XML 54 R41.htm IDEA: XBRL DOCUMENT v3.20.4
Redeemable Non-Controlling Interests (Tables)
 12 Months Ended
Dec. 31, 2020
Stockholders' Equity Attributable to Parent [Abstract]  
Schedule of Call and Put Options Investment Funds
The following table sets forth information about the call and put options for our investment funds:
Call OptionPut Option
Investment Fund NumberFormation DateStart DateEnd DatePurchase PriceStart DateEnd DatePurchase Price
1September 2015March 2021September 2021(1)March 2022March 2023(4)
2April 2017December 2022June 2023(1)December 2023December 2024(4)
3June 2018April 2024October 2024(2)October 2024April 2025(5)
4October 2018June 2024December 2024(2)December 2024June 2025(5)
5December 2019March 2026September 2026(3)September 2026September 2027(6)
(1) Purchase price is equal to the fair market value of such interest at the time the option is exercised.
(2) Purchase price is equal to the greater of (i) the fair market value of such interests at the time the option is exercised or (ii) 7% of the investors’ contributed capital balance at the time the option is exercisable.
(3) Purchase price is equal to the greater of (i) the fair market value of such interests at the time the option is exercised or (ii) 5% of the investors’ contributed capital balance at the time the option is exercisable. The call options are exercisable beginning on the date that specified conditions are met for each respective fund. These dates are estimates, which are subject to change based on the final funding date.
(4) Purchase price is the lessor of fair market value at the time the option is exercised and a specified amount, ranging from $659 to $917.
(5) Purchase price is the sum of (i) the fair market value at the time the option is exercised, and (ii) the closing costs incurred by the investor in connection with the exercise of the put option.
(6) Purchase price is the lessor of fair market value at the time the option is exercised and the sum of (i) 5% of the investors’ contributed capital balance at the time the option is exercisable, and (ii) the fair market value of any unpaid tax law change losses incurred by the investor in connection with the exercise of the put option. These dates are estimates, which are subject to change based on the final funding date.