ASSET ACCEPTANCE CAPITAL CORP (AACC) [Rocket]

In millions, except per share items	Mar-31-13	Dec-31-12	Sep-30-12	Jun-30-12	Mar-31-12	Dec-31-11	Sep-30-11	Jun-30-11
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues
Purchased receivable revenues, net	55.0		54.4	58.5	61.6		56.3	54.4
Other revenues, net	0.2		0.3	0.2	0.2		0.3	0.3
Total revenues	55.2	51.7	54.7	58.7	61.8	56.4	56.6	54.7
Total revenues growth	-10.7%	-8.3%	-3.4%	7.3%	22.7%	18.8%	16.8%	7.4%
Expenses
Salaries and benefits	14.2		14.4	15.2	16.3		16.9	16.8
Collections expense	28.1		28.9	28.5	27.3		26.1	24.0
Occupancy	1.3		1.5	1.4	1.4		1.5	1.4
Administrative	2.2		2.3	2.3	1.9		3.2	2.3
Depreciation and amortization	1.0		1.2	1.2	1.3		0.9	1.0
Restructuring charges	0.1		0.3	0.0	0.1
(Gain) loss on disposal of equipment and other assets	0.0	-0.2			0.0	0.0
Total operating expenses	47.0		48.6	48.4	48.3		48.5	45.5
Income from operations	8.2		6.1	10.3	13.5		8.1	9.2
Operating margin	14.9%		11.2%	17.5%	21.8%		14.3%	16.8%

Other income (expense)
Merger transaction expense	-1.9
Interest expense	-4.9		-5.1	-5.4	-5.3		-2.6	-2.6
Interest income	0.0		0.0	0.0	0.0		0.0	0.0
Other	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income before income taxes	1.4	-0.1	1.0	4.9	8.2	6.2	5.5	6.5
Income tax expense	1.0		-0.5	1.2	2.8		2.4	2.9
Tax rate	70.8%	0.0%		24.8%	33.9%	0.0%	43.9%	43.9%
Net income	0.4		1.5	3.7	5.4		3.1	3.7

Weighted-average number of shares:
Basic	30.9		30.9	30.9	30.8		30.8	30.8
Diluted	31.1		31.2	31.1	30.9		30.8	30.8

Earnings per common share outstanding:
Basic	$0.01		$0.05	$0.12	$0.18		$0.10	$0.12
Diluted	$0.01		$0.05	$0.12	$0.18		$0.10	$0.12