Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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 September 30, 2017				As of December 31, 2016
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash and cash equivalents	$	4.9	$	4.9	$	14.6	$	14.6
Restricted cash and cash equivalents	273.6		273.6		224.7		224.7
Restricted securities available for sale	46.1		46.1		45.3		45.3
Loans receivable, net	4,451.4		4,536.9		3,886.6		3,955.9
Liabilities
Revolving secured line of credit	$	130.5	$	130.5	$	—	$	—
Secured financing	2,327.9		2,348.5		2,062.4		2,072.0
Senior notes	542.4		569.0		541.3		560.5

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

:

(In millions)
	As of September 30, 2017
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash and cash equivalents	$	4.9	$	—	$	—	$	4.9
Restricted cash and cash equivalents	273.6		—		—		273.6
Restricted securities available for sale (1)	36.9		9.2		—		46.1
Loans receivable, net	—		—		4,536.9		4,536.9
Liabilities
Revolving secured line of credit	$	130.5	$	—	$	—	$	130.5
Secured financing	—		2,348.5		—		2,348.5
Senior notes	569.0		—		—		569.0

(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
Revolving secured line of credit	$	—	$	—	$	—	$	—
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.