XML 36 R60.htm IDEA: XBRL DOCUMENT v3.20.1
Debt Arrangements - Additional Information (Detail)
1 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2020
USD ($)
$ / shares
Mar. 30, 2020
USD ($)
Feb. 22, 2019
d
Mar. 14, 2018
USD ($)
Feb. 22, 2018
USD ($)
d
Nov. 02, 2017
USD ($)
Oct. 27, 2017
USD ($)
Aug. 18, 2017
USD ($)
Aug. 02, 2017
USD ($)
Nov. 29, 2012
USD ($)
Feb. 28, 2015
USD ($)
Mar. 31, 2020
USD ($)
$ / shares
Mar. 31, 2019
USD ($)
Sep. 30, 2017
USD ($)
Dec. 31, 2019
USD ($)
Jul. 31, 2019
Mar. 14, 2019
USD ($)
Feb. 12, 2018
USD ($)
Nov. 24, 2017
USD ($)
Oct. 26, 2017
USD ($)
Jul. 31, 2017
USD ($)
Jun. 21, 2013
USD ($)
Debt Instrument [Line Items]                                            
Principal amount of long term debt             $ 240,700,000                              
Debt instrument, Maturity Date                       2043-01                    
Debt service coverage ratio                         110.00%                  
Repayment of remaining outstanding principal balance $ 5,000,000           $ 231,000,000                              
Current portion of long-term debt 32,255,000                     $ 32,255,000     $ 61,976,000              
Restricted cash 9,052,000                     9,052,000     15,946,000              
Leverage ratio             450.00%                              
Net proceeds from Permitted Capital Raising Transactions             $ 100,000,000                              
Debt issue discount costs             9,300,000                              
Deferred financing costs             $ 5,400,000                              
Percentage of repayment from net proceeds of asset sale   75.00%                                        
Maximum amount of proceeds from asset sales to be used to pay the obligation   $ 5,000,000                                        
Long term debt, fair value 46,485,000                     46,485,000     47,277,000              
Principal outstanding balance [1],[2] $ 634,987,000                     $ 634,987,000     645,721,000              
Maximum                                            
Debt Instrument [Line Items]                                            
Leverage ratio             575.00%                              
Aggregate amount of term loan facility             $ 165,700,000                              
5.75% Senior Subordinated Notes Due August 2023                                            
Debt Instrument [Line Items]                                            
Percentage of conversion of convertible notes 5.75%                     5.75% 5.75%       5.75%          
MG Icon                                            
Debt Instrument [Line Items]                                            
Equity ownership percentage                   50.00%                        
Hardy Way, LLC                                            
Debt Instrument [Line Items]                                            
Joint venture ownership percentage                   85.00%                        
Zoo York brand                                            
Debt Instrument [Line Items]                                            
Ownership Percentage                   100.00%                        
IBG Borrower                                            
Debt Instrument [Line Items]                                            
Termination of license generating with minimum royalty guarantees                 $ 500,000                          
IBG Borrower | Minimum                                            
Debt Instrument [Line Items]                                            
Asset coverage ratio, minimum                 125.00%                          
IBG Borrower | Maximum                                            
Debt Instrument [Line Items]                                            
Leverage ratio                 450.00%                          
2012 Senior Secured Notes                                            
Debt Instrument [Line Items]                                            
Principal amount of long term debt                   $ 600,000,000                        
Percentage of conversion of convertible notes                   4.229%                        
Debt instrument, quarterly payment                   $ 10,500,000                        
Debt instrument, frequency of payment                       quarterly                    
Variable Funding Notes                                            
Debt Instrument [Line Items]                                            
Principal amount of long term debt                   100,000,000                        
Net proceeds received from issuance of debt                     $ 100,000,000                      
Line of credit, outstanding $ 100,000,000                     $ 100,000,000                    
Debt Instrument anticipated repayment year and month               2020-01                            
L/C commitment and the swingline commitment               $ 0                            
2013 Senior Secured Notes                                            
Debt Instrument [Line Items]                                            
Principal amount of long term debt                                           $ 275,000,000
Percentage of conversion of convertible notes                                           4.352%
Debt instrument, quarterly payment                   $ 4,800,000                        
Debt instrument, frequency of payment                       quarterly                    
Senior Secured Notes                                            
Debt Instrument [Line Items]                                            
Principal amount of long term debt 430,600,000                     $ 430,600,000     438,100,000              
Debt instrument, Maturity Date                       2043-01                    
Debt instrument description of interest                       The Company did not repay or refinance the Securitization Notes prior to the anticipated repayment date, and as a result, during the first quarter of 2020, additional interest began accruing on amounts outstanding under the Securitization Notes at a rate equal to (A) in respect of the Variable Funding Notes, 5% per annum, (B) in respect of the 2012 Senior Secured Notes and the 2013 Senior Secured Notes, the greater of (1) 5% per annum and (2) a per annum interest rate equal to the excess, if any, by which the sum of (x) the yield to maturity (adjusted to a quarterly bond-equivalent basis), on the anticipated repayment date of the United States treasury security having a term closest to 10 years plus (y) 5% per annum plus (z) with respect to the 2012 Senior Secured Notes, 3.4% per annum, or with respect to the 2013 Senior Secured Notes, 3.14% per annum, exceeds the original interest rate.                    
