| Financial Disclosures About Fair Value Of Financial Instruments |
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Fair Value Measurements Using
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Quoted prices
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Carrying
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in Active
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Significant
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Amount
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Fair Value
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Markets
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Other
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Significant
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As of
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As of
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for Identical
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Observable
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Unobservable
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March 31,
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March 31,
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Assets
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Inputs
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Inputs
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2018
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2018
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(Level 1)
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(Level 2)
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(Level 3)
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Financial assets:
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Cash and cash equivalents
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$
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349,945
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349,945
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349,945
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-
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-
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Restricted cash
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48,386
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48,386
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48,386
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-
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-
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Loans receivable (1)
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7,634
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9,183
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-
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-
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9,183
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Notes receivable, net
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424,117
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510,000
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-
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-
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510,000
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Financial liabilities:
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Receivable-backed notes payable
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$
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413,334
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416,300
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-
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-
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416,300
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Notes payable and other borrowings
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125,324
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129,559
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-
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-
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129,559
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Junior subordinated debentures
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135,725
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130,500
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-
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-
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130,500
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Redeemable 5% cumulative preferred stock
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9,232
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9,053
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-
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-
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9,053
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Fair Value Measurements Using
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Quoted prices
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Carrying
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in Active
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Significant
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Amount
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Fair Value
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Markets
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Other
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Significant
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As of
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As of
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for Identical
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Observable
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Unobservable
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December 31,
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December 31,
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Assets
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Inputs
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Inputs
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2017
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2017
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(Level 1)
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(Level 2)
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(Level 3)
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Financial assets:
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Cash and cash equivalents
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$
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362,526
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362,526
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362,526
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-
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-
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Restricted cash
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46,721
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46,721
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46,721
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-
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-
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Loans receivable (1)
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19,454
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21,125
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-
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-
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21,125
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Notes receivable, net
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426,858
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525,000
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-
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-
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525,000
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Notes receivable from preferred
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shareholders (1)
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5,000
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5,000
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-
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-
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5,000
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Financial liabilities:
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Receivable-backed notes payable
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$
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421,118
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425,900
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-
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-
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425,900
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Notes payable and other borrowings
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144,114
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149,438
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-
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-
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149,438
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Junior subordinated debentures
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135,414
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132,000
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-
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-
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132,000
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Redeemable 5% cumulative preferred stock
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13,974
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13,977
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-
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-
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13,977
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(1)
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Included in other assets in the Company’s Condensed Consolidated Statements of Financial Condition as of March 31, 2018 and December 31, 2017.
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