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	167.9		174.5	176.4	172.3		207.5	198.5
Other revenues, net	0.7		0.7	0.8	0.8		1.3	1.6
Total revenues	168.6	175.2	175.2	177.2	173.1	161.7	209.2	201.0
Total revenues growth	-2.6%	8.4%	-16.2%	-11.9%	-12.2%	10.1%	23.3%	19.0%
Expenses
Salaries and benefits	43.8		45.9	48.4	50.1		67.5	69.0
Collections expense	85.6		84.8	81.9	77.4		102.6	99.8
Occupancy	4.2		4.3	4.3	4.3		5.9	6.1
Administrative	6.9		6.5	7.3	7.3		11.0	9.9
Depreciation and amortization	3.3		3.7	3.4	3.3		4.2	4.4
Restructuring charges	0.4		0.4	0.1	0.1
(Gain) loss on disposal of equipment and other assets	-0.2	-0.2			0.0	0.0
Total operating expenses	144.0		145.3	145.3	142.4		194.1	193.6
Income from operations	24.6		29.9	31.9	30.8		15.0	7.4
Operating margin	14.6%		17.1%	18.0%	17.8%		7.2%	3.7%

Other income (expense)
Interest expense	-15.4		-15.8	-13.3	-10.6		-10.6	-11.0
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	7.3	14.2	14.2	18.6	20.2	13.8	4.4	-3.6
Income tax expense	1.7		3.5	6.4	8.1		3.6	-5.6
Tax rate	22.6%	24.5%		34.4%	39.8%	43.5%	81.3%	155.7%
Net income	5.6		10.7	12.2	12.2		0.8	2.0

Weighted-average number of shares:
Basic	23.2		23.2	23.1	23.1		30.7	30.7
Diluted	23.3		23.3	23.2	23.1		30.8	30.8

Earnings per common share outstanding:
Basic	$0.18		$0.35	$0.40	$0.40		$0.03	$0.07
Diluted	$0.18		$0.35	$0.40	$0.40		$0.04	$0.08