Additional interest rate                       5.00%                    
Anticipated repayment date                       10 years                    
Repayment of remaining outstanding principal balance                       $ 0                    
Mandatory principal prepayment                                         $ 152,200,000  
Current portion of long-term debt 13,000,000                     13,000,000     42,700,000              
Restricted cash $ 8,100,000                     8,100,000     14,900,000              
Interest expense for convertible notes                       4,600,000 $ 5,400,000                  
Long-term accrued interest expense for convertible notes                       4,300,000 0                  
Non cash additional interest expense on convertible notes                       $ 1,100,000 $ 1,700,000                  
Debt instrument, interest rate, effective percentage 5.30%                     5.30% 5.30%                  
2012 Senior Secured Notes                                            
Debt Instrument [Line Items]                                            
Excess interest rate on original interest rate                       3.40%                    
2013 Senior Secured Notes                                            
Debt Instrument [Line Items]                                            
Excess interest rate on original interest rate                       3.14%                    
Senior Secured Term Loan                                            
Debt Instrument [Line Items]                                            
Principal amount of long term debt $ 170,800,000           57,800,000   $ 300,000,000     $ 170,800,000               $ 300,000,000    
Current portion of long-term debt 19,300,000                     19,300,000     19,300,000              
Interest expense for convertible notes                       4,000,000 $ 4,500,000                  
Non cash additional interest expense on convertible notes                       1,400,000 $ 1,300,000                  
Maturity date of credit agreement                 Aug. 02, 2022                          
Margin applied to LIBOR                 7.00%                          
Percentage of principal debt quarterly amortization                 0.50%                          
Principal debt quarterly amortization commencement date                 Sep. 30, 2017                          
Debt issue discount costs                       11,900,000     13,200,000              
Estimated principal payments                                     $ 12,000,000      
Interest rate increase additional per annum       3.00%                                    
Payment of unpaid principal and accrued interest of lenders       50.00%                                    
Principal amount of long term debt 158,900,000                     158,900,000     162,400,000              
Senior Secured Term Loan | IBG Borrower                                            
Debt Instrument [Line Items]                                            
Equity ownership percentage       35.00%                                    
Premium percentage of aggregate principal amount first year loan       5.00%                                    
Premium percentage of aggregate principal amount second year loan       3.00%                                    
Convertible Notes                                            
Debt Instrument [Line Items]                                            
Percentage of conversion of convertible notes                           1.50%                
Cash from escrow deposit returned to lenders             231,000,000                              
Payment from Escrow Account to acquire convertible notes                           $ 59,200,000                
Debt conversion original debt amount                       0                    
Convertible Notes | 1.50% Senior Subordinated Notes Due March 15, 2018                                            
Debt Instrument [Line Items]                                            
Principal amount of long term debt         $ 125,000,000                                  
Percentage of conversion of convertible notes         1.50%       1.50%                          
Convertible Notes | 5.75% Senior Subordinated Notes Due August 2023                                            
Debt Instrument [Line Items]                                            
Principal amount of long term debt $ 94,400,000       $ 125,000,000             $ 94,400,000     $ 94,400,000              
Percentage of conversion of convertible notes 5.75%   5.75%   5.75%             5.75% 5.75%   5.75%              
Interest expense for convertible notes                       $ 1,400,000 $ 1,500,000                  
Maturity date of credit agreement         Aug. 15, 2023                                  
Debt instrument, conversion rate                       52.1919                    
