XML 70 R36.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Deferred Charges and Other Assets, net: (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of deferred charges and other assets, net | Deferred charges and other assets, net at December 31, 2014 and 2013 consist of the following:
| 2014 |  | 2013
Leasing | $ | 239,955 |  |  | $ | 223,038 |
Financing | 47,171 |  |  | 51,695 |
Intangible assets: |  |  |
In-place lease values(1) | 298,825 |  |  | 205,651 |
Leasing commissions and legal costs(1) | 72,432 |  |  | 50,594 |
Above-market leases | 250,810 |  |  | 118,770 |
Deferred tax assets | 35,625 |  |  | 31,356 |
Deferred compensation plan assets | 35,194 |  |  | 30,932 |
Other assets | 66,246 |  |  | 65,793 |
| 1,046,258 |  |  | 777,829 |
Less accumulated amortization(2) | (287,197 | ) |  | (244,771 | )
| $ | 759,061 |  |  | $ | 533,058 |
_______________________________
(1) | The estimated amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31, |
2015 | $ | 64,711 |
2016 | 45,990 |
2017 | 31,906 |
2018 | 25,760 |
2019 | 21,682 |
Thereafter | 77,847 |
| $ | 267,896 |
(2) | Accumulated amortization includes $103,361 and $89,141 relating to in-place lease values, leasing commissions and legal costs at December 31, 2014 and 2013, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $52,668, $53,139 and $32,456 for the years ended December 31, 2014, 2013 and 2012, respectively.
Schedule of estimated amortization of intangible assets for the next five years and thereafter | The estimated amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31, |
2015 | $ | 64,711 |
2016 | 45,990 |
2017 | 31,906 |
2018 | 25,760 |
2019 | 21,682 |
Thereafter | 77,847 |
| $ | 267,896 |
Allocated values of above-market leases and below-market leases | The allocated values of above-market leases and below-market leases consist of the following:
| 2014 |  | 2013
Above-Market Leases |  |  |
Original allocated value | $ | 250,810 |  |  | $ | 118,770 |
Less accumulated amortization | (59,696 | ) |  | (46,912 | )
| $ | 191,114 |  |  | $ | 71,858 |
Below-Market Leases(1) |  |  |
Original allocated value | $ | 375,033 |  |  | $ | 187,537 |
Less accumulated amortization | (93,511 | ) |  | (79,271 | )
| $ | 281,522 |  |  | $ | 108,266 |
_______________________________
(1) | Below‑market leases are included in other accrued liabilities.
Schedule of estimated amortization of allocated values of above and below-market leases for the next five years and thereafter | The estimated amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31, |  | Above Market |  | Below Market
2015 |  | $ | 26,591 |  |  | $ | 37,808 |
2016 |  | 23,516 |  |  | 35,647 |
2017 |  | 19,413 |  |  | 29,931 |
2018 |  | 16,024 |  |  | 26,354 |
2019 |  | 13,210 |  |  | 23,595 |
Thereafter |  | 92,360 |  |  | 128,187 |
|  | $ | 191,114 |  |  | $ | 281,522 |

X
- Definition Tabular disclosure of the allocated values of above and below-market leases expected to be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. + References No definition available. + Details
Name: | mac_ScheduleOfAboveMarketLeaseAndBelowMarketLeaseFutureAmortizationTableTextBlock
Namespace Prefix: | mac_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration