XML 64 R46.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional information (A-H) (Details)
 3 Months Ended 12 Months Ended
May 03, 2024
USD ($)
Aug. 21, 2023
USD ($)
Sep. 23, 2022
USD ($)
Mar. 31, 2024
USD ($)
loanReceivable
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Jun. 30, 2024
USD ($)
Feb. 14, 2024
USD ($)
Dec. 18, 2023
USD ($)
Jan. 12, 2023
USD ($)
Sep. 09, 2022
USD ($)
Accounting Policies [Line Items]                      
Loans receivable, at fair value (includes $355,287 and $387,657 from related parties as of March 31, 2024 and December 31, 2023, respectively)       $ 452,496,000   $ 532,419,000          
Number of existing loan receivable | loanReceivable       2              
Loans receivable, at fair value       $ 452,496,000   532,419,000          
Loans receivable, fair value disclosure, maximum loss exposure       330,898,000   368,074,000          
Advertising costs       2,410,000 $ 2,937,000            
Restricted cash       1,889,000   1,875,000          
Financing receivable, unamortized loan cost (fee) and purchase premium (discount)       5,226,000   7,755,000          
Fair value, option, aggregate differences, loans and long-term receivables       42,234,000   23,463,000          
Financing receivable, unrealized gain (loss)       (18,771,000) 43,459,000            
Financing receivable, nonaccrual       0   $ 41,236,000          
Nonaccrual to outstanding, percent           7.70%          
Financing receivable, 90 days or more past due, still accruing           $ 43,326,000          
Fair value, option, credit risk, gains (losses) on assets       (11,339,000) 37,488,000            
Equity method investments, fair value disclosure       288,436,000   283,057,000          
Financing receivable, amount exceed fair value       47,460,000   31,218,000          
Subsequent Event | Nogin Inc.                      
Accounting Policies [Line Items]                      
Business combination, consideration transferred, loans receivable             $ 37,700,000        
Payments to acquire businesses, gross $ 21,300,000                    
Secured Debt | Line of Credit                      
Accounting Policies [Line Items]                      
Senior notes payable                     $ 52,500,000
Secured Debt | Term Loan | Line of Credit                      
Accounting Policies [Line Items]                      
Principal amount     $ 148,200,000   49,890,000         $ 78,296,000  
Fair Value, Measurements, Recurring                      
Accounting Policies [Line Items]                      
Loans receivable, historical cost, fair value       494,730,000   555,882,000          
Loans receivable       499,956,000   563,637,000          
Freedom VCM Holdings, LLC                      
Accounting Policies [Line Items]                      
Loans receivable, at fair value       15,868,000   $ 20,624,000          
Interest rate           12.00%          
Dividends paid, equal to the greater of net after-tax proceeds, percentage           80.00%          
Dividends paid, equal to the greater of gross proceeds, percentage           50.00%          
Take-private transaction, price   $ 227,296,000                  
Equity method investments, fair value disclosure       197,782,000   $ 232,065,000          
Freedom VCM Holdings, LLC | First Priority Security Interest                      
Accounting Policies [Line Items]                      
Loans receivable, at fair value       $ 183,268,000   $ 200,506,000          
Loans receivable, fair value disclosure, loan portfolio percentage       40.50%   37.70%          
Principal amount       $ 200,506,000   $ 200,506,000          
Interest receivable       14,971,000   8,889,000          
W.S. Badcock Corporation                      
Accounting Policies [Line Items]                      
Payments to acquire finance receivables   400,000,000 $ 168,363,000   145,278,000            
Nogin Inc.                      
Accounting Policies [Line Items]                      
Loans receivable, at fair value       32,673,000   17,980,000          
Debtor in possession commitment fund       33,000,000   17,530,000          
Financing commitment, additional funds       15,470,000              
Nogin Inc. | Subsequent Event                      
Accounting Policies [Line Items]                      
Financing commitment, additional funds             3,000,000        
Financing commitment, payable in kind fees             $ 1,700,000        
Financing commitment, payment $ 15,500,000                    
Related Party                      
Accounting Policies [Line Items]                      
Loans receivable, at fair value (includes $355,287 and $387,657 from related parties as of March 31, 2024 and December 31, 2023, respectively)       355,287,000   387,657,000          
Related Party | Freedom VCM Receivables, Inc.                      
Accounting Policies [Line Items]                      
Loans receivable, at fair value       42,482,000   42,183,000          
Payments to acquire finance receivables   58,872,000                  
Gain (loss) on sale of financing receivable   $ (78,000)                  
Interest rate   19.74%                  
Retail Industry                      
Accounting Policies [Line Items]                      
Senior notes payable       58,350,000   62,808,000          
Loans receivable, at fair value       $ 147,630,000   $ 167,568,000          
Loans receivable, fair value disclosure, loan portfolio percentage       32.60%   31.50%          
Retail Industry | Conn’s | Related Party                      
Accounting Policies [Line Items]                      
Loans receivable, at fair value (includes $355,287 and $387,657 from related parties as of March 31, 2024 and December 31, 2023, respectively)                 $ 108,000,000    
Senior notes payable               $ 93,000,000      
Other fixed income securities                      
Accounting Policies [Line Items]                      
Interest expense       $ 35,383,000 $ 32,424,000