XML 71 R24.htm IDEA: XBRL DOCUMENT v3.20.1

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (dollars in thousands):

		As of March 31, 2020
		Fair Value Measured and Recorded Using
		Level 1				Level 2				Level 3				Total
Assets
Available for sale securities:
Debt securities:
U.S. treasury securities		$	6,531			$	—			$	—			$	6,531
Debt securities issued by U.S. federal agencies			—				10,555				—				10,555
Corporate debt securities			—				30,722				—				30,722
Asset-backed securities			—				4,736				—				4,736
Collateralized mortgage obligations			—				2,149				—				2,149
Total available for sale debt securities			6,531				48,162				—				54,693
Equity securities			46,879				—				—				46,879
Investments in unconsolidated subsidiaries			55,769				—				—				55,769
Warehouse receivables			—				1,273,259				—				1,273,259
Total assets at fair value		$	109,179			$	1,321,421			$	—			$	1,430,600

		As of December 31, 2019
		Fair Value Measured and Recorded Using
		Level 1				Level 2				Level 3				Total
Assets
Available for sale securities:
Debt securities:
U.S. treasury securities		$	6,998			$	—			$	—			$	6,998
Debt securities issued by U.S. federal agencies			—				10,639				—				10,639
Corporate debt securities			—				29,098				—				29,098
Asset-backed securities			—				5,152				—				5,152
Collateralized mortgage obligations			—				2,222				—				2,222
Total available for sale debt securities			6,998				47,111				—				54,109
Equity securities			51,399				—				—				51,399
Warehouse receivables			—				993,058				—				993,058
Total assets at fair value		$	58,397			$	1,040,169			$	—			$	1,098,566

Summary of Non-Recurring Fair Value Measurement

The following non-recurring fair value measurements were recorded for the three months ended March 31, 2020 (dollars in thousands):

																	Total
																	Impairment Charges
	Net Carrying Value				Fair Value Measured and												for the
	as of				Recorded Using												Three Months Ended
	March 31, 2020				Level 1				Level 2				Level 3				March 31, 2020
Property and equipment	$	10,185			$	—			$	—			$	10,185			$	21,663
Goodwill		418,861				—				—				418,861				25,000
Other intangible assets		13,403				—				—				13,403				28,508
Total	$	442,449			$	—			$	—			$	442,449			$	75,171

The following non-recurring fair value measurement was recorded for the three months ended March 31, 2019 (dollars in thousands):

																	Total
																	Impairment Charges
	Net Carrying Value				Fair Value Measured and												for the
	as of				Recorded Using												Three Months Ended
	March 31, 2019				Level 1				Level 2				Level 3				March 31, 2019
Other intangible assets	$	16,000			$	—			$	—			$	16,000			$	89,037

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration