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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Non-Designated Foreign Exchange Forwards and Interest Rate Caps | The following table summarizes our non-designated Fx forwards and interest rate caps as of September 30, 2025:
|  | September 30, 2025 |
Type of Derivatives |  | Number of Contracts |  |  | Aggregate Notional Amount (in thousands) |  |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity |
Fx contracts - GBP |  |  | 144 |  |  |  | 596,183 |  |  | GBP |  | October 2025 - August 2029 |  |  | 1.40 |
Fx contracts - EUR |  |  | 26 |  |  |  | 256,709 |  |  | EUR |  | November 2025 - August 2028 |  |  | 0.80 |
Fx contracts - SEK |  |  | 11 |  |  |  | 587,718 |  |  | SEK |  | November 2025 - May 2026 |  |  | 0.64 |
Interest rate caps |  |  | 2 |  |  |  | 238,535 |  |  | USD |  | October 2025 - September 2026 |  |  | 0.29 |
The following table summarizes our non-designated Fx forwards and interest rate caps as of December 31, 2024:
|  | December 31, 2024 |
Type of Derivatives |  | Number of Contracts |  |  | Aggregate Notional Amount (in thousands) |  |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity |
Fx contracts - GBP |  |  | 80 |  |  |  | 632,702 |  |  | GBP |  | January 2025 - August 2027 |  |  | 1.39 |
Fx contracts - EUR |  |  | 48 |  |  |  | 355,218 |  |  | EUR |  | January 2025 - August 2026 |  |  | 1.18 |
Fx contracts - SEK |  |  | 14 |  |  |  | 633,231 |  |  | SEK |  | February 2025 - May 2026 |  |  | 1.32 |
Interest rate caps |  |  | 2 |  |  |  | 238,535 |  |  | USD |  | July 2025 - October 2025 |  |  | 0.67 |
Schedule of Amounts Recognized on Condensed 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 three and nine months ended September 30, 2025 and 2024 ($ in thousands):
|  |  |  | Amount of gain (loss) recognized in income |  |  | Amount of gain (loss) recognized in income |
|  |  |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | Location of Gain (Loss) Recognized in Income |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Forward currency contracts |  | Unrealized gain (loss) on derivative instruments |  | $ | 26,788 |  |  | $ | (57,621 | ) |  | $ | (88,723 | ) |  | $ | (38,657 | )
Forward currency contracts |  | Realized gain (loss) on derivative instruments |  |  | (2,541 | ) |  |  | (1,914 | ) |  |  | (8,141 | ) |  |  | 8,897 |
Total |  |  |  | $ | 24,247 |  |  | $ | (59,535 | ) |  | $ | (96,864 | ) |  | $ | (29,760 | )
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, 2025 and 2024 ($ in thousands):
|  |  |  | Amount of gain (loss) recognized in income |  |  | Amount of gain (loss) recognized in income |
|  |  |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | Location of Gain (Loss) recognized in Income |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Interest rate caps |  | Unrealized gain (loss) on interest rate hedging instruments |  | $ | (133 | ) |  | $ | (562 | ) |  | $ | (379 | ) |  | $ | (1,213 | )
Interest rate caps |  | Realized gain on interest rate hedging instruments |  |  | 133 |  |  |  | 548 |  |  |  | 402 |  |  |  | 1,649 |
Total |  |  |  | $ | — |  |  | $ | (14 | ) |  | $ | 23 |  |  | $ | 436 |
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, 2025 and December 31, 2024 ($ in thousands):
|  | September 30, 2025 |  |  | December 31, 2024 |
|  | 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 |  | $ | 8,139 |  |  | $ | (39,109 | ) |  | $ | (30,970 | ) |  | $ | 59,261 |  |  | $ | (1,508 | ) |  | $ | 57,753 |
Interest rate caps |  |  | 37 |  |  |  | — |  |  |  | 37 |  |  |  | 416 |  |  |  | — |  |  |  | 416 |
Total derivative assets (liabilities) |  | $ | 8,176 |  |  | $ | (39,109 | ) |  | $ | (30,933 | ) |  | $ | 59,677 |  |  | $ | (1,508 | ) |  | $ | 58,169 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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