XML 70 R55.htm IDEA: XBRL DOCUMENT v3.22.4
Borrowings - Additional Information (Details)
3 Months Ended 12 Months Ended
Nov. 18, 2022
USD ($)
Jun. 23, 2021
USD ($)
Jun. 09, 2021
USD ($)
Apr. 30, 2021
USD ($)
Dec. 18, 2019
USD ($)
Jul. 18, 2019
USD ($)
Mar. 31, 2021
USD ($)
Sep. 30, 2017
USD ($)
Dec. 31, 2022
USD ($)
CoverageTest
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2022
USD ($)
Apr. 29, 2022
Jul. 23, 2021
USD ($)
Jun. 24, 2021
USD ($)
Oct. 28, 2020
USD ($)
Dec. 31, 2019
USD ($)
Debt Instrument [Line Items]                                  
Weighted average stated interest rate on debt outstanding                 6.10% 3.20%              
Weighted average maturity on debt outstanding                 5 years 5 years 4 months 24 days              
Principal amount of borrowings                 $ 90,893,000 $ 79,839,000              
Long-term debt                 373,308,000 347,191,000              
Gain (Loss) on Extinguishment of Debt             $ 900,000     (1,835,000) $ 155,000            
Minimum | GLPRF LLC Member                                  
Debt Instrument [Line Items]                                  
Effective interest                         2.80%        
SOFR | Maximum | GLPRF LLC Member                                  
Debt Instrument [Line Items]                                  
Effective interest                         2.85%        
CLO Facility | GARS Acquisition                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount                               $ 420,000,000.0  
Discount amortized over the remaining term                               2,400,000  
Revolving Credit Facilities                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount                 92,000,000 80,571,000 49,321,000           $ 79,571,000
Interest rate         2.85%                        
Unamortized debt offering costs                 $ 1,107,000 732,000              
Percentage of minimum commitments utilization requirement         80.00%                        
Percentage of average daily unborrowed portion of financing commitments         0.50%                        
Initial principal amount         $ 115,000,000                        
Line of Credit Facility, Maximum Borrowing Capacity                       $ 215,000,000          
Maturity date                 Dec. 18, 2023                
Principal amount of borrowings                 $ 92,000,000.0                
Interest and fees expense                 4,500,000 3,000,000.0 3,500,000            
Long-term debt                 90,893,000 79,839,000              
Revolving Credit Facilities | Level III                                  
Debt Instrument [Line Items]                                  
Fair value of borrowings                 $ 90,900,000 $ 79,800,000              
Unsecured Debt                                  
Debt Instrument [Line Items]                                  
Debt instrument, redemption price, percentage                 100.00%                
2018-2 Secured Notes Class B-R Notes                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount                               18,300,000  
Stated Maturity                 Nov. 20, 2029 [1] Nov. 20, 2029 [2]              
Long-term debt                 $ 18,103,000 $ 18,103,000              
2018-2 Secured Notes Class A-1R-R Notes                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount           $ 50,000,000.0                      
Drew Amount $ 14,300,000                                
Unfunded Amount $ 25,000,000                                
Stated Maturity                 Nov. 20, 2029 [1] Nov. 20, 2029 [2]              
Long-term debt                 $ 25,671,000 $ 11,487,000              
Debt Instrument redemption, amount           $ 25,000,000.0                      
Class A-R Notes                                  
Debt Instrument [Line Items]                                  
Percentage of aggregate amount of interest payable for first coverage test                 135.00%                
Percentage of aggregate outstanding principal amount                 128.00%                
Class A-R Notes and B-R Notes                                  
Debt Instrument [Line Items]                                  
Percentage of aggregate amount of interest payable for first coverage test                 125.00%                
Percentage of aggregate outstanding principal amount                 118.20%                
Class A-1R-R and Class A-1T-R Notes                                  
Debt Instrument [Line Items]                                  
Percentage of capitalization                 125.00%                
4.875% Notes Due 2026                                  
Debt Instrument [Line Items]                                  
Debt instrument, issuance date                 Apr. 30, 2021                
Interest rate                 4.875%                
Debt discount   $ 2,430,000             $ 1,704,000 2,157,000              
Debt offering costs   1,200,000                              
Fair value of outstanding debt                 105,500,000 104,900,000              
Unamortized debt offering costs                 818,000 951,000              
Long-term debt                 105,478,000 104,892,000              
4.875% Notes Due 2026 | Unsecured Debt                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount                 $ 108,000,000 108,000,000              
Interest rate       4.875%                          
Stated Maturity                 Apr. 30, 2026                
Debt instrument, frequency of periodic payment                 semi-annually                
Debt instrument, date of first required payment                 Sep. 16, 2021                
4.875% Notes Due 2026 | Private Placement                                  
Debt Instrument [Line Items]                                  
Interest rate       4.875%                          
4.875% Notes Due 2026 | Private Placement | Unsecured Debt                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount   $ 28,000,000   $ 80,000,000                          
Interest rate   4.875%   4.875%                          
Proceeds from offering of notes   $ 27,400,000                              
Proceeds from offering of notes       $ 77,700,000                          
6.125% Notes Due 2022                                  
Debt Instrument [Line Items]                                  
Repurchase principal amount                     681,000            
Interest rate       6.125%         6.125%                
Debt instrument, frequency of periodic payment                 quarterly                
Debt offering costs       $ 2,900,000                          
Debt offering costs                     513,000            
Debt Instrument redemption, amount       $ 77,400,000                          
Debt instrument, redemption start date       Apr. 30, 2021                          
Debt instrument, redemption end date       May 30, 2021                          
Gain (Loss) on Extinguishment of Debt       $ 1,000,000.0             155,000            
Percentage of aggregate outstanding principal amount               100.00%                  
6.125% Notes Due 2022 | Unsecured Debt                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount               $ 77,400,000     76,726,000           $ 77,407,000
Interest rate               6.125%                  
Proceeds from offering of notes               $ 74,600,000                  
Stated Maturity                 Sep. 30, 2022                
Interest expense                 $ 0 2,000,000.0 4,700,000            
HCAP Notes                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount     $ 28,750,000                            
Interest rate     6.125%                            
Stated Maturity     Sep. 15, 2022                            
Debt Instrument redemption, amount     $ 28,750,000                     $ 28,750,000 $ 28,750,000    
2018-2 Secured Notes                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount                 178,163,000 163,863,000 $ 251,863,000         312,000,000.0  
Debt discount                 1,226,000 1,403,000              
Debt Instrument redemption, amount             $ 88,000,000                    
Long-term debt                 $ 176,937,000 $ 162,460,000              
Number of coverage tests | CoverageTest                 2                
2018-2 Subordinated Notes                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount                               $ 108,000,000.0  
[1] The indenture governing our CLO permits the repricing or refinancing of the secured notes after November 20, 2020, which may result in the redemption of the outstanding notes occurring prior to their stated maturity.
[2] The indenture governing our CLO permits the repricing or refinancing of the secured notes after November 20, 2020, which may result in the redemption of the outstanding notes occurring prior to their stated maturity.