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Stockholders' Equity (Deficit) (Tables)

12 Months Ended

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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Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

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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
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-Paragraph 5
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