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Share-based Compensation (Tables) | 3 Months Ended | 12 Months Ended
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Jun. 30, 2023 | Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |  |
Schedule of Share-Based Payment Award, Valuation Assumptions | The table below summarizes the key inputs used in the valuation of the BMP Equity Units granted during each of the periods ended below:
|  | Range of Targets |
Unobservable Inputs |  | Three months ended June 30, 2023 |  |  | Three months ended June 30, 2022 |
Expected term in years |  |  | 4 |  |  |  | 4 |
Discount rate |  |  | 32.1 | % |  |  | 32.1 | %
Discount for lack of marketability |  |  | 23.1 | % |  |  | 23.1 | %
Long-term growth rate (after discrete projection period) |  |  | 2.5 | % |  |  | 2.5 | %
| The table below summarizes the key inputs used in the valuation of the BMP Equity Units granted during each of the periods ended below:
|  | Range of Targets |
Unobservable Inputs |  | Year Ended March 31, 2023 |  |  | Three Months Ended March 31, 2022 |  |  | Year Ended December 31, 2021 |  |  | Year Ended December 31, 2020 |
Expected term in years |  |  | 4 |  |  |  | 4 |  |  |  | 4 |  |  |  | 4 |
Discount rate |  |  | 32.1 | % |  |  | 32.1 | % |  |  | 32.1 | % |  |  | 27.8 | %
Discount for lack of marketability |  |  | 23.1 | % |  |  | 23.1 | % |  |  | 23.1 | % |  |  | 19.4 | %
Long-term growth rate (after discrete projection period) |  |  | 2.5 | % |  |  | 2.5 | % |  |  | 2.5 | % |  |  | 2.5 | %
Share-Based Payment Arrangement, Activity | The following table summarizes the award activity, in units, for the BMP and Ben Equity Incentive Plans during the three months ended June 30, 2023:
|  | BMP |  |  | RSU |
(units in thousands) |  | Units |  |  | Weighted Average Grant Date Fair Value per Unit |  |  | Units |  |  | Weighted Average Grant Date Fair Value per Unit |
Balance, March 31, 2023 |  |  | 438 |  |  | $ | 10.04 |  |  |  | 1,749 |  |  | $ | 10.00 |
Vested during the period |  |  | (79 | ) |  |  | 9.70 |  |  |  | (816 | ) |  |  | 10.00 |
Forfeited during the period |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | 10.00 |
Balance, June 30, 2023 |  |  | 359 |  |  | $ | 10.11 |  |  |  | 923 |  |  | $ | 10.00 |
| The following table summarizes the award activity, in units, for the BMP and Ben Equity Incentive Plans during the year ended March 31, 2023, the three months ended March 31, 2022, and the years ended December 31, 2021 and 2020:
|  | BMP |  |  | REU |
(units in thousands) |  | Units |  |  | Weighted Average Grant Date Fair Value per Unit |  |  | Units |  |  | Weighted Average Grant Date Fair Value per Unit |
Balance, December 31, 2019 |  |  | 180 |  |  | $ | 11.82 |  |  |  | 247 |  |  | $ | 12.50 |
Granted during the period |  |  | 7,363 |  |  |  | 9.61 |  |  |  | 5,603 |  |  |  | 12.50 |
Vested during the period |  |  | (5,037 | ) |  |  | 9.61 |  |  |  | (3,354 | ) |  |  | 12.50 |
Forfeited during the period |  |  | (380 | ) |  |  | 9.61 |  |  |  | (303 | ) |  |  | 12.50 |
Balance, December 31, 2020 |  |  | 2,126 |  |  | $ | 9.61 |  |  |  | 2,193 |  |  | $ | 12.50 |
Granted during the period |  |  | 216 |  |  |  | 10.67 |  |  |  | 216 |  |  |  | 12.50 |
Vested during the period |  |  | (788 | ) |  |  | 9.67 |  |  |  | (619 | ) |  |  | 12.50 |
Forfeited during the period |  |  | (203 | ) |  |  | 9.69 |  |  |  | (152 | ) |  |  | 12.50 |
Balance, December 31, 2021 |  |  | 1,351 |  |  | $ | 9.73 |  |  |  | 1,638 |  |  | $ | 12.50 |
Granted during the period |  |  | 40 |  |  |  | 10.67 |  |  |  | 111 |  |  |  | 12.50 |
Vested during the period |  |  | (195 | ) |  |  | 9.70 |  |  |  | (195 | ) |  |  | 12.50 |
