XML 111 R87.htm IDEA: XBRL DOCUMENT v3.24.0.1
Senior secured notes, convertible notes, and corporate debt, net (Details)
12 Months Ended
Oct. 20, 2021
USD ($)
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
May 20, 2021
USD ($)
Aug. 09, 2017
USD ($)
Senior secured notes, Convertible notes, and Corporate debt          
Total Senior secured notes, net   $ 345,127,000 $ 343,355,000    
Total Corporate debt, net   764,908,000 662,665,000    
Total Convertible notes, net     114,397,000    
Total carrying amount of debt components   1,110,035,000      
Contractual maturities of the Senior Secured Notes, Convertible Notes, and Corporate debt          
2025   120,000,000      
2026   760,884,000      
2027   100,000,000      
2028   110,000,000      
Thereafter   36,250,000      
Total contractual amounts   1,127,134,000      
Unamortized deferred financing costs, discounts, and premiums, net   (17,099,000)      
Total carrying amount of debt components   1,110,035,000      
Maximum          
Senior secured notes, Convertible notes, and Corporate debt          
Debt notes available for sale under At Market Issuance Sales Agreement       $ 100,000,000.0  
4.50% Senior Secured Notes Due 2026          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 350,000,000      
Interest rate (as a percent)   4.50%      
Unamortized deferred financing costs   $ (4,873,000)      
Total Senior secured notes, net   $ 345,127,000      
Convertible Notes          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value         $ 115,000,000.0
Principal amount of the notes to be redeemed (as a percent)   100.00%      
Threshold number of specified trading days that common stock price to conversion price of convertible debt instruments must exceed threshold percentage within a specified consecutive trading period to trigger conversion feature   30      
Threshold period of specified consecutive trading days within which the common stock price, used in a calculation with with the conversion rate, the result of which must exceed the threshold percentage   5 days      
Specified period of time used to calculate average closing market price of common stock to be used as a factor in determining potential trigger of conversion feature   10 days      
Gross carrying value of convertible notes         112,700,000
Gross carrying value of the equity component         $ 2,300,000
Convertible Notes | Minimum          
Senior secured notes, Convertible notes, and Corporate debt          
Percentage of common stock price to conversion price of convertible debt instruments to determine eligibility of conversion   120.00%      
Threshold number of specified trading days that common stock price to conversion price of convertible debt instruments must exceed threshold percentage within a specified consecutive trading period to trigger conversion feature   20      
The threshold percentage that per share value of distributions exceeds the average market price which may trigger the conversion feature   10.00%      
Convertible Notes | Maximum          
Senior secured notes, Convertible notes, and Corporate debt          
Threshold percentage of the trading price of the convertible debt instrument to the product of the conversion rate and the closing stock price during any five consecutive trading day period   98.00%      
Corporate Debt          
Senior secured notes, Convertible notes, and Corporate debt          
Repurchase price percentage in the event of change of control   101.00%      
Unamortized discount   $ (7,121,000)      
Total Corporate debt, net   764,908,000      
5.50% Senior Notes due 2028          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 110,000,000      
Interest rate (as a percent)   5.50%      
6.20% and 5.75% Senior Notes due 2026          
Senior secured notes, Convertible notes, and Corporate debt          
Proceeds from issuance of unsecured debt     5,300,000    
Debt issuance related expenses     $ 100,000    
Number of shares sold in At The Market debt offering | shares   0 215,300    
6.20% Senior Notes due 2026          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 104,614,000      
Interest rate (as a percent)   6.20%   6.20%  
Debt notes price per share | $ / shares     $ 25.40    
5.75% Senior Notes Due 2026          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 206,270,000      
Interest rate (as a percent)   5.75%   5.75%  
Debt notes price per share | $ / shares     $ 25.05    
6.125% Senior Notes due 2025          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 120,000,000      
Interest rate (as a percent)   6.125%      
7.375% Senior Notes due in 2027          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 100,000,000      
Interest rate (as a percent)   7.375%      
5.00% Senior Notes due in 2026          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 100,000,000      
Interest rate (as a percent)   5.00%      
Junior Subordinated I-A Notes          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 15,000,000      
Junior Subordinated I-A Notes | Three Month LIBOR          
Senior secured notes, Convertible notes, and Corporate debt          
Pricing, spread on variable (as a percent)   3.10%      
Junior Subordinated I-B Notes          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value   $ 21,250,000      
Unamortized deferred financing costs   $ (5,105,000)      
Junior Subordinated I-B Notes | Three Month LIBOR          
Senior secured notes, Convertible notes, and Corporate debt          
Pricing, spread on variable (as a percent)   3.10%      
ReadyCap Holdings | 4.50% Senior Secured Notes Due 2026          
Senior secured notes, Convertible notes, and Corporate debt          
Debt instrument, face value $ 350,000,000.0        
Interest rate (as a percent) 4.50%        
Repurchase price percentage in the event of change of control 101.00%