XML 56 R46.htm IDEA: XBRL DOCUMENT v3.22.1
Shareholders' Equity and Dividends (Details Textual)
3 Months Ended 12 Months Ended
Aug. 23, 2018
Vote
Mar. 31, 2022
USD ($)
Vote
$ / shares
shares
Mar. 31, 2021
USD ($)
Dec. 31, 2021
$ / shares
shares
Shareholders Equity and Dividends (Textual)        
Distributions of non-controlling interest holders | $   $ 5,806,000 $ 3,000,000  
Preferred stock, shares issued   0   0
Preferred stock, shares outstanding   0   0
Preferred stock, par value | $ / shares   $ 0.0001   $ 0.0001
Preferred stock, shares authorized   1,000,000   1,000,000
OpCo [Member] | Subsidiaries [Member] | General Partner [Member]        
Shareholders Equity and Dividends (Textual)        
Ownership percentage   100.00%    
OpCo [Member] | Subsidiaries [Member] | Limited Partner [Member]        
Shareholders Equity and Dividends (Textual)        
Ownership percentage   54.00%    
Warrants [Member]        
Shareholders Equity and Dividends (Textual)        
Business combination, description   In addition to the above, the Contributors will be entitled to receive earn-out consideration to be paid in the form of OpCo Common Units (with a corresponding number of shares of Class C Common Stock) if the volume-weighted average price of the trading days during any thirty (30) calendar days (the “30-Day VWAP”) of the Class A Common Stock equals or exceeds certain hurdles set forth in the Contribution Agreement. If the 30-Day VWAP of the Class A Common Stock is $12.50 or more per share at any time within the seven years following the closing, Royal LP will receive (i) an additional 10 million OpCo Common Units (and an equivalent number of shares of Class C Common Stock), plus (ii) an amount of OpCo Common Units (and an equivalent number of shares of Class C Common Stock) equal to (x) the amount by which annual cash dividends paid on each share of Class A Common Stock exceeds $0.50 in each year between the closing and the date the first earn-out is achieved (with any dividends paid in the stub year in which the first earn-out is achieved annualized for purposes of determining what portion of such dividends would have, on an annual basis, exceeded $0.50), multiplied by 10 million, (y) divided by $12.50. If the 30-Day VWAP of the Class A Common Stock is $15.00 or more per share at any time within the seven years following the closing (which $15.00 threshold will be reduced by the amount by which annual cash dividends paid on each share of Class A Common Stock exceeds $0.50 in each year between the closing and the date the earn-out is achieved, but not below $12.50), the Contributors will receive an additional 10 million OpCo Common Units (and an equivalent number of Class C Common Stock).  Upon recognition of the earn-out, as there is no consideration received, the Company would record the payment of the earn-out as adjustments through equity (non-controlling interest and additional-paid-in-capital).    
Consideration received | $   $ 0    
Warrants [Member] | Royal Entities [Member] | Subsidiaries [Member]        
Shareholders Equity and Dividends (Textual)        
Additional common units may be issued   10,000,000    
de SPAC Transactions [Member] | Warrants [Member]        
Shareholders Equity and Dividends (Textual)        
Stock issued common units to contributors   40,000,000    
de SPAC Transactions [Member] | Warrants [Member] | OpCo [Member]        
Shareholders Equity and Dividends (Textual)        
Redemption of shares       612,218
Class A common stock [Member]        
Shareholders Equity and Dividends (Textual)        
Common stock, shares issued   47,106,218   47,013,958
Common stock, shares outstanding   47,106,218   47,013,958
Common stock, shares authorized   240,000,000   240,000,000
Common stock, par value | $ / shares   $ 0.0001   $ 0.0001
Common stock voting, description   Holders of the Company’s Class A Common Stock are entitled to one vote for each share    
Common stock, number of votes per share | Vote   1    
Class A common stock [Member] | Royal Entities [Member] | Subsidiaries [Member]        
Shareholders Equity and Dividends (Textual)        
Common units redemption ratio 100.00%      
Class A common stock [Member] | de SPAC Transactions [Member] | Warrants [Member]        
Shareholders Equity and Dividends (Textual)        
Common units redemption ratio   100.00%    
Class C common stock [Member]        
Shareholders Equity and Dividends (Textual)        
Common stock, shares issued   39,387,782   39,387,782
Common stock, shares outstanding   39,387,782   39,387,782
Common stock, shares authorized   120,000,000   120,000,000
Common stock, par value | $ / shares   $ 0.0001   $ 0.0001
Class C common stock [Member] | Royal Entities [Member]        
Shareholders Equity and Dividends (Textual)        
Common stock, number of votes per share | Vote 1      
Class C common stock [Member] | de SPAC Transactions [Member]        
Shareholders Equity and Dividends (Textual)        
Common stock, shares issued   39,387,782    
Common stock, shares outstanding   39,387,782    
Common stock, shares authorized   120,000,000    
Common stock, par value | $ / shares   $ 0.0001    
Common stock, number of votes per share | Vote   1    
Class C common stock [Member] | de SPAC Transactions [Member] | Warrants [Member]        
Shareholders Equity and Dividends (Textual)        
Redemption of shares       612,218