Finance of America Companies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
- Fair Value Measurements (Tables)
- Restatement of Previously Issued Financial Statements (Tables)
Notes Details

Summary of Significant Accounting Policies (Detail)

v3.21.1

Summary of Significant Accounting Policies (Detail) - USD ($)		3 Months Ended			9 Months Ended
	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Apr. 08, 2019	Apr. 05, 2019
Initial Public Offering
Cash equivalents		$ 0			$ 0		$ 0
Offering costs				$ 15,100,000
Underwriter discounts					14,400,000
Total underwriters commission											$ 9,190,000
Other offering costs					$ 638,000
Shares subject to possible redemption		28,750,000			28,750,000				28,750,000
Basic and diluted weighted average shares outstanding of Public Shares		28,750,000	28,750,000		28,750,000	28,750,000
Basic and diluted weighted average shares outstanding of Founder Shares		7,187,500	7,187,500		7,187,500	7,187,500
Remeasuresment of shares subject to possible redemption	$ 26,800,000			$ 26,789,590		$ 30,100,000
Unrecognized tax benefits		$ 0			$ 0				$ 0
Accrual for interest and penalties		$ 0			$ 0				$ 0
IPO
Initial Public Offering
Share price (in dollars per share)								$ 10.00		$ 10.00
Public Shares
Initial Public Offering
Income(loss) allocation ratio		80.00%	80.00%		80.00%	80.00%
Income allocable to all shares		$ 2,200,000	$ 1,100,000		$ 3,600,000	$ 25,000,000
Founder Shares
Initial Public Offering
Income(loss) allocation ratio		20.00%	20.00%		20.00%	20.00%
Income allocable to all shares		$ 2,200,000	$ 1,100,000		$ 3,600,000	$ 25,000,000
Ordinary Shares
Initial Public Offering
Share price (in dollars per share)								$ 10.00		$ 10.00
Accounting Standards Update 2017-11
Initial Public Offering
Shares subject to possible redemption		28,750,000			28,750,000				28,750,000

- Definition

Average number of Founder shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

+ References

No definition available.

+ Details

Name:	foa_BasicAndDilutedWeightedAverageSharesOutstandingOfFounderShares
Namespace Prefix:	foa_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

- Definition

Average number of public shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

+ References

No definition available.

+ Details

Name:	foa_BasicAndDilutedWeightedAverageSharesOutstandingOfPublicShares
Namespace Prefix:	foa_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

- Definition

Net Income (Loss) Attributable To Shareholders

+ References

No definition available.

+ Details

Name:	foa_NetIncomeAttributableToShareholders
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Net income (loss) allocation percentage.

+ References

No definition available.

+ Details

Name:	foa_NetIncomeLossAllocationPercentage
Namespace Prefix:	foa_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Offering costs of professional, printing, filing, regulatory and other costs associated with IPO.

+ References

No definition available.

+ Details

Name:	foa_OtherOfferingCosts
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

Remeasurement of ordinary shares subject to possible redemption.

+ References

No definition available.

+ Details

Name:	foa_RemeasurementOfOrdinarySharesSubjectToPossibleRedemption
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

Aggregate committed underwriting commission extended to underwriters in the sale of shares.

+ References

No definition available.

+ Details

Name:	foa_SalesOfSharesUnderwritingCommissionAggregate
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Shares subject to possible redemption.

+ References

No definition available.

+ Details

Name:	foa_TemporaryEquitySharesSubjectToPossibleRedemption
Namespace Prefix:	foa_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

- Definition

The amount of underwriter discounts.

+ References

No definition available.

+ Details

Name:	foa_UnderwriterDiscounts
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Amount of decrease in additional paid in capital (APIC) resulting from direct costs associated with issuing stock. Includes, but is not limited to, legal and accounting fees and direct costs associated with stock issues under a shelf registration.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

+ Details

Name:	us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_CashEquivalentsAtCarryingValue
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Price of a single share of a number of saleable stocks of a company.

+ References

No definition available.

+ Details

Name:	us-gaap_SharePrice
Namespace Prefix:	us-gaap_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	instant

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_SubsidiarySaleOfStockLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Amount of unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 10B
-URI http://asc.fasb.org/extlink&oid=120406818&loc=SL37586934-109318

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_UnrecognizedTaxBenefits
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of statutory penalties accrued for a tax position claimed or expected to be claimed by the entity, in its tax return.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319

+ Details

Name:	us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Details

Name:	us-gaap_SubsidiarySaleOfStockAxis=us-gaap_IPOMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_SubsidiarySaleOfStockAxis=foa_PublicSharesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_SubsidiarySaleOfStockAxis=foa_FounderSharesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201711Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: