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v3.25.2

Fair Value Measurement - Level Three Assets and Liabilities Rollforward (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Beneficial interest liabilities (derivatives) |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Fair value, beginning balance | $ 4,032 | $ 8,485 | $ 10,089 | $ 4,221
Additions | 0 | 0 | 0 | 0
Repayments and settlements / Payments on beneficial interests | (5,672) | (1,658) | (11,664) | (2,367)
Changes in fair value recorded in earnings | 12,172 | 4,371 | 12,107 | 9,344
Fair value, ending balance | 10,532 | 11,198 | 10,532 | 11,198
Beneficial Interests |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Fair value, beginning balance | 216,578 | 62,214 | 176,848 | 41,012
Additions | 71,432 | 41,124 | 109,870 | 71,400
Repayments and settlements / Payments on beneficial interests | (27,133) | (1,729) | (43,441) | (1,729)
Charge-offs and changes in fair value recorded in earnings | 5,884 | (3,805) | 23,484 | (12,879)
Fair value, ending balance | 266,761 | 97,804 | 266,761 | 97,804
Fair Value, Inputs, Level 3 | Payable to Securitization Note Holders |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Fair value, beginning balance | 75,904 | 129,092 | 87,321 | 141,416
Additions | 0 |  | 0 |
Repayments and settlements / Payments on beneficial interests | (10,577) | (14,882) | (22,021) | (28,446)
Changes in fair value recorded in earnings | (175) | (558) | (148) | 682
Fair value, ending balance | 65,152 | 113,652 | 65,152 | 113,652
Fair Value, Inputs, Level 3 | Trailing Fee Liabilities |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Fair value, beginning balance | 4,574 | 4,244 | 4,614 | 4,251
Issuances | 1,086 | 573 | 1,786 | 1,189
Repayments and settlements / Payments on beneficial interests | (733) | (648) | (1,336) | (1,311)
Changes in fair value recorded in earnings | 31 | 73 | (106) | 113
Fair value, ending balance | 4,958 | 4,242 | 4,958 | 4,242
Fair Value, Inputs, Level 3 | Line of Credit Receivable |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Fair value, beginning balance | 81,780 | 0 | 56,269 | 0
Issuances | 24,983 | 8,261 | 49,839 | 8,261
Charge-offs and changes in fair value recorded in earnings | 563 | 44 | 1,063 | 44
Changes in accrued interest | 130 |  | 285 |
Fair value, ending balance | 107,456 | 8,305 | 107,456 | 8,305
Fair Value, Inputs, Level 3 | Notes receivable and residual certificates (at fair value) |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Fair value, beginning balance | 19,471 | 13,376 | 22,055 | 14,847
Additions | 38,355 |  | 38,355 |
Repayments and settlements / Payments on beneficial interests | (3,836) | (1,456) | (6,521) | (2,681)
Charge-offs and changes in fair value recorded in earnings | 718 | (278) | 819 | (524)
Fair value, ending balance | $ 54,708 | $ 11,642 | $ 54,708 | $ 11,642

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- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 102 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-102 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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