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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2018
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The table below presents a summary of financial assets and financial liabilities carried at fair value on a recurring basis, including financial instruments for which the fair value option was elected but excluding financial assets under the NAV practical expedient.
|  | Fair Value Measurements
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
December 31, 2018 |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Equity method investments |  | $ | — |  |  | $ | — |  |  | $ | 81,085 |  |  | $ | 81,085 |
Equity securities of consolidated funds |  | 26,754 |  |  | — |  |  | — |  |  | 26,754 |
Debt securities available for sale—N-Star CDO bonds |  | — |  |  | — |  |  | 64,127 |  |  | 64,127 |
CMBS of consolidated fund |  | — |  |  | 32,706 |  |  | — |  |  | 32,706 |
Other assets—derivative assets |  | — |  |  | 33,558 |  |  | — |  |  | 33,558 |
Liabilities |  |  |  |  |  |  |  |
Other liabilities—derivative liabilities |  | — |  |  | 132,808 |  |  | — |  |  | 132,808 |
Other liabilities—contingent consideration for THL Hotel Portfolio |  | — |  |  | — |  |  | 8,903 |  |  | 8,903 |
|  | Fair Value Measurements
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
December 31, 2017 |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Loans receivable—securitized loans |  | $ | — |  |  | $ | — |  |  | $ | 45,423 |  |  | $ | 45,423 |
Equity method investments |  | — |  |  | — |  |  | 363,901 |  |  | 363,901 |
Equity securities of consolidated fund |  | 35,600 |  |  | — |  |  | — |  |  | 35,600 |
Debt securities available for sale |  |  |  |  |  |  |  |
CRE securities of consolidated N-Star CDOs: |  |  |  |  |  |  |  |
CMBS |  | — |  |  | — |  |  | 147,945 |  |  | 147,945 |
Other securities |  | — |  |  | — |  |  | 66,983 |  |  | 66,983 |
N-Star CDO bonds |  | — |  |  | — |  |  | 90,933 |  |  | 90,933 |
CMBS and other securities |  | — |  |  | — |  |  | 17,382 |  |  | 17,382 |
CMBS of consolidated fund |  | — |  |  | 25,099 |  |  | — |  |  | 25,099 |
Other assets—derivative assets |  | — |  |  | 10,152 |  |  | — |  |  | 10,152 |
Liabilities |  |  |  |  |  |  |  |
Debt—securitization bonds payable |  | — |  |  | — |  |  | 44,542 |  |  | 44,542 |
Other liabilities—derivative liabilities |  | — |  |  | 204,848 |  |  | — |  |  | 204,848 |
Other liabilities—contingent consideration for THL Hotel Portfolio |  | — |  |  | — |  |  | 7,419 |  |  | 7,419 |
Due to affiliates—contingent consideration for Internalization |  | — |  |  | — |  |  | 20,650 |  |  | 20,650 |
Schedule of Fair Value Assumptions Related to Contingent Consideration | The Company relies on the third party pricing exception with respect to the requirement to provide quantitative disclosures about significant Level 3 inputs being used to determine fair value measurements for CRE debt securities, except for N-Star CDO bonds, and prior to May 2018, loans receivable and bonds payable issued by a consolidated securitization trust held by a previously consolidated N-Star CDO. The Company believes that the pricing service or broker quotations for these instruments may be based on market transactions of comparable securities, inputs including forecasted market rates, contractual terms, observable discount rates for similar securities and credit, such as credit support and delinquency rates. Quantitative information about recurring Level 3 fair value measurements, for which information about unobservable inputs is reasonably available to the Company, are as follows.
|  |  |  | Valuation Technique |  | Key Unobservable Inputs |  | Input Value |  | Effect on Fair Value from Increase in Input Value (1)
Financial Instrument |  | Fair Value (In thousands) |  |  |  | Weighted Average (Range) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |
Level 3 Assets |  |  |  |  |  |  |  |  |  |
Equity method investments—third party private equity funds |  | $ | 5,908 |  |  | Transaction price and NAV(2) |  | Not applicable |  | Not applicable |  | Not applicable
Equity method investments—other |  | 21,831 |  |  | Discounted cash flows |  | Discount rate |  | 17.5% (9.1% - 18.4%) |  | Decrease
Equity method investments—other |  | 25,000 |  |  | Multiple |  | Revenue multiple |  | 5.8x |  | Increase
Equity method investments—other |  | 28,346 |  |  | Transaction price(3) |  | Not applicable |  | Not applicable |  | Not applicable
N-Star CDO bonds |  | 64,127 |  |  | Discounted cash flows |  | Discount rate |  | 21.6% (13.6% - 56.5%) |  | Decrease
Level 3 Liabilities |  |  |  |  |  |  |  |  |  |
Other liabilities—contingent consideration for THL Hotel Portfolio |  | 8,903 |  |  | Discounted cash flows |  | Discount rate |  | 20.0% |  | Decrease
December 31, 2017 |  |  |  |  |  |  |  |  |  |
Level 3 Assets |  |  |  |  |  |  |  |  |  |
Equity method investments—third party private equity funds |  | $ | 204,774 |  |  | Discounted cash flows |  | Discount rate |  | 14.6% (11.0% - 20.0%) |  | Decrease
Equity method investments—other |  | 26,408 |  |  | Discounted cash flows |  | Discount rate |  | 14.2% (8.8% - 14.8%) |  | Decrease
Equity method investments—other |  | 132,719 |  |  | Transaction price(3) |  | Not applicable |  | Not applicable |  | Not applicable
N-Star CDO bonds |  | 90,933 |  |  | Discounted cash flows |  | Discount rate |  | 24.0% (10.8% - 87.4%) |  | Decrease
Level 3 Liabilities |  |  |  |  |  |  |  |  |  |
Due to affiliates—contingent consideration for Internalization |  | 20,650 |  |  | Monte Carlo simulation |  | Benchmark FFO volatility |  | 11.8% |  | Increase
|  |  |  |  |  | Equity volatility |  | 18.7% |  | Increase
|  |  |  |  |  | Correlation (4) |  | 80.0% |  | Increase
Other liabilities—contingent consideration for THL Hotel Portfolio |  | 7,419 |  |  | Discounted cash flows |  | Discount rate |  | 20.0% |  | Decrease
__________
(1) | Represents the directional change in fair value that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the reverse effect. Significant increases or decreases in these inputs in isolation could result in significantly higher or lower fair value measures.
(2) | Fair value was estimated based on a combination of inputs, namely indicative prices of investments sold by the Company as well as underlying NAV of the respective funds on a quarter lag.
(3) | Valued based upon transaction price of investments recently acquired or offer prices on investments pending sales.
(4) | Represents assumed correlation between Benchmark FFO and the Company's class A common stock price.
Fair value of PSUs, including dividend equivalent rights, was determined using a Monte Carlo simulation under a risk-neutral premise, with the following assumptions:
| 2018 PSU Grant
Expected volatility of the Company's class A common stock (1) | 38 | %
Expected annual dividend yield (2) | 7.6 | %
Risk-free rate (per annum) (3) | 2.44 | %
__________
(1) | Based on a combination of implied volatilities on actively traded stock options and historical volatilities, on the stock of the Company and the specified peer group.
(2) | Based on an average of the Company's current and historical dividend yields.
(3) | Based on the prevailing 3-year zero coupon US Treasury yield on grant date.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table presents changes in recurring Level 3 fair value measurements, including realized and unrealized gains (losses) included in earnings and accumulated other comprehensive income.
|  | Level 3 Assets |  | Level 3 Liabilities
(In thousands) |  | Loans Receivable |  | Equity Method Investments |  | Securities |  | Debt |  | Due to Affiliates—Contingent Consideration for Internalization |  | Other Liabilities—Contingent Consideration for THL Hotel Portfolio
Fair value at December 31, 2015 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (52,990 | ) |  | $ | — |
Unrealized gain in earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,740 |  |  | — |
Fair value at December 31, 2016 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (41,250 | ) |  | $ | — |
Unrealized gain related to balance recorded in earnings |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11,740 |  |  | $ | — |
Fair value at December 31, 2016 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (41,250 | ) |  | $ | — |
Acquired through the Merger |  | — |  |  | 362,269 |  |  | 427,560 |  |  | — |  |  | — |  |  | — |
Consideration for business combination |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,771 | )
Consolidation of securitization trust | Consolidation of securitization trust | 58,296 |  |  | — |  |  | — |  |  | (56,928 | ) |  | — |  |  | — |
Purchases, contributions or accretion |  | — |  |  | 162,323 |  |  | 40,035 |  |  | 10,564 |  |  | — |  |  | — |
Paydowns or distributions |  | (10,564 | ) |  | (166,795 | ) |  | (120,728 | ) |  | — |  |  | — |  |  | — |
Realized losses in earnings |  | — |  |  | — |  |  | (38,885 | ) |  | — |  |  | — |  |  | — |
Unrealized gains: |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | (2,309 | ) |  | 6,104 |  |  | — |  |  | 1,822 |  |  | 20,600 |  |  | (648 | )
In other comprehensive income |  | — |  |  | — |  |  | 15,261 |  |  | — |  |  | — |  |  | — |
Fair value at December 31, 2017 |  | $ | 45,423 |  |  | $ | 363,901 |  |  | $ | 323,243 |  |  | $ | (44,542 | ) |  | $ | (20,650 | ) |  | $ | (7,419 | )
Unrealized gains (losses) on ending balance: |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | $ | (2,309 | ) |  | $ | 6,104 |  |  | $ | — |  |  | $ | 1,822 |  |  | $ | 20,600 |  |  | $ | (648 | )
In other comprehensive income (loss) |  | $ | — |  |  | $ | — |  |  | $ | 15,261 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Fair value at December 31, 2017 |  | $ | 45,423 |  |  | $ | 363,901 |  |  | $ | 323,243 |  |  | $ | (44,542 | ) |  | $ | (20,650 | ) |  | $ | (7,419 | )
Purchases, contributions or accretion |  | — |  |  | 61,113 |  |  | 21,049 |  |  | — |  |  | — |  |  | — |
Paydowns, distributions or sales |  | (638 | ) |  | (188,409 | ) |  | (138,261 | ) |  | 638 |  |  | — |  |  | — |
Deconsolidation |  | (44,070 | ) |  | — |  |  | (124,344 | ) |  | 43,847 |  |  | — |  |  | — |
Transfer out of liabilities into equity |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,539 |  |  | — |
Transfers out of Level 3 |  | — |  |  | (132,527 | ) |  | — |  |  | — |  |  | 6,381 |  |  | — |
Contribution to Colony Credit (Note 4) |  | — |  |  | (26,134 | ) |  | — |  |  | — |  |  | — |  |  | — |
Realized gains in earnings |  | — |  |  | 3,208 |  |  | 3,877 |  |  | — |  |  | — |  |  | — |
Unrealized gains (losses): |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | (715 | ) |  | (67 | ) |  | — |  |  | 57 |  |  | 1,730 |  |  | (1,484 | )
In other comprehensive income (loss) |  | — |  |  | — |  |  | (21,437 | ) |  | — |  |  | — |  |  | — |
Fair value at December 31, 2018 |  | $ | — |  |  | $ | 81,085 |  |  | $ | 64,127 |  |  | $ | — |  |  | $ | — |  |  | $ | (8,903 | )
Unrealized gains (losses) on ending balance: |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | $ | (715 | ) |  | $ | (67 | ) |  | $ | — |  |  | $ | 57 |  |  | $ | 1,730 |  |  | $ | (1,484 | )
In other comprehensive income (loss) |  | $ | — |  |  | $ | — |  |  | $ | (3,386 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The following table presents changes in recurring Level 3 fair value measurements, including realized and unrealized gains (losses) included in earnings and accumulated other comprehensive income.
|  | Level 3 Assets |  | Level 3 Liabilities
(In thousands) |  | Loans Receivable |  | Equity Method Investments |  | Securities |  | Debt |  | Due to Affiliates—Contingent Consideration for Internalization |  | Other Liabilities—Contingent Consideration for THL Hotel Portfolio
Fair value at December 31, 2015 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (52,990 | ) |  | $ | — |
Unrealized gain in earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,740 |  |  | — |
Fair value at December 31, 2016 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (41,250 | ) |  | $ | — |
Unrealized gain related to balance recorded in earnings |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11,740 |  |  | $ | — |
Fair value at December 31, 2016 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (41,250 | ) |  | $ | — |
Acquired through the Merger |  | — |  |  | 362,269 |  |  | 427,560 |  |  | — |  |  | — |  |  | — |
Consideration for business combination |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,771 | )
Consolidation of securitization trust | Consolidation of securitization trust | 58,296 |  |  | — |  |  | — |  |  | (56,928 | ) |  | — |  |  | — |
Purchases, contributions or accretion |  | — |  |  | 162,323 |  |  | 40,035 |  |  | 10,564 |  |  | — |  |  | — |
Paydowns or distributions |  | (10,564 | ) |  | (166,795 | ) |  | (120,728 | ) |  | — |  |  | — |  |  | — |
Realized losses in earnings |  | — |  |  | — |  |  | (38,885 | ) |  | — |  |  | — |  |  | — |
Unrealized gains: |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | (2,309 | ) |  | 6,104 |  |  | — |  |  | 1,822 |  |  | 20,600 |  |  | (648 | )
In other comprehensive income |  | — |  |  | — |  |  | 15,261 |  |  | — |  |  | — |  |  | — |
Fair value at December 31, 2017 |  | $ | 45,423 |  |  | $ | 363,901 |  |  | $ | 323,243 |  |  | $ | (44,542 | ) |  | $ | (20,650 | ) |  | $ | (7,419 | )
Unrealized gains (losses) on ending balance: |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | $ | (2,309 | ) |  | $ | 6,104 |  |  | $ | — |  |  | $ | 1,822 |  |  | $ | 20,600 |  |  | $ | (648 | )
In other comprehensive income (loss) |  | $ | — |  |  | $ | — |  |  | $ | 15,261 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Fair value at December 31, 2017 |  | $ | 45,423 |  |  | $ | 363,901 |  |  | $ | 323,243 |  |  | $ | (44,542 | ) |  | $ | (20,650 | ) |  | $ | (7,419 | )
Purchases, contributions or accretion |  | — |  |  | 61,113 |  |  | 21,049 |  |  | — |  |  | — |  |  | — |
Paydowns, distributions or sales |  | (638 | ) |  | (188,409 | ) |  | (138,261 | ) |  | 638 |  |  | — |  |  | — |
Deconsolidation |  | (44,070 | ) |  | — |  |  | (124,344 | ) |  | 43,847 |  |  | — |  |  | — |
Transfer out of liabilities into equity |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,539 |  |  | — |
Transfers out of Level 3 |  | — |  |  | (132,527 | ) |  | — |  |  | — |  |  | 6,381 |  |  | — |
Contribution to Colony Credit (Note 4) |  | — |  |  | (26,134 | ) |  | — |  |  | — |  |  | — |  |  | — |
Realized gains in earnings |  | — |  |  | 3,208 |  |  | 3,877 |  |  | — |  |  | — |  |  | — |
Unrealized gains (losses): |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | (715 | ) |  | (67 | ) |  | — |  |  | 57 |  |  | 1,730 |  |  | (1,484 | )
In other comprehensive income (loss) |  | — |  |  | — |  |  | (21,437 | ) |  | — |  |  | — |  |  | — |
Fair value at December 31, 2018 |  | $ | — |  |  | $ | 81,085 |  |  | $ | 64,127 |  |  | $ | — |  |  | $ | — |  |  | $ | (8,903 | )
Unrealized gains (losses) on ending balance: |  |  |  |  |  |  |  |  |  |  |  |
In earnings |  | $ | (715 | ) |  | $ | (67 | ) |  | $ | — |  |  | $ | 57 |  |  | $ | 1,730 |  |  | $ | (1,484 | )
In other comprehensive income (loss) |  | $ | — |  |  | $ | — |  |  | $ | (3,386 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis | Investments in retail companies, which include a Company-sponsored non-traded REIT and a third party managed open-end mutual fund, as well as limited partnership interest in a third party private fund are valued using NAV of the respective vehicles effective January 1, 2018.
