XML 48 R45.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Distributions Made to Common Stockholders on a Per Share Basis | The following table details the components of the distributions, on a per share basis, for the years ended December 31, 2019, 2018 and 2017:
|  | 2019(1) |  |  |  | 2018(1) |  |  |  | 2017 |  |
Ordinary income |  | $ | 1.32 |  |  | 44.2 | % |  | $ | 1.91 |  |  | 64.3 | % |  | $ | 1.98 |  |  | 69.0 | %
Capital gains |  | 0.64 |  |  | 21.2 | % |  | 0.05 |  |  | 1.7 | % |  | 0.51 |  |  | 17.8 | %
Unrecaptured Section 1250 gain |  | — |  |  | — | % |  | — |  |  | — | % |  | 0.38 |  |  | 13.2 | %
Return of capital |  | 1.04 |  |  | 34.6 | % |  | 1.01 |  |  | 34.0 | % |  | — |  |  | — | %
Dividends paid |  | $ | 3.00 |  |  | 100.0 | % |  | $ | 2.97 |  |  | 100.0 | % |  | $ | 2.87 |  |  | 100.0 | %
_______________________________________________________________________________ (1)The 2019 and 2018 taxable ordinary dividends are treated as "qualified REIT dividends" for purposes of Internal Revenue Code Section 199A.
Schedule of Income Tax Provision of TRSs | The income tax provision of the TRSs for the years ended December 31, 2019, 2018 and 2017 are as follows:
| 2019 |  | 2018 |  | 2017
Current | $ | (150) |  |  | $ | 413 |  |  | $ | 185 |
Deferred | (1,439) |  |  | 3,191 |  |  | (15,779) |
Income tax (expense) benefit | $ | (1,589) |  |  | $ | 3,604 |  |  | $ | (15,594) |
Reconciliation of Income Tax Provision of the TRSs to the Amount Computed by Applying the Federal Corporate Tax Rate | The income tax provision of the TRSs for the years ended December 31, 2019, 2018 and 2017 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:
| 2019 |  | 2018 |  | 2017
Book (income) loss for TRSs | $ | (2,062) |  |  | $ | 19,525 |  |  | $ | 2,094 |
Tax at statutory rate on earnings from continuing operations before income taxes | $ | (433) |  |  | $ | 4,100 |  |  | $ | 712 |
Change in tax rates | — |  |  | — |  |  | (14,189) |
State taxes | (280) |  |  | 513 |  |  | 109 |
Other | (876) |  |  | (1,009) |  |  | (2,226) |
Income tax (expense) benefit | $ | (1,589) |  |  | $ | 3,604 |  |  | $ | (15,594) |
Schedule of Tax Effects of Temporary Differences and Carryforwards of the TRSs Included in Net Deferred Tax Assets | The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2019 and 2018 are summarized as follows:
| 2019 |  | 2018
Net operating loss carryforwards | $ | 22,338 |  |  | $ | 25,751 |
Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs | 6,784 |  |  | 4,524 |
Other | 1,635 |  |  | 1,922 |
Net deferred tax assets | $ | 30,757 |  |  | $ | 32,197 |

X
- Definition Tabular disclosure of distributions paid to common stockholders on a per share basis, consisting of ordinary income, capital gains, unrecaptured Section 1250 gain and return of capital or a combination thereof. + References No definition available. + Details
Name: | mac_ScheduleOfDistributionsMadeToCommonStockholdersOnPerShareBasisTableTextBlock
Namespace Prefix: | mac_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration