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v3.25.1

Borrowings - Effect of Hedging Derivative Instruments (Details) - Unsecured Notes - USD ($) $ in Thousands | 3 Months Ended |  |  |
--- | --- | --- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024 | Sep. 23, 2024 | Mar. 22, 2024
6.875% Notes due 2029 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest expense recognized on derivative | $ (928) | $ (64) |  |  |
Net expense recognized on fair value hedge | $ (173) | (157) |  |  |
Derivative fixed interest rate | 6.875% |  |  |  | 6.875%
Carrying Value | $ 300,053 |  | $ 296,590 |  |
Cumulative Amount of Basis Adjustment | (2,438) |  | 871 |  |
6.875% Notes due 2029 | Not Designated as Hedging Instrument |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Gains (losses) recognized | 7,172 | (424) |  |  |
6.875% Notes due 2029 | Designated as Hedging Instrument |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Gains (losses) recognized | $ (6,417) | $ 331 |  |  |
6.200% Notes due 2027 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Derivative fixed interest rate | 6.20% |  |  | 6.20% |
Carrying Value | $ 295,174 |  | 291,913 |  |
Cumulative Amount of Basis Adjustment | $ 3,235 |  | $ 6,343 |  |

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