|  | December 31, 2018
(In thousands) |  | Fair Value |  | Unfunded Commitments
Private fund—real estate |  | $ | 12,617 |  |  | $ | 13,658 |
Retail Companies—real estate |  | 21,674 |  |  | — |
Fair Value Measurements, Nonrecurring | The following table summarizes assets carried at fair value on a nonrecurring basis, measured at the time of impairment.
|  | December 31, 2018 |  | December 31, 2017
(In thousands) |  | Level 2 |  | Level 3 |  | Total |  | Level 2 |  | Level 3 |  | Total
Real estate held for sale |  | $ | 68,864 |  |  | $ | 200,281 |  |  | $ | 269,145 |  |  | $ | 13,252 |  |  | $ | 36,246 |  |  | $ | 49,498 |
Real estate held for investment |  | — |  |  | 416,272 |  |  | 416,272 |  |  | — |  |  | 224,935 |  |  | 224,935 |
Intangible assets—investment management contracts |  | — |  |  | 36,400 |  |  | 36,400 |  |  | — |  |  | 51,100 |  |  | 51,100 |
Equity method investments |  | — |  |  | 32,761 |  |  | 32,761 |  |  | — |  |  | 11,871 |  |  | 11,871 |
The following table summarizes the fair value write-downs to assets carried at nonrecurring fair values during the periods presented.
|  | Year Ended December 31,
(In thousands) |  | 2018 |  | 2017 |  | 2016
Impairment loss |  |  |  |  |  |
Real estate held for sale |  | $ | 77,211 |  |  | $ | 25,619 |  |  | $ | 11,334 |
Real estate held for investment |  | 280,418 |  |  | 19,668 |  |  | 57 |
Intangible assets—lease intangibles |  | 12,744 |  |  | — |  |  | — |
Intangible assets—investment management contracts |  | 147,429 |  |  | 59,073 |  |  | 320 |
Intangible assets—customer relationships |  | 10,109 |  |  | — |  |  | — |
Intangible assets—trade name |  | 59,464 |  |  | — |  |  | — |
Equity method earnings |  | 61,182 |  |  | 6,774 |  |  | — |
Fair and Carrying Values of Assets and Liabilities by the Level in the Fair Value Hierarchy by Balance Sheet Grouping | Carrying amounts and estimated fair values of financial instruments reported at amortized cost are presented below. The carrying values of cash, interest receivable, accounts receivable, due from and to affiliates, interest payable and accounts payable approximate fair value due to their short term nature and credit risk, if any, are negligible.
|  | Fair Value Measurements |  | Carrying Value
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
December 31, 2018 |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Loans at amortized cost |  | $ | — |  |  | $ | — |  |  | $ | 1,667,892 |  |  | $ | 1,667,892 |  |  | $ | 1,659,217 |
Liabilities |  |  |  |  |  |  |  |  |  |
Debt at amortized cost |  |  |  |  |  |  |  |  |  |
Convertible and exchangeable senior notes |  | 547,300 |  |  | 13,095 |  |  | — |  |  | 560,395 |  |  | 612,150 |
Secured debt |  | — |  |  | — |  |  | 9,218,692 |  |  | 9,218,692 |  |  | 9,228,721 |
Junior subordinated debt |  | — |  |  | — |  |  | 169,619 |  |  | 169,619 |  |  | 199,086 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Loans at amortized cost |  | $ | — |  |  | $ | — |  |  | $ | 3,232,301 |  |  | $ | 3,232,301 |  |  | $ | 3,178,339 |
Liabilities |  |  |  |  |  |  |  |  |  |
Debt at amortized cost |  |  |  |  |  |  |  |  |  |
Corporate credit facility |  | — |  |  | 50,000 |  |  | — |  |  | 50,000 |  |  | 50,000 |
Convertible and exchangeable senior notes |  | 608,491 |  |  | 13,979 |  |  | — |  |  | 622,470 |  |  | 610,331 |
Secured and unsecured debt |  | — |  |  | — |  |  | 9,703,680 |  |  | 9,703,680 |  |  | 9,622,175 |
Securitization bonds payable |  | — |  |  | 132,815 |  |  | 169,908 |  |  | 302,723 |  |  | 303,709 |
Junior subordinated debt |  | — |  |  | — |  |  | 216,316 |  |  | 216,316 |  |  | 197,053 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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