Debt Obligations - Additional Information (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | | | |
Aug. 31, 2018 | Jun. 30, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | Jan. 31, 2017 | Mar. 31, 2015 | Sep. 30, 2014 |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | | | | $ 1,296,151,000 | | $ 1,240,389,000 | | | | |
Restricted cash and cash equivalents | | | | 75,010,000 | | 71,305,000 | | | | |
Letter of credit related to insurance contracts | | | | 13,900,000 | | | | | | |
Minimum | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Restricted cash and cash equivalents | | | | 10,000,000 | | 10,000,000 | | | | |
Solar Asset Backed Notes, Series 2018-1 | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | [1] | | | $ 462,826,000 | | $ 462,826,000 | | | | |
Interest Rate | [1] | | | 5.10% | | 5.10% | | | | |
Revolving credit facility maturity date | [1] | | | Oct. 31, 2028 | | Oct. 31, 2028 | | | | |
Solar Asset Backed Notes, Series 2018-1 | Required Reserves | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Restricted cash and cash equivalents | | | | $ 13,600,000 | | | | | | |
Solar Asset Backed Notes, Series 2018-1 | Class A Notes | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | | | $ 400,000,000 | | | | | | | |
Interest Rate | | | 4.73% | 4.73% | | | | | | |
Revolving credit facility maturity date | | | Oct. 30, 2028 | | | | | | | |
Solar Asset Backed Notes, Series 2018-1 | Class B Notes | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | | | $ 66,000,000 | | | | | | | |
Interest Rate | | | 7.37% | 7.37% | | | | | | |
Revolving credit facility maturity date | | | Oct. 30, 2028 | | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | [2],[3] | | | $ 339,382,000 | | $ 342,833,000 | | | | |
Interest Rate | [2],[3] | | | 5.50% | | 5.40% | | | | |
Revolving credit facility maturity date | | | Aug. 29, 2023 | Aug. 31, 2023 | [2],[3] | Aug. 31, 2023 | [2],[3] | | | |
Solar Asset Backed Notes, Series 2018-2 | Interest Rate Swaps | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | | | | $ 325,200,000 | | | | | | |
Effective interest rate of principal borrowings | | | 5.95% | 6.00% | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | L I B O R Plus | Weighted Average | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | 2.95% | | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | Required Reserves | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Restricted cash and cash equivalents | | | | $ 25,100,000 | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | Class A Notes | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | | | $ 296,000,000 | | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | Class A Notes | L I B O R Plus | Weighted Average | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | 2.95% | 2.95% | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | Class B Notes | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | | | $ 49,000,000 | | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | Class B Notes | L I B O R Plus | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 4.75% | | | | | | |
Solar Asset Backed Notes, Series 2018-2 | Class B Notes | L I B O R Plus | Weighted Average | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | 4.75% | | | | | | | |
2016 Term Loan Facility | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Payment of outstanding balance of debt | | | $ 282,300,000 | | | | | | | |
Payment of outstanding balance of debt principal | | | 281,800,000 | | | | | | | |
Payment of outstanding balance of debt accrued interest | | | 500,000 | | | | | | | |
Unamortized debt issuance costs recognized in interest expense | | | | | | $ 6,900,000 | | | | |
Prepayment fee | | | 0 | | | | | | | |
Subordinated HoldCo Facility | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Payment of outstanding balance of debt | | | 206,400,000 | | | | | | | |
Payment of outstanding balance of debt principal | | | 196,600,000 | | | | | | | |
Payment of outstanding balance of debt accrued interest | | | 3,900,000 | | | | | | | |
Unamortized debt issuance costs recognized in interest expense | | | | | | 2,900,000 | | | | |
Prepayment fee | | | $ 5,900,000 | | | | | | | |
Percentage of principal prepayments fee | | | 3.00% | | | | | | | |
Subordinated HoldCo Facility | Interest Expense | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Prepayment fee | | | | | | 5,900,000 | | | | |
2017 Term Loan Facility | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | | | | $ 186,784,000 | | $ 188,922,000 | | | | |
Interest Rate | | | | 6.00% | | 6.00% | | | | |
Revolving credit facility maturity date | | | | Jan. 31, 2035 | | Jan. 31, 2035 | | | | |
Interest on borrowings accrue at an annual fixed rate and payable in arrears | | | | | | | | 6.00% | | |
Debt instrument, frequency of periodic payment | | | | quarterly basis | | | | | | |
2017 Term Loan Facility | Required Reserves | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Restricted cash and cash equivalents | | | | $ 19,700,000 | | | | | | |
Forward Flow Loan Facility | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | [4] | | | $ 99,780,000 | | $ 58,425,000 | | | | |
Interest Rate | [4] | | | 4.90% | | 5.20% | | | | |
Debt instrument interest rate | | 1.50% | | | | | | | | |
Maximum borrowing amount under credit agreement | | $ 130,000,000 | | | | | | | | |
Debt instrument maturity period | | 20 years | | 20 years | | | | | | |
Debt instrument offering date | | | | Oct. 31, 2019 | | | | | | |
Debt Instrument interest rate description | | | | Interest on each loan will accrue at an annual rate equal to the U.S. swap rate for the weighted-average life of such loan, plus an applicable margin equal to the greater of (a) 1.9% plus a spread adjustment based on the risk premium on the borrowing date relative to the market index-based risk premium on the closing date and (b) 1.5%. Scheduled principal payments are due on a quarterly basis, at the end of January, April, July and October of each year. | | | | | | |
Forward Flow Loan Facility | Maximum | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Revolving credit facility maturity date | | | | Oct. 31, 2019 | | | | | | |
Forward Flow Loan Facility | Market Index-Based Risk Premium | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | 1.90% | | | | | | | | |
Forward Flow Loan Facility | Required Reserves | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Restricted cash and cash equivalents | | | | $ 4,100,000 | | | | | | |
Aggregation Facility | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | [5] | | | $ 70,000,000 | | $ 50,000,000 | | | | |
Interest Rate | [5] | | | 5.70% | | 5.70% | | | | |
Revolving credit facility maturity date | [5] | | | Sep. 30, 2020 | | Sep. 30, 2020 | | | | |
Maximum borrowing amount under credit agreement | | | | | | | | | | $ 375,000,000 |
Additional borrowing capacity | | | | | | | | | | $ 175,000,000 |
Aggregation Facility | Minimum | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 3.25% | | | | | | |
Aggregation Facility | Maximum | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 3.75% | | | | | | |
Aggregation Facility | L I B O R Plus | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 1.00% | | | | | | |
Aggregation Facility | Federal Funds Rate Plus | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 0.50% | | | | | | |
Aggregation Facility | Required Reserves | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Restricted cash and cash equivalents | | | | $ 2,400,000 | | | | | | |
Working Capital Facility | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Principal Borrowings Outstanding | [5],[6] | | | $ 136,100,000 | | $ 136,100,000 | | | | |
Interest Rate | [5],[6] | | | 5.70% | | 5.60% | | | | |
Revolving credit facility maturity date | [5],[6] | | | Mar. 31, 2020 | | Mar. 31, 2020 | | | | |
Debt instrument interest rate | | | | 2.25% | | | | | | |
Maximum borrowing amount under credit agreement | | | | | | | | | $ 150,000,000 | |
Debt Instrument interest rate description | | | | (1) a rate equal to the Eurodollar Rate for the interest period divided by one minus the Eurodollar Reserve Percentage, plus a margin of 3.25%; or (2) the highest of (a) the Federal Funds Rate plus 0.50%, (b) the Citibank prime rate and (c) the one-month interest period Eurodollar rate plus 1.00%, plus a margin of 2.25%. Interest is payable depending on the type of borrowing at the end of (1) the interest period that the Company may elect as a term, not to exceed three months, (2) quarterly or (3) at maturity of the Working Capital Facility. | | | | | | |
Letter of credit related to insurance contracts | | | | $ 13,900,000 | | | | | | |
Minimum cash balance requirement | | | | $ 30,000,000 | | | | | | |
Working Capital Facility | Federal Funds Rate Plus | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 0.50% | | | | | | |
Working Capital Facility | Eurodollar Reserve Percentage Plus | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 3.25% | | | | | | |
Working Capital Facility | Euro Dollar Rate Plus | | | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | | | |
Debt instrument interest rate | | | | 1.00% | | | | | | |
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[1] | The interest rate disclosed in the table above is a weighted-average rate. The Series 2018-1 Notes are comprised of Class A and Class B Notes. Class A Notes accrue interest at 4.73%. Class B Notes accrue interest at 7.37%. | |
[2] | The Series 2018-2 Notes are comprised of Class A and Class B Notes. Class B Notes accrue interest at a rate of LIBOR plus 4.75%. Class A Notes accrue interest at a variable spread over LIBOR that results in a weighted average spread for all 2018-2 Notes of 2.95%. | |
[3] | The interest rate of this facility is partially hedged to an effective interest rate of 6.0% for $325.2 million of the principal borrowings. See Note 13—Derivative Financial Instruments. | |
[4] | The maturity date for this facility is 20 years from the end date of the borrowing availability period when all borrowings are aggregated into one term loan, which will be no later than October 31, 2019. | |
[5] | Revolving lines of credit are not presented net of unamortized debt issuance costs. | |
[6] | Facility is recourse debt, which refers to debt that is collateralized by the Company’s general assets. All of the Company’s other debt obligations are non-recourse, which refers to debt that is only collateralized by specified assets or subsidiaries of the Company. | |