XML 25 R2.htm IDEA: XBRL DOCUMENT
v3.25.1

Pay vs Performance Disclosure | 12 Months Ended
--- | ---
Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($)
Pay vs Performance Disclosure |  |  |  |  |
Pay vs Performance Disclosure, Table | Pay Versus Performance As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we have prepared this pay versus performance disclosure, which serves to further demonstrate the alignment of our executive compensation program with stockholder interests.
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Value of Initial Fixed $100 Investment Based on: |  |  |  |  |  |  |
| Year |  |  | Summary Compensation Table Total for PEO ($) |  |  | Compensation Actually Paid to PEO(1) ($) |  |  | Average Summary Compensation Table Total for Non-PEO NEOs ($) |  |  | Average Compensation Actually Paid to Non-PEO NEOs(2) ($) |  |  | Tota l Stockholder Return(3) ($) |  |  | Peer Group Total Stockholder Return(3)(4) ($) |  |  | Net Income/ (Loss)(5) ($ in thousands) |  |  | Adjusted Distributable Earnings ROAE(6)(%) |
| 2024 |  |  | 8,081,167 |  |  | 7,556,905 |  |  | 2,939,758 |  |  | 2,305,445 |  |  | 56.74 |  |  | 75.94 |  |  | 119,251 |  |  | 11.76% |
| 2023 |  |  | 6,640,540 |  |  | 8,535,274 |  |  | 2,117,517 |  |  | 2,389,541 |  |  | 55.42 |  |  | 76.61 |  |  | 80,164 |  |  | 11.98% |
| 2022 |  |  | 6,262,232 |  |  | 1,308,212 |  |  | 1,915,344 |  |  | 875,766 |  |  | 42.43 |  |  | 66.88 |  |  | (231,581) |  |  | 11.03% |
| 2021 |  |  | 7,411,604 |  |  | 8,255,983 |  |  | 2,142,227 |  |  | 2,307,231 |  |  | 67.39 |  |  | 92.17 |  |  | 328,870 |  |  | 10.46% |
| 2020 |  |  | 4,579,952 |  |  | 870,934 |  |  | 1,421,460 |  |  | 522,051 |  |  | 52.80 |  |  | 79.34 |  |  | (679,390) |  |  | (0.72%) |
1. | For each of 2024, 2023, 2022, 2021 and 2020, our principal executive officer (PEO) was Craig L. Knutson. For more detail regarding how the amounts in this column are calculated, refer to the Summary Compensation Table found on page 56 of this Proxy Statement and “Adjustments to Summary Compensation Tables to Determine Compensation Actually Paid” tables below.
2. | For 2024, our remaining NEOs consisted of Bryan Wulfsohn, Michael C. Roper, Lori R. Samuels, Harold E. Schwartz and Gudmundur Kristjansson, our former Senior Vice President and Co-Chief Investment Officer, whose employment with the Company was terminated effective November 22, 2024. For 2023, our remaining NEOs consisted of Mr. Wulfsohn, Mr. Roper, Mr. Schwartz, Mr. Kristjansson and Stephen D. Yarad, our former Chief Financial Officer, who resigned his employment with the Company on September 15, 2023. For each of 2022, 2021 and 2020, our remaining NEOs consisted of Mr. Wulfsohn, Mr. Schwartz, Mr. Kristjansson and Mr. Yarad. For more detail regarding how the amounts in this column are calculated, refer to the Summary Compensation Table found on page 56 of this Proxy Statement and “Adjustments to Summary Compensation Tables to Determine Compensation Actually Paid” tables below.
3. | Total Stockholder Return and Peer Group Total Stockholder Return assume an initial investment of $100 invested on December 31, 2019.
4. | As permitted by SEC rules, the Peer Group referenced for purpose of the Total Stockholder Return comparison consists of the iShares Mortgage Real Estate ETF (Symbol: REM), which is an exchange traded fund the components of which are U.S. residential and commercial mortgage REITs and reflects an industry peer group used for purposes of Item 201(e) of Regulation S-K. Note that the Bloomberg Real Estate Investment Trust Mortgage Index (Symbol: BBREMTG), which was the Peer Group formerly used by Company for purposes of this table, was discontinued in 2024. The separate peer group used by the Compensation Committee for purposes of evaluating the compensation paid to our executive officers is described on page 37 of this Proxy Statement.
5. | Reflects after-tax net income/(loss) in accordance with GAAP for each of the years shown.
6. | The Company has designated “Adjusted Distributable Earnings ROAE” as its Company Selected Measure, as this measure (as well as, “Adjusted GAAP ROAE”) is the most important measure identified below under “2024 Most Important Financial Measures,” which, in the Company’s assessment, represents for 2024 the most important performance measure used to link compensation actually paid to our PEO and other NEOs to the Company’s performance. Adjusted Distributable Earnings ROAE is defined on page 40 of this Proxy Statement and is a non-GAAP financial measure. Per SEC rules, the percentage shown is for the applicable calendar year. See Appendix D for a reconciliation of such measure to its comparable GAAP measure for the 2024 calendar year.
Compensation Actually Paid represents the Summary Compensation Table Totals adjusted for the following items:
|  |  |  | Year 2024 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($4,000,017) |  |  | ($1,025,016) |
| Increase for fair value at 12/31/2024 of awards granted during 2024 that remain unvested as of year-end |  |  | $3,741,480 |  |  | $702,490 |
| Increase/(Deduction) for change in fair value from 12/31/2023 to 12/31/2024 of awards granted in 2023 that were outstanding and unvested as of 12/31/2024 |  |  | ($61,568) |  |  | ($15,161) |
| Increase/(Deduction) for change in fair value from 12/31/2023 to vesting date of awards granted in 2022 that vested during 2024 |  |  | ($86,669) |  |  | ($15,303) |
| Increase/(Deduction) for fair value at 12/31/2023 of forfeited performance-based awards granted in 2022 due to failure to meet required performance levels for vesting |  |  | ($117,488) |  |  | ($281,323) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($524,262) |  |  | ($634,313) |
|  |  |  | Year 2023 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($4,000,015) |  |  | ($990,014) |
| Increase for fair value at 12/31/2023 of awards granted during 2023 that remain unvested as of year-end |  |  | $5,551,780 |  |  | $1,256,102 |
| Increase/(Deduction) for change in fair value from 12/31/2022 to 12/31/2023 of awards granted in 2022 that were outstanding and unvested as of 12/31/2023 |  |  | $249,366 |  |  | $50,653 |
| Increase/(Deduction) for change in fair value from 12/31/2022 to vesting date of awards granted in 2021 that vested during 2023 |  |  | $384,236 |  |  | $72,102 |
| Increase/(Deduction) for fair value at 12/31/2022 of forfeited performance-based awards granted in 2021 due to failure to meet required performance levels for vesting |  |  | ($290,633) |  |  | ($116,819) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | $1,894,734 |  |  | $272,024 |
|  |  |  | Year 2022 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($3,200,032) |  |  | ($687,519) |
| Increase for fair value at 12/31/2022 of awards granted during 2022 that remain unvested as of year-end |  |  | $1,244,743 |  |  | $267,430 |
| Increase/(Deduction) for change in fair value from 12/31/2021 to 12/31/2022 of awards granted in 2021 that were outstanding and unvested as of 12/31/2022 |  |  | ($2,318,936) |  |  | ($469,731) |
| Increase/(Deduction) for change in fair value from 12/31/2021 to vesting date of awards granted in 2020 that vested during 2022 |  |  | ($304,753) |  |  | ($73,879) |
| (Deduction) for fair value at 12/31/2021 of forfeited performance-based awards granted in 2020 due to failure to meet required performance levels for vesting |  |  | ($375,042) |  |  | ($75,879) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($4,954,020) |  |  | ($1,039,578) |
|  |  |  | Year 2021 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($2,850,004) |  |  | ($587,502) |
| Increase for fair value at 12/31/2021 of awards granted during 2021 that remain unvested as of year-end |  |  | $4,049,339 |  |  | $827,995 |
| Increase/(Deduction) for change in fair value from 12/31/2020 to 12/31/2021 of awards granted in 2020 that were outstanding and unvested as of 12/31/2021 |  |  | ($219,388) |  |  | ($40,488) |
| Increase/(Deduction) for change in fair value from 12/31/2020 to vesting date of awards granted in 2019 that vested during 2021 |  |  | $87,209 |  |  | $22,282 |
| (Deduction) for fair value at 12/31/2020 of forfeited performance-based awards granted in 2019 due to failure to meet required performance levels for vesting |  |  | ($222,777) |  |  | ($57,283) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | $844,379 |  |  | $165,004 |
|  |  |  | Year 2020 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($2,668,552) |  |  | ($585,060) |
| Increase for fair value at 12/31/2020 of awards granted during 2020 that remain unvested as of year-end |  |  | $1,296,984 |  |  | $285,082 |
| Increase/(Deduction) for change in fair value from 12/31/2019 to 12/31/2020 of awards granted in 2019 that were outstanding and unvested as of 12/31/2020 |  |  | ($1,093,613) |  |  | ($280,402) |
| Increase/(Deduction) for change in fair value from 12/31/2019 to vesting date of awards granted in 2018 that vested during 2020 |  |  | ($617,410) |  |  | ($157,956) |
| (Deduction) for fair value at 12/31/2019 of forfeited performance-based awards granted in 2018 due to failure to meet required performance levels for vesting |  |  | ($626,427) |  |  | ($161,073) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($3,709,018) |  |  | ($899,409) |
Company Selected Measure Name | Adjusted Distributable Earnings ROAE |  |  |  |
Named Executive Officers, Footnote |
1. | For each of 2024, 2023, 2022, 2021 and 2020, our principal executive officer (PEO) was Craig L. Knutson. For more detail regarding how the amounts in this column are calculated, refer to the Summary Compensation Table found on page 56 of this Proxy Statement and “Adjustments to Summary Compensation Tables to Determine Compensation Actually Paid” tables below.
2. | For 2024, our remaining NEOs consisted of Bryan Wulfsohn, Michael C. Roper, Lori R. Samuels, Harold E. Schwartz and Gudmundur Kristjansson, our former Senior Vice President and Co-Chief Investment Officer, whose employment with the Company was terminated effective November 22, 2024. For 2023, our remaining NEOs consisted of Mr. Wulfsohn, Mr. Roper, Mr. Schwartz, Mr. Kristjansson and Stephen D. Yarad, our former Chief Financial Officer, who resigned his employment with the Company on September 15, 2023. For each of 2022, 2021 and 2020, our remaining NEOs consisted of Mr. Wulfsohn, Mr. Schwartz, Mr. Kristjansson and Mr. Yarad. For more detail regarding how the amounts in this column are calculated, refer to the Summary Compensation Table found on page 56 of this Proxy Statement and “Adjustments to Summary Compensation Tables to Determine Compensation Actually Paid” tables below.
Peer Group Issuers, Footnote |
4. | As permitted by SEC rules, the Peer Group referenced for purpose of the Total Stockholder Return comparison consists of the iShares Mortgage Real Estate ETF (Symbol: REM), which is an exchange traded fund the components of which are U.S. residential and commercial mortgage REITs and reflects an industry peer group used for purposes of Item 201(e) of Regulation S-K. Note that the Bloomberg Real Estate Investment Trust Mortgage Index (Symbol: BBREMTG), which was the Peer Group formerly used by Company for purposes of this table, was discontinued in 2024. The separate peer group used by the Compensation Committee for purposes of evaluating the compensation paid to our executive officers is described on page 37 of this Proxy Statement.
