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Stockholders' Equity (Deficit) (Tables) | 12 Months Ended
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Dec. 31, 2020
Stockholders' Equity Note [Abstract] |
Schedule of Preferred Units | As of December 31, 2019, the outstanding preferred units of Open Lending, LLC were as follows:
|  | Series |  |  | Units Authorized |  |  | Units Issued and Outstanding |  |  | Per Unit Liquidation Preference |  |  | Aggregate Liquidation Preference |  |  | Per Unit Initial Conversion Price |
|  |  |  |  | (In thousands, except unit and per unit data ) |
Non-Redeemable Preferred Units |  |  | A |  |  |  | 9,941,227 |  |  |  | 9,941,227 |  |  | $ | 0.50 |  |  | $ | 4,971 |  |  | $ | 0.25 |
Non-Redeemable Preferred Units |  |  | B |  |  |  | 19,117,039 |  |  |  | 19,117,039 |  |  | $ | 0.50 |  |  | $ | 9,559 |  |  | $ | 0.25 |
Redeemable Preferred Units |  |  | C |  |  |  | 21,906,852 |  |  |  | 21,906,852 |  |  | $ | 1.83 |  |  | $ | 40,090 |  |  | $ | 1.83 |
|  |  |  |  |  |  | 50,965,118 |  |  |  | 50,965,118 |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends Declared | The distributions declared by the Board of Directors and made to the preferred units in 2020, 2019 and 2018 are provided in the below table.
Distributions |  | Non-Redeemable Preferred Units |  |  | Redeemable Preferred Units |
|  | Series A |  |  | Series B |  |  | Series C |
|  | (in thousands) |
For the years ended December 31, |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 3,500 |  |  | $ | 6,789 |  |  | $ | 9,066 |
2019 |  | $ | 4,813 |  |  | $ | 9,252 |  |  | $ | 11,058 |
2020 |  | $ | 18,098 |  |  | $ | 34,802 |  |  | $ | 40,689 |

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- Definition Tabular disclosure of preferred units of master limited partnerships that have priority over limited partner units in areas including liquidation, redemption, conversion, tax status of distribution or sharing in distributions. This schedule ordinarily includes a description of the preferred units that details various rights including redemption, conversion, liquidation, and sharing in distributions; capital contributed by preferred partners; number of preferred units authorized to be issued, issued, and outstanding; aggregate cumulative cash distributions made to the preferred partners; aggregate cumulative net income earned by the preferred partners; capital account balance of the preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
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