XML 106 R74.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt Obligations (Details Textual) (USD $)
In Millions, unless otherwise specified
1 Months Ended 9 Months Ended
Mar. 31, 2007
Jul. 31, 2005
Dec. 29, 2012
Mar. 22, 2007
Jul. 12, 2005
Debt Obligations (Textual) [Abstract]          
Issuance Dates Mar. 22, 2007 Jul. 12, 2005      
Total amount of loans included in initial securitization       $ 116.5 $ 141.0
Total amount of bonds issued to fund initial securitization       101.9 118.4
Expected weighted average maturity 4 years 10 months 10 days 4 years 7 months 28 days      
Provisions for acceleration of debt repayment     CountryPlace’s securitized debt is subject to provisions which may require acceleration of debt repayment. If cumulative loss ratios exceed levels specified in the respective pooling and servicing agreements for the 2005-1 and 2007-1 securitizations, repayment of the principal of the related Class A bonds is accelerated until cumulative loss ratios return to specified levels. During periods when cumulative loss ratios exceed the specified levels, cash collections from the securitized loans in excess of servicing fees payable to CountryPlace and amounts owed to the Class A bondholders, trustee, and surety are applied to reduce the debt. However, principal repayment of the securitized debt, including accelerated amounts, is payable only from cash collections from the securitized loans and no additional sources of repayment are required or permitted. As of September 30, 2012, the cumulative loss ratio was within the specified level for the 2005-1 securitized portfolio; however, the cumulative loss ratio for the 2007-1 securitized portfolio exceeded the specified level. The resulting acceleration of securitized debt repayment has not had a materially adverse impact on our cash flows. This specified level subsequently increased in October 2012, ameliorating the situation;    
Bonds maturity term 2008 through 2017 2006 through 2015      
Class A-1 [Member]
         
Debt Instrument [Line Items]          
Amount of bonds       28.9 36.3
Coupon rate       5.484% 4.23%
Class A-2 [Member]
         
Debt Instrument [Line Items]          
Amount of bonds       23.4 27.4
Coupon rate       5.232% 4.42%
Class A-3 [Member]
         
Debt Instrument [Line Items]          
Amount of bonds       24.5 27.3
Coupon rate       5.593% 4.80%
Class A-4 [Member]
         
Debt Instrument [Line Items]          
Amount of bonds       $ 25.1 $ 27.4
Coupon rate       5.846% 5.20%