PEO Total Compensation Amount | $ 8,081,167 | $ 6,640,540 | $ 6,262,232 | $ 7,411,604 | $ 4,579,952
PEO Actually Paid Compensation Amount | $ 7,556,905 | 8,535,274 | 1,308,212 | 8,255,983 | 870,934
Adjustment To PEO Compensation, Footnote | Compensation Actually Paid represents the Summary Compensation Table Totals adjusted for the following items:
|  |  |  | Year 2024 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($4,000,017) |  |  | ($1,025,016) |
| Increase for fair value at 12/31/2024 of awards granted during 2024 that remain unvested as of year-end |  |  | $3,741,480 |  |  | $702,490 |
| Increase/(Deduction) for change in fair value from 12/31/2023 to 12/31/2024 of awards granted in 2023 that were outstanding and unvested as of 12/31/2024 |  |  | ($61,568) |  |  | ($15,161) |
| Increase/(Deduction) for change in fair value from 12/31/2023 to vesting date of awards granted in 2022 that vested during 2024 |  |  | ($86,669) |  |  | ($15,303) |
| Increase/(Deduction) for fair value at 12/31/2023 of forfeited performance-based awards granted in 2022 due to failure to meet required performance levels for vesting |  |  | ($117,488) |  |  | ($281,323) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($524,262) |  |  | ($634,313) |
|  |  |  | Year 2023 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($4,000,015) |  |  | ($990,014) |
| Increase for fair value at 12/31/2023 of awards granted during 2023 that remain unvested as of year-end |  |  | $5,551,780 |  |  | $1,256,102 |
| Increase/(Deduction) for change in fair value from 12/31/2022 to 12/31/2023 of awards granted in 2022 that were outstanding and unvested as of 12/31/2023 |  |  | $249,366 |  |  | $50,653 |
| Increase/(Deduction) for change in fair value from 12/31/2022 to vesting date of awards granted in 2021 that vested during 2023 |  |  | $384,236 |  |  | $72,102 |
| Increase/(Deduction) for fair value at 12/31/2022 of forfeited performance-based awards granted in 2021 due to failure to meet required performance levels for vesting |  |  | ($290,633) |  |  | ($116,819) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | $1,894,734 |  |  | $272,024 |
|  |  |  | Year 2022 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($3,200,032) |  |  | ($687,519) |
| Increase for fair value at 12/31/2022 of awards granted during 2022 that remain unvested as of year-end |  |  | $1,244,743 |  |  | $267,430 |
| Increase/(Deduction) for change in fair value from 12/31/2021 to 12/31/2022 of awards granted in 2021 that were outstanding and unvested as of 12/31/2022 |  |  | ($2,318,936) |  |  | ($469,731) |
| Increase/(Deduction) for change in fair value from 12/31/2021 to vesting date of awards granted in 2020 that vested during 2022 |  |  | ($304,753) |  |  | ($73,879) |
| (Deduction) for fair value at 12/31/2021 of forfeited performance-based awards granted in 2020 due to failure to meet required performance levels for vesting |  |  | ($375,042) |  |  | ($75,879) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($4,954,020) |  |  | ($1,039,578) |
|  |  |  | Year 2021 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($2,850,004) |  |  | ($587,502) |
| Increase for fair value at 12/31/2021 of awards granted during 2021 that remain unvested as of year-end |  |  | $4,049,339 |  |  | $827,995 |
| Increase/(Deduction) for change in fair value from 12/31/2020 to 12/31/2021 of awards granted in 2020 that were outstanding and unvested as of 12/31/2021 |  |  | ($219,388) |  |  | ($40,488) |
| Increase/(Deduction) for change in fair value from 12/31/2020 to vesting date of awards granted in 2019 that vested during 2021 |  |  | $87,209 |  |  | $22,282 |
| (Deduction) for fair value at 12/31/2020 of forfeited performance-based awards granted in 2019 due to failure to meet required performance levels for vesting |  |  | ($222,777) |  |  | ($57,283) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | $844,379 |  |  | $165,004 |
|  |  |  | Year 2020 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($2,668,552) |  |  | ($585,060) |
| Increase for fair value at 12/31/2020 of awards granted during 2020 that remain unvested as of year-end |  |  | $1,296,984 |  |  | $285,082 |
| Increase/(Deduction) for change in fair value from 12/31/2019 to 12/31/2020 of awards granted in 2019 that were outstanding and unvested as of 12/31/2020 |  |  | ($1,093,613) |  |  | ($280,402) |
| Increase/(Deduction) for change in fair value from 12/31/2019 to vesting date of awards granted in 2018 that vested during 2020 |  |  | ($617,410) |  |  | ($157,956) |
| (Deduction) for fair value at 12/31/2019 of forfeited performance-based awards granted in 2018 due to failure to meet required performance levels for vesting |  |  | ($626,427) |  |  | ($161,073) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($3,709,018) |  |  | ($899,409) |
Non-PEO NEO Average Total Compensation Amount | $ 2,939,758 | 2,117,517 | 1,915,344 | 2,142,227 | 1,421,460
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,305,445 | 2,389,541 | 875,766 | 2,307,231 | 522,051
Adjustment to Non-PEO NEO Compensation Footnote | Compensation Actually Paid represents the Summary Compensation Table Totals adjusted for the following items:
|  |  |  | Year 2024 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($4,000,017) |  |  | ($1,025,016) |
| Increase for fair value at 12/31/2024 of awards granted during 2024 that remain unvested as of year-end |  |  | $3,741,480 |  |  | $702,490 |
| Increase/(Deduction) for change in fair value from 12/31/2023 to 12/31/2024 of awards granted in 2023 that were outstanding and unvested as of 12/31/2024 |  |  | ($61,568) |  |  | ($15,161) |
| Increase/(Deduction) for change in fair value from 12/31/2023 to vesting date of awards granted in 2022 that vested during 2024 |  |  | ($86,669) |  |  | ($15,303) |
| Increase/(Deduction) for fair value at 12/31/2023 of forfeited performance-based awards granted in 2022 due to failure to meet required performance levels for vesting |  |  | ($117,488) |  |  | ($281,323) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($524,262) |  |  | ($634,313) |
|  |  |  | Year 2023 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($4,000,015) |  |  | ($990,014) |
| Increase for fair value at 12/31/2023 of awards granted during 2023 that remain unvested as of year-end |  |  | $5,551,780 |  |  | $1,256,102 |
| Increase/(Deduction) for change in fair value from 12/31/2022 to 12/31/2023 of awards granted in 2022 that were outstanding and unvested as of 12/31/2023 |  |  | $249,366 |  |  | $50,653 |
| Increase/(Deduction) for change in fair value from 12/31/2022 to vesting date of awards granted in 2021 that vested during 2023 |  |  | $384,236 |  |  | $72,102 |
| Increase/(Deduction) for fair value at 12/31/2022 of forfeited performance-based awards granted in 2021 due to failure to meet required performance levels for vesting |  |  | ($290,633) |  |  | ($116,819) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | $1,894,734 |  |  | $272,024 |
|  |  |  | Year 2022 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($3,200,032) |  |  | ($687,519) |
| Increase for fair value at 12/31/2022 of awards granted during 2022 that remain unvested as of year-end |  |  | $1,244,743 |  |  | $267,430 |
| Increase/(Deduction) for change in fair value from 12/31/2021 to 12/31/2022 of awards granted in 2021 that were outstanding and unvested as of 12/31/2022 |  |  | ($2,318,936) |  |  | ($469,731) |
| Increase/(Deduction) for change in fair value from 12/31/2021 to vesting date of awards granted in 2020 that vested during 2022 |  |  | ($304,753) |  |  | ($73,879) |
| (Deduction) for fair value at 12/31/2021 of forfeited performance-based awards granted in 2020 due to failure to meet required performance levels for vesting |  |  | ($375,042) |  |  | ($75,879) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($4,954,020) |  |  | ($1,039,578) |
|  |  |  | Year 2021 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($2,850,004) |  |  | ($587,502) |
| Increase for fair value at 12/31/2021 of awards granted during 2021 that remain unvested as of year-end |  |  | $4,049,339 |  |  | $827,995 |
| Increase/(Deduction) for change in fair value from 12/31/2020 to 12/31/2021 of awards granted in 2020 that were outstanding and unvested as of 12/31/2021 |  |  | ($219,388) |  |  | ($40,488) |
| Increase/(Deduction) for change in fair value from 12/31/2020 to vesting date of awards granted in 2019 that vested during 2021 |  |  | $87,209 |  |  | $22,282 |
| (Deduction) for fair value at 12/31/2020 of forfeited performance-based awards granted in 2019 due to failure to meet required performance levels for vesting |  |  | ($222,777) |  |  | ($57,283) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | $844,379 |  |  | $165,004 |
|  |  |  | Year 2020 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid |  |  | PEO |  |  | Average for Non-PEO- NEOs |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table |  |  | ($2,668,552) |  |  | ($585,060) |
