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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 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):
June 30, 2022December 31, 2021
Carrying ValueFair ValueCarrying ValueFair Value
Recourse debt$942,706 $833,518 $601,684 $518,168 
Senior debt2,253,544 2,174,389 2,269,623 2,261,071 
Subordinated debt1,480,326 1,409,990 1,160,115 1,160,432 
Securitization debt2,926,368 2,679,510 2,471,468 2,494,070 
Total$7,602,944 $7,097,407 $6,502,890 $6,433,741 
Schedule of Fair Value, Financial Instruments Measured on Recurring Basis
At June 30, 2022 and December 31, 2021, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy, are as follows (in thousands):
June 30, 2022
Level 1Level 2Level 3Total
Derivative assets:
Interest rate swaps$— $122,447 $— $122,447 
Total$— $122,447 $— $122,447 
Derivative liabilities:
Interest rate swaps$— $4,393 $— $4,393 
Total$— $4,393 $— $4,393 
December 31, 2021
Level 1Level 2Level 3Total
Derivative assets:
Interest rate swaps$— $26,673 $— $26,673 
Total$— $26,673 $— $26,673 
Derivative liabilities:
Interest rate swaps$— $83,873 $— $83,873 
Total$— $83,873 $— $83,873