XML 76 R61.htm IDEA: XBRL DOCUMENT v3.3.1.900
Notes Payable (Narrative) (Details)
12 Months Ended
Jul. 02, 2013
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 03, 2014
USD ($)
Debt Instrument [Line Items]        
Loan maximum borrowing capacity $ 200,000,000      
Revolving credit facility term 5 years      
Unsecured credit facility [1]   $ 150,000,000 $ 150,000,000  
Secured debt, other   $ 120,000,000 $ 120,000,000  
Minimum [Member]        
Debt Instrument [Line Items]        
Advance rate used to calculate collateral requirement   75.00%    
Maximum [Member]        
Debt Instrument [Line Items]        
Advance rate used to calculate collateral requirement   100.00%    
Bank Of America [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate   0.40%    
Secured debt, other   $ 20,000,000    
Union Bank [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate   0.40%    
AIS [Member]        
Debt Instrument [Line Items]        
Secured debt, other   $ 120,000,000    
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Loan maximum borrowing capacity $ 200,000,000     $ 250,000,000
Revolving credit facility term 5 years      
Commitment fee on undrawn portion of facility   0.125%    
Unsecured credit facility   $ 150,000,000    
Interest rate at period end   1.53%    
Revolving Credit Facility [Member] | Minimum [Member]        
Debt Instrument [Line Items]        
Debt to total capital ratio 0.15      
Commitment fee on undrawn portion of facility 0.125%      
Revolving Credit Facility [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Debt to total capital ratio 0.25      
Commitment fee on undrawn portion of facility 0.225%      
Revolving Credit Facility [Member] | LIBOR [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate   1.125%    
Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.125%      
Debt to total capital ratio 0.15      
Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.625%      
Debt to total capital ratio 0.25      
[1] On July 2, 2013, the Company entered into an unsecured $200 million five-year revolving credit facility. The interest rate on borrowings under the credit facility is based on the Company's debt to total capital ratio and ranges from LIBOR plus 112.5 basis points when the ratio is under 15% to LIBOR plus 162.5 basis points when the ratio is above 25%. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 15% to 22.5 basis points when the ratio is above 25%. Debt to capital ratio is expressed as a percentage of (i) consolidated debt to (ii) consolidated shareholders' equity plus consolidated debt. Effective December 3, 2014, the Company extended the maturity date of the unsecured credit facility from June 30, 2018 to December 3, 2019, and expanded the borrowing capacity from $200 million to $250 million. In 2015 and 2014, the interest rate was LIBOR plus 112.5 basis points on the $150 million of borrowings and 12.5 basis points on the undrawn portion of the credit facility. The interest rate was approximately 1.53% at December 31, 2015.