XML 72 R44.htm IDEA: XBRL DOCUMENT v3.19.2
Long-Term Debt - Narrative (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Jun. 05, 2019
Dec. 31, 2018
Debt Instrument [Line Items]              
DSCR less than 1.20x - Rapid Amortization Event   120.00%   120.00%      
Interest-only DSCR less than 1.20x - Manager Termination Event   120.00%   120.00%      
Interest-only DSCR less than 1.10x - Default Event   110.00%   110.00%      
Debt issuance costs, gross   $ 12,900,000   $ 12,900,000      
Amortization of debt issuance costs       100,000      
Unamortized debt issuance costs   12,800,000   12,800,000     $ 9,700,000
Incurred cost       200,000      
Loss on extinguishment of debt   $ 8,276,000 $ 0 $ 8,276,000 $ 0    
Debt service coverage ratio   540000.00%   540000.00%      
Eurodollar [Member] | Letter of Credit [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate       1.00%      
Base Rate [Member] | Letter of Credit [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate       1.15%      
Federal Funds Rate [Member] | Letter of Credit [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate       0.50%      
Maximum              
Debt Instrument [Line Items]              
DSCR less than 1.75x - Cash Flow Sweeping Event   175.00%   175.00%      
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I              
Debt Instrument [Line Items]              
Debt interest rate (percent)   4.194%   4.194%     4.194%
Debt instrument, face amount           $ 700,000,000  
Ratio of indebtedness to net capital   460000.00%   460000.00%      
Make-whole premium   $ 38,000,000   $ 38,000,000      
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I | Forecast [Member]              
Debt Instrument [Line Items]              
Additional interest on fixed rate 5.00%            
Debt instrument, term 10 years            
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I | Ten Year United States Treasury Bill Rate [Member] | Forecast [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate 2.15%            
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I | Maximum              
Debt Instrument [Line Items]              
Ratio of indebtedness to net capital   525.00%   525.00%      
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II              
Debt Instrument [Line Items]              
Debt interest rate (percent)   4.723%   4.723%     4.723%
Debt instrument, face amount           $ 600,000,000  
Make-whole premium   $ 67,000,000   $ 67,000,000      
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II | Ten Year United States Treasury Bill Rate [Member] | Forecast [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate 2.64%            
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of ___% at June 30, 2019              
Debt Instrument [Line Items]              
Unamortized debt issuance costs   3,000,000.0   3,000,000.0      
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of ___% at June 30, 2019 | Revolving Credit Facility [Member]              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity   $ 225,000,000   $ 225,000,000      
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of ___% at June 30, 2019 | Letter of Credit [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate       2.15%      
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of ___% at June 30, 2019 | Eurodollar [Member] | Revolving Credit Facility [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate       2.15%      
Series 2014-1 4.277% Fixed Rate Senior Secured Notes, Class A-2              
Debt Instrument [Line Items]              
Debt interest rate (percent)   4.277%   4.277%     4.277%
Repayments of debt       $ 1,280,000,000      
Amortization of debt issuance costs   $ 600,000   1,400,000      
Loss on extinguishment of debt       8,300,000      
Series 2018-1 Variable Funding Senior Notes Class A-1, variable interest rate of 4.93% at December 31, 2018              
Debt Instrument [Line Items]              
Debt interest rate (percent)             4.93%
Line of credit facility, current borrowing capacity   222,800,000   222,800,000      
Repayments of notes payable       25,000,000.0      
Line of credit facility, amount outstanding   $ 25,000,000.0   $ 25,000,000.0      
Debt, weighted average interest rate   4.88%   4.88%      
Amortization of debt issuance costs   $ 200,000   $ 500,000      
Unamortized debt issuance costs   2,800,000   2,800,000      
Series 2018-1 Variable Funding Senior Notes Class A-1, variable interest rate of 4.93% at December 31, 2018 | Letter of Credit [Member]              
Debt Instrument [Line Items]              
Debt instrument, collateral amount   $ 2,200,000   $ 2,200,000