Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2023
	Level 1		Level 2		Level 3		Total
Assets
Interest rate cap contracts	$	—	$	24,018	$	—	$	24,018
Liabilities
Cross-currency swap agreements	—		(59,071)		—		(59,071)

	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 September 30, 2023 and December 31, 2022 (in thousands):

	September 30, 2023				December 31, 2022
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets
Investment in receivable portfolios, net	$	3,320,544	$	3,451,720	$	3,088,261	$	3,242,506
Financial Liabilities
Global senior secured revolving credit facility	863,707		863,707		661,738		661,738
Encore private placement notes	39,080		38,212		68,390		66,947
Senior secured notes(1)	1,476,097		1,385,506		1,480,258		1,334,686
Exchangeable senior notes due September 2023	—		—		172,500		205,227
Convertible senior notes due October 2025	100,000		130,269		100,000		130,556
Convertible senior notes due March 2029	230,000		223,256		—		—
Cabot securitisation senior facility	408,680		408,680		423,522		423,522
Other borrowings	26,830		26,830		23,512		23,512

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