Quarterly report pursuant to Section 13 or 15(d)

Payables and Other Liabilities

v3.22.1
Payables and Other Liabilities
 3 Months Ended
Mar. 31, 2022
Payables and Accruals [Abstract]  
Payables and Other Liabilities
17.
Payables and Other Liabilities
Payables and other liabilities consisted of the following (in thousands):
 
    
March 31, 2022
     
December 31, 2021
  
Accrued liabilities
   
$
259,133
 
    $ 114,931  
Derivative liabilities
   
 
91,364
 
      26,678  
Accrued compensation expense
   
 
82,052
 
      129,919  
Lease liabilities
   
 
62,933
 
      65,518  
Deferred purchase price liabilities
   
 
42,541
 
      47,479  
GNMA reverse mortgage buyout payable
   
 
33,601
 
      31,274  
Deferred tax liability, net
   
 
19,658
 
      18,581  
Estimate of claim losses
   
 
15,821
 
      14,993  
Liability for loans eligible for repurchase from GNMA
   
 
10,345
 
      7,956  
Repurchase reserves
   
 
7,856
 
      8,685  
Warrant liability
   
 
5,648
 
      5,497  
    
 
 
     
 
 
  
Total payables and other liabilities
   
$
630,952
 
    $ 471,511  
    
 
 
     
 
 
  
Warrants
As of March 31, 2022, there were 14,375,000 Public Warrants outstanding. As of March 31, 2022, and December 31, 2021, the Warrants had a fair value of $5.6 million and $5.5 million, respectively. These liability-classified Public Warrants are out of the money and thus have no impact on diluted EPS.