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Net Loss per Unit (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Mar. 31, 2023
Earnings Per Share [Abstract] |  |
Schedule of Earnings Per Share, Basic and Diluted | Basic and diluted net income (loss) attributable to Beneficient. per common share for the three months ended June 30, 2023 and 2022, are as follows:
(Dollars in thousands) |  | Three Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Net loss |  | $ | (1,155,970 | ) |  | $ | (86,348 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | 44,552 |  |  |  | 36,247 |
Less: Noncontrolling interest guaranteed payment |  |  | (4,105 | ) |  |  | (3,868 | )
Net loss attributable to Beneficient common shareholders |  | $ | (1,115,523 | ) |  | $ | (53,969 | )
Net loss attributable to Class A common shareholders |  |  | (1,013,454 | ) |  |  | (48,786 | )
Net loss attributable to Class B common shareholders |  |  | (102,069 | ) |  |  | (5,183 | )
Weighted average of common shares outstanding - basic and diluted |  |  |  |  |  |  |  |
Class A |  |  | 184,160,036 |  |  |  | 180,178,268 |
Class B |  |  | 19,140,451 |  |  |  | 19,140,451 |
Net loss attributable to Beneficient per common share—Basic and Diluted |  |  |  |  |  |  |  |
Class A |  | $ | (5.50 | ) |  | $ | (0.27 | )
Class B |  | $ | (5.33 | ) |  | $ | (0.27 | )
| Basic and diluted net loss attributable to The Beneficient Company Group L.P. per common unit for the year ended March 31, 2023, the three months ended March 31, 2022, and the years ended December 31, 2021 and 2020, are as follows:
(Dollars in thousands) |  | Year Ended March 31, |  |  | Three Months Ended March 31, |  |  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |
Net loss |  | $ | (252,100 | ) |  | $ | (100,906 | ) |  | $ | (105,133 | ) |  | $ | (50,872 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | 136,942 |  |  |  | 60,267 |  |  |  | 43,383 |  |  |  | (7,168 | )
Less: Noncontrolling interest guaranteed payment |  |  | (15,822 | ) |  |  | (3,788 | ) |  |  | (1,264 | ) |  |  | — |
Net loss attributable to The Beneficient Company Group, L.P. |  |  | (130,980 | ) |  |  | (44,427 | ) |  |  | (63,014 | ) |  |  | (58,040 | )
Less: Noncash deemed contribution on extinguishment of redeemable noncontrolling interest |  |  | — |  |  |  | — |  |  |  | 14,200 |  |  |  | — |
Less: Noncash deemed dividend on extinguishment of preferred equity interests of noncontrolling interest holders |  |  | — |  |  |  | — |  |  |  | (46,202 | ) |  |  | — |
Net loss attributable to The Beneficient Company Group, L.P. common unitholders |  | $ | (130,980 | ) |  | $ | (44,427 | ) |  | $ | (95,016 | ) |  | $ | (58,040 | )
Weighted average of common units outstanding—basic and diluted |  |  | 67,486,168 |  |  |  | 67,486,168 |  |  |  | 51,534,365 |  |  |  | 45,807,648 |
Net loss attributable to The Beneficient Company Group, L.P. per common unit—Basic and Diluted |  | $ | (1.94 | ) |  | $ | (0.66 | ) |  | $ | (1.84 | ) |  | $ | (1.27 | )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | In computing diluted net loss per unit, we considered potentially dilutive units. Anti-dilutive units not recognized in the diluted net loss per unit calculation for the three months ended June 30, 2023 and 2022, were as follows:
|  | Shares |
|  | Three Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Class S Ordinary |  |  | 5,511,967 |  |  |  | 5,834,296 |
Class S Preferred |  |  | 48,403 |  |  |  | 86,606 |
Preferred Series A Subclass 0 |  |  | 32,060,425 |  |  |  | 19,795,627 |
Preferred Series A Subclass 1 |  |  | 112,360,624 |  |  |  | 63,880,240 |
Preferred Series C Subclass 1 |  |  | 44,040,761 |  |  |  | 16,068,912 |
Restricted Stock Units |  |  | 7,966,488 |  |  |  | 8,419,978 |
Warrants |  |  | 29,696,875 |  |  |  | — |
Total anti-dilutive shares |  |  | 231,685,543 |  |  |  | 114,085,659 |
| In computing diluted net loss per unit, we considered potentially dilutive units. Anti-dilutive units not recognized in the diluted net loss per unit calculation for the year ended March 31, 2023, the three months ended March 31, 2022, and the years ended December 31, 2021 and 2020, were as follows:
|  | Units |
|  | Year Ended March 31, |  |  | Three Months Ended March 31, |  |  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |
Class S Ordinary |  |  | 5,835,822 |  |  |  | 5,834,296 |  |  |  | 5,811,251 |  |  |  | 5,720,627 |
Class S Preferred |  |  | 93,678 |  |  |  | 88,606 |  |  |  | 72,126 |  |  |  | 15,288 |
Preferred Series A Subclass 0 |  |  | 19,795,997 |  |  |  | 19,706,509 |  |  |  | 1,664,303 |  |  |  | — |
Preferred Series A Subclass 1 |  |  | 78,972,518 |  |  |  | 79,711,972 |  |  |  | 121,956,222 |  |  |  | 127,088,320 |
Preferred Series C |  |  | 16,068,912 |  |  |  | 16,068,912 |  |  |  | 16,340,086 |  |  |  | 4,845,358 |
Restricted Equity Units |  |  | 6,832,280 |  |  |  | 6,250,572 |  |  |  | 6,191,271 |  |  |  | 5,569,576 |
Total anti-dilutive units |  |  | 127,599,207 |  |  |  | 127,660,867 |  |  |  | 152,035,259 |  |  |  | 143,239,169 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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