Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
Acquisitions - Fair Value of Consideration Transferred and Assets Acquired and Liabilities Assumed (Details) - American Advisors Group (AAG)
$ / shares in Units, $ in Thousands
 3 Months Ended
Jun. 30, 2023
units
shares
Mar. 31, 2023
USD ($)
units
$ / shares
shares
Jun. 30, 2023
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   2 years  
Maximum      
Liabilities assumed:      
Business combination, contingent consideration, period   3 years  
Class A LLC Units      
Consideration transferred:      
Initial equity consideration – Class A LLC Units (Note 24 - Equity)   $ 24,419  
Deferred equity consideration – Class A LLC Units (Note 24 - Equity)   $ 13,137  
Liabilities assumed:      
Shares issued at closing of transaction | shares   19,692,990  
Conversion ratio   1  
Price per share (in dollars per share) | $ / shares   $ 1.24  
Contingent equity consideration, number of types | units 2 2  
Class A LLC Units, Equity Classified, Indemnity Holdback      
Consideration transferred:      
Deferred equity consideration – Class A LLC Units (Note 24 - Equity)   $ 8,700  
Total cost   $ 140,900  
Liabilities assumed:      
Contingent equity consideration (in shares) | shares 7,058,416 7,058,416  
Contingent equity consideration, threshold (in shares) | shares   3,571,130  
Class A LLC Units, Liability Classified      
Consideration transferred:      
Deferred equity consideration – Class A LLC Units (Note 24 - Equity)   $ 4,400  
Liabilities assumed:      
Contingent equity consideration (in shares) | shares   7,142,260 7,142,260
Common Class B      
Consideration transferred:      
FoA Class B Common Stock (Note 24 - Equity)   $ 0  
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