XML 45 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Events
12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS
Effective January 1, 2018, Upsilon RFO issued $600.5 million of non-voting preference shares to investors, including $75.0 million to the Company. This amount was received by the Company prior to December 31, 2017 and is included in other liabilities on the Company’s consolidated balance sheet at December 31, 2017, and also included in other operating cash flows on the Company’s consolidated statements of cash flows for the year ended December 31, 2017. Effective January 1, 2018, the Company’s participation in the risks assumed by Upsilon RFO was 14.1%.
Subsequent to December 31, 2017 and through the period ended February 2, 2018, third-party investors subscribed for $81.0 million of the participating, non-voting common shares of Medici. In addition, the Company redeemed an aggregate of $25.0 million of the participating, non-voting common shares of Medici. As a result of these transactions, the Company’s noncontrolling economic ownership in Medici was 17.8%, effective February 1, 2018.