Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings per Share - Earnings per Share Calculations (Details)

v3.23.2
Equity and Earnings per Share - Earnings per Share Calculations (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
shares
Net Income (Loss) Per Class A Shareholders, Basic        
Net income (loss) available to Class A shareholders | $ $ (54,547) $ 4,232 $ (77,358) $ (9,483)
Total weighted average shares outstanding (in shares) 95,751,483 84,635,413 90,367,223 84,717,117
Net Income (Loss) Per Class A Shareholders, Basic (in usd per share) | $ / shares $ (0.57) $ 0.05 $ (0.86) $ (0.11)
Net Income (Loss) Per Class A Shareholders, Diluted        
Net income (loss) available to Class A shareholders | $ $ (83,034) $ 4,232 $ (117,707) $ (14,769)
Total weighted average shares outstanding (in shares) 140,724,710 84,668,201 135,340,450 131,433,095
Net Income (Loss) Per Class A Shareholders, Diluted (in usd per share) | $ / shares $ (0.59) $ 0.05 $ (0.87) $ (0.11)
Net income (loss) available to Class A shareholders        
Net Income (Loss) | $ $ (83,144) $ 5,659 $ (117,953) $ (16,947)
Noncontrolling interests in (income) loss of consolidated subsidiaries | $ 28,487 (1,543) 40,349 7,089
Other weighting adjustments | $ 110 116 246 375
Net Income (Loss) Attributable to Class A Shareholders | $ (54,547) 4,232 (77,358) (9,483)
Noncontrolling interests in income (loss) of Sunlight Financial LLC, net of assumed corporate income taxes at enacted rates, attributable to Class EX units exchangeable into Sunlight Financial Holdings Inc. Class A shares | $ (28,487) 0 (40,349) (5,286)
Net income (loss) available to Class A shareholders, diluted | $ $ (83,034) $ 4,232 $ (117,707) $ (14,769)
Weighted Average Units Outstanding        
Class A shares outstanding (in shares) 85,437,312 84,635,413 85,210,138 84,717,117
Fully vested affiliate warrants (in shares) 10,314,171 0 5,157,085 0
Total weighted average shares outstanding (in shares) 95,751,483 84,635,413 90,367,223 84,717,117
Class EX units exchangeable into Sunlight Financial Holdings Inc. Class A shares (in shares) 44,973,227 0 44,973,227 46,715,978
Incremental Class A Shares attributable to dilutive effect of warrants (in shares) 0 0 0 0
Incremental Common Shares Attributable to Immediately Exercisable Bank Partner warrants 0 0 0 0
Class A restricted share units granted to employees and directors (eligible for dividend and dividend equivalent payments) (in shares) 0 32,788 0 0
Total weighted average shares outstanding, diluted (in shares) 140,724,710 84,668,201 135,340,450 131,433,095
Debt instrument, convertible, conversion ratio     1  
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive shares (in shares) 40,928,278 77,211,112 37,111,959 30,688,271
Treasury Shares From Bank Partner Warrants        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive shares (in shares) 139,811 47,504 139,811 47,504