XML 61 R47.htm IDEA: XBRL DOCUMENT v3.22.4

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s financial instruments measured at fair value on a recurring basis as of December 31, 2022 and 2021, respectively, on the Company’s consolidated balance sheets (dollar amounts in thousands):

			Measured at Fair Value on a Recurring Basis at
			December 31, 2022																								December 31, 2021
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Assets carried at fair value
Residential loans:
Residential loans			$	—					$	—					$	1,081,384					$	1,081,384					$	—					$	—					$	1,703,290					$	1,703,290
Consolidated SLST			—						—						827,582						827,582						—						—						1,070,882						1,070,882
Residential loans held in securitization trusts			—						—						1,616,114						1,616,114						—						—						801,429						801,429
Multi-family loans			—						—						87,534						87,534						—						—						120,021						120,021
Investment securities available for sale:
Non-Agency RMBS			—						68,570						—						68,570						—						128,019						—						128,019
CMBS			—						30,133						—						30,133						—						33,146						—						33,146
ABS			—						856						—						856						—						39,679						—						39,679
Equity investments (1)			—						—						179,746						179,746						—						—						239,631						239,631
Derivative assets:
Interest rate caps (1) (2)			—						2,473						—						2,473						—						—						—						—
Assets of disposal group held for sale (3)			—						29,418						9,010						38,428						—						—						—						—
Total			$	—					$	131,450					$	3,801,370					$	3,932,820					$	—					$	200,844					$	3,935,253					$	4,136,097
Liabilities carried at fair value
Consolidated SLST CDOs			$	—					$	—					$	634,495					$	634,495					$	—					$	—					$	839,419					$	839,419
Total			$	—					$	—					$	634,495					$	634,495					$	—					$	—					$	839,419					$	839,419

(1)Excludes assets of disposal group held for sale (see Note 9).

(2)Included in other assets in the consolidated balance sheets.

(3)Includes derivative assets classified as Level 2 instruments in the amount of $29.4 million and equity investments classified as Level 3 instruments in the amount of $9.0 million as of December 31, 2022.

Schedule of Changes in Level 3 Assets

The following tables detail changes in valuation for the Level 3 assets for the years ended December 31, 2022, 2021, and 2020, respectively (dollar amounts in thousands):

Level 3 Assets:

			Year Ended December 31, 2022
			Residential loans
			Residential loans						Consolidated SLST						Residential loans held in securitization trusts						Multi-family loans						Equity investments						Equity investments in disposal group held for sale						Total
Balance at beginning of period			$	1,703,290					$	1,070,882					$	801,429					$	120,021					$	239,631					$	—					$	3,935,253
Total (losses)/gains (realized/unrealized)
Included in earnings			(111,879)						(128,236)						(162,518)						9,531						18,884						(926)						(375,144)
Transfers out (1)			(17,052)						—						(1,806)						—						—						—						(18,858)
Transfer to securitization trust, net (2)			(1,422,577)						—						1,422,577						—						—						—						—
Transfer to disposal group held for sale			—						—						—						—						(9,936)						9,936						—
Funding/Contributions			—						—						—						—						28,086						—						28,086
Paydowns/Distributions			(712,214)						(115,064)						(535,017)						(42,018)						(96,919)						—						(1,501,232)
Purchases			1,641,816						—						91,449						—						—						—						1,733,265
Balance at the end of period			$	1,081,384					$	827,582					$	1,616,114					$	87,534					$	179,746					$	9,010					$	3,801,370

(1)Transfers out of Level 3 assets represents the transfer of residential loans to real estate owned.

(2)During the year ended December 31, 2022, the Company completed four securitizations of certain performing, re-performing and business purpose loans (see Note 7 for further discussion of the Company's residential loan securitizations).

			Year Ended December 31, 2021
			Residential loans
			Residential loans						Consolidated SLST						Residential loans held in securitization trusts						Multi-family loans						Equity investments						Total
Balance at beginning of period			$	1,090,930					$	1,266,785					$	691,451					$	163,593					$	259,095					$	3,471,854
Total gains/(losses) (realized/unrealized)
Included in earnings			36,844						(35,953)						43,001						18,795						36,729						99,416
Transfers out (1)			(2,080)						—						(2,053)						—						—						(4,133)
Transfer to securitization trust, net (2)			(305,433)						—						305,433						—						—						—
Funding/Contributions			—						—						—						37,678						107,465						145,143
Paydowns/Distributions			(618,790)						(159,950)						(239,436)						(100,045)						(163,658)						(1,281,879)
Sales			(74,751)						—						(2,376)						—						—						(77,127)
Purchases			1,576,570						—						5,409						—						—						1,581,979
Balance at the end of period			$	1,703,290					$	1,070,882					$	801,429					$	120,021					$	239,631					$	3,935,253

(1)Transfers out of Level 3 assets represents the transfer of residential loans to real estate owned.

(2)In May 2021, the Company completed a securitization of certain business purpose loans. In August 2021, the Company redeemed a residential loan securitization and completed a new residential loan securitization of certain performing, re-performing and non-performing residential loans (see Note 7 for further discussion of the Company's residential loan securitizations).

			Year Ended December 31, 2020
			Residential loans																		Multi-family loans
			Residential loans						Consolidated SLST						Residential loans held in securitization trusts						Preferred equity and mezzanine loan investments						Consolidated K-Series						Equity investments						Total
Balance at beginning of period			$	1,429,754					$	1,328,886					$	—					$	—					$	17,816,746					$	83,882					$	20,659,268
Total (losses)/gains (realized/unrealized)
Included in earnings			(9,240)						27,898						31,402						20,454						41,795						26,670						138,979
Transfers in (1)			164,279						—						46,572						182,465						—						107,477						500,793
Transfers out (2) (3)			(6,017)						—						(2,492)						(8,719)						(237,297)						—						(254,525)
Transfer to securitization trust (4)			(651,911)						—						651,911						—						—						—						—
Funding/Contributions			—						—						—						14,164						—						66,336						80,500
Paydowns/Distributions			(308,600)						(89,999)						(35,942)						(44,771)						(239,796)						(25,270)						(744,378)
Recovery of charge-off			—						—						—						—						35						—						35
Sales (3)			(96,892)						—						—						—						(17,381,483)						—						(17,478,375)
Purchases			569,557						—						—						—						—						—						569,557
Balance at the end of period			$	1,090,930					$	1,266,785					$	691,451					$	163,593					$	—					$	259,095					$	3,471,854

(1)As of January 1, 2020, the Company elected to account for all residential loans, residential loans held in securitization trusts, equity investments and preferred equity and mezzanine loan investments using the fair value option (see Note 2).

(2)Transfers out of Level 3 assets include the transfer of residential loans to real estate owned and the consolidation of a preferred equity investment into the Company's consolidated financial statements (see Note 7).

(3)During the year ended December 31, 2020, the Company sold first loss PO securities included in the Consolidated K-Series and, as a result, de-consolidated the multi-family loans held in the Consolidated K-Series and transferred its remaining securities owned in the Consolidated K-Series to investment securities available for sale (see Note 7).

(4)During the year ended December 31, 2020, the Company completed two securitizations of certain performing, re-performing and non-performing residential loans (see Note 7 for further discussion of the Company's residential loan securitizations).

Schedule of Changes in Level 3 Liabilities

The following tables detail changes in valuation for the Level 3 liabilities for the years ended December 31, 2022, 2021 and 2020, respectively (dollar amounts in thousands):

Level 3 Liabilities:

									Year Ended December 31, 2022
									Consolidated SLST CDOs
Balance at beginning of period									$	839,419
Total gains (realized/unrealized)
Included in earnings									(90,077)
Paydowns									(114,847)
Balance at the end of period									$	634,495

									Year Ended December 31, 2021
									Consolidated SLST CDOs
Balance at beginning of period									$	1,054,335
Total gains (realized/unrealized)
Included in earnings									(54,154)
Paydowns									(160,762)
Balance at the end of period									$	839,419

			Year Ended December 31, 2020
			Collateralized debt obligations
			Consolidated K-Series						Consolidated SLST						Total
Balance at beginning of period			$	16,724,451					$	1,052,829					$	17,777,280
Total losses (realized/unrealized)
Included in earnings			35,018						68,764						103,782
Paydowns			(147,376)						(89,484)						(236,860)
Sales (1)			(16,612,093)						22,226						(16,589,867)
Balance at the end of period			$	—					$	1,054,335					$	1,054,335

(1)During the year ended December 31, 2020, the Company sold first loss PO securities included in the Consolidated K-Series, and, as a result, de-consolidated the Consolidated K-Series CDOs (see Note 7). Also includes the Company's net sales of senior securities issued by Consolidated SLST for the year ended December 31, 2020 (see Note 7).

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following table discloses quantitative information regarding the significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value (dollar amounts in thousands, except input values):

December 31, 2022						Fair Value						Valuation Technique						Unobservable Input						Weighted Average						Range
Assets
Residential loans:
Residential loans and residential loans held in securitization trusts (1)						$2,578,229						Discounted cash flow						Lifetime CPR						4.4%						—			-			45.3%
																		Lifetime CDR						0.5%						—			-			23.8%
																		Loss severity						7.4%						—			-			96.5%
																		Yield						8.2%						6.1%			-			88.4%
						$119,269						Liquidation model						Annual home price appreciation/(depreciation)						0.1%						(4.8)%			-			11.8%
																		Liquidation timeline (months)						23						9			-			50
																		Property value						$1,591,892						$15,300			-			$13,800,000
																		Yield						7.7%						7.5%			-			28.5%
Consolidated SLST (3)						$827,582												Liability price						N/A
Total						$3,525,080
Multi-family loans (1)						$87,534						Discounted cash flow						Discount rate						12.4%						11.0%			-			20.5%
																		Months to assumed redemption						36						9			-			54
																		Loss severity						—
Equity investments (1) (2)						$152,246						Discounted cash flow						Discount rate						13.5%						13.0%			-			15.5%
																		Months to assumed redemption						21						2			-			34
																		Loss severity						—
Equity investments in disposal group held for sale (2)						$9,010						Discounted cash flow						Discount rate						16.0%						16.0%			-			16.0%
																		Months to assumed redemption						23						23			-			23
																		Loss severity						—
Liabilities
Consolidated SLST CDOs (3) (4)						$634,495						Discounted cash flow						Yield						5.3%						4.7%			-			7.8%
																		Collateral prepayment rate						5.7%						2.5%			-			6.6%
																		Collateral default rate						1.6%						—			-			11.5%
																		Loss severity						17.1%						—			-			19.8%

(1)Weighted average amounts are calculated based on the weighted average fair value of the assets.

(2)Equity investments do not include equity ownership interests in an entity that originates residential loans. The fair value of this investment is determined using weighted multiples of origination volume and earnings before taxes, depreciation and amortization of the entity.

(3)In accordance with the practical expedient in ASC 810, the Company determines the fair value of the residential loans held in Consolidated SLST based on the fair value of the CDOs issued by Consolidated SLST, including investment securities we own, as the fair value of these instruments is more observable. At December 31, 2022, the fair value of securities we own in Consolidated SLST amounts to $191.5 million.

(4)Weighted average yield calculated based on the weighted average fair value of the CDOs issued by Consolidated SLST, including investment securities we own. Weighted average collateral prepayment rate, weighted average collateral default rate, and weighted average loss severity are calculated based on the weighted average unpaid balance of the CDOs issued by Consolidated SLST, including investment securities we own.

Schedule of Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings

The following table details the changes in unrealized gains (losses) included in earnings for the years ended December 31, 2022, 2021 and 2020, respectively, for our Level 3 assets and liabilities held as of December 31, 2022, 2021 and 2020, respectively (dollar amounts in thousands):

			For the Years Ended December 31,
			2022						2021						2020
Assets
Residential loans
Residential loans (1)			$	(57,892)					$	31,222					$	16,449
Consolidated SLST (1)			(124,834)						(31,128)						33,479
Residential loans held in securitization trust (1)			(219,647)						35,570						17,785
Multi-family loans (1)			(1,737)						1,924						(682)
Equity investments (2)			(4,338)						3,990						256
Equity investments in disposal group held for sale (2)			(1,430)						—						—
Liabilities
Consolidated SLST CDOs (1)			$	92,431					$	54,960					$	(65,552)

(1)Presented in unrealized gains (losses), net on the Company’s consolidated statements of operations.

(2)Presented in income from equity investments on the Company’s consolidated statements of operations.

Schedule of Fair Value, by Balance Sheet Grouping

The following table summarizes the aggregate estimated fair value of the assets, liabilities and non-controlling interests associated with the initial consolidation of the joint venture entities and real estate acquisitions by a Consolidated VIE during the years ended December 31, 2022, 2021 and 2020, respectively (dollar amounts in thousands):

												Years Ended December 31,
																		2022						2021						2020
Cash (1)																		$	8,576					$	27,907					$	327
Operating real estate (1) (2)																		730,988						926,756						50,481
Lease intangibles (1) (3)																		41,892						51,970						1,619
Other assets (1)																		8,258						32,690						1,395
Total assets																		789,714						1,039,323						53,822
Mortgages payable on real estate, net (1)																		570,682						669,647						36,752
Other liabilities (1)																		4,662						15,914						1,543
Total liabilities																		575,344						685,561						38,295
Redeemable non-controlling interest (4)																		—						67,096						—
Non-controlling interests (5)																		16,293						25,509						6,808
Net assets consolidated																		$	198,077					$	261,157					$	8,719

(1)In September 2022, the Company announced a repositioning of its business through the opportunistic disposition over time of the Company's joint venture equity investments in multi-family properties and reallocation of its capital away from such assets to its targeted assets. Accordingly, the Company determined that certain joint venture equity investments met the criteria to be classified as held for sale and transferred the assets and liabilities of the respective Consolidated VIEs to assets and liabilities of disposal group held for sale in the accompanying consolidated balance sheets as of December 31, 2022. See Note 9 for additional information.

(2)For joint venture equity investments that are not held for sale, operating real estate is included in real estate, net in the accompanying consolidated balance sheets.

(3)For joint venture equity investments that are not held for sale, lease intangibles are included in other assets in the accompanying consolidated balance sheets.

(4)Represents redeemable third-party ownership of membership interests in Consolidated Real Estate VIEs. See Redeemable Non-Controlling Interest in Consolidated VIEs below.

(5)Represents third-party ownership of membership interests in Consolidated Real Estate VIEs.

The following table presents a summary of the assets, liabilities and non-controlling interests of the Company’s residential loan securitizations, Consolidated SLST and Consolidated Real Estate VIEs of as of December 31, 2022 (dollar amounts in thousands). Intercompany balances have been eliminated for purposes of this presentation:

			Financing VIEs												Other VIEs
			Residential Loan Securitizations																		Consolidated SLST						Consolidated Real Estate						Total
Cash and cash equivalents			$	—																	$	—					$	21,129					$	21,129
Residential loans, at fair value			1,616,114																		827,582						—						2,443,696
Real estate, net held in Consolidated VIEs (1)			—																		—						543,739						543,739
Assets of disposal group held for sale (2)			—																		—						1,142,773						1,142,773
Other assets			92,906																		3,168						13,686						109,760
Total assets			$	1,709,020																	$	830,750					$	1,721,327					$	4,261,097
Collateralized debt obligations ($1,468,222 at amortized cost, net and $634,495 at fair value)			$	1,468,222																	$	634,495					$	—					$	2,102,717
Mortgages payable on real estate, net in Consolidated VIEs (3)			—																		—						394,707						394,707
Liabilities of disposal group held for sale (2)			—																		—						883,812						883,812
Other liabilities			8,168																		3,342						10,511						22,021
Total liabilities			$	1,476,390																	$	637,837					$	1,289,030					$	3,403,257
Redeemable non-controlling interest in Consolidated VIEs (4)			$	—																	$	—					$	63,803					$	63,803
Non-controlling interest in Consolidated VIEs (5)			$	—																	$	—					$	32,967					$	32,967
Net investment (6)			$	232,630																	$	192,913					$	335,527					$	761,070

(1)Included in real estate, net in the accompanying consolidated balance sheets.

(2)Represents assets and liabilities, respectively, of certain Consolidated Real Estate VIEs included in disposal group held for sale (see Note 9).

(3)Included in mortgages payable on real estate, net in the accompanying consolidated balance sheets.

(4)Represents redeemable third-party ownership of membership interests in Consolidated Real Estate VIEs. See Redeemable Non-Controlling Interest in Consolidated VIEs below.

(5)Represents third-party ownership of membership interests in Consolidated Real Estate VIEs.

(6)The net investment amount is the maximum amount of the Company's investment that is at risk to loss and represents the difference between total assets and total liabilities held by VIEs, less non-controlling interests, if any.

The following table presents a summary of the assets, liabilities and non-controlling interests of the Company's residential loan securitizations, Consolidated SLST and Consolidated Real Estate VIEs as of December 31, 2021 (dollar amounts in thousands). Intercompany balances have been eliminated for purposes of this presentation:

			Financing VIEs												Other VIEs
			Residential Loan Securitizations												Consolidated SLST						Consolidated Real Estate						Total
Cash and cash equivalents			$	—											$	—					$	29,606					$	29,606
Residential loans, at fair value			801,429												1,070,882						—						1,872,311
Real estate, net held in Consolidated VIEs (1)			—												—						927,725						927,725
Other assets			36,767												3,547						70,557						110,871
Total assets			$	838,196											$	1,074,429					$	1,027,888					$	2,940,513
Collateralized debt obligations ($682,802 at amortized cost, net and $839,419 at fair value)			$	682,802											$	839,419					$	—					$	1,522,221
Mortgages payable on real estate, net in Consolidated VIEs (2)			—												—						672,568						672,568
Other liabilities			20,156												3,193						17,527						40,876
Total liabilities			$	702,958											$	842,612					$	690,095					$	2,235,665
Redeemable non-controlling interest in Consolidated VIEs (3)			$	—											$	—					$	66,392					$	66,392
Non-controlling interest in Consolidated VIEs (4)			$	—											$	—					$	24,359					$	24,359
Net investment (5)			$	135,238											$	231,817					$	247,042					$	614,097

(1)Included in real estate, net in the accompanying consolidated balance sheets.

(2)Included in mortgages payable on real estate, net in the accompanying consolidated balance sheets.

(3)Represents redeemable third-party ownership of membership interests in Consolidated Real Estate VIEs. See Redeemable Non-Controlling Interest in Consolidated VIEs below.

(4)Represents third-party ownership of membership interests in Consolidated Real Estate VIEs.

(5)The net investment amount is the maximum amount of the Company's investment that is at risk to loss and represents the difference between total assets and total liabilities held by VIEs, less non-controlling interests, if any.

The following table presents the carrying value and estimated fair value of the Company’s financial instruments at December 31, 2022 and 2021, respectively (dollar amounts in thousands):

									December 31, 2022												December 31, 2021
			Fair Value Hierarchy Level						Carrying Value						Estimated Fair Value						Carrying Value						Estimated Fair Value
Financial Assets:
Cash and cash equivalents			Level 1						$	244,718					$	244,718					$	289,602					$	289,602
Residential loans			Level 3						3,525,080						3,525,080						3,575,601						3,575,601
Multi-family loans			Level 3						87,534						87,534						120,021						120,021
Investment securities available for sale			Level 2						99,559						99,559						200,844						200,844
Equity investments			Level 3						179,746						179,746						239,631						239,631
Equity investments in disposal group held for sale			Level 3						9,010						9,010						—						—
Derivative assets			Level 2						2,473						2,473						—						—
Derivative assets in disposal group held for sale			Level 2						29,418						29,418						—						—
Financial Liabilities:
Repurchase agreements			Level 2						737,023						737,023						554,259						554,259
Collateralized debt obligations:
Residential loan securitizations at amortized cost, net			Level 3						1,468,222						1,383,715						682,802						686,027
Consolidated SLST			Level 3						634,495						634,495						839,419						839,419
Subordinated debentures			Level 3						45,000						32,721						45,000						44,388
Convertible notes			Level 2						—						—						137,898						138,011
Senior unsecured notes			Level 2						97,384						91,104						96,704						102,215
Mortgages payable on real estate			Level 3						394,707						377,327						709,356						712,112
Mortgages payable on real estate in disposal group held for sale			Level 3						865,414						864,758						—						—

X

- 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ 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)(1)
-URI https://asc.fasb.org/extlink&oid=126976982&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 (d)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

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 (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration