outstanding Weighted Average Interest Rate Revolving credit facilities $ 538,565 8.05 % $ 419,856 5.94 % Senior Notes due 2029 On September 22, 2021, the Company completed the private offering of $350.0 million in aggregate principal amount of its 5.00% Senior Notes due October 1, 2029 (the "2029 Notes"). The 2029 Notes were issued pursuant to an Indenture dated September 22, 2021 (the "2021 Indenture"), between the Company and Regions Bank, as trustee. The 2021 Indenture contains customary terms and covenants, including certain events of default after which the 2029 Notes may be due and payable immediately. The 2029 Notes are senior unsecured obligations of the Company and are guaranteed on a senior unsecured basis by all of the Company's existing and future domestic restricted subsidiaries that guarantee the North American Credit Agreement, subject to certain exceptions. Interest on the 2029 Notes is payable semi-annually, in arrears, on October 1 and April 1 of each year. On or before October 1, 2024, the Company may redeem up to 40% of the aggregate principal amount of the 2029 Notes at a redemption price of 105.00% plus accrued and unpaid interest with the net cash proceeds of a public offering of common stock of the Company provided, that at least 60% in aggregate principal amount of the 2029 Notes remains outstanding immediately after the occurrence of such redemption and that such redemption will occur within 90 days of the date of the closing of such public offering. In ad dition, on or after October 1, 2024, the 2029 Notes may be redeemed, at the Company's option, in whole or in part at a price equal to 102.50% of the aggregate principal amount of the 2029 Notes being redeemed. The applicable redemption price changes if redeemed during the 12 months beginning October 1 of each year to 101.25% for 2025 and then 100% for 2026 and thereafter. In the event of a change of control, each holder will have the right to require the Company to repurchase all or any part of such holder's 2029 Notes at an offer price equal to 101% of the aggregate principal amount plus accrued and unpaid interest. If the Company sells assets under certain circumstances and does not use the proceeds for specified purposes, the Company will be required to make an offer to repurchase the 2029 Notes at 100% of their principal amount plus accrued and unpaid interest. Senior Notes due 2028 On February 6, 2023, the Company completed the private offering of $400.0 million in aggregate principal amount of its 8.375% Senior Notes due 2028 ("2028 Notes"). The 2028 Notes were issued pursuant to an Indenture dated February 6, 2023 (the "2023 Indenture"), between the Company and Regions Bank, as trustee. The 2023 Indenture contains customary terms and covenants, including certain events of default after which the 2028 Notes may be due and payable immediately. The 2028 Notes are senior unsecured obligations of the Company and are guaranteed on a senior unsecured basis by all of the Company's e xisting and future domestic restricted subsidiaries that guarantee the North American Credit Agreement, subject to certain exceptions. Interest on the 2028 Notes is payable semi-annually, in arrears, on February 1 and August 1 of each year. Substantially all of the net proceeds received from the 2028 Notes were used to retire the 2023 Notes (as defined below). The Company used the remainder of the net proceeds to repay a portion of its outstanding borrowings under the domestic revolving credit facility under the North America Credit Agreement. On or before February 1, 2025, the Company may redeem up to an aggregate of 40% of the aggregate principal amount of the 2028 Notes at a redemption price of 108.375% plus accrued and unpaid interest with the net cash proceeds of a public offering of common stock of the Company, provided that at least 60% in aggregate principal amount of the 2028 Notes remains outstanding immediately after the occurrence of such redemption and that such redemption will occur within 90 days of the date of the closing of such public offering. In addition, on or after February 1, 2025, t he 2028 Notes may be redeemed at the Company's option in whole or in part at a price equal to 104.188% of the aggregate principal amount of the 2028 Notes being redeemed. The applicable redemption price changes if redeemed during the 12 months beginning February 1 of each year to 102.094% for 2026 and then 100% for 2027 and thereafter. In the event of a change of control, each holder will have the right to require the Company to repurchase all or any part of such holder's 2028 Notes at an offer price equal to 101% of the aggregate principal amount plus accrued and unpaid interest. If the Company sells assets under certain circumstances and does not use the proceeds for specified purposes, the Company will be required to make an offer to repurchase the 2028 Notes at 100% of their principal amount plus accrued and unpaid interest. During the year ended December 31, 2023 , the Company repurchased $2.0 million in aggregate principal amount of the 2028 Notes. Senior Notes due 2025 On August 27, 2020, the Company completed the private offering of $300.0 million in aggregate principal amount of its 7.375% Senior Notes due September 1, 2025 (the "2025 Notes" and, together with the 2029 Notes and the 2028 Notes, the "Senior Notes"). The 2025 Notes were issued pursuant to an Indenture dated August 27, 2020 (the "2020 Indenture"), between the Company and Regions Bank, as trustee. The 2020 Indenture contains customary terms and covenants, including certain events of default after which the 2025 Notes may be due and payable immediately. The 2025 Notes are senior unsecured obligations of the Company and are guaranteed on a senior unsecured basis by all of the Company's existing and future domestic restricted subsidiaries that guarantee the North American Credit Agreement, subject to certain exceptions. Interest on the 2025 Notes is payable semi-annually, in arrears, on March 1 and September 1 of each year. The 2025 Notes may be redeemed, at the Company's option, in whole or in part, at a price equal to 101.844% of the aggregate principal amount of the 2025 Notes being redeemed. The applicable redemption price changes to 100% if redeemed during the 12 months beginning September 1, 2024. In the event of a change of control, each holder will have the right to require the Company to repurchase all or any part of such holder's 2025 Notes at a price equal to 101% of their aggregate principal amount, plus accrued and unpaid interest. If the Company sells assets under certain circumstances and does not use the proceeds for specified purposes, the Company will be required to make an offer to repurchase the 2025 Notes at 100% of their principal amount plus accrued and unpaid interest. During the year ended December 31, 2023 , the Company repurchased $2.0 million in aggregate principal amount of the 2025 Notes. Convertible Senior Notes due 2023 The Company used substantially all of the net proceeds from the issuance of the 2028 Notes to retire the $345.0 million aggregate principal amount of its 3.50% Convertible Senior Notes at their maturity on June 1, 2023 (the "2023 Notes" or the "Convertible Notes"). Interest expense on the 2023 Notes was recognized using an effective interest rate of 4.00%, and for the years ended December 31, 2023, 2022 and 2021, was as follows (amounts in thousands): 2023 2022 2021 Interest expense - stated coupon rate $ 5,032 $ 12,075 $ 12,075 Interest expense - amortization of debt issuance costs 748 1,727 1,660 Total interest expense - Convertible Notes $ 5,780 $ 13,802 $ 13,735 Interest Expense, net The Company incurs interest expense on its borrowings, interest-bearing deposits, and interest rate derivatives. The Company earns interest income on certain of its cash and cash equivalents, restricted cash and its interest rate derivatives. Interest expense, net was as follows for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands): 2023 2022 2021 Interest expense $ 194,667 $ 132,905 $ 125,231 Interest income (12,943) (2,228) (1,088) Interest expense, net $ 181,724 $ 130,677 $ 124,143

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment, Net [Abstract]
Property and Equipment, net	Property and Equipment, net: Property and equipment, net consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Software $ 70,924 $ 71,775 Computer equipment 21,771 24,685 Furniture and fixtures 16,814 17,751 Equipment 12,649 15,819 Leasehold improvements 18,711 22,486 Building and improvements 19,637 19,931 Land 1,407 1,407 Accumulated depreciation and impairment (126,452) (123,141) Assets in process 989 932 Property and equipment, net $ 36,450 $ 51,645 Depreciation expense related to property and equipment for the years ended December 31, 2023, 2022 and 2021 was $13.1 million , $14.9 million and $15.1 million, respectively. During the year ended December 31, 2023, the Company recorded an im

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value	Fair Value: As defined by ASC Topic 820, "Fair Value Measurement and Disclosures" ("ASC 820"), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 requires the consideration of different input levels in the determination of fair value, as follows: • Level 1: Quoted prices in active markets for identical assets and liabilities. • Level 2: Observable inputs other than Level 1 quoted prices, such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. • Level 3: Unobservable inputs that are supported by little or no market activity. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Financial Instruments Not Carried at Fair Value In accordance with the disclosure requirements of ASC Topic 825, "Financial Instruments" ("ASC 825"), the table below summarizes fair value estimates of the Company's financial instruments that are not carried at fair value. The total of the fair values presented does not represent, and should not be construed to represent, the underlying value of the Company. The carrying amounts in the table below reflect the amounts recorded in the Company's Consolidated Balance Sheets as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents $ 112,528 $ 112,528 $ 83,376 $ 83,376 Finance receivables, net 3,656,598 $ 3,167,798 3,295,008 3,167,813 Financial liabilities: Interest-bearing deposits 115,589 115,589 112,992 112,992 Revolving lines of credit 1,437,715 1,437,715 1,060,251 1,060,251 Term loan 442,500 442,500 450,000 450,000 Senior Notes 1,046,000 964,907 650,000 580,433 Convertible notes — — 345,000 341,926 Disclosure of the estimated fair values of financial instruments often requires the use of estimates. The carrying amount and estimates of the fair value of the Company's debt obligations do not include any related debt issuance costs associated with the debt obligations. The Company uses the following methods and assumptions to estimate the fair value of financial instruments: Cash equivalents: The carrying amount approximates fair value due to the short-term nature of the instruments and the observable quoted prices for identical assets in active markets. Accordingly, the Company uses Level 1 inputs for its fair value estimates. Finance receivables, net: The Company estimates the fair value of these receivables using proprietary pricing models that the Company utilizes to make portfolio acquisition decisions. Accordingly, the Company's fair value estimates use Level 3 inputs as there is little observable market data available and management is required to use significant judgment in its estimates. Interest-bearing deposits: The carrying amount approximates fair value due to the short-term nature of the deposits and the observable quoted prices for similar instruments in active markets. Accordingly, the Company uses Level 2 inputs for its fair value estimates. Revolving lines of credit: The carrying amount approximates fair value due to the short-term nature of the interest rate periods and the observable quoted prices for similar instruments in active markets. Accordingly, the Company uses Level 2 inputs for its fair value estimates. Term loan: The carrying amount approximates fair value due to the short-term nature of the interest rate periods and the observable quoted prices for similar instruments in active markets. Accordingly, the Company uses Level 2 inputs for its fair value estimates. Senior Notes and Convertible Notes: The fair value estimates for the Senior Notes and Convertible Notes incorporate quoted market prices obtained from secondary market broker quotes, which were derived from a variety of inputs including client orders, information from their pricing vendors, modeling software, and actual trading prices when they occur. Accordingly, the Company uses Level 2 inputs for its fair value estimates. Financial Instruments Carried At Fair Value Carrying amounts shown in the following tables were measured at fair value on a recurring basis in the Company's Consolidated Balance Sheets as of December 31, 2023 and 2022 (amounts in thousands): Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Government securities $ 59,470 $ — $ — $ 59,470 Derivative contracts (recorded in Other assets) — 22,777 — 22,777 Liabilities: Derivative contracts (recorded in Other liabilities) — 20,403 — 20,403 Fair Value Measurements as of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Government securities $ 66,813 $ — $ — $ 66,813 Derivative contracts (recorded in Other assets) — 37,792 — 37,792 Liabilities: Derivative contracts (recorded in Other liabilities) — 19,120 — 19,120 Government securities: Fair value of the Company's investment in government instruments is estimated using quoted market prices. Accordingly, the Company uses Level 1 inputs. Derivative contracts: Fair value of derivative contracts is estimated using industry standard valuation models. These models project future cash flows and discount the future amounts to a present value using market-based observable inputs, including interest rate curves and other factors. Accordingly, the Company uses Level 2 inputs for its fair value estimates. Investments Measured Using Net Asset Value ("NAV") Private equity funds: This class of investments consists of private equity funds that invest primarily in loans and securities, including single-family residential debt; corporate debt products; and financially-oriented, real-estate-rich and other operating companies in the Americas, Western Europe and Japan. The fair value of these private equity funds, following the application of the NAV practical expedient, was $2.5 million a nd $4.4 million as of December 31, 2023 and 2022 , respectively. Impairment of Real Estate During the year ended December 31, 2023

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives: The following table summarizes the fair value of derivative financial instruments as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments: Interest rate contracts Other assets $ 21,770 Other assets $ 37,305 Interest rate contracts Other liabilities 11,627 Other liabilities — Derivatives not designated as hedging instruments: Foreign currency contracts Other assets 1,007 Other assets 487 Foreign currency contracts Other liabilities 8,776 Other liabilities 19,120 Derivatives Designated as Hedging Instruments: Changes in the fair value of derivative contracts designated as cash flow hedging instruments are recognized in OCI. As of December 31, 2023 and 2022 , the notional amount of interest rate contracts designated as cash flow hedging instruments was $872.3 million and $719.7 million, respectively. Derivatives designated as cash flow hedging instruments were evaluated and remained highly effective as of December 31, 2023, and have remaining terms from one month to five years. The Company estimates that approximate ly $13.2 million of net derivative gains inclu ded in OCI will be reclassified into earnings within the next 12 months. The following tables summarize the effects of derivatives designated as cash flow hedging instruments for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands): Gain/(loss) recognized in OCI, net of tax Derivatives designated as cash flow hedging instruments 2023 2022 2021 Interest rate contracts $ 468 $ 32,650 $ 17,961 Gain/(loss) reclassified from OCI into income Location of gain/(loss) reclassified from OCI into income 2023 2022 2021 Interest expense, net $ 23,158 $ (976) $ (12,722) As of December 31, 2023, with the discontinuation of LIBOR on June 30, 2023, and transition of the Company's interest rate swaps from LIBOR to SOFR, the Company has discontinued all prior elections under ASU 2021-01, "Reference Rate Reform (Topic 848): Overall"; and ASU 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848". Derivatives Not Designated as Hedging Instruments: The Company enters into foreign currency contracts to economically hedge foreign currency re-measurement exposure related to certain balances denominated in currencies other than the functional currency of the Company or its international subsidiaries. Changes in fair value of derivative contracts not designated as hedging instruments are recognized in earnings. As of December 31, 2023 and 2022 , the notional amount of foreign currency contracts was $368.5 million a nd $460.8 million, respectively. The following table summarizes the effects of derivatives not designated as hedging instruments in the Company’s Consolidated Income Statements for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands): Gain/(loss) recognized in income Derivatives not designated as hedging instruments Location of gain/(loss) recognized in income 2023 2022 2021 Foreign currency contracts Foreign exchange gain/(loss), net $ (10,330) $ 38,808 $ 12,160 Foreign currency contracts Interest expense, net 1,603 (364) 406

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss: Reclassifications out of Accumulated other comprehensive loss for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): Gains/(losses) on cash flow hedges 2023 2022 Location in the Consolidated Income Statement Interest rate swaps $ 23,158 $ (976) Interest expense, net Income tax effect of item above (1) (1,483) 451 Income tax expense/(benefit) Total gains/(losses) on cash flow hedges $ 21,675 $ (525) (1) Income tax effects are released from Accumulated other comprehensive loss contemporaneously with the related gross pretax amount. Changes in Accumulated other comprehensive loss by component, after tax, for the years ended December 31, 2023, 2022 and 2021 were as follows (amounts in thousands): Debt Securities Available for Sale Cash Flow Hedges Currency Translation Adjustment Accumulated Other Comprehensive Loss 1 Balance as of December 31, 2020 $ 127 $ (33,349) $ (212,569) $ (245,791) Other comprehensive gain/(loss) before reclassifications (348) 17,961 (48,748) (31,135) Reclassifications, net — 10,017 — 10,017 Net current period other comprehensive gain/(loss) (348) 27,978 (48,748) (21,118) Balance as of December 31, 2021 $ (221) $ (5,371) $ (261,317) $ (266,909) Other comprehensive gain/(loss) before reclassifications (16) 32,650 (114,176) (81,542) Reclassifications, net — 525 — 525 Net current period other comprehensive gain/(loss) (16) 33,175 (114,176) (81,017) Balance as of December 31, 2022 $ (237) $ 27,804 $ (375,493) $ (347,926) Other comprehensive gain before reclassifications 302 468 38,932 39,702 Reclassifications, net — (21,675) — (21,675) Net current period other comprehensive gain/(loss) 302 (21,207) 38,932 18,027 Balance as of December 31, 2023 $ 65 $ 6,597 $ (336,561) $ (329,899) (1) Net of deferred taxes for unrealized gains from cash flow hedges of $(2.2) million , $(9.2) million and $(3.1) million for the years ended December 31, 2023, 2022 and 2021 , respectively.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	Share-Based Compensation: The Company has a stockholder approved Omnibus Incentive Plan (the "Plan") that is intended to assist the Company in attracting and retaining selected individuals to serve as employees and directors who are expected to contribute to the Company's success and achievement of long-term objectives that will benefit the Company's stockholders. The Plan enables the Company to award shares of the Company's common stock to select employees and directors. As of December 31, 2023, th ere were approximately 3.8 million shares available to be awarded under the Plan. Total share-based compensation expense was $11.1 million, $13.0 million and $15.9 million for the years ended December 31, 2023, 2022 and 2021 , respectively. The Company recognizes all excess tax benefits and tax deficiencies in the income statement when the awards vest or are settled . The total tax benefit/(deficiency) realized from share-based compensation was $(1.6) million , $6.0 million and $3.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Nonvested Shares As of December 31, 2023 , total future compensation expense related to nonvested share grants to individual employee plans and directors (not including nonvested shares granted under the Long-Term Incentive ("LTI") program discussed below), is estimated to be $11.3 million, with a weighted average remaining lif e of 1.4 years . F or most of these grants, the Company assumed a 5.0% forfeiture rate, ratable vesting over one The following table summarizes nonvested share activity, excluding those issued pursuant to the LTI program, from December 31, 2020 through December 31, 2023 (amounts in thousands, except per share amounts): Nonvested Shares Outstanding Weighted-Average Price at Grant Date Balance as of December 31, 2020 555 $ 34.23 Granted 312 38.14 Vested (320) 33.80 Forfeited (37) 36.06 Balance as of December 31, 2021 510 36.76 Granted 351 41.64 Vested (269) 35.41 Forfeited (36) 40.85 Balance as of December 31, 2022 556 40.23 Granted 482 32.90 Vested (278) 40.14 Forfeited (208) 41.08 Balance as of December 31, 2023 552 $ 33.55 The total grant date fair value of shares vested during the years ended December 31, 2023, 2022 and 2021, excluding those granted under the LTI program, was $11.2 million , 9.5 million and $10.8 million, respectively. Long-Term Incentive Program Pursuant to the Plan, the Compensation Committee may grant time-vested and performance-based share awards. All shares granted under the LTI program were granted to key employees of the Company. The following table summarizes LTI share activity from December 31, 2020 through December 31, 2023 (amounts in thousands, except per share amounts): Nonvested LTI Shares Outstanding Weighted-Average Price at Grant Date Balance as of December 31, 2020 392 $ 34.30 Granted at target level 148 37.45 Adjustments for actual performance (10) 39.40 Vested (99) 39.40 Forfeited (24) 35.31 Balance as of December 31, 2021 407 34.01 Granted at target level 127 44.90 Adjustments for actual performance 64 28.28 Vested (222) 28.28 Forfeited (21) 40.45 Balance as of December 31, 2022 355 40.07 Granted at target level 130 52.55 Adjustments for actual performance 17 39.04 Vested (153) 39.47 Forfeited (191) 46.58 Balance as of December 31, 2023 158 $ 42.94 The total grant date fair value of LTI shares vested during the years ended December 31, 2023, 2022 and 2021, was $6.0 million , $6.3 million and $3.9 million, respectively. As of December 31, 2023 , total future compensation expense related to nonvested shares granted under the LTI program, assuming the current estimated performance levels are achieved, is estimated to be $1.7 million . The Company assumed a 5.0% forfeiture rate for these grants, and the remaining shares have a weighted average remaining life of 1 year as of December 31, 2023 .

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share: The following table provides a reconciliation between the computation of basic EPS and diluted EPS for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands, except per share amounts): 2023 2022 2021 Net Loss Attributable to PRA Group, Inc. Weighted Average Common Shares EPS Net Income Attributable to PRA Group, Inc. Weighted Average Common Shares EPS Net Income Attributable to PRA Group, Inc. Weighted Average Common Shares EPS Basic EPS $ (83,477) 39,177 $ (2.13) $ 117,147 39,638 $ 2.96 $ 183,158 44,960 $ 4.07 Dilutive effect of nonvested share awards — — — — 250 (0.02) — 370 (0.03) Diluted EPS $ (83,477) 39,177 $ (2.13) $ 117,147 39,888 $ 2.94 $ 183,158 45,330 $ 4.04 On February 25, 2022, the Company's Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to $150.0 million of its common stock. As of December 31, 2023, the Company had $67.7 million remaining for share repurchases under the program, which is subject to restrictive covenants contained in the credit facilities and indentures that govern the Senior Notes. There were no repurchases during 2023. There were no options outstanding, antidilutive or otherwise, as of December 31, 2023, 2022 and 2021 .

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes: Income tax expense/(benefit) for the years ended December 31, 2023, 2022 and 2021 was comprised of the following (amounts in thousands): Federal State International Total For the year ended December 31, 2023: Current tax expense $ 160 $ 1,697 $ 17,953 $ 19,810 Deferred tax benefit (25,921) (7,956) (2,066) (35,943) Total income tax expense/(benefit) $ (25,761) $ (6,259) $ 15,887 $ (16,133) For the year ended December 31, 2022: Current tax expense $ 8,797 $ 385 $ 26,998 $ 36,180 Deferred tax expense/(benefit) (2,848) (386) 3,841 607 Total income tax expense/(benefit) $ 5,949 $ (1) $ 30,839 $ 36,787 For the year ended December 31, 2021: Current tax expense $ 30,659 $ 5,397 $ 11,958 $ 48,014 Deferred tax expense/(benefit) (3,056) (323) 10,182 6,803 Total income tax expense $ 27,603 $ 5,074 $ 22,140 $ 54,817 A reconciliation of the Company's expected tax expense/(benefit) at the U.S. statutory federal tax rate to actual tax expense/(benefit) for the years ended December 31, 2023, 2022 and 2021, was as follows (amounts in thousands): 2023 2022 2021 Income tax expense/(benefit) at the statutory federal rate $ (17,406) $ 32,505 $ 52,568 State tax expense/(benefit), net of federal tax benefit (4,886) (18) 4,303 Tax impact on international earnings, excluding uncertain tax positions 2,058 1,175 (4,449) Nondeductible legal settlement expenses 3,017 — — Nondeductible compensation 117 3,025 2,212 Other 967 100 183 Total income tax expense/(benefit) $ (16,133) $ 36,787 $ 54,817 Effective tax rate 19.5 % 23.8 % 21.9 % As of December 31, 2023 and 2022, the components of deferred tax assets and liabilities were as follows (amounts in thousands): 2023 2022 Deferred tax assets: Employee compensation $ 6,044 $ 5,177 Net operating loss carryforward 159,699 126,549 Interest 11,959 11,042 Lease liability 8,615 10,667 Other 2,561 — Valuation allowance (70,245) (68,929) Total deferred tax asset 118,633 84,506 Deferred tax liabilities: Property and equipment (1,716) (4,178) Intangible assets and goodwill (6,053) (5,118) ROU asset (7,775) (9,731) Finance receivable revenue recognition - international (31,538) (12,074) Finance receivable revenue recognition - domestic (6,197) (27,181) Other (7,711) (12,234) Total deferred tax liability (60,990) (70,516) Net deferred tax asset $ 57,643 $ 13,990 As of December 31, 2023 and 2022, the valuation allowance related mainly to net operating losses, capital losses and deferred interest expense in Norway and Luxembourg. The Company believes it is more likely than not that the results of future operations will generate sufficient taxable income to realize the remaining net deferred tax asset. As of December 31, 2023, the Company had deferred tax assets related to federal, state and foreign net operating loss carryforwards of $159.7 million, and as of the same date, there were $58.0 million of valuation allowances recorded against those deferred tax assets. The federal net operating loss carryforward has an indefinite carryforward period, while the state and foreign net operating losses generally have a five As of December 31, 2023, the cumulative unremitted earnings of the Company's international subsidiaries were approximate ly $217.3 million . The Company intends for predominantly all international earnings to be indefinitely reinvested in its international operations; therefore, recording deferred tax liabilities for such unremitted earnings is not required. If international earnings were repatriated or deemed repatriated due to intercompany loans, the Company may need to accrue and pay taxes, although foreign tax credits and exemptions may be available to partially reduce or eliminate income and withholding taxes. Any deemed repatriations from intercompany loans would be expected to have little or no tax impact. It is impracticable to determine the total amount of unrecognized deferred taxes with respect to these indefinitely reinvested earnings. Uncertain Tax Positions Aggregate changes in the balance of gross unrecognized tax benefits for the years ended December 31, 2023, 2022 and 2021 were as follows (amounts in thousands): 2023 2022 2021 Balance as of the beginning of year $ 101,703 $ 114,294 $ 110,425 Increase (decrease) related to tax positions taken during a prior year (1) 4,001 (12,591) 3,869 Balance as of the end of year $ 105,704 $ 101,703 $ 114,294 (1) Relates to international transactions and are primarily due to foreign exchange rate fluctuations. As of December 31, 2023 and 2022, t he total amount of after-tax unrecognized tax benefits that, if recognized, would affect the effective tax rate, was $20.5 million and $19.7 million, respectively. As of December 31, 2023 and 2022 , the Company had accrued for potential interest and penalties related to unrecognized tax benefits in the amounts of $3.9 million and $3.0 million, respectively. During the next 12 months, it is possible that international tax reserves will be reduced for audit settlements, however, the Company is unable to predict the outcome of those audits. As of December 31, 2023 , the tax years subject to examination by the major federal, state and international taxing jurisdictions are 2014 and subsequent years.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies: Forward Flow Agreements: The Company enters into forward flow agreements for the purchase of nonperforming loans. These agreements typically have terms ranging from three to 12 months and establish purchase prices and specific criteria for the accounts to be purchased. Some of the agreements establish a volume reference for the contract term in the form of a target or maximum, however, very few agreements establish a minimum contractual obligation, and many of the contracts contain early termination provisions allowing either party to cancel the agreements in accordance with a specified notice period. The amounts purchased are also dependent on actual delivery by the sellers, and while purchases under these agreements comprise a significant portion of the Company's overall purchases, as of December 31, 2023, the minimum purchase obligation under these forward flow agreements was not significant. Litigation and Regulatory Matters: The Company and its subsidiaries are from time to time subject to a variety of legal and regulatory claims, inquiries and proceedings and regulatory matters, most of which are incidental to the ordinary course of its business. The Company initiates lawsuits against customers and is occasionally countersued by them in such actions. Also, customers, either individually, as members of a class action, or through a governmental entity on behalf of customers, may initiate litigation against the Company in which they allege that the Company has violated a law in the process of collecting on an account. From time to time, other types of lawsuits are brought against the Company. Additionally, the Company receives subpoenas and other requests or demands for information from regulators or governmental authorities who are investigating the Company's debt collection activities. The Company accrues for potential liability arising from legal proceedings and regulatory matters when it is probable that such liability has been incurred and the amount of the loss can be reasonably estimated. This determination is based upon currently available information for those proceedings in which the Company is involved, taking into account the Company's best estimate of such losses for those cases for which such estimates can be made. The Company's estimate involves significant judgment, given the varying stages of the proceedings (including the fact that many of them are currently in preliminary stages), the number of unresolved issues in many of the proceedings (including issues regarding class certification and the scope of many of the claims), and the related uncertainty of the potential outcomes of these proceedings. In making determinations of the likely outcome of pending litigation, the Company considers many factors, including, but not limited to, the nature of the claim, the Company's experience with similar types of claims, the jurisdiction in which the matter is filed, input from outside legal counsel, the likelihood of resolving the matter through alternative mechanisms, the matter's current status and the damages sought or demands made. Accordingly, the Company's estimate will change from time to time, and actual losses could exceed the current estimate. The Company believes that the estimate of the aggregate range of reasonably possible losses in excess of the amount accrued for its legal proceedings outstanding at December 31, 2023 , where the range of loss can be estimated, was not material. In certain legal proceedings, the Company may have recourse to insurance or third-party contractual indemnities to cover all or portions of its litigation expenses, judgments, or settlements. Loss estimates and accruals for potential liability related to legal proceedings are typically exclusive of potential recoveries, if any, under the Company's insurance policies or third-party indemnities. The matters described below fall outside of the normal parameters of the Company's routine legal proceedings. Consumer Financial Protection Bureau ("CFPB") Investigation Portfolio Recovery Associates, LLC ("LLC"), the Company's wholly owned subsidiary, entered into a consent order with the CFPB effective September 9, 2015, settling a previously disclosed investigation of certain debt collection practices of LLC (the "2015 Consent Order"). On March 23, 2023, the CFPB filed a lawsuit against LLC alleging, among other things, that LLC had violated the 2015 Consent Order, along with certain federal consumer financial laws. On the same date, the CFPB and LLC entered into a stipulated final judgment and order to resolve the lawsuit. As part of the settlement, LLC agreed to pay a civil monetary penalty of $12.0 million. Additionally, LLC agreed to make a minimum of $12.2 million in redress payments to impacted customers, with such amount transferred into a qualified settlement fund in 2023. As of December 31, 2023, the Company has accrued for the estimated remaining amount payable of $1.9 million. Multi-State Investigation On November 17, 2015, the Company received civil investigative demands from multiple state Attorneys General offices ("AGOs") broadly relating to its U.S. debt collection practices. The Company believes that it has fully cooperated with the investigations and discussed resolution of the investigations with the AGOs. In these discussions, the AGOs have taken positions with which the Company disagrees, including positions related to penalties, restitution and/or the adoption of new practices and controls in the conduct of the Company's business. The Company and the AGOs are in continued negotiations to resolve the matter, and the Company has accrued for the estimated loss on this matter. Although the Company has settled certain claims with one of the states, it is possible that one or more of the remaining individual state AGOs may file claims against the Company if the Company is unable to resolve its differences with them. Iris Pounds v. Portfolio Recovery Associates, LLC The plaintiff filed a putative class action on November 21, 2016, against the Company alleging violations of certain North Carolina statutes pertaining to debt collection practices. The Company executed a settlement agreement for this matter, which was pre-approved by the North Carolina General Court of Justice on January 12, 2024, and the Company has accrued for the estimated loss on this matter. Telephone Consumer Protection Act ("TCPA") Litigation On January 25, 2017, the Company resolved the matter of In Re Portfolio Recovery Associates, LLC Telephone Consumer Protection Act Litigation , which consisted of a number of class actions and single plaintiff claims consolidated by order of the Panel for Multi-District Litigation ("MDL"). While the settlement disposed of a large number of claims, several hundred class members opted out ("Opt-Out Plaintiffs") of that settlement. Many of these Opt-Out Plaintiffs had been consolidated before the MDL appointed court, which was the U.S. District Court for the Southern District of California. The Company's motion for Summary Judgement was granted on July 5, 2023. The MDL was closed on November 29, 2023, and the individual cases were remanded to their originating jurisdictions for dismissal of the TCPA claims and adjudication or resolution of any non-TCPA claims.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans: The Company sponsors defined contribution plans, primarily in the U.S. and Europe. The U.S. plan is organized as a 401(k) plan under which all employees over 18 years of age are eligible to make voluntary contributions to the plan up to 100% of their compensation, subject to IRS limitations, after completing six months of service, as defined in the plan. The Company makes matching contributions of up to 4% of an employee's salary. For the defined contribution plans in Europe, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. Total compensation expense related to the Company's contributio ns was $7.2 million , $7.2 million and $6.5 million for the years ended December 31, 2023, 2022 and 2021 , respectively.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ (83,477)	$ 117,147	$ 183,158

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

General and Summary of Signif_2

General and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation:
Reclassification of prior year presentation	Reclassification of prior year presentation : Certain prior year amounts have been reclassified for consistency with the current year presentation. Fee income is now included within Other revenue in the Consolidated Income Statements.
Consolidation	Consolidation: The Consolidated Financial Statements include the accounts of PRA Group and other entities in which the Company has a controlling interest. All significant intercompany accounts and transactions have been eliminated. Entities in which the Company has a controlling financial interest, through ownership of the majority of the entities’ voting equity interests, or through other contractual rights that give the Company control, consist of entities that purchase and collect on portfolios of nonperforming loans. Noncontrolling interests represent the portion of net income and equity attributable to third-party owners of consolidated subsidiaries that are not wholly-owned by the Company. These noncontrolling interests relate primarily to funds in Brazil that invest in nonperforming loan portfolios. Investments in companies in which the Company has significant influence over operating and financing decisions, but does not own a majority of the voting equity interests, are accounted for in accordance with the equity method of accounting, which requires the Company to recognize its proportionate share of the entity’s net earnings. The Company's equity method investment is included in Other assets, with income or loss included in Other revenue. The Company performs on-going reassessments whether changes in the facts and circumstances regarding the Company’s involvement with an entity could cause the Company’s consolidation conclusion to change.
Foreign currency	Foreign currency: Assets and liabilities have been translated into the reporting currency using the exchange rates in effect on the date of the Consolidated Balance Sheets. Equity accounts are translated at historical rates, except for the change in retained earnings during the year, which is the result of the income statement translation process. Revenue and expense accounts are translated using the weighted average exchange rate during the period. The cumulative translation adjustments associated with the net assets of international subsidiaries are recorded in Accumulated other comprehensive loss in the accompanying Consolidated Statements of Changes in Equity.
Segments	Segments: The Company has determined that it has two operating segments that meet the aggregation criteria of Accounting Standards Codification ("ASC") 280, Segment Reporting ("ASC 280"), and, therefore, it has one reportable segment. This conclusion is based on similarities among the operating segments, including economic characteristics, the nature of the products and services, the nature of the production processes, the types or classes of customers for their services, the methods used to distribute their services and the nature of the regulatory environment.
Cash and cash equivalents	Cash and cash equivalents: The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Restricted cash: Cash that is subject to legal restrictions or is unavailable for general operating purposes is classified as restricted cash and included in Other assets in the Company's Consolidated Balance Sheets.
Concentrations of credit risk	Concentrations of credit risk: Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, investments, derivative financial instruments and finance receivables.
Accumulated other comprehensive income/(loss)	Accumulated other comprehensive loss: The Company records unrealized gains and losses on certain available-for-sale investments and foreign currency translation adjustments in other comprehensive income ("OCI"). Unrealized gains and losses on available for sale investments are reclassified to earnings as the gains or losses are realized upon sale of the securities. Translation gains or losses on foreign currency translation adjustments are reclassified to earnings upon the substantial sale or liquidation of investments in international operations. For the Company’s derivative financial instruments that are designated as hedging instruments, the change in fair value is recorded in OCI.
Investments	Investments: Debt Securities: The Company determines the appropriate classification of its investments in debt securities at the time of purchase and reevaluates such determinations at each balance sheet date. Debt securities are classified as held-to-maturity when the Company has the positive intent and ability to hold the securities to maturity. Held-to-maturity securities are carried at amortized cost. Debt securities which the Company does not have the intent or ability to hold to maturity are classified as available-for-sale. Available-for-sale securities are carried at fair market value. Fair value is determined using quoted market prices. Unrealized gains and losses are included in comprehensive income and reported in stockholders' equity. The Company evaluates debt securities for impairment. When there has been a decline in fair value below the amortized cost, the Company recognizes an impairment if: (1) it has the intent to sell the security; (2) it is more likely than not that it will be required to sell the security before recovery of the amortized cost; or (3) it does not expect to recover the entire amortized cost of the security. If the Company identifies that the decline in fair value has resulted from credit losses, the credit loss component is recognized as an allowance in the Consolidated Balance Sheets with a corresponding charge to Other expense in the Consolidated Income Statements. The non-credit loss component remains in Other comprehensive loss until realized from a sale or subsequent impairment. Equity Securities: Investments in equity securities are measured at fair value with unrealized gains and losses reported in earnings. Equity Method Investments: Equity investments that are not consolidated, but over which the Company exercises significant influence, are accounted for as equity method investments. Whether or not the Company exercises significant influence with respect to an investee company depends on an evaluation of several factors including, among others, representation on the investee company’s board of directors and ownership level, which is generally a 20% to 50% interest in the voting securities of the investee company. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Consolidated Balance Sheets and Income Statements; rather, the Company’s share of the earnings or losses of the investee company is reflected in Other revenue in the Consolidated Income Statements. The Company’s carrying value in an equity method investee company is reflected in Investments in the Company’s Consolidated Balance Sheets. When the Company’s carrying value in an equity method investee company is reduced to zero, no further losses are recorded in the Company’s Consolidated Financial Statements unless the Company guaranteed obligations of the investee company or has committed additional funding. When the investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized.
Finance receivables and income recognition	Finance receivables and income recognition: The Company's financial assets (or a group of financial assets) are measured at amortized cost and presented at the net amount expected to be collected. Credit quality information : The Company acquires portfolios of accounts that have experienced deterioration of credit quality between origination and the Company's acquisition of the accounts. The amount paid for a portfolio reflects the Company's determination that it is probable the Company will be unable to collect all amounts due according to an account's contractual terms. The Company accounts for the portfolios in accordance with the guidance for purchased credit deteriorated ("PCD") assets. The initial allowance for credit losses is added to the purchase price rather than recorded as a credit loss expense. The Company has established a policy to write off the amortized cost of individual assets when it deems probable that it will not collect on an individual asset. Due to the deteriorated credit quality of the individual accounts, the Company may write off the unpaid principal balance of all accounts in a portfolio at the time of acquisition. However, when the Company has an expectation of collecting cash flows at the portfolio level, a negative allowance is established for expected recoveries at an amount not to exceed the amount paid for the financial portfolios. The negative allowance is recorded as an asset and presented as Finance receivables, net in the Company's Consolidated Balance Sheets. Portfolio segments : The Company develops systematic methodologies to determine its allowance for credit losses at the portfolio segment level. The Company’s nonperforming loan portfolio segments consist of two broad categories: Core and Insolvency. The Company’s Core portfolios contain loan accounts that are in default and that were purchased at a substantial discount to face value because either the credit originator and/or other third-party collection agencies have been unsuccessful in collecting the full balance owed. The Company’s Insolvency portfolios contain loan accounts that are in default and the customer is involved in a bankruptcy or insolvency proceeding and the accounts were purchased at a substantial discount to face value. Each of the two broad portfolio segments of purchased nonperforming loan portfolios consist of large numbers of homogeneous receivables with similar risk characteristics. Effective interest rate and accounting pools : Within each portfolio segment, the Company pools accounts with similar risk characteristics that are acquired in the same year. Similar risk characteristics generally include portfolio segment and geographic region. The initial effective interest rate of the pool is established based on the purchase price and expected recoveries of each individual purchase at the purchase date. During the year of acquisition, the annual pool is aggregated, and the blended effective interest rate will adjust to reflect new acquisitions and new cash flow estimates until the end of the year. The effective interest rate for a pool is fixed for the remaining life of the pool once the year has ended. Methodology : The Company develops its estimates of expected recoveries by applying discounted cash flow methodologies to its estimated remaining collections ("ERC") and recognizes income over the estimated life of the pool at the constant effective interest rate of the pool. Subsequent changes (favorable and unfavorable) in expected cash flows are recognized within Changes in expected recoveries in the Consolidated Income Statements by recording the present value of those changes in ERC at a constant effective interest rate. Amounts included in the estimate of recoveries do not exceed the aggregate amount of the amortized cost basis previously written off or expected to be written off. The measurement of expected recoveries is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. Development of the Company’s forecasts rely on both quantitative and qualitative factors. Qualitative factors can include both external and internal information and consider management’s view on available facts and circumstances at each reporting period. More specifically, external factors that may have an impact on the collectability, and subsequently on the overall profitability of acquired portfolios of nonperforming loans, would include new laws or regulations relating to collections, new interpretations of existing laws or regulations, and the overall condition of the economy. Internal factors that may have an impact on the collectability, and subsequently the overall profitability of acquired portfolios of nonperforming loans, would include necessary revisions to initial and post-acquisition operational scoring and modeling estimates, operational activities and the expected impact of operational strategies. Portfolio income : The recognition of income on expected recoveries is based on the constant effective interest rate established for a pool. Changes in expected recoveries : The activity consists of differences between actual and expected recoveries for the reporting period, as well as the net present value of increases or decreases in ERC at the constant effective interest rate. Agreements to acquire finance receivables include general representations and warranties from the sellers covering matters such as account holder death or insolvency and accounts settled or disputed prior to sale. The representation and warranty period permitting the return of these accounts from the Company to the seller is typically 90 to 180 days, with certain international agreements extending as long as 24 months. Any funds received from the seller as a return of purchase price are referred to as buybacks. Buyback funds are included in changes in expected recoveries when received. Fees paid to third parties other than the seller related to the direct acquisition of a portfolio of accounts are expensed when incurred.
Fee income recognition	Fee income recognition:
Property and equipment	Property and equipment: Property and equipment, including improvements that significantly add to the productive capacity or extend useful life, are recorded at cost. Maintenance and repairs are expensed as incurred. Property and equipment are depreciated over their useful lives using the straight-line method, as follows: Category of Property and Equipment Estimated Useful Life Software and computer equipment Three Furniture and fixtures Ten years Equipment Five years Leasehold improvements Remaining term of the lease Building improvements Ten Whe
Goodwill	Goodwill: Goodwill is not amortized, but rather, is reviewed for impairment annually or more frequently if indicators of potential impairment exist. The Company performs its annual assessment of goodwill as of October 1. The Company may first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If management concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the fair value of the reporting unit is determined. An impairment loss is recorded for the amount by which the carrying value of the reporting unit exceeds its fair value, not to exceed the total amount of goodwill allocated to the respective reporting unit.
Income taxes	Income taxes: The Company records a tax provision for the anticipated tax consequences of the reported results of operations. Current tax expense represents the estimated taxes to be paid or refunded for the current period and includes income tax expense related to uncertain tax positions. The Company made an accounting policy election to treat U.S. taxes due in relation to Global Intangible Low-Taxed Income ("GILTI") as a current-period expense when incurred. The provision for income taxes is estimated using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company is subject to income taxes throughout the U.S. and in numerous international jurisdictions. The Company recognizes the financial statement benefits of an uncertain tax position if it is more likely than not to be sustained in the event of challenges by relevant taxing authorities based on the technical merit. The amount of benefits to recognize in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon settlement with the relevant tax authorities. The Company exercises significant judgment in making these determinations. The Company records interest and penalties related to unrecognized tax benefits as a component of income tax expense when the more likely than not standards are not met. While actual results could vary, the Company believes it has made adequate tax accruals with respect to the ultimate outcome of such tax matters. A valuation allowance for deferred tax assets is recorded and charged to earnings in the period if it is determined that it is more likely than not that the deferred tax asset will not be realized. If the Company subsequently realizes deferred tax assets that were previously determined to be unrealizable, the related valuation allowance is reversed, resulting in a positive adjustment to earnings in the period such determination is made. The need for a valuation allowance is determined on a jurisdiction-by-jurisdiction basis.
Operating leases	Leases: The Company recognizes a liability for future lease payments and an ROU asset, representing its right to use the underlying asset for the lease term, in the Consolidated Balance Sheets. The Company's operating lease portfolio primarily includes corporate offices and call centers. Its leases have remaining lease terms from one 12 years, some of which include options to extend the leases, the longest of which is for up to 10 years; while o thers include options to terminate the leases in accordance with specified notice periods. Exercises of lease renewal options are typically at the Company's sole discretion, with renewal periods included in ROU assets and lease liabilities based upon whether the Company is reasonably certain of exercising the renewal options and/or not exercising the termination options. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately, and the Company elected not to apply the lease recognition requirements to short-term leases. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Share-based compensation	Share-based compensation: Compensation expense associated with share equity awards is recognized in the income statement. The Company determines stock-based compensation expense for all share-based payment awards based on the measurement date fair value. The Company has certain share awards that include market conditions that affect vesting. The fair value of these shares is estimated using a lattice model. Compensation cost is not adjusted if the market condition is not met, as long as the requisite service is provided. The Company estimates a forfeiture rate for most equity share grants based on historical experience. Time-based equity share awards generally vest between one Note 11 for additional information. Earnings per share: Basic EPS is computed by dividing net income available to common stockholders of PRA Group, Inc. by weighted average common shares outstanding. Diluted EPS are computed using the same components as basic EPS with the denominator adjusted for the dilutive effect of the conversion spread of the Convertible Notes and nonvested share awards, if they are dilutive. Share-based awards that are contingent upon the attainment of performance goals are included in the computation of diluted EPS if the effect is dilutive. The dilutive effect of nonvested shares is computed using the treasury stock method, which assumes any proceeds that could be obtained upon the vesting of nonvested shares would be used to purchase common shares at the average market price for the period.
Derivatives	Derivatives: The Company periodically enters into derivative financial instruments, typically interest rate swap agreements and foreign currency contracts, to reduce its exposure to fluctuations in interest rates on variable-rate debt and foreign currency exchange rates. The Company does not utilize derivative financial instruments with a level of complexity or with a risk greater than the exposure to be managed, nor does it enter into or hold derivatives for trading or speculative purposes. The Company periodically reviews the creditworthiness of the counterparty to assess the counterparty's ability to honor its obligations. Counterparty default would expose the Company to fluctuations in interest and currency rates. All of the Company's outstanding derivative financial instruments are recognized in the Consolidated Balance Sheets at their fair values. The effect on earnings from recognizing the fair values of these derivative financial instruments depends on their intended use, their hedge designation, and their effectiveness in offsetting changes in the fair values of the exposures they are hedging. Under the cash flow hedge accounting model, changes in the fair values of instruments used to reduce or eliminate adverse fluctuations in cash flows of anticipated or forecasted transactions are reported in equity as a component of Accumulated other comprehensive loss. Amounts in Accumulated other comprehensive loss are reclassified to earnings when the related hedged items affect earnings or the anticipated transactions are no longer probable, with those gains and losses recorded in the same financial statement line-item as the hedged item/forecasted transaction. Changes in the fair values of derivative financial instruments that are not designated as hedges or do not qualify for hedge accounting treatment are reported in earnings. Cash flows from the settlement of derivatives, including both those designated in hedge accounting relationships and economic hedges, are reflected in the Consolidated Statements of Cash Flows in the same categories as the cash flows of the hedged item. For derivative financial instruments accounted for as hedging instruments, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective, and the manner in which effectiveness of the hedge will be assessed. The Company assesses, both at inception and at each reporting period thereafter, whether the derivative financial instruments used in hedging transactions are effective in offsetting changes in fair value or cash flows of the related underlying exposures.
Use of estimates	Use of estimates: The preparation of the Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates have been made by management with respect to the: • timing and amount of future cash collections of the Company's finance receivables portfolios; • determination of fair value of a reporting unit as part of testing goodwill for impairment; and • interpretation of the tax laws required to calculate the Company's income tax-related balances. Actual results could differ from these estimates making it reasonably possible that a change in these estimates could occur within one year.
Commitments and contingencies	Commitments and contingencies: The Company is subject to various claims and contingencies related to lawsuits, certain taxes and commitments under contractual and other obligations. The Company recognizes liabilities for commitments and contingencies when a loss is probable and estimable. The Company expenses related legal costs as incurred. See Note 14 for additional information.
Estimated fair value of financial instruments	Estimated fair value of financial instruments: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company takes into consideration differing levels of inputs in the determination of fair values. Disclosure of the estimated fair values of financial instruments often requires the use of estimates. See Note 9 for additional information.
Recent accounting pronouncements	Recent accounting pronouncements: Recently issued accounting pronouncements adopted: The Company has determined that no recently issued and adopted accounting pronouncements have had, or are expected to have, a material effect on the Company's Consolidated Financial Statements. Recently issued accounting pronouncements not yet adopted: In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" ("ASU 2023-07"), which, among other updates, requires enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker, as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, and requires retrospective adoption. Early adoption is permitted. The Company is evaluating the impact of ASU 2023-07 on its Consolidated Financial Statements and the related disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"), which requires enhanced annual disclosures with respect to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, and may be adopted on a prospective or retrospective basis. Early adoption is permitted. The Company is evaluating the impact of ASU 2023-07 on its Consolidated Financial Statements and the related disclosures.

General and Summary of Signif_3

General and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Revenues and Long-lived Assets by Geographical Location	Revenues for the years ended December 31, 2023, 2022 and 2021, and long-lived assets held as of December 31, 2023 and 2022, by geographic area in which the Company operates, were as follows (amounts in thousands): 2023 2022 2021 2023 2022 Revenues (2) Long-Lived Assets United States $ 358,251 $ 520,747 $ 651,991 $ 58,452 $ 79,865 United Kingdom 119,963 181,725 175,383 11,377 12,141 Brazil 95,556 36,412 62,740 3 3 Other (1) 228,784 227,640 205,618 12,495 14,142 Total $ 802,554 $ 966,524 $ 1,095,732 $ 82,327 $ 106,151 (1) None of the countries included in Other comprise greater than 10% of the Company's consolidated revenues or long-lived assets. (2) Based on the Company’s financial statement information used to produce the Company's general-purpose financial statements, it is impracticable to report further breakdowns of revenues from external customers.
Property, and Equipment Useful Lives	Property and equipment are depreciated over their useful lives using the straight-line method, as follows: Category of Property and Equipment Estimated Useful Life Software and computer equipment Three Furniture and fixtures Ten years Equipment Five years Leasehold improvements Remaining term of the lease Building improvements Ten Property and equipment, net consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Software $ 70,924 $ 71,775 Computer equipment 21,771 24,685 Furniture and fixtures 16,814 17,751 Equipment 12,649 15,819 Leasehold improvements 18,711 22,486 Building and improvements 19,637 19,931 Land 1,407 1,407 Accumulated depreciation and impairment (126,452) (123,141) Assets in process 989 932 Property and equipment, net $ 36,450 $ 51,645

Finance Receivables, net (Table

Finance Receivables, net (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of Finance Receivables, Net	Finance receivables, net consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Amortized cost $ — $ — Negative allowance for expected recoveries 3,656,598 3,295,008 Balance at end of year $ 3,656,598 $ 3,295,008
Schedule of Changes in Negative Allowance for Expected Recoveries	Changes in the negative allowance for expected recoveries by portfolio segment for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Balance at beginning of year $ 2,936,207 $ 358,801 $ 3,295,008 Initial negative allowance for expected recoveries - portfolio acquisitions (1) 1,017,609 136,474 1,154,083 Foreign currency translation adjustment 86,047 9,351 95,398 Recoveries applied to negative allowance (2) (758,547) (158,478) (917,025) Changes in expected recoveries (3) 13,898 15,236 29,134 Balance at end of year $ 3,295,214 $ 361,384 $ 3,656,598 2022 Core Insolvency Total Balance at beginning of year $ 2,989,932 $ 438,353 $ 3,428,285 Initial negative allowance for expected recoveries - portfolio acquisitions (1) 771,977 78,019 849,996 Foreign currency translation adjustment (156,795) (20,536) (177,331) Recoveries applied to negative allowance (2) (795,489) (179,357) (974,846) Changes in expected recoveries (3) 126,582 42,322 168,904 Balance at end of year $ 2,936,207 $ 358,801 $ 3,295,008 (1) Initial negative allowance for expected recoveries - portfolio acquisitions Portfolio acquisitions for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Face value $ 7,637,744 $ 747,192 $ 8,384,936 Noncredit discount (843,375) (51,259) (894,634) Allowance for credit losses at acquisition (5,776,760) (559,459) (6,336,219) Purchase price $ 1,017,609 $ 136,474 $ 1,154,083 2022 Core Insolvency Total Face value $ 5,174,974 $ 455,644 $ 5,630,618 Noncredit discount (541,686) (28,279) (569,965) Allowance for credit losses at acquisition (3,861,311) (349,346) (4,210,657) Purchase price $ 771,977 $ 78,019 $ 849,996 The initial negative allowance recorded on portfolio acquisitions for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Allowance for credit losses at acquisition $ (5,776,760) $ (559,459) $ (6,336,219) Writeoffs, net 5,776,760 559,459 6,336,219 Expected recoveries 1,017,609 136,474 1,154,083 Initial negative allowance for expected recoveries $ 1,017,609 $ 136,474 $ 1,154,083 2022 Core Insolvency Total Allowance for credit losses at acquisition $ (3,861,311) $ (349,346) $ (4,210,657) Writeoffs, net 3,861,311 349,346 4,210,657 Expected recoveries 771,977 78,019 849,996 Initial negative allowance for expected recoveries $ 771,977 $ 78,019 $ 849,996 (2) Recoveries applied to negative allowance Recoveries applied to the negative allowance for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Recoveries (a) $ 1,474,009 $ 200,144 $ 1,674,153 Less - amounts reclassified to portfolio income 715,462 41,666 757,128 Recoveries applied to negative allowance $ 758,547 $ 158,478 $ 917,025 2022 Core Insolvency Total Recoveries (a) $ 1,521,504 $ 225,657 $ 1,747,161 Less - amounts reclassified to portfolio income 726,015 46,300 772,315 Recoveries applied to negative allowance $ 795,489 $ 179,357 $ 974,846 (a) Recoveries includes cash collections, buybacks and other cash-based adjustments. (3) Changes in expected recoveries Changes in expected recoveries for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): 2023 Core Insolvency Total Changes in expected future recoveries $ (34,394) $ (1,604) $ (35,998) Recoveries received in excess of forecast 48,292 16,840 65,132 Changes in expected recoveries $ 13,898 $ 15,236 $ 29,134 2022 Core Insolvency Total Changes in expected future recoveries $ 48,806 $ 13,405 $ 62,211 Recoveries received in excess of forecast 77,776 28,917 106,693 Changes in expected recoveries $ 126,582 $ 42,322 $ 168,904

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of Investments	Investments consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Debt securities Available-for-sale $ 59,470 $ 66,813 Equity securities Private equity funds 2,451 4,373 Equity method investment 10,483 8,762 Total investments $ 72,404 $ 79,948
Unrealized Gain (Loss) on Investments	The amortized cost and fair value of investments in debt securities as of December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Available-for-sale Government securities $ 59,404 $ 66 $ — $ 59,470 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Available-for-sale Government securities $ 67,049 $ 1 $ (237) $ 66,813

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Lease, Cost	The components of lease expense for the years ended December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 2022 Operating lease expense $ 10,632 $ 11,981 Short-term lease expense 2,007 2,374 Sublease income (317) (486) Total lease expense $ 12,322 $ 13,869 Supplemental cash flow information and non-cash activity related to leases for the years ended December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities $ 11,514 $ 11,852 ROU assets obtained in exchange for operating lease obligations (1) $ 1,060 $ 8,882 (1) Includes the impact of new leases as well as remeasurements and modifications of existing leases. Lease term and discount rate information related to operating leases were as follows: 2023 2022 Weighted-average remaining lease term (years) 7.4 8.0 Weighted-average discount rate 4.7 % 4.5 %
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities as of December 31, 2023, were as follows for the years ending December 31, (amounts in thousands): Operating Leases 2024 $ 10,015 2025 9,791 2026 8,658 2027 5,789 2028 5,661 Thereafter 19,928 Total lease payments 59,842 Less: imputed interest (9,542) Total present value of lease liabilities $ 50,300

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, net (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill	hanges in goodwill for the years ended December 31, 2023 and 2022, were as follows (amounts in thousands): 2023 2022 Balance at beginning of year $ 435,921 $ 480,263 Change in foreign currency translation adjustment (4,357) (44,342) Balance at end of year $ 431,564 $ 435,921

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The Company's borrowings consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Americas revolving credit (1) $ 396,303 $ 186,867 UK revolving credit 502,847 453,528 Europe revolving credit 538,565 419,856 Term loan 442,500 450,000 Senior Notes 1,046,000 650,000 Convertible Notes — 345,000 2,926,215 2,505,251 Less: Debt discount and issuance costs (11,945) (10,393) Total $ 2,914,270 $ 2,494,858 (1) Includes the North American revolving credit facility and an unsecured and uncommitted credit agreement with Banco de Occidente (the "Colombian revolving credit facility"). As of December 31, 2023, no amounts were outstanding under the Colombian revolving credit facility ($0.5 million was outstanding as of December 31, 2022).
Schedule of Maturities of Long-term Debt	The following principal payments are due on the Company's borrowings as of December 31, 2023, for the years ending December 31, (amounts in thousands): 2024 $ 12,500 2025 308,000 2026 1,319,150 2027 538,565 2028 398,000 Thereafter 350,000 Total $ 2,926,215
Schedule of Line of Credit Facilities	The outstanding balances and weighted average interest rates by type of borrowing under the credit facility as of December 31, 2023 and 2022, were as follows (dollar amounts in thousands): 2023 2022 Amount Outstanding Weighted Average Interest Rate Amount Outstanding Weighted Average Interest Rate Term loan $ 442,500 7.67 % $ 450,000 6.38 % Revolving credit facilities 396,303 7.67 186,365 6.33 The outstanding balance and weighted average interest rate by type of borrowing under the UK Credit Agreement as of December 31, 2023 and 2022, respectively, were as follows (dollar amounts in thousands): 2023 2022 Amount Outstanding Weighted Average Interest Rate Amount Outstanding Weighted Average Interest Rate Revolving credit facility $ 502,847 7.80 % $ 453,528 5.54 % The outstanding balances and weighted average interest rates by type of borrowing under the European Credit Agreement and the prior facility credit agreement as of December 31, 2023 and 2022, respectively, were as follows (dollar amounts in thousands): 2023 2022 Amount Outstanding Weighted Average Interest Rate Amount Outstanding Weighted Average Interest Rate Revolving credit facilities $ 538,565 8.05 % $ 419,856 5.94 %
Schedule of Debt Interest Expense	Interest expense on the 2023 Notes was recognized using an effective interest rate of 4.00%, and for the years ended December 31, 2023, 2022 and 2021, was as follows (amounts in thousands): 2023 2022 2021 Interest expense - stated coupon rate $ 5,032 $ 12,075 $ 12,075 Interest expense - amortization of debt issuance costs 748 1,727 1,660 Total interest expense - Convertible Notes $ 5,780 $ 13,802 $ 13,735
Schedule of Interest Expense, Net	Interest expense, net was as follows for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands): 2023 2022 2021 Interest expense $ 194,667 $ 132,905 $ 125,231 Interest income (12,943) (2,228) (1,088) Interest expense, net $ 181,724 $ 130,677 $ 124,143

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment, Net [Abstract]
Property and Equipment, at Cost	Property and equipment are depreciated over their useful lives using the straight-line method, as follows: Category of Property and Equipment Estimated Useful Life Software and computer equipment Three Furniture and fixtures Ten years Equipment Five years Leasehold improvements Remaining term of the lease Building improvements Ten Property and equipment, net consisted of the following as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Software $ 70,924 $ 71,775 Computer equipment 21,771 24,685 Furniture and fixtures 16,814 17,751 Equipment 12,649 15,819 Leasehold improvements 18,711 22,486 Building and improvements 19,637 19,931 Land 1,407 1,407 Accumulated depreciation and impairment (126,452) (123,141) Assets in process 989 932 Property and equipment, net $ 36,450 $ 51,645

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Carrying and Estimated Fair Value Recorded in the Consolidated Balance Sheet	The carrying amounts in the table below reflect the amounts recorded in the Company's Consolidated Balance Sheets as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents $ 112,528 $ 112,528 $ 83,376 $ 83,376 Finance receivables, net 3,656,598 $ 3,167,798 3,295,008 3,167,813 Financial liabilities: Interest-bearing deposits 115,589 115,589 112,992 112,992 Revolving lines of credit 1,437,715 1,437,715 1,060,251 1,060,251 Term loan 442,500 442,500 450,000 450,000 Senior Notes 1,046,000 964,907 650,000 580,433 Convertible notes — — 345,000 341,926
Summary of Fair Value Assets Measured on a Recurring Basis	Carrying amounts shown in the following tables were measured at fair value on a recurring basis in the Company's Consolidated Balance Sheets as of December 31, 2023 and 2022 (amounts in thousands): Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Government securities $ 59,470 $ — $ — $ 59,470 Derivative contracts (recorded in Other assets) — 22,777 — 22,777 Liabilities: Derivative contracts (recorded in Other liabilities) — 20,403 — 20,403 Fair Value Measurements as of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Government securities $ 66,813 $ — $ — $ 66,813 Derivative contracts (recorded in Other assets) — 37,792 — 37,792 Liabilities: Derivative contracts (recorded in Other liabilities) — 19,120 — 19,120
Summary of Fair Value Liabilities Measured on a Recurring Basis	Carrying amounts shown in the following tables were measured at fair value on a recurring basis in the Company's Consolidated Balance Sheets as of December 31, 2023 and 2022 (amounts in thousands): Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Government securities $ 59,470 $ — $ — $ 59,470 Derivative contracts (recorded in Other assets) — 22,777 — 22,777 Liabilities: Derivative contracts (recorded in Other liabilities) — 20,403 — 20,403 Fair Value Measurements as of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Government securities $ 66,813 $ — $ — $ 66,813 Derivative contracts (recorded in Other assets) — 37,792 — 37,792 Liabilities: Derivative contracts (recorded in Other liabilities) — 19,120 — 19,120

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table summarizes the fair value of derivative financial instruments as of December 31, 2023 and 2022 (amounts in thousands): 2023 2022 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments: Interest rate contracts Other assets $ 21,770 Other assets $ 37,305 Interest rate contracts Other liabilities 11,627 Other liabilities — Derivatives not designated as hedging instruments: Foreign currency contracts Other assets 1,007 Other assets 487 Foreign currency contracts Other liabilities 8,776 Other liabilities 19,120
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following tables summarize the effects of derivatives designated as cash flow hedging instruments for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands): Gain/(loss) recognized in OCI, net of tax Derivatives designated as cash flow hedging instruments 2023 2022 2021 Interest rate contracts $ 468 $ 32,650 $ 17,961 Gain/(loss) reclassified from OCI into income Location of gain/(loss) reclassified from OCI into income 2023 2022 2021 Interest expense, net $ 23,158 $ (976) $ (12,722)
Schedule of derivative instruments not designated as hedging instruments	The following table summarizes the effects of derivatives not designated as hedging instruments in the Company’s Consolidated Income Statements for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands): Gain/(loss) recognized in income Derivatives not designated as hedging instruments Location of gain/(loss) recognized in income 2023 2022 2021 Foreign currency contracts Foreign exchange gain/(loss), net $ (10,330) $ 38,808 $ 12,160 Foreign currency contracts Interest expense, net 1,603 (364) 406

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of Accumulated other comprehensive loss for the years ended December 31, 2023 and 2022 were as follows (amounts in thousands): Gains/(losses) on cash flow hedges 2023 2022 Location in the Consolidated Income Statement Interest rate swaps $ 23,158 $ (976) Interest expense, net Income tax effect of item above (1) (1,483) 451 Income tax expense/(benefit) Total gains/(losses) on cash flow hedges $ 21,675 $ (525) (1) Income tax effects are released from Accumulated other comprehensive loss contemporaneously with the related gross pretax amount. Changes in Accumulated other comprehensive loss by component, after tax, for the years ended December 31, 2023, 2022 and 2021 were as follows (amounts in thousands): Debt Securities Available for Sale Cash Flow Hedges Currency Translation Adjustment Accumulated Other Comprehensive Loss 1 Balance as of December 31, 2020 $ 127 $ (33,349) $ (212,569) $ (245,791) Other comprehensive gain/(loss) before reclassifications (348) 17,961 (48,748) (31,135) Reclassifications, net — 10,017 — 10,017 Net current period other comprehensive gain/(loss) (348) 27,978 (48,748) (21,118) Balance as of December 31, 2021 $ (221) $ (5,371) $ (261,317) $ (266,909) Other comprehensive gain/(loss) before reclassifications (16) 32,650 (114,176) (81,542) Reclassifications, net — 525 — 525 Net current period other comprehensive gain/(loss) (16) 33,175 (114,176) (81,017) Balance as of December 31, 2022 $ (237) $ 27,804 $ (375,493) $ (347,926) Other comprehensive gain before reclassifications 302 468 38,932 39,702 Reclassifications, net — (21,675) — (21,675) Net current period other comprehensive gain/(loss) 302 (21,207) 38,932 18,027 Balance as of December 31, 2023 $ 65 $ 6,597 $ (336,561) $ (329,899) (1) Net of deferred taxes for unrealized gains from cash flow hedges of $(2.2) million , $(9.2) million and $(3.1) million for the years ended December 31, 2023, 2022 and 2021 , respectively.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Nonvested Share Transactions	The following table summarizes nonvested share activity, excluding those issued pursuant to the LTI program, from December 31, 2020 through December 31, 2023 (amounts in thousands, except per share amounts): Nonvested Shares Outstanding Weighted-Average Price at Grant Date Balance as of December 31, 2020 555 $ 34.23 Granted 312 38.14 Vested (320) 33.80 Forfeited (37) 36.06 Balance as of December 31, 2021 510 36.76 Granted 351 41.64 Vested (269) 35.41 Forfeited (36) 40.85 Balance as of December 31, 2022 556 40.23 Granted 482 32.90 Vested (278) 40.14 Forfeited (208) 41.08 Balance as of December 31, 2023 552 $ 33.55
Summarization of Option Related Transactions	The following table summarizes LTI share activity from December 31, 2020 through December 31, 2023 (amounts in thousands, except per share amounts): Nonvested LTI Shares Outstanding Weighted-Average Price at Grant Date Balance as of December 31, 2020 392 $ 34.30 Granted at target level 148 37.45 Adjustments for actual performance (10) 39.40 Vested (99) 39.40 Forfeited (24) 35.31 Balance as of December 31, 2021 407 34.01 Granted at target level 127 44.90 Adjustments for actual performance 64 28.28 Vested (222) 28.28 Forfeited (21) 40.45 Balance as of December 31, 2022 355 40.07 Granted at target level 130 52.55 Adjustments for actual performance 17 39.04 Vested (153) 39.47 Forfeited (191) 46.58 Balance as of December 31, 2023 158 $ 42.94

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Reconciliation Between the Computation of Basic EPS and Diluted EPS	The following table provides a reconciliation between the computation of basic EPS and diluted EPS for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands, except per share amounts): 2023 2022 2021 Net Loss Attributable to PRA Group, Inc. Weighted Average Common Shares EPS Net Income Attributable to PRA Group, Inc. Weighted Average Common Shares EPS Net Income Attributable to PRA Group, Inc. Weighted Average Common Shares EPS Basic EPS $ (83,477) 39,177 $ (2.13) $ 117,147 39,638 $ 2.96 $ 183,158 44,960 $ 4.07 Dilutive effect of nonvested share awards — — — — 250 (0.02) — 370 (0.03) Diluted EPS $ (83,477) 39,177 $ (2.13) $ 117,147 39,888 $ 2.94 $ 183,158 45,330 $ 4.04

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Summary of Income Tax Expense Recognized	Income tax expense/(benefit) for the years ended December 31, 2023, 2022 and 2021 was comprised of the following (amounts in thousands): Federal State International Total For the year ended December 31, 2023: Current tax expense $ 160 $ 1,697 $ 17,953 $ 19,810 Deferred tax benefit (25,921) (7,956) (2,066) (35,943) Total income tax expense/(benefit) $ (25,761) $ (6,259) $ 15,887 $ (16,133) For the year ended December 31, 2022: Current tax expense $ 8,797 $ 385 $ 26,998 $ 36,180 Deferred tax expense/(benefit) (2,848) (386) 3,841 607 Total income tax expense/(benefit) $ 5,949 $ (1) $ 30,839 $ 36,787 For the year ended December 31, 2021: Current tax expense $ 30,659 $ 5,397 $ 11,958 $ 48,014 Deferred tax expense/(benefit) (3,056) (323) 10,182 6,803 Total income tax expense $ 27,603 $ 5,074 $ 22,140 $ 54,817
Schedule of Reconciliation of Expected Tax Expense at The Statutory Federal Tax Rate to Actual Tax Expense	A reconciliation of the Company's expected tax expense/(benefit) at the U.S. statutory federal tax rate to actual tax expense/(benefit) for the years ended December 31, 2023, 2022 and 2021, was as follows (amounts in thousands): 2023 2022 2021 Income tax expense/(benefit) at the statutory federal rate $ (17,406) $ 32,505 $ 52,568 State tax expense/(benefit), net of federal tax benefit (4,886) (18) 4,303 Tax impact on international earnings, excluding uncertain tax positions 2,058 1,175 (4,449) Nondeductible legal settlement expenses 3,017 — — Nondeductible compensation 117 3,025 2,212 Other 967 100 183 Total income tax expense/(benefit) $ (16,133) $ 36,787 $ 54,817 Effective tax rate 19.5 % 23.8 % 21.9 %
Summary of Components of Net Deferred Tax Liability	2023 2022 2021 Income tax expense/(benefit) at the statutory federal rate $ (17,406) $ 32,505 $ 52,568 State tax expense/(benefit), net of federal tax benefit (4,886) (18) 4,303 Tax impact on international earnings, excluding uncertain tax positions 2,058 1,175 (4,449) Nondeductible legal settlement expenses 3,017 — — Nondeductible compensation 117 3,025 2,212 Other 967 100 183 Total income tax expense/(benefit) $ (16,133) $ 36,787 $ 54,817 Effective tax rate 19.5 % 23.8 % 21.9 % As of December 31, 2023 and 2022, the components of deferred tax assets and liabilities were as follows (amounts in thousands): 2023 2022 Deferred tax assets: Employee compensation $ 6,044 $ 5,177 Net operating loss carryforward 159,699 126,549 Interest 11,959 11,042 Lease liability 8,615 10,667 Other 2,561 — Valuation allowance (70,245) (68,929) Total deferred tax asset 118,633 84,506 Deferred tax liabilities: Property and equipment (1,716) (4,178) Intangible assets and goodwill (6,053) (5,118) ROU asset (7,775) (9,731) Finance receivable revenue recognition - international (31,538) (12,074) Finance receivable revenue recognition - domestic (6,197) (27,181) Other (7,711) (12,234) Total deferred tax liability (60,990) (70,516) Net deferred tax asset $ 57,643 $ 13,990
Schedule of Unrecognized Tax Benefits Roll Forward	unrecognized tax benefits for the years ended December 31, 2023, 2022 and 2021 were as follows (amounts in thousands): 2023 2022 2021 Balance as of the beginning of year $ 101,703 $ 114,294 $ 110,425 Increase (decrease) related to tax positions taken during a prior year (1) 4,001 (12,591) 3,869 Balance as of the end of year $ 105,704 $ 101,703 $ 114,294 (1) Relates to international transactions and are primarily due to foreign exchange rate fluctuations.

General and Summary of Signif_4

General and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	May 26, 2017
Accounting Policies [Line Items]
Number of operating segments | segment	2
Number of reportable segments | segment	1
Requisite service period	3 years
Possible change in estimates, in years	1 year
Right-of-use assets	$ 45,877	$ 54,506
Lease liabilities	50,300	59,384
Recoveries received in excess of forecast	65,132	106,693
Retained Earnings (Accumulated Deficit)	1,489,548	1,573,025
Interest Income (Expense), Net	181,724	130,677	$ 124,143
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (66,754)	$ 117,998	$ 195,509
Furniture and Fixtures
Accounting Policies [Line Items]
Property and equipment, useful life, in years	10 years
Equipment
Accounting Policies [Line Items]
Property and equipment, useful life, in years	5 years
Minimum
Accounting Policies [Line Items]
Remaining lease term	1 year
Minimum | Computer Equipment
Accounting Policies [Line Items]
Property and equipment, useful life, in years	3 years
Minimum | Building Improvements
Accounting Policies [Line Items]
Property and equipment, useful life, in years	10 years
Maximum
Accounting Policies [Line Items]
Remaining lease term	12 years
Optional extension period	10 years
Maximum | Computer Equipment
Accounting Policies [Line Items]
Property and equipment, useful life, in years	5 years
Maximum | Building Improvements
Accounting Policies [Line Items]
Property and equipment, useful life, in years	39 years
Note Due 2023 | Convertible Debt
Accounting Policies [Line Items]
Stated percentage				3.50%

General and Summary of Signif_5

General and Summary of Significant Accounting Policies (Revenue and Long-lived Assets by Geographical Location) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues (2)	$ 802,554	$ 966,524	$ 1,095,732
Long-Lived Assets	82,327	106,151
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues (2)	358,251	520,747	651,991
Long-Lived Assets	58,452	79,865
UNITED KINGDOM
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues (2)	119,963	181,725	175,383
Long-Lived Assets	11,377	12,141
Foreign Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues (2)	228,784	227,640	205,618
Long-Lived Assets	12,495	14,142
BRAZIL
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues (2)	95,556	36,412	$ 62,740
Long-Lived Assets	$ 3	$ 3

Finance Receivables, net (Rollf

Finance Receivables, net (Rollforward) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Amortized cost	$ 0	$ 0
Initial negative allowance for expected recoveries	3,656,598	3,295,008
Balance at end of period	$ 3,656,598	$ 3,295,008	$ 3,428,285

Finance Receivables, net Financ

Finance Receivables, net Finance Receivables, net (Allowance for Expected Recoveries) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of year	$ 3,295,008	$ 3,428,285
Initial negative allowance for expected recoveries - acquisitions	1,154,083	849,996
Foreign currency translation adjustment	95,398	(177,331)
Recoveries applied to negative allowance	(917,025)	(974,846)
Changes in estimated recoveries	29,134	168,904	$ 197,904
Balance at end of year	3,656,598	3,295,008	3,428,285
Core
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of year	2,936,207	2,989,932
Initial negative allowance for expected recoveries - acquisitions	1,017,609	771,977
Foreign currency translation adjustment	86,047	(156,795)
Recoveries applied to negative allowance	(758,547)	(795,489)
Changes in estimated recoveries	13,898	126,582
Balance at end of year	3,295,214	2,936,207	2,989,932
Insolvency
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of year	358,801	438,353
Initial negative allowance for expected recoveries - acquisitions	136,474	78,019
Foreign currency translation adjustment	9,351	(20,536)
Recoveries applied to negative allowance	(158,478)	(179,357)
Changes in estimated recoveries	15,236	42,322
Balance at end of year	$ 361,384	$ 358,801	$ 438,353

Finance Receivables, net (Portf

Finance Receivables, net (Portfolio Acquisitions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Face value	$ 8,384,936	$ 5,630,618
Noncredit discount	(894,634)	(569,965)
Allowance for credit losses at acquisition	(6,336,219)	(4,210,657)
Purchase price	1,154,083	849,996
Core
Accounts, Notes, Loans and Financing Receivable [Line Items]
Face value	7,637,744	5,174,974
Noncredit discount	(843,375)	(541,686)
Allowance for credit losses at acquisition	(5,776,760)	(3,861,311)
Purchase price	1,017,609	771,977
Insolvency
Accounts, Notes, Loans and Financing Receivable [Line Items]
Face value	747,192	455,644
Noncredit discount	(51,259)	(28,279)
Allowance for credit losses at acquisition	(559,459)	(349,346)
Purchase price	$ 136,474	$ 78,019

Finance Receivables, net Fina_2

Finance Receivables, net Finance Receivables, net (Initial Negative Allowance for Recoveries) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at acquisition	$ (6,336,219)	$ (4,210,657)
Writeoffs, net	6,336,219	4,210,657
Expected recoveries	1,154,083	849,996
Initial negative allowance for expected recoveries	1,154,083	849,996
Core
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at acquisition	(5,776,760)	(3,861,311)
Writeoffs, net	5,776,760	3,861,311
Expected recoveries	1,017,609	771,977
Initial negative allowance for expected recoveries	1,017,609	771,977
Insolvency
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at acquisition	(559,459)	(349,346)
Writeoffs, net	559,459	349,346
Expected recoveries	136,474	78,019
Initial negative allowance for expected recoveries	$ 136,474	$ 78,019

Finance Receivables, net Fina_3

Finance Receivables, net Finance Receivables, net (Recoveries) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Recoveries	$ 1,674,153	$ 1,747,161
Less - amounts reclassified to portfolio income	757,128	772,315	$ 875,327
Expected recoveries	917,025	974,846
Core
Financing Receivable, Allowance for Credit Losses [Line Items]
Recoveries	1,474,009	1,521,504
Less - amounts reclassified to portfolio income	715,462	726,015
Expected recoveries	758,547	795,489
Insolvency
Financing Receivable, Allowance for Credit Losses [Line Items]
Recoveries	200,144	225,657
Less - amounts reclassified to portfolio income	41,666	46,300
Expected recoveries	$ 158,478	$ 179,357

Finance Receivables, net (Chang

Finance Receivables, net (Changes in Estimated Future Recoveries) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Changes in expected future recoveries	$ (35,998)	$ 62,211
Recoveries received in excess of forecast	65,132	106,693
Changes in estimated recoveries	29,134	168,904	$ 197,904
Core
Financing Receivable, Allowance for Credit Losses [Line Items]
Changes in expected future recoveries	(34,394)	48,806
Recoveries received in excess of forecast	48,292	77,776
Changes in estimated recoveries	13,898	126,582
Insolvency
Financing Receivable, Allowance for Credit Losses [Line Items]
Changes in expected future recoveries	(1,604)	13,405
Recoveries received in excess of forecast	16,840	28,917
Changes in estimated recoveries	$ 15,236	$ 42,322

Finance Receivables, net (Narra

Finance Receivables, net (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Changes in estimated recoveries	$ 29,134	$ 168,904	$ 197,904
Recoveries received in excess of forecast	65,132	106,693
Decrease in present value of expected future recoveries	$ 35,998	$ (62,211)

Investments (Summary of Investm

Investments (Summary of Investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt securities
Debt Securities, Available-for-Sale	$ 59,470	$ 66,813
Equity Securities, FV-NI and without Readily Determinable Fair Value [Abstract]
Equity Method Investments	10,483	8,762
Investments	72,404	79,948
Private Equity Funds [Member]
Equity Securities, FV-NI and without Readily Determinable Fair Value [Abstract]
Equity securities	$ 2,451	$ 4,373

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investment [Line Items]
Debt Securities, Available-for-Sale	$ 59,470	$ 66,813
Cash and Cash Equivalents, at Carrying Value	$ 112,528	83,376	$ 87,584
Cost-method investment, ownership percentage	1%
Government Bonds and Fixed Income Funds
Investment [Line Items]
Debt Securities, Available-for-Sale	$ 59,470	$ 66,813
Available-for-sale, fair value, maturity, date, year one	$ 59,500
RCB Investimentos S.A. | RCB Investimentos S.A. (RCB)
Investment [Line Items]
Ownership percentage	11.70%

Investments (Amortized Cost) (D

Investments (Amortized Cost) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Debt Securities, Available-for-Sale	$ 59,470	$ 66,813
Government Bonds and Fixed Income Funds
Debt Securities, Available-for-Sale, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Debt Securities, Available-for-Sale, Amortized Cost, Total	59,404	67,049
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	66	1
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	0	237
Debt Securities, Available-for-Sale	$ 59,470	$ 66,813

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Rental expense	$ 12,322	$ 13,869

Leases - Lease Cost and Other I

Leases - Lease Cost and Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 10,632	$ 11,981
Short-term lease cost	2,007	2,374
Total lease cost	12,322	13,869
Cash paid for amounts included in the measurement of operating lease liabilities	$ 11,514	$ 11,852
Weighted-average remaining lease term (years)	7 years 4 months 24 days	8 years
Weighted-average discount rate	4.70%	4.50%
Sublease Income	$ (317)	$ (486)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability, Net	$ 1,060	$ 8,882

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Liability Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2021	$ 10,015
2022	9,791
2023	8,658
2024	5,789
2025	5,661
Thereafter	19,928
Total lease payments	59,842
Less imputed interest	(9,542)
Total	$ 50,300	$ 59,384

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, net (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Balance at beginning of year	$ 435,921	$ 480,263
Goodwill, Foreign Currency Translation Gain (Loss)	(4,357)	(44,342)
Balance at end of year	$ 431,564	$ 435,921

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Debt outstanding	$ 2,926,215	$ 2,505,251
Less: Debt discount and issuance costs	(11,945)	(10,393)
Total	2,914,270	2,494,858
Revolving Credit Facility | North American Credit Agreement
Debt Instrument [Line Items]
Debt outstanding	$ 396,303	$ 186,365
Weighted average interest rate	7.67%	6.33%
Line of Credit | Americas revolving credit (1)
Debt Instrument [Line Items]
Debt outstanding	$ 396,303	$ 186,867
Line of Credit | Europe revolving credit
Debt Instrument [Line Items]
Debt outstanding		419,856
Line of Credit | UK Revolving Credit
Debt Instrument [Line Items]
Debt outstanding		453,528
Line of Credit | UK Revolving Credit | UK Credit Agreement
Debt Instrument [Line Items]
Debt outstanding	$ 502,847	$ 453,528
Weighted average interest rate	7.80%	5.54%
Senior Notes
Debt Instrument [Line Items]
Debt outstanding	$ 1,046,000	$ 650,000
Convertible Debt
Debt Instrument [Line Items]
Debt outstanding	0	345,000
Loans Payable | North American Credit Agreement
Debt Instrument [Line Items]
Debt outstanding	$ 442,500	$ 450,000
Weighted average interest rate	7.67%	6.38%

Borrowings (Long term debt Matu

Borrowings (Long term debt Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2020	$ 12,500
2021	308,000
2022	1,319,150
2023	538,565
2024 and thereafter	398,000
Total	2,926,215	$ 2,505,251
Long-Term Debt, Maturity, after Year Five	$ 350,000

