Equity (Tables)

9 Months Ended

Dec. 31, 2023

The following tables present a rollforward of the noncontrolling interests for the three and nine months ended December 31, 2023 and 2022:


	Noncontrolling Interests
(Dollars in thousands)	Trusts		BCH Class S Ordinary		BCH Class S Preferred		BCH Preferred A.1		BCH Preferred Series C		Class A of CT		Total Noncontrolling Interests
Balance, September 30, 2023	$	(138,441)	$	9,697	$	856	$	691,255	$	—	$	269	$	563,636
Net loss	(26,241)		(9,697)		(856)		(350,141)		—		—		(386,935)


Reclass of distributions payable to noncontrolling interest holder	(196)		—		—		—		—		—		(196)




Distribution to noncontrolling interest	—		—		—		—		—		(269)		(269)

Balance, December 31, 2023	$	(164,878)	$	—	$	—	$	341,114	$	—	$	—	$	176,236


	Noncontrolling Interests
(Dollars in thousands)	Trusts		BCH Class S Ordinary		BCH Class S Preferred		BCH Preferred A.1		BCH 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 income (loss)	(43,698)		(48,676)		(856)		(351,385)		—		(1,068)		(445,683)



Issuance of shares in connection with recent financings	133		—		—		—		—		—		133
Reclass of distributions payable to noncontrolling interest holder	(763)		—		—		—		—		—		(763)
Reduction of noncontrolling interest in connection with recent financings	(3,272)		—		—		—		—		—		(3,272)
Issuance of noncontrolling interest in connection with recent financings	79		—		—		—		—		—		79


Conversion of BCH Class S Ordinary to Class A common stock	—		(3,884)		—		—		—		—		(3,884)
Conversion of Preferred Series C to Class A common stock	—		—		—		—		(205,759)		—		(205,759)
Deemed dividend for BCG Preferred 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
Issuance of Series B-1 preferred stock and noncontrolling interest in connection with recent financings	942		—		—		—		—		—		942
Distribution to noncontrolling interest	—		—		—		—		—		(269)		(269)

Balance, December 31, 2023	$	(164,878)	$	—	$	—	$	341,114	$	—	$	—	$	176,236


	Noncontrolling Interests
(Dollars in thousands)	Trusts		BCH Class S Ordinary		BCH Class S Preferred		FLP		BCH Preferred Series C		Class A of CT		Total Noncontrolling Interests
Balance, September 30, 2022	$	(100,830)	$	62,664	$	1,973	$	—	$	205,759	$	2,314	$	171,880
Net income (loss)	(4,058)		(4,765)		—		—		—		(316)		(9,139)



Reclass of distributions payable to noncontrolling interest holder	(779)		—		—		—		—		—		(779)

Annual reallocation of FLP	—		(941)		(1,116)		—		—		—		(2,057)
Balance, December 31, 2022	$	(105,667)	$	56,958	$	857	$	—	$	205,759	$	1,998	$	159,905


	Noncontrolling Interests
(Dollars in thousands)	Trusts		BCH Class S Ordinary		BCH Class S Preferred		FLP		BCH 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)	(105,612)		(12,589)		—		3,166		—		(301)		(115,336)
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	(1,336)		—		—		—		—		—		(1,336)
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, December 31, 2022	$	(105,667)	$	56,958	$	857	$	—	$	205,759	$	1,998	$	159,905