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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):
| Fair Value Measurements as of June 30, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |
Interest rate cap contracts | $ | — |  |  | $ | 18,658 |  |  | $ | — |  |  | $ | 18,658 |
Liabilities |  |  |  |  |  |  |
Cross-currency swap agreements | — |  |  | (42,018) |  |  | — |  |  | (42,018) |
Contingent consideration | — |  |  | — |  |  | (2,568) |  |  | (2,568) |
| Fair Value Measurements as of December 31, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |
Interest rate cap contracts | $ | — |  |  | $ | 3,541 |  |  | $ | — |  |  | $ | 3,541 |
Liabilities |  |  |  |  |  |  |
Cross-currency swap agreements | — |  |  | (16,902) |  |  | — |  |  | (16,902) |
Contingent consideration | — |  |  | — |  |  | (5,218) |  |  | (5,218) |
Schedule of Roll Forward of the Fair Value of Contingent Consideration | The following table provides a roll-forward of the fair value of contingent consideration for the six months ended June 30, 2022 and year ended December 31, 2021 (in thousands):
| Amount
Balance as of December 31, 2020 | $ | 2,957 |
Issuance of contingent consideration in connection with purchase of noncontrolling interest | 2,913 |
Change in fair value of contingent consideration | (388) |
Payment of contingent consideration | (180) |
Effect of foreign currency translation | (84) |
Balance as of December 31, 2021 | 5,218 |
Change in fair value of contingent consideration | 794 |
Payment of contingent consideration | (2,813) |
Effect of foreign currency translation | (631) |
Balance as of June 30, 2022 | $ | 2,568 |
Schedule of Financial Instruments Not Required to be Carried at Fair Value | The carrying amounts in the following table are included in the consolidated statements of financial condition as of June 30, 2022 and December 31, 2021 (in thousands):
| June 30, 2022 |  | December 31, 2021
| Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Financial Assets |  |  |  |  |  |  |
Investment in receivable portfolios, net | $ | 3,035,123 |  |  | $ | 3,339,365 |  |  | $ | 3,065,553 |  |  | $ | 3,416,926 |
Financial Liabilities |  |  |  |  |  |  |
Convertible senior notes due March 2022(1) | — |  |  | — |  |  | 150,000 |  |  | 195,009 |
Exchangeable senior notes due September 2023 | 172,500 |  |  | 239,049 |  |  | 172,500 |  |  | 257,782 |
Convertible senior notes due October 2025 | 100,000 |  |  | 152,268 |  |  | 100,000 |  |  | 165,887 |
Senior secured notes(2) | 1,465,192 |  |  | 1,354,150 |  |  | 1,606,327 |  |  | 1,652,246 |
Encore private placement notes | 87,930 |  |  | 84,389 |  |  | 107,470 |  |  | 108,652 |
_______________________ (1)The 2022 Convertible Senior Notes matured on March 15, 2022 and the Company repaid the notes in cash. (2)Carrying amount represents historical cost, adjusted for any related debt discount or debt premium.

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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