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v3.25.3

Debt Obligations - Bank Borrowings (Details) |  | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Jul. 01, 2025 USD ($) | Mar. 31, 2024 | Sep. 30, 2025 USD ($) loan | Sep. 30, 2024 USD ($) | Oct. 31, 2025 USD ($) | Mar. 31, 2025 USD ($) | Dec. 31, 2024 USD ($)
Debt Obligations |  |  |  |  |  |  |
Number of term loans | loan |  |  | 2 |  |  |  |
Borrowings from revolving line of credit |  |  | $ 433,500,000 | $ 19,200,000 |  |  |
Available for borrowing |  |  | $ 51,550,000 |  |  |  | $ 280,650,000
Credit Agreements | Interest Rate Swap |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Swap rate (in percentage) | 2.30% |  |  |  |  |  |
Revolving line of credit |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Basis spread over base rate (as a percent) |  |  | 1.15% |  |  |  |
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] |  |  | us-gaap:SecuredOvernightFinancingRateSofrMember |  |  |  |
Unused commitment fee (as a percent) |  |  | 0.20% |  |  |  |
Borrowings from revolving line of credit |  |  | $ 433,500,000 | $ 19,200,000 |  |  |
Available for borrowing |  |  | 51,550,000 |  |  |  | $ 280,650,000
Revolving line of credit | Interest Rate Swap |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Percentage of variable interest rate for the current year | 2.30% |  |  |  |  |  |
Percentage of variable interest rate for the upcoming year | 2.40% |  |  |  |  |  |
Revolving line of credit | Subsequent Event |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Available for borrowing |  |  |  |  | $ 114,450,000 |  |
Credit Agreement |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Maximum available under facility |  |  | 500,000,000 |  |  |  |
Contingent increase in maximum borrowing capacity |  |  | $ 1,000,000,000 |  |  |  |
Additional extension period option |  | 1 year | 1 year |  |  |  |
Revolving Credit Facility |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Maximum available under facility | $ 600,000,000 |  | $ 400,000,000 |  |  | $ 425,000,000 |
Contingent increase in maximum borrowing capacity | $ 1,200,000,000 |  |  |  |  |  |
Additional extension period option | 1 year |  |  |  |  |  |
Debt instrument term |  |  | 4 years |  |  |  |
Term loans |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Maximum available under facility |  |  | $ 50,000,000 |  |  |  |
Revolving credit facility credit agreement |  |  |  |  |  |  |
Debt Obligations |  |  |  |  |  |  |
Maximum available under facility |  |  | 500,000,000 |  |  |  |
Contingent increase in maximum borrowing capacity |  |  | 525,000,000 |  |  |  |
Borrowings from revolving line of credit |  |  | 25,000,000 |  |  |  |
Available for borrowing |  |  | $ 475,000,000 |  |  |  |

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