XML 36 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Of Financial Instruments [Abstract]  
Schedule Of Comparison Of The Carrying Value And Estimated Fair Value Of These Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

   

 

As of March 31, 2013

 

 

As of December 31, 2012

 

   

 

Carrying Amount

 

 

Estimated Fair Value

 

 

Carrying Amount

 

 

Estimated Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

7.8 

 

 

$

7.8 

 

 

$

9.0 

 

 

$

9.0 

 

Restricted cash and cash equivalents

 

 

116.3 

 

 

 

116.3 

 

 

 

92.4 

 

 

 

92.4 

 

Restricted securities available for sale

 

 

47.5 

 

 

 

47.5 

 

 

 

46.1 

 

 

 

46.1 

 

Net investment in Loans receivable

 

 

2,028.6 

 

 

 

2,044.7 

 

 

 

1,933.5 

 

 

 

1,951.4 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving secured line of credit

 

$

115.9 

 

 

$

115.9 

 

 

$

43.5 

 

 

$

43.5 

 

Secured financing

 

 

885.8 

 

 

 

872.8 

 

 

 

853.0 

 

 

 

863.0 

 

Mortgage note

 

 

4.0 

 

 

 

4.0 

 

 

 

4.0 

 

 

 

4.0 

 

Senior notes

 

 

350.3 

 

 

 

380.6 

 

 

 

350.3 

 

 

 

381.9 

 

 

Schedule Of Assets And Liabilities, Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

   

As of March 31, 2013

 

   

Level 1

 

Level 2

 

Level 3

 

Total Fair Value

 

Assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

7.8 

 

$

 

$

 

$

7.8 

 

Restricted cash and cash equivalents

 

116.3 

 

 

 

 

 

 

116.3 

 

Restricted securities available for sale

 

27.6 

 

 

19.9 

 

 

 

 

47.5 

 

Net investment in Loans receivable

 

 

 

 

 

2,044.7 

 

 

2,044.7 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Revolving secured line of credit

$

 

$

115.9 

 

$

 

$

115.9 

 

Secured financing

 

 

 

872.8 

 

 

 

 

872.8 

 

Mortgage note

 

 

 

4.0 

 

 

 

 

4.0 

 

Senior notes

 

380.6 

 

 

 

 

 

 

380.6 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

   

As of December 31, 2012

 

   

Level 1

 

Level 2

 

Level 3

 

Total Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

9.0 

 

$

 

$

 

$

9.0 

 

Restricted cash and cash equivalents

 

92.4 

 

 

 

 

 

 

92.4 

 

Restricted securities available for sale

 

27.3 

 

 

18.8 

 

 

 

 

46.1 

 

Net investment in Loans receivable

 

 

 

 

 

1,951.4 

 

 

1,951.4 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Revolving secured line of credit

$

 

$

43.5 

 

$

 

$

43.5 

 

Secured financing

 

 

 

863.0 

 

 

 

 

863.0 

 

Mortgage note

 

 

 

4.0 

 

 

 

 

4.0 

 

Senior notes

 

381.9 

 

 

 

 

 

 

381.9