Derivatives (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Effect of Foreign Currency Forward Contracts on Consolidated Statement of Operations

The table below presents the impact to the consolidated statements of operations from derivative contracts that were not designated in a qualifying hedging relationship during the three months ended March 31, 2025 and 2024:

	Three Months Ended March 31, 2025		Three Months Ended March 31, 2024
Net change in unrealized gain (loss) on foreign currency forward contracts	$	(45)	67
Net change in unrealized gain (loss) on interest rate options	436		—
Realized (loss) on foreign currency forward contracts	47		(32)

Schedule of Impact to Consolidated Statements of Operations from Hedge Accounting

The table below presents the impact to the consolidated statements of operations from derivative assets and liabilities designated in a qualifying hedge accounting relationship for the three months ended March 31, 2025 and 2024:

(Amounts in thousands)	Three Months Ended March 31, 2025		Three Months Ended March 31, 2024		Financial Statement Location
Interest rate swaps	$	(8,611)	$	(773)	Interest expense
Hedged items	$	8,155	$	—	Interest expense

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The table below presents the carrying value of unsecured borrowings as of March 31, 2025 that are designated in a qualifying hedging relationship and the related cumulative hedging adjustment (increase/(decrease)) from current and prior hedging relationships included in such carrying values:

Description	Principal Amount (Amounts in thousands)		Carrying Value (Amounts in thousands)		Cumulative Hedging Adjustments (Amounts in thousands)
Series A Tranche A Notes	$	90,000	$	90,216	$	216
Series A Tranche B Notes	150,000		150,788		788
Series B, Tranche A Notes	85,000		85,438		438
Series B, Tranche C Notes	290,000		291,411		1,411
Total	$	615,000	$	617,853	$	2,853

The table below presents the carrying value of unsecured borrowings as of December 31, 2024 that are designated in a qualifying hedging relationship and the related cumulative hedging adjustment (increase/(decrease)) from current and prior hedging relationships included in such carrying values:

Description	Principal Amount (Amounts in thousands)		Carrying Value (Amounts in thousands)		Cumulative Hedging Adjustments (Amounts in thousands)
Series A, Tranche A Notes	$	90,000	$	89,732	$	(268)
Series A, Tranche B Notes	150,000		148,799		(1,201)
Series B, Tranche A Notes	85,000		84,330		(670)
Series B, Tranche C Notes	290,000		286,838		(3,162)
Total	$	615,000	$	609,699	$	(5,301)