Derivatives and Hedging Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The following table summarizes the fair value of derivative instruments as recorded in the Company’s condensed consolidated statements of financial condition (in thousands):

	June 30, 2023			December 31, 2022
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate cap contracts	Other assets	$	34,957	Other assets	$	36,807
Cross-currency swap agreements	Other liabilities	(33,819)		Other liabilities	(36,918)

Effects of Derivatives in Cash Flow Hedging Relationships

The following tables summarize the effects of derivatives designated as hedging instruments in the Company’s condensed consolidated financial statements (in thousands):

Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI				Location of Gain (Loss) Reclassified from OCI into Income (Loss)	Gain (Loss) Reclassified from OCI into Income (Loss)
	Three Months Ended June 30,					Three Months Ended June 30,
	2023		2022			2023		2022
Interest rate cap contracts	$	3,423	$	6,587	Interest expense	$	(391)	$	(183)
Cross-currency swap agreements	(1,896)		(22,435)		Interest expense	(1,395)		(2,136)
					Other income (expense)	1,351		(20,376)

Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI				Location of Gain (Loss) Reclassified from OCI into Income (Loss)	Gain (Loss) Reclassified from OCI into Income (Loss)
	Six Months Ended June 30,					Six Months Ended June 30,
	2023		2022			2023		2022
Interest rate cap contracts	$	(3,501)	$	16,350	Interest expense	$	(841)	$	(353)
Cross-currency swap agreements	170		(28,839)		Interest expense	(2,903)		(3,723)
					Other income (expense)	6,504		(30,852)