Acquisition - USAA Acquisition (Details) - USD ($)
$ in Thousands |
Jul. 01, 2019 |
Sep. 30, 2019 |
Jun. 30, 2019 |
Dec. 31, 2018 |
| Acquisitions |
|
|
|
|
| Contingent consideration liability |
|
$ 102,800
|
|
$ 716
|
| Restricted Cash |
|
|
$ 71,900
|
|
| Credit Agreement | Adjusted London Interbank Offered Rate (LIBOR) |
|
|
|
|
| Acquisitions |
|
|
|
|
| Base Spread (as a percent) |
3.25%
|
|
|
|
| Credit Agreement | Base Rate |
|
|
|
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| Acquisitions |
|
|
|
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| Base Spread (as a percent) |
2.25%
|
|
|
|
| Credit Agreement | London Interbank Offered Rate (LIBOR) |
|
|
|
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| Acquisitions |
|
|
|
|
| Base Spread (as a percent) |
3.25%
|
|
|
|
| Revolving Credit Facility |
|
|
|
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| Acquisitions |
|
|
|
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| Maximum borrowing capacity |
$ 100,000
|
|
|
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| Debt Instrument, Term |
5 years
|
|
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| Letter of Credit |
|
|
|
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| Acquisitions |
|
|
|
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| Maximum borrowing capacity |
$ 10,000
|
|
|
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| Term Loans |
|
|
|
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| Acquisitions |
|
|
|
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| Principal amount |
$ 1,100,000
|
|
|
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| Debt Instrument, Term |
7 years
|
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| USAA AMCO |
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|
|
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| Acquisitions |
|
|
|
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| Percentage of outstanding common stock acquired |
100.00%
|
|
|
|
| Total consideration |
$ 954,100
|
|
|
|
| Payments to acquire business |
851,300
|
|
|
|
| Payments to acquire business, restricted cash |
71,900
|
|
|
|
| Contingent consideration liability |
102,800
|
$ 102,800
|
|
|
| Maximum aggregate contingent payment |
150,000
|
|
|
|
| Maximum annual contingent payment |
$ 37,500
|
|
|
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| Period of time over which contingent payments will be made |
4 years
|
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| Contingent consideration threshold percentage |
80.00%
|
|
|
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| Annual revenue percentage requirement to achieve the maximum contingent payment |
100.00%
|
|
|
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| Post-closing adjustment period |
1 year
|
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