Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.10.0.1
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Measurement [Abstract]  
Financial Disclosures About Fair Value Of Financial Instruments









 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

 

 

Fair Value Measurements Using



 

 

 

 

Quoted prices

 

 



 

Carrying

 

 

in Active

Significant

 



 

Amount

 

Fair Value

Markets

Other

Significant



 

As of

 

As of

for Identical

Observable

Unobservable



 

June 30,

 

June 30,

Assets

Inputs

Inputs



 

2018

 

2018

(Level 1)

(Level 2)

(Level 3)

Financial assets:

 

 

 

 

 

 

 

Cash and cash equivalents

$

380,447 

 

380,447  380,447 

 -

 -

Restricted cash

 

54,471 

 

54,471  54,471 

 -

 -

Loans receivable (1)

 

6,413 

 

7,576 

 -

 -

7,576 

Notes receivable, net

 

429,647 

 

520,000 

 -

 -

520,000 



 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

Receivable-backed notes payable

$

427,094 

 

424,200 

 -

 -

424,200 

Notes payable and other borrowings

 

219,615 

 

223,296 

 -

 -

223,296 

Junior subordinated debentures

 

135,974 

 

138,000 

 -

 -

138,000 

Redeemable 5% cumulative preferred stock

 

9,310 

 

9,053 

 -

 -

9,053 









 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

 

 

Fair Value Measurements Using



 

 

 

 

Quoted prices

 

 



 

Carrying

 

 

in Active

Significant

 



 

Amount

 

Fair Value

Markets

Other

Significant



 

As of

 

As of

for Identical

Observable

Unobservable



 

December 31,

 

December 31,

Assets

Inputs

Inputs



 

2017

 

2017

(Level 1)

(Level 2)

(Level 3)

Financial assets:

 

 

 

 

 

 

 

Cash and cash equivalents

$

362,526 

 

362,526  362,526 

 -

 -

Restricted cash

 

46,721 

 

46,721  46,721 

 -

 -

Loans receivable (1)

 

19,454 

 

21,125 

 -

 -

21,125 

Notes receivable, net

 

426,858 

 

525,000 

 -

 -

525,000 

Notes receivable from preferred

 

 

 

 

 

 

 

shareholders (2)

 

5,000 

 

5,000 

 -

 -

5,000 



 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

Receivable-backed notes payable

$

421,118 

 

425,900 

 -

 -

425,900 

Notes payable and other borrowings

 

144,114 

 

149,438 

 -

 -

149,438 

Junior subordinated debentures

 

135,414 

 

132,000 

 -

 -

132,000 

Redeemable 5% cumulative preferred stock

 

13,974 

 

13,977 

 -

 -

13,977 





(1)

Included in other assets in  the Company’s condensed consolidated statements of financial condition as of June 30, 2018 and December 31, 2017.

(2)

Included in other assets in  the Company’s condensed consolidated statements of financial condition as of December 31, 2017.