| Increase for fair value at 12/31/2020 of awards granted during 2020 that remain unvested as of year-end |  |  | $1,296,984 |  |  | $285,082 |
| Increase/(Deduction) for change in fair value from 12/31/2019 to 12/31/2020 of awards granted in 2019 that were outstanding and unvested as of 12/31/2020 |  |  | ($1,093,613) |  |  | ($280,402) |
| Increase/(Deduction) for change in fair value from 12/31/2019 to vesting date of awards granted in 2018 that vested during 2020 |  |  | ($617,410) |  |  | ($157,956) |
| (Deduction) for fair value at 12/31/2019 of forfeited performance-based awards granted in 2018 due to failure to meet required performance levels for vesting |  |  | ($626,427) |  |  | ($161,073) |
| Total adjustments added to/(subtracted from) Summary Compensation Table Total to determine Compensation Actually Paid |  |  | ($3,709,018) |  |  | ($899,409) |
Compensation Actually Paid vs. Total Shareholder Return | The following graph illustrates the relationship between compensation actually paid (“CAP”) to our NEOs and each of MFA’s total stockholder return (TSR) and (ii) the TSR of the iShares Mortgage Real Estate ETF (Symbol: REM), in each case on a cumulative basis assuming an initial investment of $100 made on December 31, 2020: |  |  |  |
Compensation Actually Paid vs. Net Income | The following graph illustrates the relationship between compensation actually paid (CAP) to our NEOs and MFA’s GAAP net income/(loss) on an annual basis for the years ended December 31, 2020, 2021, 2022, 2023 and 2024: |  |  |  |
Compensation Actually Paid vs. Company Selected Measure | The following graph illustrates the relationship between compensation actually paid (CAP) to our NEOs and Adjusted Distributable Earnings ROAE for the years ended December 31, 2020, 2021, 2022, 2023 and 2024: |  |  |  |
Total Shareholder Return Vs Peer Group | The following graph illustrates the relationship between compensation actually paid (“CAP”) to our NEOs and each of MFA’s total stockholder return (TSR) and (ii) the TSR of the iShares Mortgage Real Estate ETF (Symbol: REM), in each case on a cumulative basis assuming an initial investment of $100 made on December 31, 2020: |  |  |  |
Tabular List, Table | 2024 Most Important Financial Measures MFA’s current compensation program is structured with the objective of linking the compensation of our NEOs to achievement of short- and long-term financial and market-based goals. In 2024, incentive compensation served as a material element of each NEO’s compensation package and serves to further align compensation to Company performance. In addition, a significant percentage of our NEOs’ compensation is in the form of equity awards that “cliff” vest after three years, and with respect to grants of awards made to our NEOs in 2024, the vesting of 60% of these awards (as determined by grant date value) is subject to our total stockholder return (both on an absolute basis and as compared to a group of peer companies) for the three-year period ending December 31, 2026. The most important financial performance measures utilized by the Compensation Committee to link compensation paid to our NEOs to MFA’s performance for 2024 were:
• | Adjusted Distributable Earnings ROAE
• | Adjusted GAAP ROAE
• | Absolute TSR
• | Relative TSR
Total Shareholder Return Amount | $ 56.74 | 55.42 | 42.43 | 67.39 | 52.8
Peer Group Total Shareholder Return Amount | 75.94 | 76.61 | 66.88 | 92.17 | 79.34
Net Income (Loss) | $ 119,251,000 | $ 80,164,000 | $ (231,581,000) | $ 328,870,000 | $ (679,390,000)
Company Selected Measure Amount | 0.1176 | 0.1198 | 0.1103 | 0.1046 | (0.0072)
PEO Name | Craig L. Knutson | Craig L. Knutson | Craig L. Knutson | Craig L. Knutson | Craig L. Knutson
Measure:: 1 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Adjusted Distributable Earnings ROAE |  |  |  |
Non-GAAP Measure Description |
6. | The Company has designated “Adjusted Distributable Earnings ROAE” as its Company Selected Measure, as this measure (as well as, “Adjusted GAAP ROAE”) is the most important measure identified below under “2024 Most Important Financial Measures,” which, in the Company’s assessment, represents for 2024 the most important performance measure used to link compensation actually paid to our PEO and other NEOs to the Company’s performance. Adjusted Distributable Earnings ROAE is defined on page 40 of this Proxy Statement and is a non-GAAP financial measure. Per SEC rules, the percentage shown is for the applicable calendar year. See Appendix D for a reconciliation of such measure to its comparable GAAP measure for the 2024 calendar year.
