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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Non-Designated Foreign Exchange Forwards | The following table summarizes our non-designated Fx forwards and interest rate cap as of September 30, 2023:
| September 30, 2023
Type of Derivatives | Number of Contracts |  | Aggregate Notional Amount (in thousands) |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity
Fx contracts - GBP | 110 |  | 934,662 |  | GBP |  | October 2023 - February 2027 |  | 1.29
Fx contracts - EUR | 99 |  | 424,355 |  | EUR |  | October 2023 - August 2026 |  | 1.17
Fx contracts - SEK | 17 |  | 689,627 |  | SEK |  | November 2023 - May 2026 |  | 2.36
Interest rate cap | 1 |  | 164,835 |  | USD |  | October 2024 |  | 1.00
The following table summarizes our non-designated Fx forwards and interest rate cap as of December 31, 2022:
| December 31, 2022
Type of Derivatives | Number of Contracts |  | Aggregate Notional Amount (in thousands) |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity
Fx contracts - GBP | 124 |  | 936,930 |  | GBP |  | January 2023 - February 2027 |  | 1.78
Fx contracts - EUR | 130 |  | 576,240 |  | EUR |  | January 2023 - November 2025 |  | 1.78
Fx contracts - SEK | 19 |  | 730,432 |  | SEK |  | February 2023 - May 2026 |  | 2.95
Interest rate cap | 1 |  | 500,000 |  | USD |  | June 2023 |  | 0.46
Schedule of Amounts Recognized on Consolidated Statements of Operations Related to Company's Derivatives | The following table summarizes the amounts recognized on our condensed consolidated statements of operations related to our forward currency contracts for the nine months ended September 30, 2023 and 2022 ($ in thousands):
|  |  | Amount of gain (loss) recognized in income
|  |  | Three months ended September 30, |  | Nine months ended September 30,
| Location of Gain (Loss) Recognized in Income |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
Forward currency contracts | Unrealized gain (loss) on derivative instruments |  | $ | 28,244 |  |  | $ | 108,428 |  |  | $ | (27,709) |  |  | $ | 221,623 |  |
Forward currency contracts | Realized gain on derivative instruments |  | 11,246 |  |  | 20,824 |  |  | 35,948 |  |  | 35,604 |  |
Total |  |  | $ | 39,490 |  |  | $ | 129,252 |  |  | $ | 8,239 |  |  | $ | 257,227 |  |
The following table summarizes the amounts recognized on our condensed consolidated statements of operations related to our interest rate caps for the three and nine months ended September 30, 2023 and 2022 ($ in thousands):
|  |  | Amount of gain (loss) recognized in income
|  |  | Three months ended September 30, | Nine months ended September 30,
| Location of Gain (Loss) Recognized in Income |  | 2023 |  | 2022 | 2023 |  | 2022
Interest rate cap | Unrealized gain (loss) on interest rate hedging instruments |  | $ | (70) |  |  | $ | 1,044 |  | $ | (9,211) |  |  | $ | 10,808 |
Interest rate cap | Realized gain on interest rate hedging instruments |  | — |  |  | — |  | 9,089 |  |  | — |
Total |  |  | $ | (70) |  |  | $ | 1,044 |  | $ | (122) |  |  | $ | 10,808 |
Schedule of Gross Asset and Liability Amounts Related to Derivatives | The following tables summarize the gross asset and liability amounts related to our derivatives at September 30, 2023 and December 31, 2022 ($ in thousands):
| September 30, 2023 |  | December 31, 2022
| Gross Amount of Recognized Assets |  | Gross Amounts Offset in our Condensed Consolidated Balance Sheet |  | Net Amounts of Assets Presented in our Condensed Consolidated Balance Sheet |  | Gross Amount of Recognized Assets |  | Gross Amounts Offset in our Consolidated Balance Sheet |  | Net Amounts of Assets Presented in our Consolidated Balance Sheet
Forward currency contracts | $ | 112,698 |  |  | $ | (20,908) |  |  | $ | 91,790 |  |  | $ | 143,285 |  |  | $ | (23,786) |  |  | $ | 119,499 |
Interest rate cap | 2,247 |  |  | — |  |  | 2,247 |  |  | 9,141 |  |  | — |  |  | 9,141 |
Total derivative assets (liabilities) | $ | 114,945 |  |  | $ | (20,908) |  |  | $ | 94,037 |  |  | $ | 152,426 |  |  | $ | (23,786) |  |  | $ | 128,640 |

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