Long-Term Debt - Narrative (Details)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
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Jun. 30, 2025
USD ($)
renewalPeriod
extensionTerm
Rate
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Jun. 30, 2025
USD ($)
extensionTerm
Rate
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Jun. 30, 2024
USD ($)
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Jun. 30, 2025
USD ($)
renewalPeriod
extensionTerm
Rate
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Jun. 30, 2024
USD ($)
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Jun. 17, 2025
USD ($)
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Dec. 31, 2024
USD ($)
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Apr. 17, 2023
USD ($)
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Feb. 16, 2023
USD ($)
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Jun. 05, 2019
USD ($)
tranche
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| Debt Instrument [Line Items] |
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| Repayments of long-term debt |
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$ 594,000,000
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$ 0
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| Debt instrument, repurchase program, maximum amount |
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$ 100,000,000
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| Cash sweeping event | Rate |
175.00%
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175.00%
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175.00%
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| Rapid amortization event | Rate |
120.00%
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120.00%
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120.00%
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| Manager termination event | Rate |
120.00%
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120.00%
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120.00%
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| Interest-only debt service coverage ratio, default event | Rate |
110.00%
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110.00%
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110.00%
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| Debt service coverage ratio | Rate |
330.00%
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330.00%
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330.00%
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| Unamortized debt issuance costs |
$ 13,000,000.0
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$ 13,000,000.0
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$ 13,000,000.0
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$ 7,400,000
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| Gain (loss) on extinguishment of debt |
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$ (850,000)
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$ 0
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$ (850,000)
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0
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| Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II and Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I |
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| Debt Instrument [Line Items] |
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| Number of tranches issued | tranche |
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2
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| Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I |
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| Debt Instrument [Line Items] |
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| Debt interest rate (in percent) |
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4.194%
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| Debt instrument, face amount |
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$ 700,000,000
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| Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II |
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| Debt Instrument [Line Items] |
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| Debt interest rate (in percent) |
4.723%
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4.723%
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4.723%
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4.723%
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4.723%
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| Debt instrument, face amount |
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$ 600,000,000
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| Amortization of debt issuance costs |
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$ 200,000
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$ 400,000
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| Gain (loss) on extinguishment of debt |
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(900,000)
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| Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Repayments of long-term debt |
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$ 594,000,000
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| Amortization of debt issuance costs |
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200,000
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500,000
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| Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2 |
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| Debt Instrument [Line Items] |
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| Debt interest rate (in percent) |
7.824%
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7.824%
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7.824%
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7.824%
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7.824%
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| Debt instrument, face amount |
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$ 500,000,000
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| Debt instrument, term (in years) |
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10 years
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| Additional interest on fixed rate (in percent) |
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5.00%
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| Quarterly principal payment |
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$ 1,250,000
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| Covenant compliance, leverage ratio, maximum | Rate |
525.00%
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525.00%
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525.00%
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| Ratio of indebtedness to net capital | Rate |
425.00%
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425.00%
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425.00%
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| Make-whole premium |
$ 23,900,000
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$ 23,900,000
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$ 23,900,000
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| Annual principal payment |
5,000,000
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5,000,000
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$ 5,000,000
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| Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2 | Ten Year United States Treasury Bill Rate |
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| Debt Instrument [Line Items] |
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| Additional interest on fixed rate (in percent) |
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9.24%
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| Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2 | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Debt issuance costs, gross |
8,000,000
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8,000,000
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$ 8,000,000
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| Amortization of debt issuance costs |
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300,000
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300,000
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600,000
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500,000
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| Debt issuance costs, net |
$ 5,600,000
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$ 5,600,000
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$ 5,600,000
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| Series 2022-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 7.14% at December 31, 2024 |
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| Debt Instrument [Line Items] |
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| Debt interest rate (in percent) |
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7.14%
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| Series 2022-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 7.14% at December 31, 2024 | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Line of credit facility, expired amount |
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$ 325,000,000
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| Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2 |
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| Debt Instrument [Line Items] |
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| Debt interest rate (in percent) |
6.72%
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6.72%
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6.72%
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6.72%
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6.72%
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| Debt instrument, face amount |
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$ 600,000,000
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| Debt instrument, term (in years) |
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10 years
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| Additional interest on fixed rate (in percent) |
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5.00%
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| Quarterly principal payment |
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$ 1,500,000
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$ 1,500,000
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| Covenant compliance, leverage ratio, maximum | Rate |
525.00%
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525.00%
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525.00%
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| Ratio of indebtedness to net capital | Rate |
425.00%
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425.00%
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425.00%
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| Make-whole premium |
$ 42,400,000
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$ 42,400,000
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$ 42,400,000
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| Annual principal payment |
6,000,000
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6,000,000
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$ 6,000,000
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| Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2 | Ten Year United States Treasury Bill Rate |
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| Debt Instrument [Line Items] |
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| Additional interest on fixed rate (in percent) |
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785.00%
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| Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2 | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Debt issuance costs, gross |
7,500,000
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7,500,000
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$ 7,500,000
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| Amortization of debt issuance costs |
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100,000
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100,000
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| Debt issuance costs, net |
$ 7,400,000
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$ 7,400,000
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$ 7,400,000
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| Series 2025-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 6.93% at June 30, 2025 |
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| Debt Instrument [Line Items] |
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| Debt interest rate (in percent) |
6.93%
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6.93%
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6.93%
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| Number of additional extensions | extensionTerm |
2
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2
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2
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| Additional extension (in years) |
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1 year
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| Series 2025-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 6.93% at June 30, 2025 | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Line of credit facility, maximum borrowing capacity |
$ 325,000,000
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$ 325,000,000
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$ 325,000,000
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$ 325,000,000
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| Number of renewal periods | renewalPeriod |
2
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2
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| Renewal period term (in years) |
1 year
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1 year
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| Interest rate after renewal date (in percent) |
5.00%
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| Debt, weighted average interest rate (in percent) |
6.93%
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6.93%
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6.93%
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| Letters of credit outstanding, amount |
$ 600,000
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$ 600,000
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$ 600,000
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| Line of credit facility, current borrowing capacity |
224,400,000
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224,400,000
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224,400,000
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| Debt issuance costs, gross |
4,100,000
|
4,100,000
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4,100,000
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| Amortization of debt issuance costs |
|
300,000
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$ 300,000
|
700,000
|
$ 600,000
|
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| Debt issuance costs, net |
$ 6,900,000
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$ 6,900,000
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6,900,000
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| Series 2025-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 6.93% at June 30, 2025 | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
2.50%
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| Series 2025-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 6.93% at June 30, 2025 | Letter of Credit |
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| Debt Instrument [Line Items] |
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| Proceeds from long-term lines of credit |
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$ 100,000,000
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| Series 2025-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 6.93% at June 30, 2025 | Letter of Credit | Base Rate |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
2.00%
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| Series 2025-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 6.93% at June 30, 2025 | Letter of Credit | Secured Overnight Financing Rate (SOFR) |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
0.50%
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| Series 2025-1 Variable Funding Senior Notes, Class A-1, variable interest rate of 6.93% at June 30, 2025 | Letter of Credit | Federal Funds Rate |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
0.50%
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