v3.25.2
Fair Value Measurements
 3 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following summarizes the financial assets and liabilities measured at fair value on a recurring basis:    

June 30, 2025June 30, 2024March 31, 2025
Level 2Level 3Total
at Fair
Value		Level 2Level 3Total
at Fair
Value		Level 2Level 3Total
at Fair
Value
Financial Assets:
Derivative financial instruments$1,322 $— $1,322 $— $— $— $982 $— $982 
Securitized beneficial interests— 16,103 16,103 — 25,640 25,640 — 29,354 29,354 
Total assets$1,322 $16,103 $17,425 $— $25,640 $25,640 $982 $29,354 $30,336 
Financial Liabilities:
Derivative financial instruments$— $— $— $1,834 $— $1,834 $57 $— $57 
Long-term debt(1)
439,316 — 439,316 455,789 160 455,949 433,885 12 433,897 
Guarantees— 3,287 3,287 — 2,611 2,611 — 6,459 6,459 
Total liabilities$439,316 $3,287 $442,603 $457,623 $2,771 $460,394 $433,942 $6,471 $440,413 
(1) This fair value measurement disclosure does not affect the condensed consolidated balance sheets.

The following summarizes the reconciliation of changes in Level 3 instruments measured on a recurring basis:

Three Months Ended
June 30, 2025June 30, 2024
Securitized Beneficial InterestsLong-Term DebtGuaranteesSecuritized Beneficial InterestsLong-Term DebtGuarantees
Balance, beginning of period$29,354 $12 $6,459 $15,036 $160 $5,097 
Issuances30,431 — 300 61,029 — 938 
Settlements(42,023)(12)(1,242)(45,233)— (715)
Losses recognized in earnings(1,659)— (2,230)(5,192)— (2,709)
Balance, end of period$16,103 $— $3,287 $25,640 $160 $2,611 

For the three months ended June 30, 2025 and 2024, the impact to earnings attributable to the change in unrealized losses on securitized beneficial interests was $633 and $1,250, respectively. Gains and losses included in earnings are reported in other expense, net.