context stringlengths 21 33.9k | category stringclasses 2
values | entity stringlengths 1 12 | entity_type stringclasses 5
values | query stringlengths 97 3.31k | answer stringlengths 12 169 |
|---|---|---|---|---|---|
The Company declared dividends per common share of $ 2.919 , $ 2.805 and $ 2.4056 during the years ended December 31, 2023, 2022 and 2021. | text | 2.4056 | perShareItemType | text: <entity> 2.4056 </entity> <entity type> perShareItemType </entity type> <context> The Company declared dividends per common share of $ 2.919 , $ 2.805 and $ 2.4056 during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
On December 12, 2023, the Company declared a dividend per common share of $ 0.247 per share for the month ended December 31, 2023. The holders of Operating Partnership Common Units are entitled to an equal distribution per Operating Partnership Unit held. The monthly common dividend for December 2023 has been reflected as a reduction of stockholders’ equity and the distribution has been reflected as a reduction of the limited partners’ non-controlling interest. The December 2023 dividends and distributions were recorded as a liability on the consolidated balance sheet as of December 31, 2023 and were paid on January 16, 2024. | text | 0.247 | perShareItemType | text: <entity> 0.247 </entity> <entity type> perShareItemType </entity type> <context> On December 12, 2023, the Company declared a dividend per common share of $ 0.247 per share for the month ended December 31, 2023. The holders of Operating Partnership Common Units are entitled to an equal distribution per Operating Partnership Unit held. The monthly common dividend for December 2023 has been reflected as a reduction of stockholders’ equity and the distribution has been reflected as a reduction of the limited partners’ non-controlling interest. The December 2023 dividends and distributions were recorded as a liability on the consolidated balance sheet as of December 31, 2023 and were paid on January 16, 2024. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
The Company declared dividends on the Series A Preferred Shares of $ 1.0625 per Depositary Share during the year ended December 31, 2023 and 2022 and $ 0.30695 per Depositary Share during the year ended December 31, 2021, covering the periods subsequent to the September 2021 preferred stock issuance date (see Note 6- Common and Preferred Stock). These dividends were reflected entirely as ordinary income for federal income tax purposes. The December 2023 dividend declared on the Series A Preferred Shares of $ 0.08854 per Depositary Share has been reflected as a reduction of stockholders’ equity and was recorded as a liability on the consolidated balance sheet as of December 31, 2023 and paid on January 2, 2024. | text | 0.30695 | perShareItemType | text: <entity> 0.30695 </entity> <entity type> perShareItemType </entity type> <context> The Company declared dividends on the Series A Preferred Shares of $ 1.0625 per Depositary Share during the year ended December 31, 2023 and 2022 and $ 0.30695 per Depositary Share during the year ended December 31, 2021, covering the periods subsequent to the September 2021 preferred stock issuance date (see Note 6- Common and Preferred Stock). These dividends were reflected entirely as ordinary income for federal income tax purposes. The December 2023 dividend declared on the Series A Preferred Shares of $ 0.08854 per Depositary Share has been reflected as a reduction of stockholders’ equity and was recorded as a liability on the consolidated balance sheet as of December 31, 2023 and paid on January 2, 2024. </context> | us-gaap:PreferredStockDividendsPerShareDeclared |
The Company declared dividends on the Series A Preferred Shares of $ 1.0625 per Depositary Share during the year ended December 31, 2023 and 2022 and $ 0.30695 per Depositary Share during the year ended December 31, 2021, covering the periods subsequent to the September 2021 preferred stock issuance date (see Note 6- Common and Preferred Stock). These dividends were reflected entirely as ordinary income for federal income tax purposes. The December 2023 dividend declared on the Series A Preferred Shares of $ 0.08854 per Depositary Share has been reflected as a reduction of stockholders’ equity and was recorded as a liability on the consolidated balance sheet as of December 31, 2023 and paid on January 2, 2024. | text | 0.08854 | perShareItemType | text: <entity> 0.08854 </entity> <entity type> perShareItemType </entity type> <context> The Company declared dividends on the Series A Preferred Shares of $ 1.0625 per Depositary Share during the year ended December 31, 2023 and 2022 and $ 0.30695 per Depositary Share during the year ended December 31, 2021, covering the periods subsequent to the September 2021 preferred stock issuance date (see Note 6- Common and Preferred Stock). These dividends were reflected entirely as ordinary income for federal income tax purposes. The December 2023 dividend declared on the Series A Preferred Shares of $ 0.08854 per Depositary Share has been reflected as a reduction of stockholders’ equity and was recorded as a liability on the consolidated balance sheet as of December 31, 2023 and paid on January 2, 2024. </context> | us-gaap:PreferredStockDividendsPerShareDeclared |
During the years ended December 31, 2023, 2022 and 2021, the Company recognized net federal and state income tax expense of approximately $ 2.9 million, $ 2.9 million and $ 2.4 million, respectively. | text | 2.9 | monetaryItemType | text: <entity> 2.9 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2023, 2022 and 2021, the Company recognized net federal and state income tax expense of approximately $ 2.9 million, $ 2.9 million and $ 2.4 million, respectively. </context> | us-gaap:IncomeTaxExpenseBenefit |
During the years ended December 31, 2023, 2022 and 2021, the Company recognized net federal and state income tax expense of approximately $ 2.9 million, $ 2.9 million and $ 2.4 million, respectively. | text | 2.4 | monetaryItemType | text: <entity> 2.4 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2023, 2022 and 2021, the Company recognized net federal and state income tax expense of approximately $ 2.9 million, $ 2.9 million and $ 2.4 million, respectively. </context> | us-gaap:IncomeTaxExpenseBenefit |
In June 2023, the Company entered into $ 350 million of forward starting interest rate swap agreements to hedge against variability in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 350 million of SOFR indexed debt to a weighted average fixed interest rate of 3.57 % beginning August 1, 2023 through the maturity date of January 1, 2029. The swaps are designated to hedge the variable rate interest payments of the 2029 Unsecured Term Loan indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 1.3 million. | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> In June 2023, the Company entered into $ 350 million of forward starting interest rate swap agreements to hedge against variability in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 350 million of SOFR indexed debt to a weighted average fixed interest rate of 3.57 % beginning August 1, 2023 through the maturity date of January 1, 2029. The swaps are designated to hedge the variable rate interest payments of the 2029 Unsecured Term Loan indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 1.3 million. </context> | us-gaap:DerivativeNotionalAmount |
In June 2023, the Company entered into $ 350 million of forward starting interest rate swap agreements to hedge against variability in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 350 million of SOFR indexed debt to a weighted average fixed interest rate of 3.57 % beginning August 1, 2023 through the maturity date of January 1, 2029. The swaps are designated to hedge the variable rate interest payments of the 2029 Unsecured Term Loan indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 1.3 million. | text | 3.57 | percentItemType | text: <entity> 3.57 </entity> <entity type> percentItemType </entity type> <context> In June 2023, the Company entered into $ 350 million of forward starting interest rate swap agreements to hedge against variability in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 350 million of SOFR indexed debt to a weighted average fixed interest rate of 3.57 % beginning August 1, 2023 through the maturity date of January 1, 2029. The swaps are designated to hedge the variable rate interest payments of the 2029 Unsecured Term Loan indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 1.3 million. </context> | us-gaap:DerivativeAverageFixedInterestRate |
In June 2023, the Company entered into $ 350 million of forward starting interest rate swap agreements to hedge against variability in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 350 million of SOFR indexed debt to a weighted average fixed interest rate of 3.57 % beginning August 1, 2023 through the maturity date of January 1, 2029. The swaps are designated to hedge the variable rate interest payments of the 2029 Unsecured Term Loan indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 1.3 million. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> In June 2023, the Company entered into $ 350 million of forward starting interest rate swap agreements to hedge against variability in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 350 million of SOFR indexed debt to a weighted average fixed interest rate of 3.57 % beginning August 1, 2023 through the maturity date of January 1, 2029. The swaps are designated to hedge the variable rate interest payments of the 2029 Unsecured Term Loan indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 1.3 million. </context> | us-gaap:DerivativeLiabilityNotionalAmount |
In December 2023, the Company entered into $ 150 million forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 150 million of SOFR indexed debt to a weighted average fixed interest rate of 3.60 % beginning December 31, 2024 through the maturity date of December 31, 2034. The swaps are designated to hedge previously unhedged variable rate interest payments indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 3.2 million | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Company entered into $ 150 million forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 150 million of SOFR indexed debt to a weighted average fixed interest rate of 3.60 % beginning December 31, 2024 through the maturity date of December 31, 2034. The swaps are designated to hedge previously unhedged variable rate interest payments indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 3.2 million </context> | us-gaap:DerivativeNotionalAmount |
In December 2023, the Company entered into $ 150 million forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 150 million of SOFR indexed debt to a weighted average fixed interest rate of 3.60 % beginning December 31, 2024 through the maturity date of December 31, 2034. The swaps are designated to hedge previously unhedged variable rate interest payments indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 3.2 million | text | 3.60 | percentItemType | text: <entity> 3.60 </entity> <entity type> percentItemType </entity type> <context> In December 2023, the Company entered into $ 150 million forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 150 million of SOFR indexed debt to a weighted average fixed interest rate of 3.60 % beginning December 31, 2024 through the maturity date of December 31, 2034. The swaps are designated to hedge previously unhedged variable rate interest payments indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 3.2 million </context> | us-gaap:DerivativeAverageFixedInterestRate |
In December 2023, the Company entered into $ 150 million forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 150 million of SOFR indexed debt to a weighted average fixed interest rate of 3.60 % beginning December 31, 2024 through the maturity date of December 31, 2034. The swaps are designated to hedge previously unhedged variable rate interest payments indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 3.2 million | text | 3.2 | monetaryItemType | text: <entity> 3.2 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Company entered into $ 150 million forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in SOFR. The swaps exchange variable rate SOFR interest on $ 150 million of SOFR indexed debt to a weighted average fixed interest rate of 3.60 % beginning December 31, 2024 through the maturity date of December 31, 2034. The swaps are designated to hedge previously unhedged variable rate interest payments indexed to SOFR. As of December 31, 2023, these interest rate swaps were valued as a liability of approximately $ 3.2 million </context> | us-gaap:DerivativeLiabilityNotionalAmount |
In May and July 2021, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 300 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending December 2022. In August 2022, the Company terminated the swap agreements upon the debt issuance, receiving $ 28.4 million upon termination. This settlement was included as a component of accumulated Other Comprehensive Income (“OCI”), to be recognized as an adjustment to income over the term of the debt. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> In May and July 2021, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 300 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending December 2022. In August 2022, the Company terminated the swap agreements upon the debt issuance, receiving $ 28.4 million upon termination. This settlement was included as a component of accumulated Other Comprehensive Income (“OCI”), to be recognized as an adjustment to income over the term of the debt. </context> | us-gaap:DerivativeNotionalAmount |
In August 2020, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 100 | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> In August 2020, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 100 </context> | us-gaap:DerivativeNotionalAmount |
In December 2020, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 100 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending February 2022. In May 2021, the Company terminated the swap agreements upon the debt issuance, receiving $ 5.6 million upon termination. This settlement was included as a component of accumulated OCI, to be recognized as an adjustment to income over the term of the debt. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> In December 2020, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 100 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending February 2022. In May 2021, the Company terminated the swap agreements upon the debt issuance, receiving $ 5.6 million upon termination. This settlement was included as a component of accumulated OCI, to be recognized as an adjustment to income over the term of the debt. </context> | us-gaap:DerivativeNotionalAmount |
In February 2021, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 100 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending February 2022. In May 2021, the Company terminated the swap agreements upon the debt issuance, receiving $ 3.1 million upon termination. This settlement was included as a component of accumulated OCI, to be recognized as an adjustment to income over the term of the debt. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> In February 2021, the Company entered into forward-starting interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $ 100 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending February 2022. In May 2021, the Company terminated the swap agreements upon the debt issuance, receiving $ 3.1 million upon termination. This settlement was included as a component of accumulated OCI, to be recognized as an adjustment to income over the term of the debt. </context> | us-gaap:DerivativeNotionalAmount |
Prior to May 2021, the Company had entered interest rate swap agreements to hedge against future cash flows on variable-rate borrowings. These interest rate swap agreements were settled in May 2021. The Company incurred a charge of $ 14.6 million upon this repayment and settlement, including swap termination costs of $ 13.4 million and the write-off of previously unamortized debt issuance costs of $ 1.2 million. Details of the interest rate swaps and related terminations is as follows: | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> Prior to May 2021, the Company had entered interest rate swap agreements to hedge against future cash flows on variable-rate borrowings. These interest rate swap agreements were settled in May 2021. The Company incurred a charge of $ 14.6 million upon this repayment and settlement, including swap termination costs of $ 13.4 million and the write-off of previously unamortized debt issuance costs of $ 1.2 million. Details of the interest rate swaps and related terminations is as follows: </context> | us-gaap:WriteOffOfDeferredDebtIssuanceCost |
In July 2014, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.09 % . These swaps effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 21, 2014 to July 21, 2021 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 0.3 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> In July 2014, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.09 % . These swaps effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 21, 2014 to July 21, 2021 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 0.3 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeNotionalAmount |
In July 2014, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.09 % . These swaps effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 21, 2014 to July 21, 2021 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 0.3 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> In July 2014, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.09 % . These swaps effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 21, 2014 to July 21, 2021 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 0.3 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeAmountOfHedgedItem |
In June 2016, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 40 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.40 % . This swap effectively converted $ 40 million of variable-rate borrowings to fixed-rate borrowings from August 1, 2016 to July 1, 2023 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.0 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> In June 2016, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 40 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.40 % . This swap effectively converted $ 40 million of variable-rate borrowings to fixed-rate borrowings from August 1, 2016 to July 1, 2023 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.0 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeNotionalAmount |
In June 2016, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 40 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.40 % . This swap effectively converted $ 40 million of variable-rate borrowings to fixed-rate borrowings from August 1, 2016 to July 1, 2023 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.0 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> In June 2016, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 40 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.40 % . This swap effectively converted $ 40 million of variable-rate borrowings to fixed-rate borrowings from August 1, 2016 to July 1, 2023 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.0 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeAmountOfHedgedItem |
In December 2018, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 100 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.66 % . These swaps effectively converted $ 100 million of variable-rate borrowings to fixed-rate borrowings from December 27, 2018 to January 15, 2026 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 9.2 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> In December 2018, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 100 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.66 % . These swaps effectively converted $ 100 million of variable-rate borrowings to fixed-rate borrowings from December 27, 2018 to January 15, 2026 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 9.2 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeNotionalAmount |
In December 2018, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 100 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.66 % . These swaps effectively converted $ 100 million of variable-rate borrowings to fixed-rate borrowings from December 27, 2018 to January 15, 2026 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 9.2 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> In December 2018, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 100 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 2.66 % . These swaps effectively converted $ 100 million of variable-rate borrowings to fixed-rate borrowings from December 27, 2018 to January 15, 2026 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 9.2 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeAmountOfHedgedItem |
In October 2019, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.4275 % . This swap effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 12, 2021 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.8 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> In October 2019, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.4275 % . This swap effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 12, 2021 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.8 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeNotionalAmount |
In October 2019, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.4275 % . This swap effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 12, 2021 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.8 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> In October 2019, the Company entered into interest rate swap agreements to hedge against changes in future cash flows resulting from changes in interest rates on $ 65 million in variable-rate borrowings. Under the terms of the interest rate swap agreements, the Company received from the counterparty interest on the notional amount based on one month LIBOR and paid to the counterparty a fixed rate of 1.4275 % . This swap effectively converted $ 65 million of variable-rate borrowings to fixed-rate borrowings from July 12, 2021 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.8 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeAmountOfHedgedItem |
Also, in October 2019, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 35 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company receives from the counterparty interest on the notional amount based on one month LIBOR and pays to the counterparty a fixed rate of 1.4265 % . This swap effectively converted $ 35 million of variable-rate borrowings to fixed-rate borrowings from September 29, 2020 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.1 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> Also, in October 2019, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 35 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company receives from the counterparty interest on the notional amount based on one month LIBOR and pays to the counterparty a fixed rate of 1.4265 % . This swap effectively converted $ 35 million of variable-rate borrowings to fixed-rate borrowings from September 29, 2020 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.1 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeNotionalAmount |
Also, in October 2019, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 35 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company receives from the counterparty interest on the notional amount based on one month LIBOR and pays to the counterparty a fixed rate of 1.4265 % . This swap effectively converted $ 35 million of variable-rate borrowings to fixed-rate borrowings from September 29, 2020 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.1 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> Also, in October 2019, the Company entered into an interest rate swap agreement to hedge against changes in future cash flows resulting from changes in interest rates on $ 35 million in variable-rate borrowings. Under the terms of the interest rate swap agreement, the Company receives from the counterparty interest on the notional amount based on one month LIBOR and pays to the counterparty a fixed rate of 1.4265 % . This swap effectively converted $ 35 million of variable-rate borrowings to fixed-rate borrowings from September 29, 2020 to January 12, 2024 . In May 2021, the Company terminated the swap agreements upon the payoff of the related term loan, paying $ 1.1 million upon termination. This settlement was recognized as an expense during the year ended December 31, 2021. </context> | us-gaap:DerivativeAmountOfHedgedItem |
Accumulated OCI relates to (i) the change in fair value of interest rate derivatives and (ii) realized gains or losses on settled derivative instruments. Amounts are reclassified out of accumulated OCI as an adjustment to interest expense for (i) realized gains or losses related to effective interest rate swaps and (ii) realized gains or losses on settled derivative instruments amortized over the term of the hedged debt transaction. During the next twelve months, the Company estimates that an additional $ 6.3 million will be reclassified as a decrease to interest expense. | text | 6.3 | monetaryItemType | text: <entity> 6.3 </entity> <entity type> monetaryItemType </entity type> <context> Accumulated OCI relates to (i) the change in fair value of interest rate derivatives and (ii) realized gains or losses on settled derivative instruments. Amounts are reclassified out of accumulated OCI as an adjustment to interest expense for (i) realized gains or losses related to effective interest rate swaps and (ii) realized gains or losses on settled derivative instruments amortized over the term of the hedged debt transaction. During the next twelve months, the Company estimates that an additional $ 6.3 million will be reclassified as a decrease to interest expense. </context> | us-gaap:DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred |
During 2021, the Company accelerated the reclassification of amounts in accumulated OCI into expense given that the hedged forecasted transactions were no longer likely to occur. During 2021, the Company accelerated a loss of $ 13.4 million out of OCI into earnings due to missed forecasted transactions associated with terminated swap agreements in connection with the early payoff of the hedged term loans (see 2021 Settlements – Extinguishment of Term Loans above). | text | 13.4 | monetaryItemType | text: <entity> 13.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2021, the Company accelerated the reclassification of amounts in accumulated OCI into expense given that the hedged forecasted transactions were no longer likely to occur. During 2021, the Company accelerated a loss of $ 13.4 million out of OCI into earnings due to missed forecasted transactions associated with terminated swap agreements in connection with the early payoff of the hedged term loans (see 2021 Settlements – Extinguishment of Term Loans above). </context> | us-gaap:ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent |
As of December 31, 2023, the fair value of derivatives in a net liability position related to these agreements, which includes interest but excludes any adjustment for nonperformance risk was $ 4.1 million. The Company had no derivatives outstanding as of December 31, 2022. There was no offsetting of derivative assets or liabilities as of December 31, 2023 and December 31, 2022. | text | 4.1 | monetaryItemType | text: <entity> 4.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the fair value of derivatives in a net liability position related to these agreements, which includes interest but excludes any adjustment for nonperformance risk was $ 4.1 million. The Company had no derivatives outstanding as of December 31, 2022. There was no offsetting of derivative assets or liabilities as of December 31, 2023 and December 31, 2022. </context> | us-gaap:DerivativeNetLiabilityPositionAggregateFairValue |
As of December 31, 2023, the fair value of derivatives in a net liability position related to these agreements, which includes interest but excludes any adjustment for nonperformance risk was $ 4.1 million. The Company had no derivatives outstanding as of December 31, 2022. There was no offsetting of derivative assets or liabilities as of December 31, 2023 and December 31, 2022. | text | no | integerItemType | text: <entity> no </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2023, the fair value of derivatives in a net liability position related to these agreements, which includes interest but excludes any adjustment for nonperformance risk was $ 4.1 million. The Company had no derivatives outstanding as of December 31, 2022. There was no offsetting of derivative assets or liabilities as of December 31, 2023 and December 31, 2022. </context> | us-gaap:DerivativeNumberOfInstrumentsHeld |
There were no such derivative assets or liabilities as of December 31, 2022. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> There were no such derivative assets or liabilities as of December 31, 2022. </context> | us-gaap:InterestRateDerivativeAssetsAtFairValue |
The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. | text | 1.79 | monetaryItemType | text: <entity> 1.79 </entity> <entity type> monetaryItemType </entity type> <context> The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. </context> | us-gaap:DebtInstrumentCarryingAmount |
The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. | text | 1.60 | monetaryItemType | text: <entity> 1.60 </entity> <entity type> monetaryItemType </entity type> <context> The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. </context> | us-gaap:DebtInstrumentFairValue |
The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. | text | 1.54 | monetaryItemType | text: <entity> 1.54 </entity> <entity type> monetaryItemType </entity type> <context> The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. </context> | us-gaap:DebtInstrumentFairValue |
The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. | text | 42.8 | monetaryItemType | text: <entity> 42.8 </entity> <entity type> monetaryItemType </entity type> <context> The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. </context> | us-gaap:DebtInstrumentCarryingAmount |
The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. | text | 48.0 | monetaryItemType | text: <entity> 48.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. </context> | us-gaap:DebtInstrumentCarryingAmount |
The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. | text | 41.2 | monetaryItemType | text: <entity> 41.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. </context> | us-gaap:DebtInstrumentFairValue |
The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. | text | 45.4 | monetaryItemType | text: <entity> 45.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company determined that the valuation of its Unsecured Term Loan, Senior Unsecured Notes and Revolving Credit Facility are classified as Level 2 of the fair value hierarchy and its fixed rate mortgages are classified as Level 3 of the fair value hierarchy. The Senior Unsecured Notes had carrying values of $ 1.79 billion and $ 1.79 billion as of December 31, 2023 and 2022, respectively, and had fair values of approximately $ 1.60 billion and $ 1.54 billion, respectively. The Mortgage Notes Payable had carrying values of $ 42.8 million and $ 48.0 million as of December 31, 2023 and 2022, respectively, and had fair values of $ 41.2 million and $ 45.4 million as of those dates. The fair value of the Revolving Credit Facility and Unsecured Term Loan are estimated to be equal to the carrying value as they are variable rate debt. </context> | us-gaap:DebtInstrumentFairValue |
In May 2020, the Company’s stockholders approved the Agree Realty Corporation 2020 Omnibus Incentive Plan (the “2020 Plan”). The 2020 Plan provides for the award to employees, directors and consultants of the Company of options, restricted stock, restricted stock units, stock appreciation rights, performance awards (which may take the form of performance units or performance shares) and other awards to acquire up to an aggregate of 700,000 shares of the Company’s common stock. As of December 31, 2023, 169,809 shares of common stock were available for issuance under the 2020 Plan. | text | 700000 | sharesItemType | text: <entity> 700000 </entity> <entity type> sharesItemType </entity type> <context> In May 2020, the Company’s stockholders approved the Agree Realty Corporation 2020 Omnibus Incentive Plan (the “2020 Plan”). The 2020 Plan provides for the award to employees, directors and consultants of the Company of options, restricted stock, restricted stock units, stock appreciation rights, performance awards (which may take the form of performance units or performance shares) and other awards to acquire up to an aggregate of 700,000 shares of the Company’s common stock. As of December 31, 2023, 169,809 shares of common stock were available for issuance under the 2020 Plan. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
In May 2020, the Company’s stockholders approved the Agree Realty Corporation 2020 Omnibus Incentive Plan (the “2020 Plan”). The 2020 Plan provides for the award to employees, directors and consultants of the Company of options, restricted stock, restricted stock units, stock appreciation rights, performance awards (which may take the form of performance units or performance shares) and other awards to acquire up to an aggregate of 700,000 shares of the Company’s common stock. As of December 31, 2023, 169,809 shares of common stock were available for issuance under the 2020 Plan. | text | 169809 | sharesItemType | text: <entity> 169809 </entity> <entity type> sharesItemType </entity type> <context> In May 2020, the Company’s stockholders approved the Agree Realty Corporation 2020 Omnibus Incentive Plan (the “2020 Plan”). The 2020 Plan provides for the award to employees, directors and consultants of the Company of options, restricted stock, restricted stock units, stock appreciation rights, performance awards (which may take the form of performance units or performance shares) and other awards to acquire up to an aggregate of 700,000 shares of the Company’s common stock. As of December 31, 2023, 169,809 shares of common stock were available for issuance under the 2020 Plan. </context> | us-gaap:CommonStockCapitalSharesReservedForFutureIssuance |
