Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values of Debt Instruments

The carrying values and fair values of debt instruments are as follows (in thousands):

	March 31, 2022				December 31, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
Recourse debt	$	861,175	$	782,175	$	601,684	$	518,168
Senior debt	2,539,232		2,494,413		2,269,623		2,261,071
Subordinated debt	1,296,885		1,252,911		1,160,115		1,160,432
Securitization debt	2,441,868		2,328,837		2,471,468		2,494,070
Total	$	7,139,160	$	6,858,336	$	6,502,890	$	6,433,741

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At March 31, 2022 and December 31, 2021, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy, are as follows (in thousands):

	March 31, 2022
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	110,534	$	—	$	110,534
Total	$	—	$	110,534	$	—	$	110,534
Derivative liabilities:
Interest rate swaps	$	—	$	29,788	$	—	$	29,788
Total	$	—	$	29,788	$	—	$	29,788

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	26,673	$	—	$	26,673
Total	$	—	$	26,673	$	—	$	26,673
Derivative liabilities:
Interest rate swaps	$	—	$	83,873	$	—	$	83,873
Total	$	—	$	83,873	$	—	$	83,873