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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) (Tables) | 12 Months Ended
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Dec. 31, 2024
Variable Interest Entity, Measure of Activity [Abstract] |
Schedule of Variable Interest Entities | Multi-family loans consist of the following as of December 31, 2024 and 2023, respectively (dollar amounts in thousands):
| December 31, 2024 |  | December 31, 2023
Investment amount | $ | 90,485 |  |  | $ | 95,434 |
Unrealized (losses) gains | (4,293) |  |  | 358 |
Total, at Fair Value | $ | 86,192 |  |  | $ | 95,792 |
The geographic concentrations of credit risk exceeding 5% of the total multi-family loan investment amounts as of December 31, 2024 and 2023, respectively, are as follows:
| December 31, 2024 |  | December 31, 2023
Texas | 36.1 | % |  | 32.6 | %
Tennessee | 14.4 | % |  | 15.2 | %
Florida | 11.6 | % |  | 10.5 | %
Arkansas | 10.3 | % |  | 9.5 | %
Louisiana | 8.8 | % |  | 7.5 | %
North Carolina | 6.2 | % |  | 5.8 | %
Indiana | 5.6 | % |  | 5.3 | %
During the year ended December 31, 2024, the Company invested in a subordinated security issued by a Freddie Mac-sponsored residential loan securitization, resulting in the initial consolidation of the VIE as shown below (dollar amounts in thousands):
Residential loans, at fair value |  | $ | 285,057 |  |
Collateralized debt obligations, at fair value |  | (275,200) |  |
Net investment |  | $ | 9,857 |  |
The following tables present condensed statements of operations for non-Company-sponsored VIEs for the years ended December 31, 2024, 2023 and 2022, respectively (dollar amounts in thousands). The following tables include net (loss) income from assets and liabilities of disposal group held for sale and intercompany balances have been eliminated for purposes of this presentation.
|  | Year Ended December 31,
|  | 2024 |  |
|  | Consolidated SLST |  | Consolidated Real Estate |  | Total |  |  |  |  |  |  |  |
Interest income |  | $ | 39,194 |  |  | $ | — |  |  | $ | 39,194 |  |  |  |  |  |  |  |  |
Interest expense |  | 26,491 |  |  | — |  |  | 26,491 |  |  |  |  |  |  |  |  |
Total net interest income |  | 12,703 |  |  | — |  |  | 12,703 |  |  |  |  |  |  |  |  |
Income from real estate |  | — |  |  | 121,463 |  |  | 121,463 |  |  |  |  |  |  |  |  |
Expenses related to real estate |  | — |  |  | 163,762 |  |  | 163,762 |  |  |  |  |  |  |  |  |
Total net loss from real estate |  | — |  |  | (42,299) |  |  | (42,299) |  |  |  |  |  |  |  |  |
Unrealized gains, net |  | 2,902 |  |  | — |  |  | 2,902 |  |  |  |  |  |  |  |  |
Gains on derivative instruments, net |  | — |  |  | 2,788 |  |  | 2,788 |  |  |  |  |  |  |  |  |
Impairment of real estate |  | — |  |  | (43,959) |  |  | (43,959) |  |  |  |  |  |  |  |  |
Loss on reclassification of disposal group |  | — |  |  | (14,636) |  |  | (14,636) |  |  |  |  |  |  |  |  |
Other income |  | — |  |  | 26,031 |  |  | 26,031 |  |  |  |  |  |  |  |  |
Total other income (loss) |  | 2,902 |  |  | (29,776) |  |  | (26,874) |  |  |  |  |  |  |  |  |
Net income (loss) |  | 15,605 |  |  | (72,075) |  |  | (56,470) |  |  |  |  |  |  |  |  |
Net loss attributable to non-controlling interest in Consolidated VIEs |  | — |  |  | 31,924 |  |  | 31,924 |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Company |  | $ | 15,605 |  |  | $ | (40,151) |  |  | $ | (24,546) |  |  |  |  |  |  |  |  |
|  | Year Ended December 31, |  |  |  |  |  |  |  |
|  | 2023 |  |  |  |  |  |  |  |
|  | Consolidated SLST |  | Consolidated Real Estate |  | Total |  |  |  |  |  |  |  |
Interest income |  | $ | 34,061 |  |  | $ | — |  |  | $ | 34,061 |  |  |  |  |  |  |  |  |
Interest expense |  | 24,506 |  |  | — |  |  | 24,506 |  |  |  |  |  |  |  |  |
Total net interest income |  | 9,555 |  |  | — |  |  | 9,555 |  |  |  |  |  |  |  |  |
Income from real estate |  | — |  |  | 160,407 |  |  | 160,407 |  |  |  |  |  |  |  |  |
Expenses related to real estate |  | — |  |  | 192,018 |  |  | 192,018 |  |  |  |  |  |  |  |  |
Total net loss from real estate |  | — |  |  | (31,611) |  |  | (31,611) |  |  |  |  |  |  |  |  |
Unrealized losses, net |  | (10,016) |  |  | — |  |  | (10,016) |  |  |  |  |  |  |  |  |
Gains on derivative instruments, net |  | — |  |  | 4,837 |  |  | 4,837 |  |  |  |  |  |  |  |  |
Impairment of real estate |  | — |  |  | (89,548) |  |  | (89,548) |  |  |  |  |  |  |  |  |
Loss on reclassification of disposal group |  | — |  |  | (16,163) |  |  | (16,163) |  |  |  |  |  |  |  |  |
Other income |  | — |  |  | 2,728 |  |  | 2,728 |  |  |  |  |  |  |  |  |
Total other loss |  | (10,016) |  |  | (98,146) |  |  | (108,162) |  |  |  |  |  |  |  |  |
Net loss |  | (461) |  |  | (129,757) |  |  | (130,218) |  |  |  |  |  |  |  |  |
Net loss attributable to non-controlling interest in Consolidated VIEs |  | — |  |  | 29,134 |  |  | 29,134 |  |  |  |  |  |  |  |  |
Net loss attributable to Company |  | $ | (461) |  |  | $ | (100,623) |  |  | $ | (101,084) |  |  |  |  |  |  |  |  |
|  | Year Ended December 31,
|  | 2022
|  | Consolidated SLST |  | Consolidated Real Estate |  | Total
Interest income |  | $ | 36,448 |  |  | $ | — |  |  | $ | 36,448 |
Interest expense |  | 25,145 |  |  | — |  |  | 25,145 |
Total net interest income |  | 11,303 |  |  | — |  |  | 11,303 |
Income from real estate |  | — |  |  | 134,722 |  |  | 134,722 |
Expenses related to real estate |  | — |  |  | 245,650 |  |  | 245,650 |
Total net loss from real estate |  | — |  |  | (110,928) |  |  | (110,928) |
Unrealized losses, net |  | (32,403) |  |  | — |  |  | (32,403) |
Gains on derivative instruments, net |  | — |  |  | 27,230 |  |  | 27,230 |
Impairment of real estate |  | — |  |  | (2,449) |  |  | (2,449) |
Other income |  | — |  |  | 16,308 |  |  | 16,308 |
Total other (loss) income |  | (32,403) |  |  | 41,089 |  |  | 8,686 |
Net loss |  | (21,100) |  |  | (69,839) |  |  | (90,939) |
Net loss attributable to non-controlling interest in Consolidated VIEs |  | — |  |  | 42,044 |  |  | 42,044 |
Net loss attributable to Company |  | $ | (21,100) |  |  | $ | (27,795) |  |  | $ | (48,895) |
Schedule of Assets and Liabilities of Consolidated VIEs | The following table summarizes the aggregate estimated fair value of the assets, liabilities and non-controlling interests associated with the initial consolidation of Consolidated Real Estate VIEs and real estate acquisitions by a Consolidated Real Estate VIE during the years ended December 31, 2023 and 2022, respectively. There were no initial consolidation of Consolidated Real Estate VIEs or real estate acquisitions by a Consolidated VIE during the year ended December 31, 2024 (dollar amounts in thousands):
|  |  |  |  |  | Years Ended December 31,
|  |  |  |  |  |  |  | 2023 |  | 2022
Cash (1) |  |  |  |  |  |  |  | $ | 102 |  |  | $ | 8,576 |
Operating real estate (1) (2) |  |  |  |  |  |  |  | 54,439 |  |  | 730,988 |
Lease intangibles (1) (3) |  |  |  |  |  |  |  | 2,378 |  |  | 41,892 |
Other assets (1) |  |  |  |  |  |  |  | 4,722 |  |  | 8,258 |
Total assets |  |  |  |  |  |  |  | 61,641 |  |  | 789,714 |
Mortgages payable on real estate, net (1) |  |  |  |  |  |  |  | 45,142 |  |  | 570,682 |
Other liabilities (1) |  |  |  |  |  |  |  | 2,403 |  |  | 4,662 |
Total liabilities |  |  |  |  |  |  |  | 47,545 |  |  | 575,344 |
Non-controlling interests (4) |  |  |  |  |  |  |  | 3,790 |  |  | 16,293 |
Net assets consolidated |  |  |  |  |  |  |  | $ | 10,306 |  |  | $ | 198,077 |
(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 assets and liabilities related to certain joint venture equity investments in multi-family properties is included in assets and liabilities of disposal group held for sale on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. 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 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 securitizations, Consolidated SLST and Consolidated Real Estate VIEs of as of December 31, 2024 (dollar amounts in thousands). Intercompany balances have been eliminated for purposes of this presentation:
|  |  |  |  | Other VIEs |  |
| Financing VIEs |  |  |  | Consolidated SLST |  | Consolidated Real Estate |  | Total
Cash and cash equivalents | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 4,151 |  |  | $ | 4,151 |
Residential loans, at fair value | 2,243,800 |  |  |  |  |  |  | 965,672 |  |  | — |  |  | 3,209,472 |
Real estate, net held in Consolidated VIEs (1) | — |  |  |  |  |  |  | — |  |  | 481,161 |  |  | 481,161 |
Assets of disposal group held for sale (2) | — |  |  |  |  |  |  | — |  |  | 118,613 |  |  | 118,613 |
Other assets | 154,426 |  |  |  |  |  |  | 4,065 |  |  | 16,696 |  |  | 175,187 |
Total assets | $ | 2,398,226 |  |  |  |  |  |  | $ | 969,737 |  |  | $ | 620,621 |  |  | $ | 3,988,584 |
Collateralized debt obligations ($2,135,680 at fair value, and $842,764 at amortized cost, net) | $ | 2,166,853 |  |  |  |  |  |  | $ | 811,591 |  |  | $ | — |  |  | $ | 2,978,444 |
Mortgages payable on real estate, net in Consolidated VIEs (3) | — |  |  |  |  |  |  | — |  |  | 366,606 |  |  | 366,606 |
Liabilities of disposal group held for sale (2) | — |  |  |  |  |  |  | — |  |  | 97,065 |  |  | 97,065 |
Other liabilities | 16,162 |  |  |  |  |  |  | 8,313 |  |  | 10,621 |  |  | 35,096 |
Total liabilities | $ | 2,183,015 |  |  |  |  |  |  | $ | 819,904 |  |  | $ | 474,292 |  |  | $ | 3,477,211 |
Redeemable non-controlling interest in Consolidated VIEs (4) | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 12,359 |  |  | $ | 12,359 |
Non-controlling interest in Consolidated VIEs (5) | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 3,930 |  |  | $ | 3,930 |
Net investment (6) | $ | 215,211 |  |  |  |  |  |  | $ | 149,833 |  |  | $ | 130,040 |  |  | $ | 495,084 |
(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 the carrying value of 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 securitizations, Consolidated SLST and Consolidated Real Estate VIEs as of December 31, 2023 (dollar amounts in thousands). Intercompany balances have been eliminated for purposes of this presentation:
|  |  |  |  | Other VIEs |  |
| Financing VIEs |  |  |  | Consolidated SLST |  | Consolidated Real Estate |  | Total
Cash and cash equivalents | $ | — |  |  |  |  | $ | — |  |  | $ | 15,612 |  |  | $ | 15,612 |
Residential loans, at fair value | 1,501,908 |  |  |  |  | 754,860 |  |  | — |  |  | 2,256,768 |
Real estate, net held in Consolidated VIEs (1) | — |  |  |  |  | — |  |  | 979,934 |  |  | 979,934 |
Assets of disposal group held for sale (2) | — |  |  |  |  | — |  |  | 426,017 |  |  | 426,017 |
Other assets | 98,451 |  |  |  |  | 2,960 |  |  | 37,035 |  |  | 138,446 |
Total assets | $ | 1,600,359 |  |  |  |  | $ | 757,820 |  |  | $ | 1,458,598 |  |  | $ | 3,816,777 |
Collateralized debt obligations ($593,737 at fair value, and $1,276,780 at amortized cost, net) | $ | 1,276,780 |  |  |  |  | $ | 593,737 |  |  | $ | — |  |  | $ | 1,870,517 |
Mortgages payable on real estate, net in Consolidated VIEs (3) | — |  |  |  |  | — |  |  | 784,421 |  |  | 784,421 |
Liabilities of disposal group held for sale (2) | — |  |  |  |  | — |  |  | 386,024 |  |  | 386,024 |
Other liabilities | 8,421 |  |  |  |  | 5,638 |  |  | 21,797 |  |  | 35,856 |
Total liabilities | $ | 1,285,201 |  |  |  |  | $ | 599,375 |  |  | $ | 1,192,242 |  |  | $ | 3,076,818 |
Redeemable non-controlling interest in Consolidated VIEs (4) | $ | — |  |  |  |  | $ | — |  |  | $ | 28,061 |  |  | $ | 28,061 |
Non-controlling interest in Consolidated VIEs (5) | $ | — |  |  |  |  | $ | — |  |  | $ | 20,328 |  |  | $ | 20,328 |
Net investment (6) | $ | 315,158 |  |  |  |  | $ | 158,445 |  |  | $ | 217,967 |  |  | $ | 691,570 |
(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 the carrying value of 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, 2024 and 2023, respectively (dollar amounts in thousands):
|  |  | December 31, 2024 |  | December 31, 2023
| Fair Value Hierarchy Level |  | Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | Level 1 |  | $ | 167,422 |  |  | $ | 167,422 |  |  | $ | 187,107 |  |  | $ | 187,107 |
Residential loans | Level 3 |  | 3,841,738 |  |  | 3,841,738 |  |  | 3,084,303 |  |  | 3,084,303 |
Investment securities available for sale | Level 2 |  | 3,828,544 |  |  | 3,828,544 |  |  | 2,013,817 |  |  | 2,013,817 |
Multi-family loans | Level 3 |  | 86,192 |  |  | 86,192 |  |  | 95,792 |  |  | 95,792 |
Equity investments | Level 3 |  | 113,492 |  |  | 113,492 |  |  | 147,116 |  |  | 147,116 |
Derivative assets | Level 2 |  | 56 |  |  | 56 |  |  | 6,510 |  |  | 6,510 |
Derivative assets in disposal group held for sale | Level 2 |  | 67 |  |  | 67 |  |  | 2,960 |  |  | 2,960 |
Mortgage servicing rights | Level 3 |  | 21,003 |  |  | 21,003 |  |  | — |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Repurchase agreements | Level 2 |  | 4,012,225 |  |  | 4,012,225 |  |  | 2,471,113 |  |  | 2,471,113 |
Collateralized debt obligations: |  |  |  |  |  |  |  |  |
Residential loan securitizations at amortized cost, net | Level 3 |  | 842,764 |  |  | 818,482 |  |  | 1,276,780 |  |  | 1,237,531 |
Residential loan securitizations at fair value | Level 2 |  | 1,253,332 |  |  | 1,253,332 |  |  | — |  |  | — |
Consolidated SLST | Level 3 |  | 811,591 |  |  | 811,591 |  |  | 593,737 |  |  | 593,737 |
Non-Agency RMBS re-securitization | Level 2 |  | 70,757 |  |  | 70,757 |  |  | — |  |  | — |
Subordinated debentures | Level 3 |  | 45,000 |  |  | 38,918 |  |  | 45,000 |  |  | 32,137 |
Senior unsecured notes: |  |  |  |  |  |  |  |  |
Senior unsecured notes at amortized cost, net | Level 2 |  | 98,886 |  |  | 98,632 |  |  | 98,111 |  |  | 94,952 |
Senior unsecured notes at fair value | Level 2 |  | 60,310 |  |  | 60,310 |  |  | — |  |  | — |
Mortgages payable on real estate | Level 3 |  | 366,606 |  |  | 347,915 |  |  | 784,421 |  |  | 761,194 |
Mortgages payable on real estate in disposal group held for sale | Level 3 |  | 93,370 |  |  | 93,370 |  |  | 378,386 |  |  | 377,735 |
Schedule of Redeemable Noncontrolling Interest in Consolidated VIEs | The following table presents activity in redeemable non-controlling interest in Consolidated VIEs for the years ended December 31, 2024, 2023 and 2022, respectively (dollar amounts in thousands):
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Beginning balance |  | $ | 28,061 |  |  | $ | 63,803 |  |  | $ | 66,392 |
Contributions |  | 46 |  |  | 6 |  |  | 462 |
Distributions |  | (8,809) |  |  | (4,021) |  |  | (7,083) |
Net loss attributable to redeemable non-controlling interest in Consolidated VIEs |  | (16,926) |  |  | (17,067) |  |  | (38,190) |
Adjustment of redeemable non-controlling interest to estimated redemption value (1) |  | 10,613 |  |  | (14,175) |  |  | 44,237 |
Redemption of redeemable non-controlling interest |  | (626) |  |  | (485) |  |  | (2,015) |
Ending balance |  | $ | 12,359 |  |  | $ | 28,061 |  |  | $ | 63,803 |
(1)The Company determines the fair value of the redeemable non-controlling interest utilizing market assumptions and discounted cash flows. The Company applies a discount rate to the estimated future cash flows from the multi-family apartment properties held by the applicable Consolidated VIEs that are allocatable to the redeemable non-controlling interest. This fair value measurement is generally based on unobservable inputs and, as such, is classified as Level 3 in the fair value hierarchy. Significant unobservable inputs utilized in the estimation of fair value of redeemable non-controlling interest as of December 31, 2024 include a weighted average capitalization rate of 5.6% (ranges from 5.0% to 6.3%) and a weighted average discount rate of 14.8% (ranges from 13.9% to 15.6%).
Schedule of Classification and Carrying Value of Unconsolidated VIEs | The following tables present the classification and carrying value of unconsolidated VIEs as of December 31, 2024 and 2023, respectively (dollar amounts in thousands):
| December 31, 2024
| Multi-family loans |  | Investment securities available for sale, at fair value |  | Equity investments |  | Other assets |  | Total
Non-Agency RMBS | $ | — |  |  | $ | 22,892 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,892 |
Preferred equity investments in multi-family properties | 86,192 |  |  | — |  |  | 73,436 |  |  | — |  |  | 159,628 |
Joint venture equity investments in multi-family properties | — |  |  | — |  |  | 1,338 |  |  | — |  |  | 1,338 |
Other investments | — |  |  | — |  |  | — |  |  | 2,000 |  |  | 2,000 |
Maximum exposure | $ | 86,192 |  |  | $ | 22,892 |  |  | $ | 74,774 |  |  | $ | 2,000 |  |  | $ | 185,858 |
| December 31, 2023
| Multi-family loans |  | Investment securities available for sale, at fair value |  | Equity investments |  |  |  | Total
Non-Agency RMBS | $ | — |  |  | $ | 24,462 |  |  | $ | — |  |  |  |  | $ | 24,462 |
Preferred equity investments in multi-family properties | 95,792 |  |  | — |  |  | 104,242 |  |  |  |  | 200,034 |
Joint venture equity investments in multi-family properties | — |  |  | — |  |  | 5,720 |  |  |  |  | 5,720 |
Maximum exposure | $ | 95,792 |  |  | $ | 24,462 |  |  | $ | 109,962 |  |  |  |  | $ | 230,216 |

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-6 + Details
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