Debt Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt instruments, excluding finance leases, which are discussed in Note 15 — Leases, as of December 31, 2019 and 2018 consisted of the following (in thousands):

	December 31,
	2019		2018
Asset-Based Financing:
Floor Plan Facility	$	515,487	$	196,963
Finance Receivable Facilities	53,353		—
Financing of beneficial interests in securitizations	84,982		—
Notes payable	31,757		33,015
Real estate financing	177,221		44,956
Total asset-based financing	862,800		274,934
Senior Notes (1)	600,000		350,000
Total debt	1,462,800		624,934
Less: current portion	(606,644)		(208,096)
Less: unamortized premium and debt issuance costs (2)	(13,642)		(7,643)
Total long-term debt, net	$	842,514	$	409,195

(1) As of both December 31, 2019 and 2018, Verde held $15.0 million of the Senior Notes.

(2) The unamortized debt issuance costs related to long-term debt are presented as a reduction of the carrying amount of the corresponding liabilities on the accompanying consolidated balance sheets. Unamortized debt issuance costs related to revolving debt arrangements are presented within other current assets and other assets on the accompanying consolidated balance sheets. The unamortized premium is presented as an increase to the carrying amount of the Senior Notes on the accompanying consolidated balance sheets.

Schedule of Future Minimum Principal Payments of Notes Payable

The following table summarizes the aggregate maturities due in each period for notes payable, Senior Notes, and financing of beneficial interests in securitizations as of December 31, 2019 (in thousands). Maturities related to financing of beneficial interests in securitizations are estimated based on expected timing of payments from the securitization trusts to the lender.

2020	$	37,804
2021	36,624
2022	23,198
2023	613,347
2024	5,766
Thereafter	—
Total	$	716,739