XML 86 R67.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity - Additional Information (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Jul. 15, 2020
day
Jul. 06, 2020
Dec. 28, 2018
shares
Feb. 14, 2017
day
$ / shares
shares
Apr. 15, 2019
shares
Apr. 30, 2018
USD ($)
shares
Mar. 31, 2017
USD ($)
shares
Nov. 30, 2015
day
$ / shares
shares
Sep. 30, 2014
USD ($)
$ / shares
shares
Sep. 30, 2020
USD ($)
$ / shares
shares
Sep. 30, 2020
USD ($)
day
$ / shares
shares
Sep. 30, 2019
shares
Dec. 31, 2019
USD ($)
shares
Nov. 15, 2018
USD ($)
Stockholders' Equity (Textual)                            
Common stock transactions between shareholders (in shares) | shares         3,952,155                  
Stock repurchase program, authorized amount                           $ 1,500,000
Preferred stock, dividend rate, percentage   7.50%                        
Common stock, outstanding (in shares) | shares                   33,094,664 33,094,664   33,033,793  
Convertible units, automatic exchange, number of trading days | day 20                          
Preferred return prior to initial public offering, numerator, basis spread over CPI                     0.50%      
Preferred return after initial public offering, numerator, basis spread over CPI                     0.75%      
Preferred return, numerator, basis spread over effective income tax rate                     1.00%      
Investment in life insurance policies, at fair value                   $ 787,260,000 $ 787,260,000   $ 796,039,000  
Eliminations | Preferred Series C Unit Accounts                            
Stockholders' Equity (Textual)                            
Investment in life insurance policies, at fair value                   $ 161,000,000.0 $ 161,000,000.0      
Ben LP | Eliminations                            
Stockholders' Equity (Textual)                            
Investment (in shares) | shares                   46,887,963 46,887,963   42,171,946  
Common Stock                            
Stockholders' Equity (Textual)                            
Issuance of common stock (in shares) | shares     27,013,516           800,000 57,183 60,871 58,009    
Common stock, par value (in usd per share) | $ / shares                 $ 12.50          
Net proceeds                 $ 8,600,000          
BCH                            
Stockholders' Equity (Textual)                            
Annualized return required                     1.00%      
Quarterly preferred return cap, percent, threshold one                     0.25%      
Quarterly preferred return cap, percent, threshold two                     0.50%      
Quarterly preferred return cap, percent, threshold three                     0.75%      
Quarterly preferred return cap, percent, threshold four                     1.00%      
Quarterly preferred return cap, percent, threshold five                     1.25%      
Quarterly preferred return cap, revenue, threshold one                     $ 80,000,000      
Quarterly preferred return cap, revenue, threshold two, minimum                     80,000,000      
Quarterly preferred return cap, revenue, threshold three, minimum                     105,000,000      
Quarterly preferred return cap, revenue, threshold four, minimum                     125,000,000      
Quarterly preferred return cap, revenue, threshold five, minimum                     135,000,000      
Quarterly preferred return cap, revenue, threshold two, maximum                     105,000,000      
Quarterly preferred return cap, revenue, threshold three, maximum                     125,000,000      
Quarterly preferred return cap, revenue, threshold four, maximum                     135,000,000      
Quarterly preferred return cap, revenue, threshold five, maximum                     140,000,000      
Quarterly preferred return cap, revenue, threshold six                     $ 140,000,000      
Preferred return prior to initial public offering, numerator, basis spread over CPI                     2.00%      
Preferred return after initial public offering, numerator, basis spread over CPI                     3.00%      
Preferred return, numerator, basis spread over effective income tax rate                     1.00%      
Sub-capital accounts, percentage                     20.00%      
Limit on indebtedness, capital percent of NAV threshold                   55.00% 55.00%      
Limit on indebtedness, debt percent of NAV threshold                   40.00% 40.00%      
Ben LP                            
Stockholders' Equity (Textual)                            
Common stock, outstanding (in shares) | shares                   48,749,630 48,749,630   44,146,623  
Capital contributions permitted (in usd per share) | $ / shares                   $ 10 $ 10      
Convertible units, automatic exchange, number of trading days | day                     20      
Common Stock                            
Stockholders' Equity (Textual)                            
Issuance of common stock (in shares) | shares     27,013,516                      
Common Stock | BCC                            
Stockholders' Equity (Textual)                            
Common stock transactions between shareholders (in shares) | shares     2,500,000                      
Common Stock | AltiVerse                            
Stockholders' Equity (Textual)                            
Common stock transactions between shareholders (in shares) | shares     1,452,155                      
Redeemable Preferred Stock                            
Stockholders' Equity (Textual)                            
Preferred stock, authorized (in shares) | shares               100,000            
Preferred stock, par value (in usd per share) | $ / shares               $ 1,000            
Preferred stock, dividend rate, percentage               7.00%            
Preferred stock, liquidation preference per share (in usd per share) | $ / shares               $ 1,000            
Debt instrument, convertible, threshold trading days | day               20            
Debt instrument, convertible, conversion price (in usd per share) | $ / shares               $ 15.00            
Preferred stock redemption, percentage               15.00%            
Issuance of preferred stock (in shares) | shares             99,127              
Proceeds from (repurchase of) redeemable preferred stock             $ 99,100,000              
Payments of stock issuance costs             $ 7,000,000.0              
Series 2 Redeemable Preferred Stock                            
Stockholders' Equity (Textual)                            
Preferred stock, authorized (in shares) | shares       150,000                    
Preferred stock, liquidation preference per share (in usd per share) | $ / shares       $ 1,000                    
Debt instrument, convertible, threshold trading days | day       20                    
Debt instrument, convertible, conversion price (in usd per share) | $ / shares       $ 12.75                    
Preferred stock redemption, percentage       10.00%                    
Issuance of preferred stock (in shares) | shares           149,979                
Payments of stock issuance costs           $ 10,300,000                
Preferred stock redemption price                     107.00%      
Aggregate gross consideration           $ 150,000,000.0                
Series A Preferred Stock | BCH                            
Stockholders' Equity (Textual)                            
Income allocation percentage                     50.00%      
Class A and S units | BCH                            
Stockholders' Equity (Textual)                            
Income allocation percentage                     50.00%      
Class S Ordinary | BCH                            
Stockholders' Equity (Textual)                            
Preferred units issued (in shares) | shares                   5,700,000 5,700,000   5,700,000  
Preferred units outstanding (in shares) | shares                   5,700,000 5,700,000   5,700,000  
Common stock exchange ratio                   1 1      
Class S Preferred Units                            
Stockholders' Equity (Textual)                            
Preferred return, numerator, basis spread over effective income tax rate                     1.00%      
Common stock exchange ratio                   1.2 1.2      
Preferred return, annualized revenue threshold                     $ 140,000,000      
Preferred return, numerator, basis spread over CPI                     0.75%