Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies - Business Combination (Details)

v3.21.2
Summary of Significant Accounting Policies - Business Combination (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Jul. 09, 2021
Jul. 09, 2021
Nov. 30, 2020
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
Jul. 09, 2021
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Narrative Disclosures                    
Trust account cash $ 345,000 $ 345,000         $ 345,000      
Redemption of common stock $ 192,300                  
Shares redeemed (in shares) 19,227,063                  
Shares redeemed, price (in dollars per share) $ 10.00                  
Business combination expenses   $ 529     $ 1,093 $ 0 7,011   $ 0  
Payments of stock issuance costs         $ 19,618   $ 0   0  
Pro Forma Operating Results                    
Total revenues       $ 28,594   17,247   $ 53,064 40,519  
Net income (loss) before income taxes       4,927   (6,404)   (7,706) (79,248)  
Income tax benefit (expense)       (927)   1,204   1,449 16,747  
Noncontrolling interests       (2,040)   2,652   3,191 33,461  
Net income (loss) attributable to Common Class A shareholders       $ 1,960   $ (2,548)   $ (3,065) $ (29,041)  
IPO                    
Narrative Disclosures                    
Stock issued (in shares)     34,500,000              
Consideration received     $ 345,000              
Payments of stock issuance costs $ 12,100   $ 19,700              
PIPE                    
Narrative Disclosures                    
Stock issued (in shares) 25,000,000                  
Consideration received $ 250,000                  
Payments of stock issuance costs $ 7,500                  
Sunlight Financial LLC                    
Noncontrolling Interest                    
Noncontrolling interest percent 34.90% 34.90%   34.90% 34.90%   34.90% 34.90%    
Loans and Loan Participations                    
Fair Value of Net Assets Acquired                    
Goodwill       $ 670,014 $ 670,014     $ 670,014   $ 0
Sunlight Financial LLC                    
Narrative Disclosures                    
Cash received $ 55,100                  
Tax withholding paid related to cash compensation paid to the Company's employees 5,600                  
Business combination expenses             $ 7,000      
Payment of acquisition-related advisory fees 7,900                  
Purchase Consideration                    
Rollover of Sunlight Financial LLC historical warrants 2,499                  
Cash consideration to Sellers, net 296,281                  
Cash paid for seller transaction costs 8,289                  
Purchase consideration 664,869                  
Fair Value of Net Assets Acquired                    
Cash and cash equivalents 59,786 $ 59,786         59,786      
Restricted cash 3,844 3,844         3,844      
Goodwill 670,014 670,014         670,014      
Intangible assets 407,600 407,600         407,600      
Property and equipment 1,047 1,047         1,047      
Due from affiliates 1,839 1,839         1,839      
Other assets 4,535 4,535         4,535      
Accounts payable and accrued expenses (19,210) (19,210)         (19,210)      
Funding commitments (21,485) (21,485)         (21,485)      
Debt (20,613) (20,613)         (20,613)      
Distributions payable 0 0         0      
Due to affiliates (761) (761)         (761)      
Warrants, at fair value 0 0         0      
Deferred tax liability (41,743) (41,743)         (41,743)      
Other liabilities (512) (512)         (512)      
Fair value of noncontrolling interests (427,211) (427,211)         (427,211)      
Fair value of net assets acquired 664,869 664,869         664,869      
Equity Consideration                    
Acceleration of post business combination expense (3,110)                  
Acceleration of post business combination expense, cash portion 0                  
Acquired Intangible Assets                    
Fair value, intangible assets acquired 407,600                  
Noncontrolling Interest                    
Fair value of Class EX units 437,204 437,204         437,204      
Less: Postcombination compensation expenses (9,993)                  
Noncontrolling interests $ 427,211 $ 427,211         $ 427,211      
Sunlight Financial LLC | Contractor relationships                    
Acquired Intangible Assets                    
Weighted average useful lives, intangible assets acquired 11 years 6 months                  
Fair value, intangible assets acquired $ 350,000                  
Sunlight Financial LLC | Capital provider relationships                    
Acquired Intangible Assets                    
Weighted average useful lives, intangible assets acquired 9 months 18 days                  
Fair value, intangible assets acquired $ 43,000                  
Sunlight Financial LLC | Trademarks/trade names                    
Acquired Intangible Assets                    
Weighted average useful lives, intangible assets acquired 10 years                  
Fair value, intangible assets acquired $ 7,900                  
Sunlight Financial LLC | Developed technology                    
Acquired Intangible Assets                    
Weighted average useful lives, intangible assets acquired 5 years                  
Fair value, intangible assets acquired $ 6,700                  
Sunlight Financial LLC | Class A common stock                    
Purchase Consideration                    
Equity consideration paid to existing Sunlight Financial LLC ownership in Class A Common Stock, net $ 357,800                  
Equity Consideration                    
Common Class A shares 38,151,192                  
Fair value per share (in dollars per share) $ 9.46 $ 9.46         $ 9.46      
Equity consideration paid to existing Blocker Holders $ 360,910                  
Equity consideration paid to Sellers, net $ 357,800                  
Noncontrolling Interest                    
Fair value per unit (in dollars per share) $ 9.46 9.46         9.46      
Sunlight Financial LLC | Common Class EX                    
Equity Consideration                    
Fair value per share (in dollars per share) $ 9.46 9.46         9.46      
Noncontrolling Interest                    
Common Class EX units (in shares) 46,216,054                  
Fair value per unit (in dollars per share) $ 9.46 $ 9.46         $ 9.46      
Sunlight Financial LLC | Advances                    
Fair Value of Net Assets Acquired                    
Advances and receivables $ 42,622 $ 42,622         $ 42,622      
Sunlight Financial LLC | Loans and Loan Participations                    
Fair Value of Net Assets Acquired                    
Advances and receivables $ 5,117 $ 5,117         $ 5,117