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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
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 September 30, 2025
 Level 1Level 2Level 3Total
Assets
Interest rate cap contracts$— $188 $— $188 
Liabilities
Interest rate swap agreements
— (19,040)— (19,040)
 Fair Value Measurements as of December 31, 2024
 Level 1Level 2Level 3Total
Assets
Interest rate cap contracts$— $252 $— $252 
Liabilities
Interest rate swap agreements— (18,360)— (18,360)
Schedule of Financial Instruments Not Required to be Carried at Fair Value
The carrying amounts in the following table are included in the condensed consolidated statements of financial condition as of September 30, 2025 and December 31, 2024 (in thousands):
 September 30, 2025December 31, 2024
 
Fair Value Level
Carrying AmountEstimated Fair ValueCarrying AmountEstimated Fair Value
Financial Assets
Cash and cash equivalents
Level 1
$172,488 $172,488 $199,865 $199,865 
Receivable portfolios, net
Level 3
4,270,016 4,547,021 3,776,369 4,052,645 
Other assets(2)
Level 2
114,096 114,096 128,674 128,674 
Financial Liabilities
Accounts payable and accrued liabilities
Level 2
259,884 259,884 233,545 233,545 
Global senior secured revolving credit facility
Level 2
927,250 927,250 865,365 865,365 
Senior secured notes(1)
Level 2
1,938,354 1,988,005 1,843,386 1,893,367 
Convertible senior notes due October 2025
Level 2
100,000 105,915 100,000 129,100 
Convertible senior notes due March 2029
Level 2
230,000 227,578 230,000 232,611 
Cabot securitisation senior facility
Level 2
342,899 342,899 319,137 319,137 
U.S. facility
Level 2
352,500 352,500 283,500 283,500 
Other borrowings
Level 2
70,270 70,270 64,904 64,904 
Other liabilities(2)
Level 2
92,247 92,247 97,731 97,731 
_______________________
(1)Carrying amount represents historical cost, adjusted for any related debt discount.
(2)Only includes financial instruments not required to be carried at fair value. Derivative instruments, which are required to be carried at fair value are excluded.