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v3.23.3

Equity (Tables) | 3 Months Ended | 12 Months Ended
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Jun. 30, 2023 | Mar. 31, 2023
Equity [Abstract] |  |
Schedule of Noncontrolling Interests | The following tables present a rollforward of the noncontrolling interests for the three months ended June 30, 2023 and 2022:
|  | Noncontrolling Interests |  |  |  |
(Dollars in thousands) |  | Trusts |  |  | Class S Ordinary |  |  | Class S Preferred |  |  | Preferred Series A.1 |  |  | Preferred Series C |  |  | Class A of CT |  |  | Total Noncontrolling Interests |
Balance, March 31, 2023 |  | $ | (118,299 | ) |  | $ | 52,560 |  |  | $ | 856 |  |  | $ | — |  |  | $ | 205,759 |  |  | $ | 1,337 |  |  | $ | 142,213 |
Net loss |  |  | (13,866 | ) |  |  | (29,365 | ) |  |  | — |  |  |  | (674 | ) |  |  | — |  |  |  | (647 | ) |  |  | (44,552 | )
Issuance of shares in connection with transactions closing post de-SPAC |  |  | 133 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 133 |
Reclass of distributions payable to noncontrolling interest holder |  |  | (329 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (329 | )
Conversion of Class S Ordinary to Class A common |  |  | — |  |  |  | (3,884 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,884 | )
Deemed dividend for BCG Preferred Series B.2 Unit Accounts preferred return |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,942 | ) |  |  | — |  |  |  | — |  |  |  | (6,942 | )
Reclass of BCH Preferred A.1 from temporary to permanent equity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 699,441 |  |  |  | — |  |  |  | — |  |  |  | 699,441 |
Balance, June 30, 2023 |  | $ | (132,361 | ) |  | $ | 19,311 |  |  | $ | 856 |  |  | $ | 691,825 |  |  | $ | 205,759 |  |  | $ | 690 |  |  | $ | 786,080 |
|  |  | Noncontrolling Interests |  |  |  |
(Dollars in thousands) |  |  | Trusts |  |  | Class S Ordinary |  |  | Class S Preferred |  |  | Preferred Series C |  |  | Class A of CT |  |  | Total Noncontrolling Interests |
Balance, March 31, 2022 |  |  | $ | 982 |  |  | $ | 69,831 |  |  | $ | 1,316 |  |  | $ | 205,759 |  |  | $ | — |  |  | $ | 277,888 |
Net income (loss) |  |  |  | (28,711 | ) |  |  | (6,043 | ) |  |  | — |  |  |  | — |  |  |  | 10 |  |  |  | (34,744 | )
Payment of employee payroll taxes on restricted equity units |  |  |  | — |  |  |  | (459 | ) |  |  | (460 | ) |  |  | — |  |  |  | — |  |  |  | (919 | )
Noncash issuance of noncontrolling interest |  |  |  | 299 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 299 |
Distributions payable to noncontrolling interest holder |  |  |  | (543 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (543 | )
Issuance of noncontrolling interest |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,430 |  |  |  | 2,430 |
Balance, June 30, 2022 |  |  | $ | (27,973 | ) |  | $ | 63,329 |  |  | $ | 856 |  |  | $ | 205,759 |  |  | $ | 2,440 |  |  | $ | 244,411 |
| The following table presents a rollforward of the noncontrolling interests for the year ended March 31, 2023, the three months ended March 31, 2022, and the years ended December 31, 2021 and 2020:
|  | Noncontrolling Interests |  |  | Total Noncontrolling Interests |
(Dollars in thousands) |  | Trusts |  |  | Class S Ordinary |  |  | Class S Preferred |  |  | FLP |  |  | Preferred Series C |  |  | Class A of CT |
Balance, December 31, 2019 (As Restated) |  | $ | 27,062 |  |  | $ | 85,448 |  |  | $ | 17 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 112,527 |
Net income (loss) |  |  | 47,582 |  |  |  | (6,920 | ) |  |  | (15 | ) |  |  | 2,398 |  |  |  | — |  |  |  | — |  |  |  | 43,045 |
Noncontrolling interest reclass |  |  | — |  |  |  | 1,199 |  |  |  | 1,199 |  |  |  | (2,398 | ) |  |  | — |  |  |  | — |  |  |  | — |
Noncash issuance of noncontrolling interest |  |  | 5,978 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,978 |
Reclass of distributions payable to noncontrolling interest holder |  |  | (737 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (737 | )
Cash contribution for BCH Preferred Series C Unit Accounts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 130,200 |  |  |  | — |  |  |  | 130,200 |
Noncash issuance of BCH Preferred Series C Unit Accounts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 313 |  |  |  | — |  |  |  | 313 |
Promissory note forgiveness exchange for BCH Preferred Series C Unit Accounts |  |  | — |  |  |  | (915 | ) |  |  | — |  |  |  | — |  |  |  | 71,200 |  |  |  | — |  |  |  | 70,285 |
Adjustment for change in ownership interest |  |  | — |  |  |  | (567 | ) |  |  | — |  |  |  | — |  |  |  | 3,800 |  |  |  | — |  |  |  | 3,233 |
Balance, December 31, 2020 |  |  | 79,885 |  |  |  | 78,245 |  |  |  | 1,201 |  |  |  | — |  |  |  | 205,513 |  |  |  | — |  |  |  | 364,844 |
Net income (loss) |  |  | (30,513 | ) |  |  | (4,811 | ) |  |  | (30 | ) |  |  | 1,503 |  |  |  | — |  |  |  | — |  |  |  | (33,851 | )
Noncontrolling interest reclass |  |  | — |  |  |  | 740 |  |  |  | 740 |  |  |  | (1,480 | ) |  |  | — |  |  |  | — |  |  |  | — |
Payment of employee payroll taxes on restricted equity units |  |  | — |  |  |  | (595 | ) |  |  | (595 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,190 | )
Noncash issuance of noncontrolling interest |  |  | 9,189 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,189 |
Reclass of distributions payable to noncontrolling interest holder |  |  | (1,539 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,539 | )
Cash contribution for BCH Preferred Series C Unit Accounts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,800 |  |  |  | — |  |  |  | 14,800 |
Noncash issuance of BCH Preferred Series C Unit Accounts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 246 |  |  |  | — |  |  |  | 246 |
Redemption of BCH Preferred Series C Unit Accounts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (14,800 | ) |  |  | — |  |  |  | (14,800 | )
Reclass of allocated income for FLP Subclass 3 to payable |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (23 | ) |  |  | — |  |  |  | — |  |  |  | (23 | )
Balance, December 31, 2021 |  |  | 57,022 |  |  |  | 73,579 |  |  |  | 1,316 |  |  |  | — |  |  |  | 205,759 |  |  |  | — |  |  |  | 337,676 |
Net loss |  |  | (55,229 | ) |  |  | (3,748 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (58,977 | )
Reclass of distributions payable to noncontrolling interest holder |  |  | (811 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (811 | )
Balance, March 31, 2022 |  |  | 982 |  |  |  | 69,831 |  |  |  | 1,316 |  |  |  | — |  |  |  | 205,759 |  |  |  | — |  |  |  | 277,888 |
Net income (loss) |  |  | (117,861 | ) |  |  | (16,987 | ) |  |  | — |  |  |  | 3,166 |  |  |  | — |  |  |  | (962 | ) |  |  | (132,644 | )
Noncontrolling interest reclass |  |  | — |  |  |  | 1,116 |  |  |  | 1,117 |  |  |  | (2,233 | ) |  |  | — |  |  |  | — |  |  |  | — |
Payment of employee payroll taxes on restricted equity units |  |  | — |  |  |  | (459 | ) |  |  | (460 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (919 | )
Distribution to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (131 | ) |  |  | (131 | )
Noncash issuance of noncontrolling interest |  |  | 299 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 299 |