Forfeited during the period |  |  | (78 | ) |  |  | 9.61 |  |  |  | (51 | ) |  |  | 12.50 |
Balance, March 31, 2022 |  |  | 1,118 |  |  | $ | 9.78 |  |  |  | 1,503 |  |  | $ | 12.50 |
Granted during the period |  |  | 35 |  |  |  | 10.67 |  |  |  | 510 |  |  |  | 12.50 |
Vested during the period |  |  | (646 | ) |  |  | 9.73 |  |  |  | (524 | ) |  |  | 12.50 |
Forfeited during the period |  |  | (69 | ) |  |  | 10.00 |  |  |  | (90 | ) |  |  | 12.50 |
Balance, March 31, 2023 |  |  | 438 |  |  | $ | 10.04 |  |  |  | 1,399 |  |  | $ | 12.50 |
Share-Based Payment Arrangement, Cost by Plan | The following table presents the components of share-based compensation expense, included in employee compensation and benefits, recognized in the consolidated statements of comprehensive income (loss) for the three months ended June 30, 2023 and 2022:
|  | Three Months Ended June 30, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
BMP equity units |  | $ | 675 |  |  | $ | 1,502 |
Restricted stock units |  |  | 8,723 |  |  |  | 1,433 |
Preferred equity |  |  | 286 |  |  |  | 572 |
Other (1) |  |  | 17,317 |  |  |  | — |
Total share-based compensation |  | $ | 27,001 |  |  | $ | 3,507 |
| The following table presents the components of share-based compensation expense, included in employee compensation and benefits, recognized in the consolidated statements of comprehensive income (loss) for the year ended March 31, 2023, the three months ended March 31, 2022, and the years ended December 31, 2021 and 2020:
|  | Year Ended March 31, |  |  | Three Months Ended March 31, |  |  | Year Ended December 31, |
(dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |
BMP equity units |  | $ | 4,297 |  |  | $ | 1,289 |  |  | $ | 7,390 |  |  | $ | 51,963 |
Restricted equity units |  |  | 4,358 |  |  |  | 1,539 |  |  |  | 8,537 |  |  |  | 44,402 |
Preferred equity |  |  | 1,430 |  |  |  | — |  |  |  | 7,226 |  |  |  | 11,443 |
Total share-based compensation |  | $ | 10,085 |  |  | $ | 2,828 |  |  | $ | 23,153 |  |  | $ | 107,808 |
Share-Based Payment Arrangement, Nonvested Award, Cost | The following table presents the share-based compensation expense expected to be recognized over the next five fiscal years ending March 31 for awards outstanding as of June 30, 2023:
(dollars in thousands) |  | BMP |  |  | RSU |  |  | Preferred |  |  | Commissions |  |  | Total |
2024 |  | $ | 1,401 |  |  | $ | 3,733 |  |  | $ | 572 |  |  | $ | 543 |  |  | $ | 6,248 |
2025 |  |  | 662 |  |  |  | 2,269 |  |  |  | — |  |  |  | 18 |  |  |  | 2,949 |
2026 |  |  | 242 |  |  |  | 1,320 |  |  |  | — |  |  |  | 3 |  |  |  | 1,565 |
2027 |  |  | 14 |  |  |  | 16 |  |  |  | — |  |  |  | — |  |  |  | 29 |
2028 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 2,319 |  |  | $ | 7,337 |  |  | $ | 572 |  |  | $ | 564 |  |  | $ | 10,792 |
| The following table presents the share-based compensation expense expected to be recognized over the next five fiscal years ending March 31 for awards outstanding, excluding the REU awards subject to the performance condition discussed above, as of March 31, 2023:
(dollars in thousands) |  | BMP |  |  | REU |  |  | Total |
2024 |  | $ | 2,075 |  |  | $ | 2,503 |  |  | $ | 4,578 |
2025 |  |  | 662 |  |  |  | 736 |  |  |  | 1,398 |
2026 |  |  | 242 |  |  |  | 150 |  |  |  | 392 |
2027 |  |  | 14 |  |  |  | — |  |  |  | 14 |
2028 |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 2,993 |  |  | $ | 3,389 |  |  | $ | 6,382 |
Weighted-average period to be recognized |  |  | 1.61 |  |  |  | 1.46 |  |  |  |  |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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