XML 51 R42.htm IDEA: XBRL DOCUMENT v3.23.3
Summary of Significant Accounting Policies - Merger (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended 15 Months Ended
Mar. 31, 2023
USD ($)
$ / shares
shares
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Purchase consideration            
Cash consideration paid by the Company to iStar       $ 88,685    
Impairment of goodwill   $ 145,365   145,365    
Purchase price allocation            
Deferred tax asset, net   7,173   7,173 $ 7,173  
Operating lease, right-of-use asset   $ 34,981   $ 34,981 $ 34,981 $ 26,312
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]   Deferred Costs and Other Assets   Deferred Costs and Other Assets Deferred Costs and Other Assets Deferred Costs and Other Assets
Office furniture and equipment   $ 1,078   $ 1,078 $ 1,078  
Operating lease liability   $ 17,047   $ 17,047 $ 17,047 $ 5,471
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]   Accounts payable, accrued expenses and other liabilities   Accounts payable, accrued expenses and other liabilities Accounts payable, accrued expenses and other liabilities Accounts payable, accrued expenses and other liabilities
Secured term loan facility            
Purchase consideration            
Provision for credit losses       $ 2,300    
iStar Merger            
Purchase consideration            
Total Company shares as purchase price | shares 1,195,034          
Stock price of the Company's common stock | $ / shares $ 29.78          
Fair value of the Company's stock transferred $ 35,588          
Cash consideration paid by the Company to iStar 88,685          
Purchase consideration $ 124,273          
Shares issued as settled for iStar preexisting investment in the Company which are excluded from purchase consideration | shares 12,700,000          
Merger expenses       18,900 $ 26,600  
Merger related nonrecurring charges       3,000    
Impairment of goodwill       145,365    
Purchase price allocation            
Cash and cash equivalents $ 3,213          
Real estate 1,508          
Equity investments 61,247          
Deferred tax asset, net 6,292   $ 6,300      
Deferred expenses and other assets 31,922          
Total assets acquired 104,182          
Accounts payable, accrued expenses and other liabilities (25,279)          
Debt obligations, net (99,995)          
Total liabilities assumed (125,274)          
Net identifiable liabilities acquired (21,092)          
Goodwill 145,365          
Operating lease, right-of-use asset $ 11,000          
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Deferred Costs and Other Assets          
Prepaid expenses $ 4,700          
Operating lease liability $ 14,200          
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accounts payable, accrued expenses and other liabilities          
Obligations assumed which are directly offset by corresponding equivalent cash and receivable assets acquired sufficient to settle such obligations. $ 8,700          
Deferred tax assets valuation allowance     2,800      
Reduction in goodwill     $ 6,300      
iStar Merger | Fair Value, Inputs, Level 3            
Purchase price allocation            
Equity Securities, FV-NI, Measurement Input [Extensible Enumeration] Measurement Input, Discount Rate          
Debt Instrument, Measurement Input 6.7          
Debt Instrument, Measurement Input [Extensible Enumeration] Measurement Input, Discount Rate          
iStar Merger | Fair Value, Inputs, Level 3 | Measurement Input, Discount Rate | Minimum            
Purchase price allocation            
Equity Securities, FV-NI, Measurement Input 0.072          
iStar Merger | Fair Value, Inputs, Level 3 | Measurement Input, Discount Rate | Maximum            
Purchase price allocation            
Equity Securities, FV-NI, Measurement Input 0.139          
iStar Merger | Deferred expenses and other assets            
Purchase price allocation            
In-place prepaid contracts $ 2,100          
Office furniture and equipment 1,300          
Other receivables 6,300          
iStar Merger | Other expense            
Purchase consideration            
Merger expenses   $ 100   14,100    
Merger related nonrecurring charges       900    
iStar Merger | General and Administrative Expense            
Purchase consideration            
Merger expenses       4,800    
iStar Merger | Preliminary Purchase Price Allocation            
Purchase consideration            
Purchase consideration 124,273          
Purchase price allocation            
Cash and cash equivalents 3,213          
Real estate 1,508          
Equity investments 61,247          
Deferred expenses and other assets 25,442          
Total assets acquired 91,410          
Accounts payable, accrued expenses and other liabilities (22,939)          
Debt obligations, net (99,995)          
Total liabilities assumed (122,934)          
Net identifiable liabilities acquired (31,524)          
Goodwill 155,797          
iStar Merger | Measurement Period Adjustment            
Purchase price allocation            
Deferred tax asset, net 6,292          
Deferred expenses and other assets 6,480 6,500   6,500 6,500  
Total assets acquired 12,772          
Accounts payable, accrued expenses and other liabilities (2,340) $ (2,300)   $ (2,300) $ (2,300)  
Total liabilities assumed (2,340)          
Net identifiable liabilities acquired 10,432          
Goodwill $ (10,432)