$MAC
MACERICH CO

2024 Q4 Form 10-Q Financial Statement

#000091224224000130 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $220.2M
YoY Change 0.95%
Cost Of Revenue $103.8M
YoY Change 2.2%
Gross Profit $116.4M
YoY Change -0.09%
Gross Profit Margin 52.85%
Selling, General & Admin $6.010M
YoY Change 1.86%
% of Gross Profit 5.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.30M
YoY Change -1.48%
% of Gross Profit 62.98%
Operating Expenses $79.31M
YoY Change 3.4%
Operating Profit $37.08M
YoY Change -6.83%
Interest Expense -$132.0M
YoY Change -17.94%
% of Operating Profit -356.05%
Other Income/Expense, Net
YoY Change
Pretax Income -$111.6M
YoY Change -58.73%
Income Tax $545.0K
% Of Pretax Income
Net Earnings -$108.2M
YoY Change -58.79%
Net Earnings / Revenue -49.13%
Basic Earnings Per Share -$0.50
Diluted Earnings Per Share -$0.50
COMMON SHARES
Basic Shares Outstanding 225.5M shares 216.0M shares
Diluted Shares Outstanding 218.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $116.5M
YoY Change 4.0%
Cash & Equivalents $116.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $133.3M
Other Receivables $0.00
Total Short-Term Assets $249.8M
YoY Change -7.84%
LONG-TERM ASSETS
Property, Plant & Equipment $6.173B
YoY Change 1.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $775.4M
YoY Change -15.59%
Other Assets $392.8M
YoY Change 230.07%
Total Long-Term Assets $7.341B
YoY Change 0.32%
TOTAL ASSETS
Total Short-Term Assets $249.8M
Total Long-Term Assets $7.341B
Total Assets $7.590B
YoY Change 0.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.24M
YoY Change 7.07%
Accrued Expenses $389.2M
YoY Change 15.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $468.4M
YoY Change 13.97%
LONG-TERM LIABILITIES
Long-Term Debt $4.342B
YoY Change -2.05%
Other Long-Term Liabilities $190.7M
YoY Change -22.16%
Total Long-Term Liabilities $4.533B
YoY Change -3.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $468.4M
Total Long-Term Liabilities $4.533B
Total Liabilities $5.079B
YoY Change -0.21%
SHAREHOLDERS EQUITY
Retained Earnings -$3.157B
YoY Change 2.19%
Common Stock $5.669B
YoY Change 2.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.512B
YoY Change
Total Liabilities & Shareholders Equity $7.590B
YoY Change 0.03%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$108.2M
YoY Change -58.79%
Depreciation, Depletion And Amortization $73.30M
YoY Change -1.48%
Cash From Operating Activities $100.0M
YoY Change -6.85%
INVESTING ACTIVITIES
Capital Expenditures $19.28M
YoY Change 43.88%
Acquisitions
YoY Change
Other Investing Activities $85.26M
YoY Change -745.9%
Cash From Investing Activities $65.98M
YoY Change -348.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -117.7M
YoY Change 105.06%
NET CHANGE
Cash From Operating Activities 100.0M
Cash From Investing Activities 65.98M
Cash From Financing Activities -117.7M
Net Change In Cash 48.32M
YoY Change 106.51%
FREE CASH FLOW
Cash From Operating Activities $100.0M
Capital Expenditures $19.28M
Free Cash Flow $80.77M
YoY Change -14.08%

