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 [+]	220.3	226.9	231.6	233.5	229.5	218.1	209.2	201.0
Financial services	167.9		174.5	176.4	172.3		207.5	198.5
Other	0.7		0.7	0.8	0.8		1.3	1.6
Revenue growth	-4.0%	4.1%	10.7%	16.2%	16.4%	9.9%	23.3%	19.0%
Cost of goods sold [+]	62.9	65.1	67.4	69.9	71.6	73.2	73.3	75.1
Labor costs	43.8		45.9	48.4	50.1		67.5	69.0
Occupancy costs	4.2		4.3	4.3	4.3		5.9	6.1
Gross profit	157.4	161.8	164.3	163.6	157.9	144.9	135.8	125.9
Gross margin	71.5%	71.3%	70.9%	70.1%	68.8%	66.4%	64.9%	62.6%
Selling, general and administrative	9.2	8.9	8.4	9.2	9.1	9.0	11.0	9.9
Other operating expenses	114.6	113.8	110.7	107.8	103.5	99.9	101.5	98.8
EBITDA [+]	34.7	40.3	46.3	47.8	46.5	37.1	23.3	17.2
EBITDA growth	-25.3%	8.4%	98.5%	178.0%	277.8%	233.7%	-245.4%	-200.4%
EBITDA margin	15.8%	17.8%	20.0%	20.5%	20.3%	17.0%	11.2%	8.6%
Depreciation and amortization	4.5	4.8	4.8	4.6	4.4	4.2	4.2	4.4
EBIT [+]	30.3	35.5	41.5	43.2	42.1	33.0	19.2	12.8
EBIT growth	-28.1%	7.6%	116.6%	237.8%	442.4%	410.2%	-192.6%	-158.9%
EBIT margin	13.7%	15.6%	17.9%	18.5%	18.3%	15.1%	9.2%	6.4%
Non-recurring items [+]	0.8	0.7	0.4	0.2	0.2	0.1
Loss (gain) on sale of assets	-0.2	-0.2			0.0	0.0
Interest expense, net [+]	20.3	20.7	19.6	17.1	14.4	11.8	10.6	11.0
Interest expense	20.4	20.8	19.7	17.2	14.4	11.8	10.6	11.0
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other income (expense), net [+]	-2.0	0.0	-1.1	-1.1	-1.1	-1.1	0.0	0.0
Gain (loss) on debt retirement						-1.1
Other	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pre-tax income	7.2	14.1	20.3	24.8	26.4	20.0	4.4	-3.6
Income taxes	1.3	3.1	5.4	8.4	10.0	8.0	3.6	-5.6
Tax rate	18.4%	22.4%		33.8%	38.0%	39.9%	81.3%	155.7%
Net income	5.9	10.9	14.9	16.4	16.4	12.0	0.8	2.0
Net margin	2.7%	4.8%	6.4%	7.0%	7.1%	5.5%	0.4%	1.0%

Basic EPS [+]	$0.19	$0.35	$0.48	$0.53	$0.53	$0.39	$0.03	$0.07
Growth	-64.2%	-9.6%	1706.0%	720.0%	-1941.0%	-842.4%	-105.5%	-109.6%
Diluted EPS [+]	$0.19	$0.35	$0.48	$0.53	$0.53	$0.39	$0.03	$0.06
Growth	-64.3%	-9.8%	1701.3%	718.9%	-1940.2%	-841.7%	-105.5%	-109.6%

Shares outstanding (basic) [+]	30.9	30.9	30.8	30.8	30.8	30.8	30.7	30.7
Growth	0.4%	0.4%	0.3%	0.3%	0.2%	0.2%	0.2%	0.2%
Shares outstanding (diluted) [+]	31.1	31.0	31.0	30.9	30.8	30.8	30.8	30.8
Growth	0.8%	0.7%	0.6%	0.4%	0.3%	0.3%	0.2%	0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.