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Derivatives and Hedging Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments
The following table summarizes the fair value of derivative instruments as recorded in the Company’s condensed consolidated statements of financial condition (in thousands):
 September 30, 2025December 31, 2024
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Interest rate cap contractsOther assets$188 Other assets$252 
Interest rate swap agreementsOther liabilities(19,040)Other liabilities(18,360)
Schedule of Derivative Instruments
The following tables summarize the terms of the derivative instruments designated as hedging instruments as recorded in the Company’s condensed consolidated statements of financial condition:

September 30, 2025
Effective dateMaturity DateHedge DesignationNotional AmountReceive Floating Rate Index
Interest rate cap contracts
2024 CapSeptember 2024September 2026Cash flow hedge$342.9 millionSONIA
2025 Cap
September 2026January 2028Cash flow hedge$342.9 million
SONIA
Interest rate swap agreements
2023 Euro IR SwapOctober 2023January 2028Cash flow hedge$117.4 million3-month EURIBOR
2024 Euro IR SwapsJune 2024January 2028Cash flow hedge$487.1 million3-month EURIBOR
2023 SOFR IR Swaps - U.S.Facility
November 2023October 2026
Cash flow hedge
$150.0 million
1-month SOFR CME Term
2025 SOFR IR Swaps - U.S.Facility
January 2025October 2027Cash flow hedge$125.0 million1-month SOFR CME Term
2025 SOFR IR Swaps - Global Senior Facility
April 2025April 2027Cash flow hedge$150.0 million1-month SOFR CME Term

December 31, 2024
Effective dateMaturity DateHedge DesignationNotional AmountReceive Floating Rate Index
Interest rate cap contracts
2024 CapSeptember 2024September 2026Cash flow hedge$319.1 millionSONIA
Interest rate swap agreements
2023 Euro IR SwapOctober 2023January 2028Cash flow hedge$103.5 million3-month EURIBOR
2024 Euro IR Swaps
June 2024January 2028Cash flow hedge$429.6 million3-month EURIBOR
2023 SOFR IR Swaps - U.S.Facility
November 2023October 2026Cash flow hedge$150.0 million1-month SOFR CME Term
Schedule of Effects of Derivatives in Cash Flow Hedging Relationships
The following tables summarize the effects of derivatives designated as hedging instruments in the Company’s condensed consolidated financial statements (in thousands):
Derivatives Designated as Hedging InstrumentsGain (Loss) Recognized in OCILocation of Gain (Loss) Reclassified from OCI into Income (Loss)
(Loss) Gain Reclassified from OCI into Income
Three Months Ended September 30,Three Months Ended September 30,
2025202420252024
Interest rate swap agreements$2,251 $(15,272)Interest expense$(1,368)$1,078 
Interest rate cap contracts(302)(2,460)Interest expense(416)(382)
Cross-currency swap agreements— 29,718 Interest expense— (997)
Other income— 35,602 
Derivatives Designated as Hedging Instruments
(Loss) Gain Recognized in OCI
Location of Gain (Loss) Reclassified from OCI into Income (Loss)
(Loss) Gain Reclassified from OCI into Income
Nine Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest rate swap agreements$(3,558)$2,001 Interest expense$(2,878)$2,273 
Interest rate cap contracts(1,621)(14,288)Interest expense(1,194)(1,758)
Cross-currency swap agreements— 12,419 Interest expense— (4,534)
Other income— 22,722 
Schedule of Derivatives Not Designated as Hedging Instruments
The following table summarizes the effects of derivatives not designated as hedging instruments on the Company’s condensed consolidated statements of income during the periods presented (in thousands):
Derivatives Not Designated as Hedging InstrumentsLocation of (Loss) Gain Recognized in Income on DerivativeAmount of (Loss) Gain Recognized in Income
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest rate cap contract
Other (expense) income$— $(7)$— $267 
Foreign currency exchange contract
Other expense— (8,098)— (7,225)