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Variable Interest Entities - VIE Financials (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Assets:                
Cash and cash equivalents $ 4,149   $ 4,149     $ 7,913    
Restricted cash 52   52     64    
Investments, at fair value 334,278   334,278     329,119    
Other assets 48,519   48,519     14,699    
Total Assets of VIEs 400,012   400,012     368,501    
Liabilities:                
Accounts payable and accrued expense 149,204   149,204     157,157    
Other liabilities 22,433   22,433     31,727    
Total Liabilities of VIEs 295,226   295,226     309,567    
Equity:                
Treasury stock (3,444)   (3,444)     (3,444)    
Noncontrolling interests 180,896   180,896     42,231    
Accumulated other comprehensive income 161   161     276    
Total Equity of VIEs 14,260 $ 3,973 14,260 $ 3,973 $ (13,192) (192,118) $ 932,259 $ 1,728,413
Revenues                
Investment income, net 4,742 7,448 24,311 7,935        
Loss on financial instruments, net (523) (18,024) (1,885) (64,260)        
Interest and dividend income 10 118 34 348        
Other income 2 65 2 65        
Total revenues 4,419 (10,235) 23,026 (55,739)        
Operating expenses                
Interest expense 3,240 4,671 11,848 13,569        
Provision for credit losses 0 0 1,000 0        
Professional services 5,083 4,970 17,884 22,000        
Other expenses 2,680 5,512 8,551 17,604        
Total operating expenses 13,932 905,716 1,916 2,397,946        
Loss on extinguishment of debt, net 0 (8,846) 0 (8,846)        
Net income (loss) (10,226) (924,872) 43,831 (2,462,606)        
Net loss attributable to noncontrolling interests (6,076) (386,935) (21,379) (445,683)        
Variable Interest Entity, Primary Beneficiary                
Assets:                
Investments, at fair value 334,278   334,278     329,113    
Operating expenses                
Loss on extinguishment of debt, net 0 8,846 0 8,846        
Net loss attributable to noncontrolling interests (1,232) (26,240) (6,281) (43,698)        
Variable Interest Entity, Primary Beneficiary | Customer ExAlt Trusts                
Assets:                
Cash and cash equivalents 2,614   2,614     963    
Restricted cash 52   52     64    
Investments, at fair value 334,278   334,278     329,113    
Other assets 63   63     30    
Total Assets of VIEs 337,007   337,007     330,170    
Liabilities:                
Accounts payable and accrued expense 2,521   2,521     1,670    
Other liabilities 19   19     109    
Total Liabilities of VIEs 2,540   2,540     1,779    
Equity:                
Treasury stock (3,444)   (3,444)     (3,444)    
Noncontrolling interests (172,477)   (172,477)     (165,712)    
Accumulated other comprehensive income 161   161     276    
Total Equity of VIEs (175,760)   (175,760)     $ (168,880)    
Revenues                
Investment income, net 4,742 7,448 24,311 7,935        
Loss on financial instruments, net (428) (18,695) (1,031) (62,373)        
Interest and dividend income 0 0 0 10        
Other income 2 65 2 65        
Total revenues 4,316 (11,182) 23,282 (54,363)        
Operating expenses                
Interest expense 0 423 0 4,091        
Provision for credit losses 0 0 998 0        
Professional services 506 572 1,699 2,718        
Other expenses 61 219 370 602        
Total operating expenses 567 1,214 3,067 7,411        
Net income (loss) 3,749 (21,242) 20,215 (70,620)        
Net loss attributable to noncontrolling interests $ (1,232) $ (26,240) $ (6,281) $ (43,698)