Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of Comparison of the Carrying Value and Estimated Fair Value of Financial Instruments

A comparison of the carrying value and estimated fair value of these financial instruments is as follows:

(In millions)
	As of June 30, 2017				As of December 31, 2016
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash and cash equivalents	$	27.2	$	27.2	$	14.6	$	14.6
Restricted cash and cash equivalents	313.9		313.9		224.7		224.7
Restricted securities available for sale	46.5		46.5		45.3		45.3
Loans receivable, net	4,283.6		4,361.0		3,886.6		3,955.9
Liabilities
Secured financing	$	2,472.3	$	2,489.3	$	2,062.4	$	2,072.0
Senior notes	542.1		567.1		541.3		560.5

Schedule of Assets and Liabilities, Measured at Fair Value on a Recurring Basis

:

(In millions)
	As of June 30, 2017
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash and cash equivalents	$	27.2	$	—	$	—	$	27.2
Restricted cash and cash equivalents	313.9		—		—		313.9
Restricted securities available for sale (1)	37.5		9.0		—		46.5
Loans receivable, net	—		—		4,361.0		4,361.0
Liabilities
Secured financing	$	—	$	2,489.3	$	—	$	2,489.3
Senior notes	567.1		—		—		567.1

(In millions)
	As of December 31, 2016
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash and cash equivalents	$	14.6	$	—	$	—	$	14.6
Restricted cash and cash equivalents	224.7		—		—		224.7
Restricted securities available for sale (1)	37.1		8.2		—		45.3
Loans receivable, net	—		—		3,955.9		3,955.9
Liabilities
Secured financing	$	—	$	2,072.0	$	—	$	2,072.0
Senior notes	560.5		—		—		560.5

(1) Measured and recorded at fair value on a recurring basis.