Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024				December 31, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
Recourse debt	$	1,049,783	$	1,029,681	$	932,369	$	844,727
Senior debt	4,392,367		4,357,504		4,114,134		4,082,994
Subordinated debt	2,385,584		2,270,183		2,219,573		2,131,994
Securitization debt	3,320,327		3,078,187		3,405,852		3,191,542
Total	$	11,148,061	$	10,735,555	$	10,671,928	$	10,251,257

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At March 31, 2024 and December 31, 2023, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy, are as follows (in thousands):

	March 31, 2024
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	169,888	$	—	$	169,888
Total	$	—	$	169,888	$	—	$	169,888
Derivative liabilities:
Interest rate swaps	$	—	$	22,403	$	—	$	22,403
Total	$	—	$	22,403	$	—	$	22,403

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	132,734	$	—	$	132,734
Total	$	—	$	132,734	$	—	$	132,734
Derivative liabilities:
Interest rate swaps	$	—	$	60,401	$	—	$	60,401
Total	$	—	$	60,401	$	—	$	60,401