Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2023

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):

	September 30, 2023				December 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
Recourse debt	$	911,830	$	805,331	$	898,040	$	787,340
Senior debt	3,662,600		3,597,216		3,238,633		3,176,774
Subordinated debt	2,220,784		2,078,182		1,743,048		1,625,258
Securitization debt	3,442,330		3,066,258		2,519,428		2,169,247
Total	$	10,237,544	$	9,546,987	$	8,399,149	$	7,758,619

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At September 30, 2023 and December 31, 2022, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy, are as follows (in thousands):

	September 30, 2023
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	258,923	$	—	$	258,923
Total	$	—	$	258,923	$	—	$	258,923
Derivative liabilities:
Interest rate swaps	$	—	$	6	$	—	$	6
Total	$	—	$	6	$	—	$	6

	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