Measure:: 2 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Adjusted GAAP ROAE |  |  |  |
Measure:: 3 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Absolute TSR |  |  |  |
Measure:: 4 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Relative TSR |  |  |  |
PEO |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | $ (524,262) | $ 1,894,734 | $ (4,954,020) | $ 844,379 | $ (3,709,018)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (4,000,017) | (4,000,015) | (3,200,032) | (2,850,004) | (2,668,552)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 3,741,480 | 5,551,780 | 1,244,743 | 4,049,339 | 1,296,984
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (61,568) | 249,366 | (2,318,936) | (219,388) | (1,093,613)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (86,669) | 384,236 | (304,753) | 87,209 | (617,410)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (117,488) | (290,633) | (375,042) | (222,777) | (626,427)
Non-PEO NEO |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (634,313) | 272,024 | (1,039,578) | 165,004 | (899,409)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (1,025,016) | (990,014) | (687,519) | (587,502) | (585,060)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 702,490 | 1,256,102 | 267,430 | 827,995 | 285,082
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (15,161) | 50,653 | (469,731) | (40,488) | (280,402)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (15,303) | 72,102 | (73,879) | 22,282 | (157,956)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | $ (281,323) | $ (116,819) | $ (75,879) | $ (57,283) | $ (161,073)

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_AdjToCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_AdjToNonPeoNeoCompFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_AdjToPeoCompFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph vi + Details
Name: | ecd_CoSelectedMeasureAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph vi + Details
Name: | ecd_CoSelectedMeasureName
Namespace Prefix: | ecd_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph iii + Details
Name: | ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph ii + Details
Name: | ecd_CompActuallyPaidVsNetIncomeTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph i + Details
Name: | ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph vi + Details
Name: | ecd_MeasureName
Namespace Prefix: | ecd_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_NamedExecutiveOfficersFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph vi + Details
Name: | ecd_NonGaapMeasureDescriptionTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iii + Details
Name: | ecd_NonPeoNeoAvgCompActuallyPaidAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph ii + Details
Name: | ecd_NonPeoNeoAvgTotalCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iv + Details
Name: | ecd_PeerGroupIssuersFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iv + Details
Name: | ecd_PeerGroupTotalShareholderRtnAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iii + Details
Name: | ecd_PeoActuallyPaidCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_PeoName
Namespace Prefix: | ecd_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph ii + Details
Name: | ecd_PeoTotalCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 1 + Details
Name: | ecd_PvpTable
Namespace Prefix: | ecd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 1 + Details
Name: | ecd_PvpTableTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 6 + Details
Name: | ecd_TabularListTableTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iv + Details
Name: | ecd_TotalShareholderRtnAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph iv + Details
Name: | ecd_TotalShareholderRtnVsPeerGroupTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | ecd_MeasureAxis=1
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_MeasureAxis=2
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_MeasureAxis=3
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_MeasureAxis=4
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_ExecutiveCategoryAxis=ecd_PeoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_ExecutiveCategoryAxis=ecd_NonPeoNeoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |