Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share - Schedule of Earnings Per Share Basic by Common Class (Detail)

v3.22.2
Earnings Per Share - Schedule of Earnings Per Share Basic by Common Class (Detail) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Numerator        
Net loss $ (167,823) $ (14,824) $ 124,320 $ (231,818)
Less: loss attributable to noncontrolling interest [1] (127,143) (17,089)   (182,645)
Net income (loss) attributable to holders of Class A Common Stock—basic $ (40,680) $ 2,265   $ (49,173)
Denominator        
Weighted average shares of Class A Common Stock outstanding—basic 62,379,041 59,881,714   61,580,900
Basic net earnings (loss) per share $ (0.65) $ 0.04   $ (0.8)
[1] The Class A LLC Units of FoA Equity, held by the Continuing Unitholders, which comprise the noncontrolling interest in the Company, represents a participating security. Therefore, the numerator was adjusted to reduce net income by the amount of net income attributable to noncontrolling interest.