Principal amount of each convertible note $ 1,000                     $ 1,000                    
Convertible notes, initial conversion price per share | $ / shares $ 19.16                     $ 19.16                    
Debt instrument convertible conversion price as percentage upon automatic conversion         5.75%                                  
Debt instrument convertible conversion price as percentage upon mandatory conversion         5.75%                                  
Debt instrument, convertible, threshold trading days | d         10                                  
Volume weighted average price description                       If the Company elects to pay all or a portion of a Conversion Make-Whole Payment in shares of common stock, the number of shares of common stock payable will be equal to the applicable Conversion Make-Whole Payment divided by the average of the 10 individual volume-weighted average prices for the 10-trading day period immediately preceding the applicable conversion date.                    
Debt instrument, convertible, threshold consecutive trading days | d     30                                      
Debt instrument, redemption price, percentage     100.00%   100.00%                                  
Debt instrument, redemption, description                       each holder will have the right, at its option, to require the Company to repurchase for cash all or a portion of such holder’s 5.75% Convertible Notes at a fundamental change purchase price equal to 100% of the principal amount of the 5.75% Convertible Notes to be repurchased, together with interest accrued and unpaid to, but excluding, the fundamental change purchase date.                    
Debt instrument, restrictive covenants                       The Company is subject to certain restrictive covenants pursuant to the 5.75% Convertible Note Indenture, including limitations on (i) liens, (ii) indebtedness, (iii) asset sales, (iv) restricted payments and investments, (v) prepayments of indebtedness and (vi) transactions with affiliates.                    
Long term debt, fair value $ 46,500,000                     $ 46,500,000     $ 47,300,000              
Principal outstanding balance 94,400,000                     94,400,000     94,400,000              
Convertible Notes | 5.75% Senior Subordinated Notes Due August 2023 | Fair Value Option                                            
Debt Instrument [Line Items]                                            
Long term debt, fair value $ 46,500,000                     $ 46,500,000     $ 47,300,000              
First Delayed Draw Term Loan                                            
Debt Instrument [Line Items]                                            
Aggregate amount of term loan facility           $ 25,000,000 $ 25,000,000                              
Debt issue discount costs           1,000,000                                
Aggregate amount of term loan received in cash           $ 24,000,000                                
Second Delayed Draw Term Loan                                            
Debt Instrument [Line Items]                                            
Aggregate amount of term loan facility                                 $ 140,700,000          
Second Delayed Draw Term Loan | 1.50% Senior Subordinated Notes Due March 15, 2018                                            
Debt Instrument [Line Items]                                            
Percentage of conversion of convertible notes       1.50%                                    
Maturity date of credit agreement       Mar. 15, 2018                                    
Aggregate amount of term loan facility       $ 110,000,000                                    
Senior Secured Term Loan Due 2022 | Minimum                                            
Debt Instrument [Line Items]                                            
Amortization rate per annum             2.00%                              
Senior Secured Term Loan Due 2022 | Maximum                                            
Debt Instrument [Line Items]                                            
Amortization rate per annum                               10.00%            
5.75% Senior Subordinated Notes Due August 2023                                            
Debt Instrument [Line Items]                                            
Estimated principal payments                                   $ 6,100,000        
5.75% Senior Subordinated Notes Due August 2023 | Maximum                                            
Debt Instrument [Line Items]                                            
Percentage of conversion of convertible notes                                   5.75%        
[1] Carrying amounts include aggregate unamortized debt discount and debt issuance costs.
[2] Includes the 5.75% Convertible Notes accounted for under the fair value option. See to Note 6.