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Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Comparison of the Carrying Value and Estimated Fair Value of Financial Instruments
A comparison of the carrying amount and estimated fair value of these financial instruments is as follows:

(In millions)As of September 30, 2021As of December 31, 2020
 Carrying
Amount
Estimated Fair
Value
Carrying
Amount
Estimated Fair
Value
Assets    
Cash and cash equivalents$13.3 $13.3 $16.0 $16.0 
Restricted cash and cash equivalents429.0 429.0 380.2 380.2 
Restricted securities available for sale67.1 67.1 66.1 66.1 
Loans receivable, net6,582.6 6,833.9 6,787.9 7,216.4 
Liabilities    
Revolving secured line of credit$72.2 $72.2 $95.9 $95.9 
Secured financing3,733.0 3,783.0 3,711.6 3,793.9 
Senior notes792.0 834.6 790.6 842.0 
Mortgage note9.9 9.9 10.5 10.5 
Schedule of Assets and Liabilities, Measured at Fair Value on a Recurring Basis
The following table provides the level of measurement used to determine the fair value for each of our financial instruments measured or disclosed at fair value:

(In millions)As of September 30, 2021
 Level 1Level 2Level 3Total Fair Value
Assets   
Cash and cash equivalents (1)$13.3 $— $— $13.3 
Restricted cash and cash equivalents (1)429.0 — — 429.0 
Restricted securities available for sale (2)53.7 13.4 — 67.1 
Loans receivable, net (1)— — 6,833.9 6,833.9 
Liabilities    
Revolving secured line of credit (1)$— $72.2 $— $72.2 
Secured financing (1)— 3,783.0 — 3,783.0 
Senior notes (1)834.6 — — 834.6 
Mortgage note (1)— 9.9 — 9.9 
(In millions)As of December 31, 2020
 Level 1Level 2Level 3Total Fair Value
Assets    
Cash and cash equivalents (1)$16.0 $— $— $16.0 
Restricted cash and cash equivalents (1)380.2 — — 380.2 
Restricted securities available for sale (2)52.8 13.3 — 66.1 
Loans receivable, net (1)— — 7,216.4 7,216.4 
Liabilities    
Revolving secured line of credit (1)$— $95.9 $— $95.9 
Secured financing (1)— 3,793.9 — 3,793.9 
Senior notes (1)842.0 — — 842.0 
Mortgage note (1)— 10.5 — 10.5 

(1)Measured at amortized cost with fair value disclosed.
(2)Measured at fair value on a recurring basis