XML 89 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
CORPORATE LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 12 Months Ended
Dec. 31, 2016
Successor Company  
Summary of corporate loans  
Schedule of corporate loans
The following table summarizes the Company’s corporate loans, at estimated fair value as of December 31, 2016 and December 31, 2015 (amounts in thousands):
 
 
December 31, 2016
 
December 31, 2015
 
Par
 
Amortized 
Cost
 
Estimated
Fair Value
 
Par
 
Amortized 
Cost
 
Estimated
Fair Value
Corporate loans, at estimated fair value
$
3,433,059

 
$
3,419,483

 
$
3,305,264

 
$
5,722,646

 
$
5,619,815

 
$
5,188,610

Total
$
3,433,059

 
$
3,419,483

 
$
3,305,264

 
$
5,722,646

 
$
5,619,815

 
$
5,188,610
Schedule of realized and unrealized (losses) gains from corporate loans
The following tables present the Company’s realized and unrealized gains (losses) from corporate loans (amounts in thousands):
 
 
Year ended
December 31, 2016
 
Year ended
December 31, 2015
 
Eight months ended December 31, 2014
Net realized gains (losses)
$
(234,354
)
 
$
(51,356
)
 
$
1,411

Net (increase) decrease in unrealized losses
312,340

 
(195,256
)
 
(204,006
)
Net realized and unrealized gains (losses)
$
77,986

 
$
(246,612
)
 
$
(202,595
)
Schedule of corporate loans pledged as collateral
The following table summarizes the corporate loans, at estimated fair value, pledged as collateral as of December 31, 2016 and December 31, 2015 (amounts in thousands):
 
 
December 31, 2016
 
December 31, 2015
Pledged as collateral for collateralized loan obligation secured debt
$
3,048,841

 
$
4,917,123

Total
$
3,048,841

 
$
4,917,123
Predecessor Company  
Summary of corporate loans  
Schedule of changes in the allowance for loan losses
The following table summarizes the changes in the allowance for loan losses for the Company’s corporate loan portfolio (amounts in thousands):
 
 
For the four months ended April 30, 2014
Allowance for loan losses:
 
Beginning balance
$
224,999

Provision for loan losses
—

Charge-offs
(1,458
)
Ending balance
$
223,541
Schedule of loans by class modified as troubled debt restructurings
The following table presents the aggregate balance of loans whose terms had been modified in a TDR (dollar amounts in thousands):
 
 
Four months ended April 30, 2014
 
Number
of TDRs
 
Pre-modification
outstanding 
recorded investment(1)
 
Post-modification
outstanding 
recorded investment(1)(2)
Troubled debt restructurings:
 
 
 

 
 

Loans held for investment
1
 
$
154,075

 
$
—

Loans at estimated fair value
2
 
41,347

 
24,571

Total
 
 
$
195,422

 
$
24,571

 
 
 
 
 
(1)
Recorded investment is defined as amortized cost plus accrued interest.
(2)
Excludes equity securities received from the loans held for investment and/or loans at estimated fair value TDRs with an estimated fair value of $92.0 million and $12.3 million, from the two issuers, respectively.