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Variable Interest Entities - VIE Financials (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Oct. 18, 2023
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
[4]
Mar. 31, 2022
[3]
ASSETS                  
Cash and cash equivalents $ 11,248   $ 11,248       $ 8,726 [1]    
Restricted cash 20   20       819 [1]    
Investments held by Ben (related party of $38 and $1,371) 378,420   378,420       497,221    
Other assets, net (related party of nil and $2,195) 26,061   26,061       32,903 [1]    
Total assets 500,563   500,563       2,910,695 [1]    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY                  
Accounts payable and accrued expenses (related party of $14,032 and $10,485) 96,194   96,194       65,724 [1]    
Other liabilities (related party of nil and $100) 20,986   20,986       14,622 [1]    
Customer ExAlt Trusts loan payable, net 0   0   $ 47,900   52,129 [1]    
Total liabilities 245,538   245,538       231,789 [1]    
Shareholder’s equity:                  
Treasury stock, at cost (544 shares as of December 31, 2023 and March 31, 2023) (3,444)   (3,444)       (3,444) [1]    
Noncontrolling interests 176,236   176,236       142,213 [1]    
Accumulated other comprehensive income 442   442       9,900 [1]    
Total equity 3,973 [2] $ 1,766,565 [3],[4] 3,973 [2] $ 1,766,565 [3],[4]   $ 932,259 1,728,413 [1],[2] $ 1,805,494 $ 1,907,336
Revenues                  
Investment income (loss), net 7,448 11,478 7,935 (30,738)          
Loss on financial instruments, net (related party of $(18,691), $(20,480), $(64,217), and $(63,044), respectively) (18,024) (23,043) (64,260) (56,101)          
Interest and dividend income 118 113 348 295          
Total revenues (10,235) (11,444) (55,739) (86,435)          
Operating expenses                  
Interest expense (related party of $3,018, $746, $5,843, and $2,108, respectively) 4,671 4,147 13,569 11,356          
Provision for credit losses 0 1,799 0 20,580          
Professional services 4,970 8,073 22,000 29,580          
Other expenses (related party of $2,096, $2,246, $6,317, and $6,576, respectively) 5,512 7,073 17,604 21,454          
Total operating expenses 905,716 33,762 2,397,946 117,722          
Net loss (924,872) (42,850) (2,462,606) (203,085)          
Net income (loss) attributable to noncontrolling interests (386,935) (9,945) (445,683) (118,843)          
Other income 65 0 65 86          
Loss on extinguishment of debt, net (8,846) 0 (8,846) 0          
Variable Interest Entity, Primary Beneficiary                  
ASSETS                  
Investments held by Ben (related party of $38 and $1,371) 378,382   378,382       491,859 [1]    
Operating expenses                  
Net income (loss) attributable to noncontrolling interests (26,240) (4,058) (43,698) (105,612)          
Other income 65 0 65 0          
Loss on extinguishment of debt, net 8,846 0 8,846 0          
Variable Interest Entity, Primary Beneficiary | Customer ExAlt Trusts                  
ASSETS                  
Cash and cash equivalents 5,549   5,549       3,259    
Restricted cash 20   20       819    
Investments held by Ben (related party of $38 and $1,371) 378,382   378,382       491,859    
Other assets, net (related party of nil and $2,195) 4,895   4,895       5,891    
Total assets 388,846   388,846       501,828    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY                  
Accounts payable and accrued expenses (related party of $14,032 and $10,485) 2,850   2,850       1,945    
Other liabilities (related party of nil and $100) 108   108       132    
Customer ExAlt Trusts loan payable, net 0   0       52,129    
Total liabilities 2,958   2,958       54,206    
Shareholder’s equity:                  
Treasury stock, at cost (544 shares as of December 31, 2023 and March 31, 2023) (3,444)   (3,444)       (3,444)    
Noncontrolling interests (164,878)   (164,878)       (118,299)    
Accumulated other comprehensive income 442   442       9,900    
Total equity (167,880)   (167,880)       $ (111,843)    
Revenues                  
Investment income (loss), net 7,448 11,478 7,935 (30,738)          
Loss on financial instruments, net (related party of $(18,691), $(20,480), $(64,217), and $(63,044), respectively) (18,695) (15,068) (62,373) (42,244)          
Interest and dividend income 0 23 10 37          
Total revenues (11,182) (3,567) (54,363) (72,945)          
Operating expenses                  
Interest expense (related party of $3,018, $746, $5,843, and $2,108, respectively) 423 2,344 4,091 6,638          
Provision for credit losses 0 1,236 0 13,843          
Professional services 572 1,240 2,718 3,614          
Other expenses (related party of $2,096, $2,246, $6,317, and $6,576, respectively) 219 262 602 1,631          
Total operating expenses 1,214 5,082 7,411 25,726          
Net loss (21,242) (8,649) (70,620) (98,671)          
Net income (loss) attributable to noncontrolling interests $ (26,240) $ (4,058) $ (43,698) $ (105,612)          
[1] Retroactively adjusted March 31, 2023 for the de-SPAC merger transaction as described in Note 4. Such adjustments are unaudited.
[2] Retroactively adjusted March 31, 2023 for de-SPAC merger transaction as described in Note 4.
[3] Retroactively adjusted March 31, 2022 and the nine months ended December 31, 2022 for de-SPAC merger transaction as described in Note 4.
[4] Retroactively adjusted September 30, 2022 and three months ended December 31, 2022 for de-SPAC merger transaction as described in Note 4.