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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value of Assets Measured at Fair Value on Recurring Basis

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

			December 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			$	7,270					$	—					$	—					$	7,270
Debt securities issued by U.S. federal agencies			—						10,216						—						10,216
Corporate debt securities			—						51,244						—						51,244
Asset-backed securities			—						3,801						—						3,801
Collateralized mortgage obligations			—						1,369						—						1,369
Total available for sale debt securities			7,270						66,630						—						73,900
Equity securities			43,334						—						—						43,334
Investments in unconsolidated subsidiaries			—						—						50,000						50,000
Warehouse receivables			—						1,411,170						—						1,411,170
Total assets at fair value			$	50,604					$	1,477,800					$	50,000					$	1,578,404

			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 year ended December 31, 2020 (dollars in thousands):

			Net Carrying Value as of December 31, 2020						Fair Value Measured and Recorded Using																		Total Impairment Charges for the Year Ended December 31, 2020
									Level 1						Level 2						Level 3
Property and equipment			$	12,870					$	—					$	12,870					$	—					$	29,168
Goodwill			443,305						—						—						443,305						25,000
Other intangible assets			12,562						—						—						12,562						34,508
Total			$	468,737					$	—					$	12,870					$	455,867					$	88,676

The following non-recurring fair value measurements were recorded for the year ended December 31, 2019 (dollars in thousands):

			Net Carrying Value as of December 31, 2019						Fair Value Measured and Recorded Using																		Total Impairment Charges for the Year Ended December 31, 2019
									Level 1						Level 2						Level 3
Other intangible assets			$	14,753					$	—					$	—					$	14,753					$	89,787

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

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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

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