Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisitions - Fair Value of Consideration Transferred and Assets Acquired and Liabilities Assumed (Details)

v3.25.0.1
Acquisitions - Fair Value of Consideration Transferred and Assets Acquired and Liabilities Assumed (Details) - American Advisors Group (AAG)
$ / shares in Units, $ in Thousands
Oct. 29, 2024
shares
Mar. 31, 2023
USD ($)
units
$ / shares
shares
Consideration transferred:    
Cash consideration   $ 3,100
Notes payable to Seller   4,500
Pay off indebtedness   136,984
Other liabilities assumed   8,429
Buyer transaction expenses   770
Forgiveness of bridge working capital notes payable   24,034
Total cost   215,373
Assets acquired:    
Fixed assets and leasehold improvements   2,400
Right-of-use leased assets   491
Other assets   6,270
Total assets acquired   5,596,143
Liabilities assumed:    
Operating lease liabilities   492
Payables and other liabilities   25,906
Total liabilities assumed   5,380,770
Net identifiable assets acquired   $ 215,373
Minimum    
Liabilities assumed:    
Business combination, contingent consideration, period (in years)   2 years
Maximum    
Liabilities assumed:    
Business combination, contingent consideration, period (in years)   3 years
Class A LLC Units    
Consideration transferred:    
Initial equity consideration – Class A LLC Units (Note 30 - Equity)   $ 24,419
Deferred equity consideration – Class A LLC Units (Note 30 - Equity)   $ 13,137
Liabilities assumed:    
Shares issued at closing of transaction | shares   1,969,299
Conversion rights   1
Price per share (in dollars per share) | $ / shares   $ 12.40
Contingent equity consideration, number of types | units   2
Class A LLC Units, Equity Classified, Indemnity Holdback    
Consideration transferred:    
Deferred equity consideration – Class A LLC Units (Note 30 - Equity)   $ 4,400
Total cost   $ 140,900
Liabilities assumed:    
Contingent equity consideration (in shares) | shares   714,226
Contingent equity consideration, threshold (in shares) | shares   357,113
Class A LLC Units, Liability Classified    
Consideration transferred:    
Deferred equity consideration – Class A LLC Units (Note 30 - Equity)   $ 8,700
Liabilities assumed:    
Shares issued at closing of transaction | shares 705,841  
Contingent equity consideration (in shares) | shares   705,841
Class B Common Stock    
Consideration transferred:    
FoA Class B Common Stock (Note 30 - Equity)   $ 0
Liabilities assumed:    
Shares issued at closing of transaction | shares   1
Loans held for investment, subject to HMBS related obligations    
Assets acquired:    
Loans held for investment   $ 5,448,712
Loans held for investment    
Assets acquired:    
Loans held for investment   138,270
HMBS related obligations    
Liabilities assumed:    
HMBS related obligations   $ 5,354,372