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v3.26.1

Other Debt - Summary of Maximum Borrowing Capacity and Current Gross Balances Outstanding (Details) - USD ($) |  |  |  |  |  | 3 Months Ended |
--- | --- | --- | --- | --- | --- | --- | ---
Nov. 07, 2024 | Jul. 25, 2024 | Dec. 27, 2023 | Apr. 16, 2021 | Jan. 29, 2021 | Mar. 31, 2026 | Dec. 31, 2025
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Period End Balance |  |  |  |  |  |  | $ 99,354,000 |  | $ 310,439,000 | [1]
Maximum Borrowing Capacity |  |  |  |  |  |  | $ 935,000,000 |  | 935,000,000 |
September 2022 Term Repurchase Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  |  |  |  |  | Jan. 04, 2011 |  |  |
Current Maturity Date |  |  |  |  |  |  | Jul. 31, 2026 |  |  |
Maximum Borrowing Capacity |  |  |  |  |  |  | $ 60,000,000 |  | $ 60,000,000 |
Effective Interest Rate |  |  |  |  |  |  |  |  | 6.00% |
2013 Repurchase Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  |  |  |  |  | May 17, 2013 |  |  |
Current Maturity Date |  |  |  |  |  |  | Sep. 23, 2026 |  |  |
Period End Balance | [1] |  |  |  |  |  |  |  | $ 132,100,000 |
Maximum Borrowing Capacity |  |  |  |  |  |  | $ 400,000,000 |  | $ 400,000,000 |
Effective Interest Rate |  |  |  |  |  |  | 7.60% |  | 7.60% |
2021/2024 Repurchase Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Current Maturity Date |  |  |  |  |  |  | May 20, 2026 |  |  |
Period End Balance | [1] |  |  |  |  |  |  |  | $ 105,712,000 |
Maximum Borrowing Capacity |  |  |  |  |  |  | $ 200,000,000 |  | $ 200,000,000 |
Effective Interest Rate |  |  |  |  |  |  | 8.20% |  | 7.90% |
2021 Term Repurchase Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  |  |  | Apr. 16, 2021 |  | Apr. 16, 2021 |  |  |
Current Maturity Date |  |  |  |  | Apr. 14, 2028 |  | Apr. 14, 2028 |  |  |
Period End Balance | [1] |  |  |  |  |  |  |  | $ 18,132,000 |
Maximum Borrowing Capacity |  |  |  |  | $ 100,000,000 |  | $ 100,000,000 |  | $ 100,000,000 |
Effective Interest Rate |  |  |  |  |  |  | 7.90% |  | 7.70% |
2023 Repurchase Agreement |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  |  | Dec. 27, 2023 |  |  |  |  |  |
Current Maturity Date |  |  |  | Dec. 27, 2026 |  |  |  |  |  |
2023 Repurchase Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  |  |  |  |  | Dec. 27, 2023 |  |  |
Current Maturity Date |  |  |  |  |  |  | Dec. 27, 2026 |  |  |
Period End Balance |  |  |  |  |  |  | $ 50,000,000 |  | $ 24,400,000 | [1]
Maximum Borrowing Capacity |  |  |  |  |  |  | $ 125,000,000 |  | $ 125,000,000 |
Effective Interest Rate |  |  |  |  |  |  | 11.00% | [2] | 8.80% |
2024 Bank Credit Agreement |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  | Nov. 07, 2024 |  |  |  |  |  |  |  |
Current Maturity Date |  | May 07, 2027 |  |  |  |  |  |  |  |
2024 Bank Credit Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  |  |  |  |  | Nov. 07, 2024 |  |  |
Current Maturity Date |  |  |  |  |  |  | May 07, 2027 |  |  |
Period End Balance |  |  |  |  |  |  | $ 49,354,000 |  | $ 30,095,000 | [1]
Maximum Borrowing Capacity |  |  |  |  |  |  | $ 50,000,000 |  | $ 50,000,000 |
Effective Interest Rate |  |  |  |  |  |  | 7.90% |  | 8.70% |
2024 Bank Credit Agreement | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Maximum Borrowing Capacity |  |  |  |  |  |  | $ 50,000,000 |  |  |
2021 Repurchase Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  |  |  |  | Jan. 29, 2021 | Jan. 29, 2021 |  |  |
Current Maturity Date |  |  |  |  |  | May 20, 2026 |  |  |  |
Maximum Borrowing Capacity |  |  |  |  |  | $ 200,000,000 |  |  |  |
2024 Repurchase Agreement | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Contract Date |  |  | Jul. 25, 2024 |  |  |  | Jul. 25, 2024 |  |  |
Current Maturity Date |  |  | May 20, 2026 |  |  |  |  |  |  |
Maximum Borrowing Capacity |  |  | $ 200,000,000 |  |  |  |  |  |  |
[1] | Warehouse repurchase facilities amounts on the Consolidated Balance Sheets are net of debt issuance costs, amounting to $1.3 million and $1.9 million as of March 31, 2026 and December 31, 2025, respectively.
[2] | The higher effective interest rate for the 2023 repurchase agreement reflects the lower average outstanding balance during the quarter, which resulted from the paydown of the warehouse line using proceeds from the Company's unsecured debt issuance.

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