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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Financial Designation Successor Predecessor [1] Successor Predecessor [1]
Revenues        
Revenues $ 28,983 $ 34,581 [1] $ 89,821 $ 100,937 [1]
Other Income:        
Change in fair value of optional subscription liabilities 1,948   5,094  
Impairment:        
Loan loss (benefit) provision (652) 2,704 [1] 3,279 2,777 [1]
Operating expenses:        
Compensation and employee benefits 5,160 794 [1] 11,397 4,647 [1]
General and administrative 3,199 5,227 [1] 9,977 11,468 [1]
Total Expenses 7,707 8,725 [1] 24,653 18,892 [1]
Income before income taxes 23,224 25,856 [1] 70,262 82,045 [1]
Income tax provision   0   0
Net income $ 23,224 25,856 [1] $ 70,262 82,045 [1]
Earnings per common share:        
Basic [2] $ 0.18   $ 0.53  
Diluted [2] $ 0.18   $ 0.53  
Weighted-average shares of common stock outstanding, basic and diluted        
Basic 132,282,252   132,156,844  
Diluted 132,316,746   132,207,605  
Interest Income        
Revenues        
Revenues $ 21,844 25,284 [1] $ 68,577 69,363 [1]
Fee Income        
Revenues        
Revenues $ 7,139 $ 9,297 [1] $ 21,244 $ 31,574 [1]
[1] Predecessor periods are combined as disclosed in Note 1.
[2] The Company determined that earnings per unit in the Predecessor periods would not be meaningful to the users of this filing, given the different unit holders and members’ equity structures of each individual entity in the Predecessor Company Group.