Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):

	Fair Value Measurements as of June 30, 2023
	Level 1		Level 2		Level 3		Total
Assets
Interest rate cap contracts	$	—	$	34,957	$	—	$	34,957
Liabilities
Cross-currency swap agreements	—		(33,819)		—		(33,819)

	Fair Value Measurements as of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
Interest rate cap contracts	$	—	$	36,807	$	—	$	36,807
Liabilities
Cross-currency swap agreements	—		(36,918)		—		(36,918)

Schedule of Financial Instruments Not Required to be Carried at Fair Value

The carrying amounts in the following table are included in the condensed consolidated statements of financial condition as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023				December 31, 2022
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets
Investment in receivable portfolios, net	$	3,330,986	$	3,426,757	$	3,088,261	$	3,242,506
Financial Liabilities
Global senior secured revolving credit facility	850,689		850,689		661,738		661,738
Encore private placement notes	48,850		48,000		68,390		66,947
Senior secured notes(1)	1,527,085		1,375,574		1,480,258		1,334,686
Exchangeable senior notes due September 2023	17,655		19,690		172,500		205,227
Convertible senior notes due October 2025	100,000		131,878		100,000		130,556
Convertible senior notes due March 2029	230,000		225,188		—		—
Cabot securitisation senior facility	443,828		443,828		423,522		423,522
Other borrowings	18,633		18,633		23,512		23,512

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(1)Carrying amount represents historical cost, adjusted for any related debt discount or debt premium.