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Fair Value Measurement (Tables)
12 Months Ended
Dec. 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):
December 31, 2022December 31, 2021
Carrying Value
Fair Value
Carrying Value
Fair Value
Recourse debt$898,040 $787,340 $601,684 $518,168 
Senior debt3,238,633 3,176,774 2,269,623 2,261,071 
Subordinated debt1,743,048 1,625,258 1,160,115 1,160,432 
Securitization debt2,519,428 2,169,247 2,471,468 2,494,070 
Total
$8,399,149 $7,758,619 $6,502,890 $6,433,741 
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis
At December 31, 2022 and 2021, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy are as follows (in thousands):
December 31, 2022
Level 1
Level 2
Level 3
Total
Derivative assets:
Interest rate swaps
$— $177,827 $— $177,827 
Total
$— $177,827 $— $177,827 
Derivative liabilities:
Interest rate swaps$— $8,247 $— $8,247 
Total
$— $8,247 $— $8,247 
December 31, 2021
Level 1
Level 2
Level 3
Total
Derivative assets:
Interest rate swaps$— $26,673 $— $26,673 
Total$— $26,673 $— $26,673 
Derivative liabilities:   
Interest rate swaps$— $83,873 $— $83,873 
Total$— $83,873 $— $83,873