Equity (Tables)

6 Months Ended

Sep. 30, 2025

The following table presents a rollforward of the noncontrolling interests for the three and six months ended September 30, 2025 and 2024:


	Noncontrolling Interests
(Dollars in thousands)	Trusts		FLP		BCH Preferred Series A-0 Non-Redeemable		BCH Preferred Series A-1		Total Noncontrolling Interests
Balance, June 30, 2025	$	(218,356)	$	—	$	160,526	$	157,273	$	99,443
Net income (loss)	(9,780)		—		3,001		(9,191)		(15,970)


Preferred A-0 Unit Accounts guaranteed payment accrual	—		—		(3,001)		—		(3,001)
Reclass of distributions payable to noncontrolling interest holder	(410)		—		—		—		(410)








Balance, September 30, 2025	$	(228,546)	$	—	$	160,526	$	148,082	$	80,062


	Noncontrolling Interests
(Dollars in thousands)	Trusts		FLP		BCH Preferred Series A-0 Non-Redeemable		BCH Preferred A-1		Total Noncontrolling Interests
Balance, March 31, 2025	$	(201,518)	$	—	$	160,526	$	173,068	$	132,076
Net loss	(25,992)		(189)		5,958		(24,986)		(45,209)
Preferred A-0 Unit Accounts guaranteed payment accrual	—		—		(5,958)		—		(5,958)

Reclass of distributions payable to noncontrolling interest holder	(1,331)		—		—		—		(1,331)
Miscellaneous adjustment to previously allocated FLP Subclass 3 income	—		189		—		—		189





Issuance of equity in connection with recent financings	295		—		—		—		295




Balance, September 30, 2025	$	(228,546)	$	—	$	160,526	$	148,082	$	80,062


	Noncontrolling Interests
(Dollars in thousands)	Trusts		FLP		BCH Preferred Series A-0 Non-Redeemable		BCH Preferred Series A-1		Total Noncontrolling Interests
Balance, June 30, 2024	$	(166,463)	$	—	$	—	$	200,756	$	34,293
Net income (loss)	(4,523)		—		—		(3,067)		(7,590)
Reclass of BCH Preferred A-0 from temporary to permanent equity	—		—		125,526		—		125,526





Distribution to noncontrolling interest	(122)		—		—		—		(122)
Balance, September 30, 2024	$	(171,108)	$	—	$	125,526	$	197,689	$	152,107


	Noncontrolling Interests
(Dollars in thousands)	Trusts		FLP		BCH Preferred Series A-0 Non-Redeemable		BCH Preferred Series A-1		Total Noncontrolling Interests
Balance, March 31, 2024	$	(165,712)	$	—	$	—	$	207,943	$	42,231
Net income (loss)	(5,049)		—		—		(10,254)		(15,303)







Reclass of BCH Preferred A-0 from temporary to permanent equity	—		—		125,526		—		125,526
Distribution to noncontrolling interest	(347)		—		—		—		(347)

Balance, September 30, 2024	$	(171,108)	$	—	$	125,526	$	197,689	$	152,107