XML 77 R70.htm IDEA: XBRL DOCUMENT 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.