XML 125 R115.htm IDEA: XBRL DOCUMENT v3.22.2
Long-Term Debt - Schedule of Components of Long-Term Debt (Details) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Debt Instrument [Line Items]      
Borrowings $ 1,981,156,000 $ 1,981,156,000 $ 1,650,576,000
Unamortized Deferred Issuance Costs / Discount (15,095,000) (15,095,000) (9,743,000)
Net Carrying Value 1,966,061,000 1,966,061,000 1,640,833,000
Limit 450,000,000 450,000,000  
Facilities      
Debt Instrument [Line Items]      
Borrowings 1,105,735,000 1,105,735,000 990,155,000
Unamortized Deferred Issuance Costs / Discount (1,686,000) (1,686,000) (1,672,000)
Net Carrying Value 1,104,049,000 1,104,049,000 988,483,000
Trust preferred securities and subordinated notes      
Debt Instrument [Line Items]      
Borrowings 139,500,000 139,500,000 139,500,000
Unamortized Deferred Issuance Costs / Discount (756,000) (756,000) (779,000)
Net Carrying Value 138,744,000 $ 138,744,000 $ 138,721,000
Trust preferred securities and subordinated notes | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.25% 2.25%
Facility A | Recourse Subordinate Securities Financing | Affiliated Entity      
Debt Instrument [Line Items]      
Borrowings 132,212,000 $ 132,212,000 $ 144,385,000
Unamortized Deferred Issuance Costs / Discount (104,000) (104,000) (313,000)
Net Carrying Value $ 132,108,000 $ 132,108,000 $ 144,072,000
Weighted Average Interest Rate (as a percent) 4.21% 4.21% 4.21%
Facility B | Recourse Subordinate Securities Financing | Affiliated Entity      
Debt Instrument [Line Items]      
Borrowings $ 102,018,000 $ 102,018,000 $ 102,351,000
Unamortized Deferred Issuance Costs / Discount (202,000) (202,000) (353,000)
Net Carrying Value $ 101,816,000 $ 101,816,000 $ 101,998,000
Weighted Average Interest Rate (as a percent) 4.21% 4.21% 4.21%
Facility C | Recourse Subordinate Securities Financing | Affiliated Entity      
Debt Instrument [Line Items]      
Borrowings $ 76,195,000 $ 76,195,000 $ 91,707,000
Unamortized Deferred Issuance Costs / Discount (251,000) (251,000) (376,000)
Net Carrying Value $ 75,944,000 $ 75,944,000 $ 91,331,000
Weighted Average Interest Rate (as a percent) 4.75% 4.75% 4.75%
Non-Recourse BPL Financing, Facility D | Facilities      
Debt Instrument [Line Items]      
Borrowings $ 500,608,000 $ 500,608,000 $ 307,215,000
Unamortized Deferred Issuance Costs / Discount (1,026,000) (1,026,000) (507,000)
Net Carrying Value 499,582,000 499,582,000 306,708,000
Limit $ 600,000,000 600,000,000 $ 400,000,000
Non-Recourse BPL Financing, Facility D | Facilities | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate 2.50%   2.75%
Recourse BPL Financing, Facility E | Facilities      
Debt Instrument [Line Items]      
Borrowings $ 294,702,000 294,702,000 $ 234,349,000
Unamortized Deferred Issuance Costs / Discount (103,000) (103,000) (123,000)
Net Carrying Value 294,599,000 294,599,000 234,226,000
Limit 450,000,000 $ 450,000,000 $ 450,000,000
Recourse BPL Financing, Facility E | Facilities | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.25% 2.21%
Recourse BPL Financing, Facility I | Facilities      
Debt Instrument [Line Items]      
Borrowings     $ 110,148,000
Unamortized Deferred Issuance Costs / Discount     0
Net Carrying Value     110,148,000
Limit     $ 450,000,000
Recourse BPL Financing, Facility I | Facilities | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate     3.35%
4.75% convertible senior notes | Convertible notes      
Debt Instrument [Line Items]      
Borrowings 198,629,000 $ 198,629,000 $ 198,629,000
Unamortized Deferred Issuance Costs / Discount (1,302,000) (1,302,000) (1,836,000)
Net Carrying Value $ 197,327,000 $ 197,327,000 $ 196,793,000
Weighted Average Interest Rate (as a percent) 4.75% 4.75% 4.75%
5.625% convertible senior notes | Convertible notes      
Debt Instrument [Line Items]      
Borrowings $ 150,200,000 $ 150,200,000 $ 150,200,000
Unamortized Deferred Issuance Costs / Discount (1,683,000) (1,683,000) (2,072,000)
Net Carrying Value $ 148,517,000 $ 148,517,000 $ 148,128,000
Weighted Average Interest Rate (as a percent) 5.625% 5.625% 5.625%
5.75% exchangeable senior notes | Convertible notes      
Debt Instrument [Line Items]      
Borrowings $ 172,092,000 $ 172,092,000 $ 172,092,000
Unamortized Deferred Issuance Costs / Discount (2,977,000) (2,977,000) (3,384,000)
Net Carrying Value $ 169,115,000 $ 169,115,000 $ 168,708,000
Weighted Average Interest Rate (as a percent) 5.75% 5.75% 5.75%
7.75% convertible senior notes | Convertible notes      
Debt Instrument [Line Items]      
Borrowings $ 215,000,000 $ 215,000,000  
Unamortized Deferred Issuance Costs / Discount (6,691,000) (6,691,000)  
Net Carrying Value $ 208,309,000 $ 208,309,000  
Weighted Average Interest Rate (as a percent) 7.75% 7.75%