Borrowings (North American Revo

Borrowings (North American Revolving Credit and Term Loan) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)	May 26, 2017
North American Credit Agreement
Debt Instrument [Line Items]
Total credit facility available	$ 1,500,000,000
Unused portion	678,700,000
Current borrowing capacity	$ 107,600,000
Credit agreement consolidated leverage ratio	3.50
Debt instrument, covenant, maximum cash dividends	$ 20,000,000
Credit agreement, consolidated senior secured leverage ratio	2.25
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500,000,000
Line Of Credit Facility, Additional Borrowing Capacity	$ 571,100,000
North American Credit Agreement | Minimum
Debt Instrument [Line Items]
Basis spread variable rate (as a percent)	2%
North American Credit Agreement | Maximum
Debt Instrument [Line Items]
Basis spread variable rate (as a percent)	2.25%
Credit agreement, consolidated senior secured leverage ratio	1.60
Convertible Debt | Note Due 2023
Debt Instrument [Line Items]
Stated percentage		3.50%
Revolving Credit Facility | North American Credit Agreement
Debt Instrument [Line Items]
Total credit facility available	$ 1,000,000,000
Optional increase in borrowing capacity	500,000,000
Option for letters of credit	25,000,000
Option to reduce borrowing capacity	25,000,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000,000,000
Revolving Credit Facility | North American Credit Agreement | Minimum
Debt Instrument [Line Items]
Unused commitment fee under revolving credit	0.30%
Revolving Credit Facility | North American Credit Agreement | Maximum
Debt Instrument [Line Items]
Unused commitment fee under revolving credit	0.35%
Credit agreement, consolidated senior secured leverage ratio	1.60
Revolving Credit Facility | North American Credit Agreement | Interest Rate Floor
Debt Instrument [Line Items]
Basis spread variable rate (as a percent)	0%
Canadian Revolving Credit Facility | North American Credit Agreement
Debt Instrument [Line Items]
Total credit facility available	$ 75,000,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 75,000,000
Eligible Core Asset Pool | North American Credit Agreement
Debt Instrument [Line Items]
Percentage of maximum level of borrowings of ERC of eligible asset pools	35%
Eligible Insolvent Asset Pool | North American Credit Agreement
Debt Instrument [Line Items]
Covenant, maximum borrowing as a percentage of insolvent asset pools	55%

Borrowings (Outstanding balance

Borrowings (Outstanding balances and weighted average interest rates) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Debt outstanding	$ 2,926,215	$ 2,505,251
Revolving Credit Facility | North American Credit Agreement
Line of Credit Facility [Line Items]
Debt outstanding	$ 396,303	$ 186,365
Weighted average interest rate	7.67%	6.33%
Loans Payable | North American Credit Agreement
Line of Credit Facility [Line Items]
Debt outstanding	$ 442,500	$ 450,000
Weighted average interest rate	7.67%	6.38%
Line of Credit | Europe revolving credit
Line of Credit Facility [Line Items]
Debt outstanding		$ 419,856
Line of Credit | Europe revolving credit | European Revolving Facility and Term Loan
Line of Credit Facility [Line Items]
Debt outstanding	$ 538,565	$ 419,856
Weighted average interest rate	8.05%	5.94%

Borrowings (European Revolving

Borrowings (European Revolving Credit Facility and Term Loan) (Details) - 12 months ended Dec. 31, 2023 € in Millions, $ in Millions, kr in Billions	SEK (kr)	USD ($)	EUR (€)
European Revolving Facility and Term Loan | Revolving Credit Facility
Line of Credit Facility [Line Items]
Covenant, loan-to-value	45%
Current borrowing capacity		$ 176.9
Unused portion		307.1
Line Of Credit Facility, Additional Borrowing Capacity		130.2
European Revolving Facility and Term Loan | Overdraft Facility
Line of Credit Facility [Line Items]
Total credit facility available		$ 40
Commitment fee percentage	0.125%
European Revolving Facility and Term Loan | Europe revolving credit
Line of Credit Facility [Line Items]
Credit agreement consolidated leverage ratio		3.50	3.50
Credit agreement, consolidated senior secured leverage ratio		2.25	2.25
European Revolving Facility and Term Loan | Maximum | Europe revolving credit
Line of Credit Facility [Line Items]
Maximum interest bearing deposits | kr	kr 1.2
UK Credit Agreement
Line of Credit Facility [Line Items]
Current borrowing capacity		$ 59.9
Credit agreement consolidated leverage ratio		3.50	3.50
Credit agreement, consolidated senior secured leverage ratio		2.25	2.25
Unused portion		$ 297.2
Line Of Credit Facility, Additional Borrowing Capacity		$ 237.3
Line of Credit | European Revolving Facility and Term Loan | Europe revolving credit
Line of Credit Facility [Line Items]
Total credit facility available | €			€ 730
Long Term Line of Debt, Accordion Feature | €			€ 500
Unused commitment fee under revolving credit	1.12%
Commitment fee as a percentage of margin	35%
Line of Credit Facility, Unused Capacity, Floor		0	0
Line of Credit | European Revolving Facility and Term Loan | Interbank Offered Rate (IBOR) | Minimum | Europe revolving credit
Line of Credit Facility [Line Items]
Basis spread variable rate (as a percent)	2.80%
Line of Credit | European Revolving Facility and Term Loan | Interbank Offered Rate (IBOR) | Maximum | Europe revolving credit
Line of Credit Facility [Line Items]
Basis spread variable rate (as a percent)	3.80%
Line of Credit | UK Credit Agreement | UK Revolving Credit
Line of Credit Facility [Line Items]
Total credit facility available		$ 800
Long Term Line of Debt, Accordion Feature		$ 200
Line of Credit | UK Credit Agreement | Minimum | UK Revolving Credit
Line of Credit Facility [Line Items]
Unused commitment fee under revolving credit	0.30%
Credit agreement, consolidated senior secured leverage ratio		1.60	1.60
Line of Credit | UK Credit Agreement | Maximum | UK Revolving Credit
Line of Credit Facility [Line Items]
Unused commitment fee under revolving credit	0.35%
Credit agreement, consolidated senior secured leverage ratio		1.60	1.60

Borrowings (UK Revolving Credit

Borrowings (UK Revolving Credit Facility) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
UK Credit Agreement
Line of Credit Facility [Line Items]
Credit agreement, consolidated senior secured leverage ratio	2.25
Unused portion	$ 297.2
Current borrowing capacity	$ 59.9
Credit agreement consolidated leverage ratio	3.50
Line Of Credit Facility, Additional Borrowing Capacity	$ 237.3
UK Credit Agreement | Eligible Core Asset Pool
Line of Credit Facility [Line Items]
Percentage of maximum level of borrowings of ERC of eligible asset pools	35%
UK Credit Agreement | Eligible Insolvent Asset Pool
Line of Credit Facility [Line Items]
Covenant, maximum borrowing as a percentage of insolvent asset pools	55%
North American Credit Agreement
Line of Credit Facility [Line Items]
Credit agreement, consolidated senior secured leverage ratio	2.25
Unused portion	$ 678.7
Current borrowing capacity	107.6
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500
Credit agreement consolidated leverage ratio	3.50
Line Of Credit Facility, Additional Borrowing Capacity	$ 571.1
North American Credit Agreement | Eligible Core Asset Pool
Line of Credit Facility [Line Items]
Percentage of maximum level of borrowings of ERC of eligible asset pools	35%
North American Credit Agreement | Eligible Insolvent Asset Pool
Line of Credit Facility [Line Items]
Covenant, maximum borrowing as a percentage of insolvent asset pools	55%
Revolving Credit Facility | North American Credit Agreement
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000
Optional increase in borrowing capacity	500
UK Revolving Credit | UK Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	800
Long Term Line of Debt, Accordion Feature	$ 200
Minimum | North American Credit Agreement
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2%
Minimum | Revolving Credit Facility | North American Credit Agreement
Line of Credit Facility [Line Items]
Unused commitment fee under revolving credit	0.30%
Minimum | UK Revolving Credit | UK Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Credit agreement, consolidated senior secured leverage ratio	1.60
Unused commitment fee under revolving credit	0.30%
Minimum | UK Revolving Credit | UK Credit Agreement | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Maximum | North American Credit Agreement
Line of Credit Facility [Line Items]
Credit agreement, consolidated senior secured leverage ratio	1.60
Debt Instrument, Basis Spread on Variable Rate	2.25%
Maximum | North American Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate, Credit Adjustment Spread	0.10%
Maximum | Revolving Credit Facility | North American Credit Agreement
Line of Credit Facility [Line Items]
Credit agreement, consolidated senior secured leverage ratio	1.60
Unused commitment fee under revolving credit	0.35%
Maximum | UK Revolving Credit | UK Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Credit agreement, consolidated senior secured leverage ratio	1.60
Unused commitment fee under revolving credit	0.35%
Maximum | UK Revolving Credit | UK Credit Agreement | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%

Borrowings (Columbian Revolving

Borrowings (Columbian Revolving Credit Facility) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Revolving Credit Facility | Colombian Revolving Credit Facility
Debt Instrument [Line Items]
Revolving lines of credit, carrying amount	$ 0	$ 0.5

Borrowings (Senior Notes) (Deta

Borrowings (Senior Notes) (Details) - USD ($)				12 Months Ended
	Feb. 06, 2023	Sep. 22, 2021	Aug. 27, 2020	Dec. 31, 2023	May 26, 2017
Debt Instrument [Line Items]
Repurchase Of Senior Notes, Value				$ 4,000,000
2025 Notes
Debt Instrument [Line Items]
Repurchase Of Senior Notes, Value				2,000,000
2025 Notes | Senior Notes
Debt Instrument [Line Items]
Face amount			$ 300,000,000
Stated percentage			7.375%
2025 Notes | Senior Notes | Change Of Control Event
Debt Instrument [Line Items]
Redemption price percentage			101%
2025 Notes | Senior Notes | Certain Asset Sale Events
Debt Instrument [Line Items]
Redemption price percentage			100%
2025 Notes | Senior Notes | September 1, 2024 And Thereafter
Debt Instrument [Line Items]
Redemption price percentage			100%
2025 Notes | Senior Notes | September 1, 2023 To August 31, 2024
Debt Instrument [Line Items]
Redemption price percentage			101.844%
2029 Notes | Senior Notes
Debt Instrument [Line Items]
Face amount		$ 350,000,000
Stated percentage		5%
2029 Notes | Senior Notes | Change Of Control Event
Debt Instrument [Line Items]
Redemption price percentage		101%
2029 Notes | Senior Notes | Certain Asset Sale Events
Debt Instrument [Line Items]
Redemption price percentage		100%
2029 Notes | Senior Notes | On Or Before October 1, 2024
Debt Instrument [Line Items]
Redemption price percentage		105%
Redemption price, percentage of aggregate principal amount		40%
Redemption period		90 days
2029 Notes | Senior Notes | On Or Before October 1, 2024 | Minimum
Debt Instrument [Line Items]
Redemption price, minimum percentage of aggregate principal amount outstanding		60%
2029 Notes | Senior Notes | On or After October 1, 2024
Debt Instrument [Line Items]
Redemption price percentage		102.50%
2029 Notes | Senior Notes | October 1, 2025 To September 30, 2026
Debt Instrument [Line Items]
Redemption price percentage		101.25%
2029 Notes | Senior Notes | October 1, 2026 And Thereafter [Member]
Debt Instrument [Line Items]
Redemption price percentage		100%
2029 Notes | Senior Notes | February 1, 2027 And Thereafter
Debt Instrument [Line Items]
Redemption price percentage	100%
Note Due 2023 | Convertible Debt
Debt Instrument [Line Items]
Face amount					$ 345,000,000
Stated percentage					3.50%
2028 Notes
Debt Instrument [Line Items]
Repurchase Of Senior Notes, Value				$ 2,000,000
2028 Notes | Senior Notes
Debt Instrument [Line Items]
Face amount	$ 400,000,000
Stated percentage	8.375%
2028 Notes | Senior Notes | Change Of Control Event
Debt Instrument [Line Items]
Redemption price percentage	101%
2028 Notes | Senior Notes | Certain Asset Sale Events
Debt Instrument [Line Items]
Redemption price percentage	100%
2028 Notes | Senior Notes | On or After February 1, 2025
Debt Instrument [Line Items]
Redemption price percentage	104.188%
2028 Notes | Senior Notes | February 1, 2026 To January 31, 2027
Debt Instrument [Line Items]
Redemption price percentage	102.094%
2028 Notes | Senior Notes | On Or Before February 1, 2025
Debt Instrument [Line Items]
Redemption price percentage	108.375%
Redemption price, percentage of aggregate principal amount	40%
Redemption price, minimum percentage of aggregate principal amount outstanding	60%

Borrowings (Convertible Debt an

Borrowings (Convertible Debt and Additional information) (Details) - Note Due 2023 - Convertible Debt - USD ($)	Dec. 31, 2023	May 26, 2017
Debt Instrument [Line Items]
Face amount		$ 345,000,000
Stated percentage		3.50%
Effective interest rate (as a percent)	4%

Borrowings (Interest Expense) (

Borrowings (Interest Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Interest expense - amortization of debt discount and issuance costs	$ 9,223	$ 10,097	$ 9,508
Interest expense	194,667	132,905	125,231
Interest income	(12,943)	(2,228)	(1,088)
Interest expense, net	(181,724)	(130,677)	(124,143)
Convertible Debt
Debt Instrument [Line Items]
Interest Expense, Debt, Excluding Amortization	5,032	12,075	12,075
Amortization of Debt Issuance Costs	748	1,727	1,660
Interest Expense, Debt, Total	$ 5,780	$ 13,802	$ 13,735

Property and Equipment, net (Pr

Property and Equipment, net (Property and Equipment, at Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment, Net [Abstract]
Capitalized Computer Software, Gross	$ 70,924	$ 71,775
Computer Equipment	21,771	24,685
Furniture and Fixtures, Gross	16,814	17,751
Machinery and Equipment, Gross	12,649	15,819
Leasehold Improvements, Gross	18,711	22,486
Buildings and Improvements, Gross	19,637	19,931
Land	1,407	1,407
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(126,452)	(123,141)
Construction in Progress, Gross	989	932
Property and equipment, net	36,450	51,645
Depreciation and amortization expense	$ 13,100	$ 14,900	$ 15,100

Property and Equipment, net (Na

Property and Equipment, net (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 13.1	$ 14.9	$ 15.1

Fair Value (Carrying And Estima

Fair Value (Carrying And Estimated Fair Value Recorded In The Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 112,528	$ 83,376	$ 87,584
Finance receivables, net, carrying amount	3,656,598	3,295,008
Liabilities, Fair Value Disclosure [Abstract]
Interest-bearing deposits, carrying amount	115,589	112,992
Reported Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents, at Carrying Value	112,528	83,376
Finance receivables, net, carrying amount	3,656,598	3,295,008
Liabilities, Fair Value Disclosure [Abstract]
Interest-bearing deposits, carrying amount	115,589	112,992
Revolving lines of credit, carrying amount	1,437,715	1,060,251
Term loans, carrying amount	442,500	450,000
Convertible notes, carrying amount	0	345,000
Senior notes, carrying amount	1,046,000	650,000
Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and cash equivalents, estimated fair value	112,528	83,376
Finance receivables, net, estimated fair value	3,167,798	3,167,813
Liabilities, Fair Value Disclosure [Abstract]
Interest-bearing deposits, estimated fair value	115,589	112,992
Revolving lines of credit, estimated fair value	1,437,715	1,060,251
Term loans, estimated fair value	442,500	450,000
Senior notes, estimated fair value	964,907	580,433
Convertible notes, estimated fair value	$ 0	$ 341,926

Fair Value (Fair Value Assets a

Fair Value (Fair Value Assets and Liabilities Measured on a Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets, Fair Value Disclosure [Abstract]
Debt Securities, Available-for-Sale	$ 59,470	$ 66,813
Derivative Asset	22,777	37,792
Liabilities:
Derivative Liability	20,403	19,120
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	0	0
Liabilities:
Derivative Liability	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	22,777	37,792
Liabilities:
Derivative Liability	20,403	19,120
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	0	0
Liabilities:
Derivative Liability	0	0
Government Bonds
Assets, Fair Value Disclosure [Abstract]
Debt Securities, Available-for-Sale	59,470	66,813
Government Bonds | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Debt Securities, Available-for-Sale	59,470	66,813
Government Bonds | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Debt Securities, Available-for-Sale	0	0
Government Bonds | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Debt Securities, Available-for-Sale	$ 0	$ 0

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Private Equity Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Private equity funds	$ 2.5	$ 4.4

Derivatives (Schedule of Deriva

Derivatives (Schedule of Derivatives by Balance Sheet Location) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 22,777	$ 37,792
Derivative Liability	$ 20,403	$ 19,120
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Interest rate contracts | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 21,770	$ 37,305
Derivative Liability	11,627	0
Foreign currency contracts | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Asset	1,007	487
Derivative Liability	$ 8,776	$ 19,120

Derivatives (Narrative) (Detail

Derivatives (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Minimum
Derivative [Line Items]
Derivative, Term of Contract	1 month
Maximum
Derivative [Line Items]
Derivative, Term of Contract	5 years
Designated as Hedging Instrument | Interest rate contracts
Derivative [Line Items]
Derivative, notional amount	$ 872.3	$ 719.7
Net derivative gain (loss) included in OCI to be reclassified next 12 months	13.2
Not Designated as Hedging Instrument | Foreign currency contracts
Derivative [Line Items]
Derivative, notional amount	$ 368.5	$ 460.8

Derivatives (Schedule of Effect

Derivatives (Schedule of Effects of Derivatives Designated as Cash Flow Hedging Instruments) (Details) - Interest rate contracts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (loss) recognized in OCI, net of tax	$ 468	$ 32,650	$ 17,961
Interest expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (loss) reclassified from OCI into income	$ 23,158	$ (976)	$ (12,722)

Derivatives (Schedule of Effe_2

Derivatives (Schedule of Effects of Derivatives Not Designated as Hedging Instruments) (Details) - Foreign currency contracts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Foreign exchange gain/(loss)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income	$ (10,330)	$ 38,808	$ 12,160
Interest expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income	$ 1,603	$ (364)	$ 406

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Reclassifications Out of AOCI) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income Tax Expense (Benefit)	$ (16,133)	$ 36,787	$ 54,817
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(66,754)	117,998	195,509
Interest expense, net	(181,724)	(130,677)	$ (124,143)
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member] | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income Tax Expense (Benefit)	(1,483)	451
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	21,675	(525)
Interest expense, net	$ 23,158	$ (976)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes in Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,286,750	$ 1,324,837	$ 1,358,837
Other comprehensive (loss)/income before reclassifications, net	39,702	(81,542)	(31,135)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(21,675)	525	10,017
Other comprehensive income/(loss) attributable to PRA Group, Inc.	18,027	(81,017)	(21,118)
Ending balance	1,239,376	1,286,750	1,324,837
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	(2,200)	(9,200)	(3,100)
Debt Securities Available-for-Sale
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(237)	(221)	127
Other comprehensive (loss)/income before reclassifications, net	302	(16)	(348)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0	0
Other comprehensive income/(loss) attributable to PRA Group, Inc.	302	(16)	(348)
Ending balance	65	(237)	(221)
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	27,804	(5,371)	(33,349)
Other comprehensive (loss)/income before reclassifications, net	468	32,650	17,961
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(21,675)	525	10,017
Other comprehensive income/(loss) attributable to PRA Group, Inc.	(21,207)	33,175	27,978
Ending balance	6,597	27,804	(5,371)
Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(375,493)	(261,317)	(212,569)
Other comprehensive (loss)/income before reclassifications, net	38,932	(114,176)	(48,748)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0	0
Other comprehensive income/(loss) attributable to PRA Group, Inc.	38,932	(114,176)	(48,748)
Ending balance	(336,561)	(375,493)	(261,317)
AOCI Attributable to Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(347,926)	(266,909)	(245,791)
Ending balance	$ (329,899)	$ (347,926)	$ (266,909)

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	3,800,000
Total tax benefit realized from share-based compensation	$ (1.6)	$ 6	$ 3.9
Forfeiture Rate for Share-Based Payment Arrangement	5%
Grant date fair value of shares vested	$ 11.2	9.5	10.8
Long-Term Incentive Programs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future compensation cost related to stock option	$ 1.7
Weighted average remaining life of nonvested shares (in years)	1 year
Grant date fair value of shares vested	$ 6	$ 6.3	$ 3.9
Forfeiture rate for share awards granted under LTI Programs (as a percent)	5%
Nonvested Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future compensation cost related to stock option	$ 11.3
Weighted average remaining life of nonvested shares (in years)	1 year 4 months 24 days
Nonvested Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options issued under the amended plan vesting period (in years)	1 year
Nonvested Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options issued under the amended plan vesting period (in years)	3 years

Share-Based Compensation (Nonve

Share-Based Compensation (Nonvested Share Transactions) (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance, shares	556	510	555
Granted, shares	482	351	312
Vested, shares	(278)	(269)	(320)
Cancelled, shares	(208)	(36)	(37)
Ending balance, shares	552	556	510
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (usd per share)	$ 40.23	$ 36.76	$ 34.23
Granted (usd per share)	32.90	41.64	38.14
Vested (usd per share)	40.14	35.41	33.80
Cancelled (usd per share)	41.08	40.85	36.06
Ending balance (usd per share)	$ 33.55	$ 40.23	$ 36.76
Long-Term Incentive Programs
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance, shares	355	407	392
Granted, shares	130	127	148
Adjustments for actual performance, shares	17	64	(10)
Vested, shares	(153)	(222)	(99)
Cancelled, shares	(191)	(21)	(24)
Ending balance, shares	158	355	407
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (usd per share)	$ 40.07	$ 34.01	$ 34.30
Granted (usd per share)	52.55	44.90	37.45
Adjustments for actual performance (usd per share)	39.04	28.28	39.40
Vested (usd per share)	39.47	28.28	39.40
Cancelled (usd per share)	46.58	40.45	35.31
Ending balance (usd per share)	$ 42.94	$ 40.07	$ 34.01

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 25, 2022
Equity, Class of Treasury Stock [Line Items]
Antidilutive options outstanding (in shares)	0	0	0
February 2022 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchases authorized amount				$ 150
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 67.7

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net Loss Attributable to PRA Group, Inc.	$ (83,477)	$ 117,147	$ 183,158
Weighted Average Common Shares, Basic EPS	39,177	39,638	44,960
Weighted Average Common Shares, Dilutive effect of nonvested share awards	0	250	370
Weighted Average Common Shares, Diluted EPS	39,177	39,888	45,330
Basic EPS (usd per share)	$ (2.13)	$ 2.96	$ 4.07
Dilutive effect of nonvested share awards (usd per share)	0	(0.02)	(0.03)
Diluted EPS (usd per share)	$ (2.13)	$ 2.94	$ 4.04

Income Taxes (Summary of Income

Income Taxes (Summary of Income Tax Expense Recognized) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current tax expense, Federal	$ 160	$ 8,797	$ 30,659
Current tax expense, State	1,697	385	5,397
Current foreign tax expense	17,953	26,998	11,958
Current tax expense, Total	19,810	36,180	48,014
Deferred tax (benefit)/expense, Federal	(25,921)	(2,848)	(3,056)
Deferred tax expense/(benefit), State	(7,956)	(386)	(323)
Deferred Foreign Income Tax (benefit)/Expense	(2,066)	3,841	10,182
Deferred tax (benefit)/expense, Total	(35,943)	607	6,803
Total income tax expense, Federal	(25,761)	5,949	27,603
Total income tax expense, State	(6,259)	(1)	5,074
Foreign Income Tax Expense, Continuing Operations	15,887	30,839	22,140
Income Tax Expense (Benefit), Total	$ (16,133)	$ 36,787	$ 54,817

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Net deferred tax asset	$ 57,643	$ 13,990
Valuation allowance	70,245	68,929
Unremitted earnings of foreign subsidiaries	217,300
Unrecognized tax benefits	105,704	101,703	$ 114,294	$ 110,425
Unrecognized benefit, if recognized, effect on effective tax rate	20,500	19,700
Accrued potential interest related to unrecognized tax benefits	3,900	$ 3,000
Foreign Tax Authority
Income Taxes [Line Items]
Operating loss carryforward, foreign subsidiaries	159,700
Valuation allowance of operating loss carryforwards, foreign subsidiaries	$ 58,000
Minimum | Foreign Tax Authority
Income Taxes [Line Items]
Operating loss carryforward, carryforward period	5 years
Maximum | Foreign Tax Authority
Income Taxes [Line Items]
Operating loss carryforward, carryforward period	20 years

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation of Expected Tax Expense At Statutory Tax Rates to Actual Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ (17,406)	$ 32,505	$ 52,568
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	(4,886)	(18)	4,303
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount	2,058	1,175	(4,449)
Effective Income Tax Rate Reconciliation, Tax Penalties	3,017	0	0
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-Based Payment Arrangement, Amount	117	3,025	2,212
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	967	100	183
Income Tax Expense (Benefit), Total	$ (16,133)	$ 36,787	$ 54,817
Effective tax rate	19.50%	23.80%	21.90%

Income Taxes (Summary of Compon

Income Taxes (Summary of Components of Net Deferred Tax Liability) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets, Gross [Abstract]
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation	$ 6,044	$ 5,177
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	159,699	126,549
Deferred Tax Assets, Interest	11,959	11,042
Deferred Tax Assets, Leasing Arrangements	8,615	10,667
Deferred Tax Assets, Other	2,561	0
Deferred Tax Assets, Valuation Allowance	(70,245)	(68,929)
Deferred Tax Assets, Gross, Total	118,633	84,506
Deferred Tax Liabilities, Gross [Abstract]
Deferred Tax Liabilities, Property, Plant and Equipment	(1,716)	(4,178)
Deferred Tax Liabilities, Goodwill and Intangible Assets	(6,053)	(5,118)
Deferred Tax Liabilities, Leasing Arrangements	(7,775)	(9,731)
Other	(7,711)	(12,234)
Deferred Tax Liabilities, Gross	(60,990)	(70,516)
Deferred Tax Assets, Net, Total	57,643	13,990
Foreign Tax Authority
Deferred Tax Liabilities, Gross [Abstract]
Deferred Tax Liabilities, Finance Receivable Revenue Recognition	(31,538)	(12,074)
Domestic Tax Authority
Deferred Tax Liabilities, Gross [Abstract]
Deferred Tax Liabilities, Finance Receivable Revenue Recognition	$ (6,197)	$ (27,181)

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance as of the beginning of year	$ 101,703	$ 114,294	$ 110,425
Additions, based on tax positions related to prior year	4,001		3,869
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions		(12,591)
Balance as of the end of year	$ 105,704	$ 101,703	$ 114,294

Commitments and Contingencies (

Commitments and Contingencies (Details) - CFPB Investigation - Settled Litigation $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Other Commitments [Line Items]
Litigation Settlement, Amount Awarded to Other Party	$ 12
Impacted Customers
Other Commitments [Line Items]
Litigation Settlement, Amount Awarded to Other Party	1.9
Litigation Settlement, Amount Awarded to Other Party, Redress Payment	$ 12.2

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Minimum eligible age to make voluntary contributions	18 years
Employee contribution, percentage of employee's compensation	100%
Employer contribution, percentage of employee's compensation	4%
Total compensation expense related to contribution plan	$ 7.2	$ 7.2	$ 6.5