Reclass of distributions payable to noncontrolling interest holder |  |  | (1,719 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,719 | )
Reclass of allocated income for FLP Subclass 3 to payable |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (933 | ) |  |  | — |  |  |  | — |  |  |  | (933 | )
Issuance of noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,430 |  |  |  | 2,430 |
Annual reallocation of FLP |  |  | — |  |  |  | (941 | ) |  |  | (1,116 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,057 | )
Balance, March 31, 2023 |  | $ | (118,299 | ) |  | $ | 52,560 |  |  | $ | 857 |  |  | $ | — |  |  | $ | 205,759 |  |  | $ | 1,337 |  |  | $ | 142,214 |
Redeemable Noncontrolling Interest |  | The following table presents a rollforward of the redeemable noncontrolling interests for the year ended March 31, 2023, the three months ended March 31, 2022, and the years ended December 31, 2021 and 2020:
|  | Redeemable Noncontrolling Interests |  |  | Total Redeemable Noncontrolling Interests |
(Dollars in thousands) |  | Preferred Series A.0 |  |  | Preferred Series A.1 |
Balance, December 31, 2019 (As Restated) |  | $ | — |  |  | $ | 1,588,604 |  |  | $ | 1,588,604 |
Net income (loss) |  |  | — |  |  |  | (35,877 | ) |  |  | (35,877 | )
Tax distribution to noncontrolling interest |  |  | — |  |  |  | (5,592 | ) |  |  | (5,592 | )
Balance, December 31, 2020 |  |  | — |  |  |  | 1,547,135 |  |  |  | 1,547,135 |
Net income (loss) |  |  | 1,264 |  |  |  | (9,532 | ) |  |  | (8,268 | )
Deemed dividend upon issuance for GAAP to tax basis true-up |  |  | — |  |  |  | (9,247 | ) |  |  | (9,247 | )
Exchange of BCH Preferred Series A.1 Unit Accounts for BCG Preferred Series B.2 Unit Accounts |  |  | — |  |  |  | (312,312 | ) |  |  | (312,312 | )
Exchange of BCH Preferred Series A.1 Unit Accounts for BCH Preferred Series A.0 Unit Accounts |  |  | 251,652 |  |  |  | (251,652 | ) |  |  | — |
Deemed dividend for BCG Preferred Series B.2 Unit Accounts preferred return |  |  | — |  |  |  | (2,239 | ) |  |  | (2,239 | )
Put option liability on grant of BCH Preferred A.1 Unit Accounts |  |  | — |  |  |  | (3,793 | ) |  |  | (3,793 | )
BCH Preferred Series A.0 Unit Accounts guaranteed payment accrual |  |  | (1,264 | ) |  |  | — |  |  |  | (1,264 | )
Deemed dividend for extinguishment of redeemable noncontrolling interest and preferred equity |  |  | (1,745 | ) |  |  | (12,455 | ) |  |  | (14,200 | )
Balance, December 31, 2021 |  |  | 249,907 |  |  |  | 945,905 |  |  |  | 1,195,812 |
Net income (loss) |  |  | 3,788 |  |  |  | (1,290 | ) |  |  | 2,498 |
Deemed dividend for BCG Preferred Series B.2 Unit Accounts preferred return |  |  | — |  |  |  | (8,424 | ) |  |  | (8,424 | )
BCH Preferred Series A.0 Unit Accounts guaranteed payment accrual |  |  | (3,788 | ) |  |  | — |  |  |  | (3,788 | )
Balance, March 31, 2022 |  |  | 249,907 |  |  |  | 936,191 |  |  |  | 1,186,098 |
Net income (loss) |  |  | 15,822 |  |  |  | (4,298 | ) |  |  | 11,524 |
Deemed dividend upon issuance for U. S. GAAP to tax basis true-up |  |  | — |  |  |  | (314 | ) |  |  | (314 | )
Deemed dividend for BCG Preferred Series B.2 Unit Accounts preferred return |  |  | — |  |  |  | (37,133 | ) |  |  | (37,133 | )
Transfer from BCH Preferred Series A.1 Unit Accounts to BCH Preferred Series A.0 Unit Accounts |  |  | 1,144 |  |  |  | (1,144 | ) |  |  | — |
BCH Preferred Series A.0 Unit Accounts guaranteed payment accrual |  |  | (15,822 | ) |  |  | — |  |  |  | (15,822 | )
Balance, March 31, 2023 |  | $ | 251,051 |  |  | $ | 893,302 |  |  | $ | 1,144,353 |

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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