XML 123 R110.htm IDEA: XBRL DOCUMENT v3.24.0.1
Other Debt - Additional Information (Details) - USD ($)
12 Months Ended
Dec. 27, 2023
Dec. 14, 2023
Oct. 12, 2023
Oct. 07, 2022
Mar. 15, 2022
Jul. 29, 2021
Apr. 16, 2021
Jan. 29, 2021
Sep. 12, 2018
Aug. 08, 2016
Jan. 04, 2011
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]                          
Lines of credit fund maximum percentage of principle balance of mortgage loans                       100.00%  
Line of credit, maximum capacity                       $ 890,530,000 $ 831,818,000
Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Debt instrument, term                 3 years        
Agreement entered date                       Sep. 12, 2018  
Debt instrument, maturity date                       Nov. 10, 2025  
Line of credit, maximum capacity                 $ 50,000,000       $ 3,000,000
Debt Instrument, effective interest rate                       9.20% 5.80%
Revolving Credit Line                          
Debt Instrument [Line Items]                          
Agreement entered date                   Aug. 08, 2016      
Debt instrument, maturity date                   Jul. 31, 2023      
Outstanding balance                       $ 0 $ 0
Revolving Credit Line | Short-Term Unsecured Borrowing                          
Debt Instrument [Line Items]                          
Line of credit, maximum capacity                   $ 3,000,000      
SOFR | Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Debt instrument, floor rate                       4.25%  
Debt instrument, spread rate                       3.61%  
SOFR | Revolving Credit Line | Short-Term Unsecured Borrowing                          
Debt Instrument [Line Items]                          
Debt instrument, floor rate                       0.25%  
Debt instrument, spread rate                       2.00%  
2022 Term Loan                          
Debt Instrument [Line Items]                          
Interest payments, frequency                       six months  
Corporate Debt Agreement | 2022 Term Loan                          
Debt Instrument [Line Items]                          
Debt instrument, term         5 years                
Debt instrument, face amount         $ 215,000,000                
Term loans, balance                       $ 215,000,000 215,000,000
Debt issuance costs, net                       $ 3,900,000 $ 5,200,000
Debt instrument, maturity date         Mar. 15, 2027                
Debt instrument, fixed interest rate         7.125%                
Facility Agreement                          
Debt Instrument [Line Items]                          
Agreement entered date                     Jan. 04, 2011    
Debt instrument, maturity date                     Jul. 31, 2024    
Facility Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, description                       one-month Secured Overnight Financing Rate (“SOFR”)  
Line of credit, maximum capacity                     $ 60,000,000    
Debt Instrument, effective interest rate                       6.20% 5.60%
Facility Agreement | SOFR | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, floor rate                       0.25%  
Debt instrument, spread rate                       1.60%  
2013 Repurchase Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, spread rate                       3.50%  
Agreement entered date                       May 17, 2013  
Debt instrument, maturity date                       Sep. 26, 2024  
Line of credit, maximum capacity                       $ 300,000,000 $ 300,000,000
Debt Instrument, effective interest rate                       9.80% 5.70%
2021 Repurchase Agreement                          
Debt Instrument [Line Items]                          
Debt Instrument, effective interest rate                       10.00% 6.40%
2021 Repurchase Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Agreement entered date               Jan. 29, 2021          
Debt instrument, maturity date               May 15, 2024          
Line of credit, maximum capacity               $ 200,000,000       $ 200,000,000 $ 200,000,000
2021 Repurchase Agreement | Minimum | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, spread rate               3.00%          
2021 Repurchase Agreement | Maximum | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, spread rate               4.00%          
2021 Term Repurchase Agreement                          
Debt Instrument [Line Items]                          
Debt instrument, spread rate             3.10%            
2021 Term Repurchase Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Agreement entered date             Apr. 16, 2021            
Debt instrument, maturity date             Apr. 16, 2026            
Line of credit, maximum capacity             $ 100,000,000         $ 100,000,000 $ 100,000,000
Debt Instrument, effective interest rate                       8.30% 5.60%
July 2021 Term Repurchase Agreement                          
Debt Instrument [Line Items]                          
Agreement entered date           Jul. 29, 2021              
Debt instrument, maturity date           Jul. 29, 2024              
Debt Instrument, effective interest rate                       14.20% 10.00%
Line of credit facility, description                       The July 2021 Term Repurchase Agreement has a maturity date of July 29, 2024, with an option to extend the term to July 29, 2025.  
Interest rate description                       Each loan advance bears interest at one-month American Interbank Offered Rate ("AMERIBOR") with a 0.5% floor plus 4.50% per annum.  
July 2021 Term Repurchase Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Line of credit, maximum capacity           $ 100,000,000           $ 100,000,000 $ 100,000,000
July 2021 Term Repurchase Agreement | American Interbank Offered Rate [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, floor rate                       0.50%  
July 2021 Term Repurchase Agreement | American Interbank Offered Rate [Member] | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, spread rate                       4.50%  
October 2022 Repurchase Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       $ 10,200,000                  
Debt instrument, description       SOFR                  
Agreement entered date                         Oct. 07, 2022
Line of credit, maximum capacity                       $ 30,530,000 $ 18,818,000
Line of credit facility, description       bore interest at SOFR plus 1.58%.                  
October 2022 Repurchase Agreement | SOFR | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, spread rate       1.58%                  
Short-term Repurchase Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, face amount   $ 10,000,000 $ 9,500,000                    
Debt instrument, spread rate     7.00%                    
Agreement entered date     Oct. 12, 2023                    
Line of credit facility, description     bore interest at 7.0%                    
2023 Repurchase Agreement                          
Debt Instrument [Line Items]                          
Debt instrument, maturity date Dec. 27, 2026                        
2023 Repurchase Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, face amount $ 50,000,000                        
Debt instrument, description SFOR                        
Line of credit, maximum capacity                       $ 50,000,000  
Debt Instrument, effective interest rate                       8.60%  
Line of credit facility, description bears interest at SFOR plus 3.00%.                        
2023 Repurchase Agreement | SOFR | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, spread rate 3.00%                        
Short-term Repurchase One Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Line of credit facility, description   bore interest at 7.6%                      
Short-term Repurchase The Other Agreement | Secured Debt                          
Debt Instrument [Line Items]                          
Line of credit facility, description   bore interest at 7.5