Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 2024				December 31, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
Recourse debt	$	1,043,308	$	994,211	$	932,369	$	844,727
Senior debt	3,992,668		3,949,473		4,114,134		4,082,994
Subordinated debt	2,552,046		2,428,014		2,219,573		2,131,994
Securitization debt	4,374,329		4,115,450		3,405,852		3,191,542
Total	$	11,962,351	$	11,487,148	$	10,671,928	$	10,251,257

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At June 30, 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):

	June 30, 2024
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	145,869	$	—	$	145,869
Total	$	—	$	145,869	$	—	$	145,869
Derivative liabilities:
Interest rate swaps	$	—	$	21,805	$	—	$	21,805
Total	$	—	$	21,805	$	—	$	21,805

	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