Acquisition - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands |
Jul. 01, 2021 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
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Fair value of liabilities assumed: | ||||
Goodwill | $ 175,144 | $ 62,834 | $ 62,834 | |
RMS | ||||
Purchase price: | ||||
Cash paid at closing of the transaction | $ 185,786 | |||
Fair value of Class A common stock issued | 15,289 | |||
Estimated fair value of contingent consideration | 63,956 | |||
Total purchase price | 265,031 | |||
Fair value of assets acquired: | ||||
Cash, cash equivalents and restricted cash | 85,559 | |||
Mortgage loans held for sale | 465,020 | |||
Acquired intangible assets | 45,000 | |||
Right-of-use assets | 11,855 | |||
Other | 35,213 | |||
Total assets acquired | 642,647 | |||
Fair value of liabilities assumed: | ||||
Warehouse lines of credit | 431,175 | |||
Accounts payable and accrued expenses | 26,960 | |||
Operating lease liabilities | 12,959 | |||
Deferred taxes | 16,231 | |||
Other | 2,601 | |||
Total liabilities assumed | 489,926 | |||
Fair value of net identifiable assets acquired | 152,721 | |||
Goodwill | $ 112,310 |
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- Definition Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Liabilities, Other No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Loans Held for Sale No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Right-Of-Use Asset No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Other Assets No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities incurred by the acquirer as part of consideration transferred in a business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of lease obligation assumed in business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of financial liabilities assumed (as defined) which have been recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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