Facts In Submission

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dei Document Period End Date
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dei Entity Registrant Name
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MACERICH CO
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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dei Entity File Number
EntityFileNumber
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dei Entity Address City Or Town
EntityAddressCityOrTown
Santa Monica,
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei City Area Code
CityAreaCode
(310)
dei Local Phone Number
LocalPhoneNumber
394-6000
dei Security12b Title
Security12bTitle
Common Stock, $0.01 Par Value
dei Trading Symbol
TradingSymbol
MAC
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
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Organization:<div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional retail centers and community/power shopping centers (the "Centers") located throughout the United States.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company commenced operations effective with the completion of its initial public offering on March 16, 1994. As of September 30, 2024, the Company was the sole general partner of and held a 96% ownership interest in The Macerich Partnership, L.P. (the "Operating Partnership"). The Company was organized to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code").</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, Macerich Property Management Company, LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Macerich Arizona Partners LLC, a single member Arizona limited liability company, Macerich Arizona Management LLC, a single member Delaware limited liability company, Macerich Partners of Colorado LLC, a single member Colorado limited liability company, MACW Mall Management, Inc., a New York corporation, and MACW Property Management, LLC, a single member New York limited liability company. All seven of the management companies are collectively referred to herein as the "Management Companies."</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All references to the Company in this Quarterly Report on Form 10-Q include the Company, those entities owned or controlled by the Company and predecessors of the Company, unless the context indicates otherwise.</span></div>
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272306000 usd
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OperatingLeaseLeaseIncomeLeasePayments
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OperatingLeaseLeaseIncomeLeasePayments
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OperatingLeaseLeaseIncomeLeasePayments
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CY2024Q3 us-gaap Variable Lease Income
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VariableLeaseIncome
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us-gaap Variable Lease Income
VariableLeaseIncome
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us-gaap Variable Lease Income
VariableLeaseIncome
163033000 usd
CY2024Q3 us-gaap Net Investment In Lease Credit Loss Expense Reversal
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NetInvestmentInLeaseCreditLossExpenseReversal
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us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
4572000 usd
us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
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CY2024Q3 us-gaap Lease Income
LeaseIncome
203448000 usd
CY2023Q3 us-gaap Lease Income
LeaseIncome
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us-gaap Lease Income
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us-gaap Lease Income
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CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
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CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
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CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
331539000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
260793000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
198847000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
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CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2554207000 usd
mac Finance Lease Number Of Leases
FinanceLeaseNumberOfLeases
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CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
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OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2024Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2024Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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FinanceLeaseInterestExpense
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FinanceLeaseInterestExpense
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FinanceLeaseInterestExpense
341000 usd
CY2024Q3 us-gaap Lease Cost
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LeaseCost
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us-gaap Lease Cost
LeaseCost
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LeaseCost
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CY2024Q3 mac Lessee Operating Lease Liability Payments Due In Rolling Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsDueInRollingRemainderOfFiscalYear
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CY2024Q3 mac Finance Lease Liability Payments Due In Rolling Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsDueInRollingRemainderOfFiscalYear
751000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11442000 usd
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FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
11626000 usd
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1744000 usd
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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FinanceLeaseLiabilityPaymentsDueYearTwo
1400000 usd
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FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
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FinanceLeaseLiabilityPaymentsDueYearThree
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CY2024Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
344000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11914000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
8303000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
344000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8303000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2024Q3 mac Lessee Operating Lease Liability Payments Due After Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFour
74831000 usd
CY2024Q3 mac Finance Lease Liability Payments Due In Rolling After Year Four
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFour
1573000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
74831000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
121639000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
5100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
129859000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
10878000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
53014000 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
692000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
56475000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
273000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
68625000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
4408000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
73384000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
10605000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P24Y3M18D
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P2Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P0Y8M12D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.072
CY2024Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.028
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.036
CY2024Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
50116000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
89175000 usd
CY2024Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
86412000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
59478000 usd
CY2024Q3 mac Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
19418000 usd
CY2023Q4 mac Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
16364000 usd
CY2024Q3 mac Finite Lived Intangible Asset Above Market Leases
FiniteLivedIntangibleAssetAboveMarketLeases
56050000 usd
CY2023Q4 mac Finite Lived Intangible Asset Above Market Leases
FiniteLivedIntangibleAssetAboveMarketLeases
66002000 usd
CY2024Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24445000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24024000 usd
CY2024Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
69426000 usd
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
62755000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
64841000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
73576000 usd
CY2024Q3 mac Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
370708000 usd
CY2023Q4 mac Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
391374000 usd
CY2024Q3 mac Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
91428000 usd
CY2023Q4 mac Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
128306000 usd
CY2024Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
279280000 usd
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
263068000 usd
CY2024Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
92968000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
85174000 usd
CY2024Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
38282000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
37490000 usd
CY2024Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
54686000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
47684000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
4342216000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4136136000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
37529000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21782000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21148000 usd
CY2024Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
5834000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
5670000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
16224000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
15364000 usd
CY2024Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
4197716000 usd
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3863997000 usd
CY2023Q4 mac Joint Venture Ownership Percent
JointVentureOwnershipPercent
0.499
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
mac Minority Interest Redemption Value Basis Number Of Trading Days
MinorityInterestRedemptionValueBasisNumberOfTradingDays
P10D
CY2024Q3 mac Minority Interest Redemption Value
MinorityInterestRedemptionValue
172463000 usd
CY2023Q4 mac Minority Interest Redemption Value
MinorityInterestRedemptionValue
158157000 usd
CY2024Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
148624000 usd
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
148624000 usd
CY2017Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
41113000 usd
CY2024Q3 us-gaap Construction Payable Current
ConstructionPayableCurrent
23807000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0428
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4504
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0425
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4509
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3836000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1205000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9279000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13224000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
411000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
190000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
665000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2344000 usd
CY2024Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2024Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
545000 usd
CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1672000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-421000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
161000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
545000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1672000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-421000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
161000 usd
CY2024Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24445000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24024000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false

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