XML 132 R38.htm IDEA: XBRL DOCUMENT v3.20.2
Nature of Business - Exchange Transaction (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
May 26, 2020
shares
Dec. 31, 2019
USD ($)
shares
Jun. 12, 2019
shares
Dec. 28, 2018
USD ($)
extensionTerm
$ / shares
shares
Aug. 10, 2018
USD ($)
$ / shares
shares
Sep. 30, 2014
shares
Jun. 30, 2020
USD ($)
shares
Dec. 31, 2019
USD ($)
shares
Jun. 30, 2019
shares
Jun. 30, 2020
USD ($)
shares
Jun. 30, 2019
shares
Dec. 31, 2018
shares
Mar. 31, 2019
Debt Instrument [Line Items]                          
Financing receivables from affiliates | $   $ 67,153,000         $ 69,428,000 $ 67,153,000   $ 69,428,000      
Investment, assumed value (in usd per share) | $ / shares         $ 10                
Shares acquired (in shares)               666,667          
Common Stock                          
Debt Instrument [Line Items]                          
Issuance of stock (in shares)       27,013,516   800,000 2,232   40,874 3,688 58,009    
Common stock issued upon conversion of preferred stock (in shares)       5,000,000                  
Ben LP                          
Debt Instrument [Line Items]                          
Investment (in shares)       40,505,279 4,032,349                
Shares acquired (in shares) 26,009 666,667 1,000,000                 40,505,279  
Percentage of Outstanding Common Units 95.60% 95.50% 90.20% 89.90% 13.90%     95.50%       89.90% 88.10%
Ben LP | Merger Consideration                          
Debt Instrument [Line Items]                          
Investment (in shares)       21,650,087                  
Ben LP | Exchange of Exchangeable Note                          
Debt Instrument [Line Items]                          
Investment (in shares)       14,822,843                  
Affiliated Entity | Ben LP | Commercial Loan                          
Debt Instrument [Line Items]                          
Financing receivables from affiliates | $       $ 182,000,000.0 $ 200,000,000.0                
Notes and interest receivable | $       $ 192,500,000                  
Commercial loan, number of extensions | extensionTerm       2                  
Commercial loan, term       5 years                  
Commercial loan, interest rate       5.00%                  
Commercial loan, interest rate, due and payable monthly       0.025                  
Commercial loan, interest rate, due at maturity       0.025                  
Affiliated Entity | Ben LP | Exchangeable Note                          
Debt Instrument [Line Items]                          
Financing receivables from affiliates | $       $ 148,200,000 $ 162,900,000                
Seller Trusts and Beneficient                          
Debt Instrument [Line Items]                          
Shares acquired (in shares)       40,505,279                  
Percentage of Outstanding Common Units       89.90%                  
Series B Convertible Preferred Stock                          
Debt Instrument [Line Items]                          
Issuance of stock (in shares)         5,000,000                
Preferred stock, par value (in usd per share) | $ / shares         $ 0.001                
Preferred stock, liquidation preference per share (in usd per share) | $ / shares         $ 10                
Cash consideration | $         $ 50,000,000.0                
Series B Convertible Preferred Stock                          
Debt Instrument [Line Items]                          
Common stock issued upon conversion of preferred stock (in shares)       5,000,000                  
Conversion price (in usd per share) | $ / shares       $ 10                  
Seller Trust L Bonds due 2023                          
Debt Instrument [Line Items]                          
Principal amount | $       $ 366,900,000 $ 403,200,000                
Interest received | $       $ 800,000                  
Debt, weighted average interest rate         7.50%