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v3.25.3

Borrowings - Effect of Hedging Derivative Instruments (Details) - Unsecured Notes - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024 | Dec. 31, 2024 | Sep. 23, 2024 | Mar. 22, 2024
6.875% Notes due 2029 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest expense recognized on derivative | $ (1,182) | $ (1,189) | $ (3,184) | $ (2,270) |  |  |
Net expense recognized on fair value hedge | $ (1,161) | (1,447) | $ (2,312) | (2,906) |  |  |
Derivative fixed interest rate | 6.875% |  | 6.875% |  |  |  | 6.875%
Carrying Value | $ 303,026 |  | $ 303,026 |  | $ 296,590 |  |
Cumulative Amount of Basis Adjustment | (5,101) |  | (5,101) |  | 871 |  |
6.875% Notes due 2029 | Not Designated as Hedging Instrument |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Gains (losses) recognized | 719 | 9,092 | 12,436 | 7,539 |  |  |
6.875% Notes due 2029 | Designated as Hedging Instrument |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Gains (losses) recognized | $ (698) | $ (9,350) | $ (11,564) | $ (8,175) |  |  |
6.200% Notes due 2027 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Derivative fixed interest rate | 6.20% |  | 6.20% |  |  | 6.20% |
Carrying Value | $ 297,973 |  | $ 297,973 |  | 291,913 |  |
Cumulative Amount of Basis Adjustment | $ 750 |  | $ 750 |  | $ 6,343 |  |

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