The Company estimates the fair value of restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the appropriate vesting period. The Company used 0 % for the forfeiture rate for determining the fair value of restricted stock. The Company recognized expense related to restricted share grants of $ 4.6 million, $ 3.9 million and $ 3.5 million for the year ended December 2023, 2022 and 2021, respectively. | text | 4.6 | monetaryItemType | text: <entity> 4.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company estimates the fair value of restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the appropriate vesting period. The Company used 0 % for the forfeiture rate for determining the fair value of restricted stock. The Company recognized expense related to restricted share grants of $ 4.6 million, $ 3.9 million and $ 3.5 million for the year ended December 2023, 2022 and 2021, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company estimates the fair value of restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the appropriate vesting period. The Company used 0 % for the forfeiture rate for determining the fair value of restricted stock. The Company recognized expense related to restricted share grants of $ 4.6 million, $ 3.9 million and $ 3.5 million for the year ended December 2023, 2022 and 2021, respectively. | text | 3.9 | monetaryItemType | text: <entity> 3.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company estimates the fair value of restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the appropriate vesting period. The Company used 0 % for the forfeiture rate for determining the fair value of restricted stock. The Company recognized expense related to restricted share grants of $ 4.6 million, $ 3.9 million and $ 3.5 million for the year ended December 2023, 2022 and 2021, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company estimates the fair value of restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the appropriate vesting period. The Company used 0 % for the forfeiture rate for determining the fair value of restricted stock. The Company recognized expense related to restricted share grants of $ 4.6 million, $ 3.9 million and $ 3.5 million for the year ended December 2023, 2022 and 2021, respectively. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company estimates the fair value of restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the appropriate vesting period. The Company used 0 % for the forfeiture rate for determining the fair value of restricted stock. The Company recognized expense related to restricted share grants of $ 4.6 million, $ 3.9 million and $ 3.5 million for the year ended December 2023, 2022 and 2021, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 9.6 | monetaryItemType | text: <entity> 9.6 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, there was $ 9.6 million of total unrecognized compensation costs related to the outstanding restricted shares, which is expected to be recognized over a weighted average period of 2.4 years. The intrinsic value of restricted shares redeemed was $ 2.7 million, $ 1.9 million and $ 1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
Performance shares were granted to certain executive officers prior to 2019, while performance units were granted beginning in 2019. Performance units or shares are subject to a three-year performance period, following the conclusion of which shares awarded are to be determined by the Company’s total shareholder return (“TSR”) compared to the constituents of the MSCI US REIT Index and a defined peer group. Fifty percent of the award is based upon the TSR percentile rank versus the constituents in the MSCI US REIT Index for the three-year performance period; and fifty percent of the award is based upon TSR percentile rank versus a specified net lease peer group for the three-year performance period. For performance units and shares granted prior to 2023, vesting of the performance units and shares following their issuance will occur ratably over a three-year period, with the initial vesting occurring immediately following the conclusion of the performance period such that all units and shares vest within five years of the original award date . Performance units granted in 2023 vest following the conclusion of the performance period such that all units will vest three years from the original award date. | text | Fifty | percentItemType | text: <entity> Fifty </entity> <entity type> percentItemType </entity type> <context> Performance shares were granted to certain executive officers prior to 2019, while performance units were granted beginning in 2019. Performance units or shares are subject to a three-year performance period, following the conclusion of which shares awarded are to be determined by the Company’s total shareholder return (“TSR”) compared to the constituents of the MSCI US REIT Index and a defined peer group. Fifty percent of the award is based upon the TSR percentile rank versus the constituents in the MSCI US REIT Index for the three-year performance period; and fifty percent of the award is based upon TSR percentile rank versus a specified net lease peer group for the three-year performance period. For performance units and shares granted prior to 2023, vesting of the performance units and shares following their issuance will occur ratably over a three-year period, with the initial vesting occurring immediately following the conclusion of the performance period such that all units and shares vest within five years of the original award date . Performance units granted in 2023 vest following the conclusion of the performance period such that all units will vest three years from the original award date. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage |
Performance shares were granted to certain executive officers prior to 2019, while performance units were granted beginning in 2019. Performance units or shares are subject to a three-year performance period, following the conclusion of which shares awarded are to be determined by the Company’s total shareholder return (“TSR”) compared to the constituents of the MSCI US REIT Index and a defined peer group. Fifty percent of the award is based upon the TSR percentile rank versus the constituents in the MSCI US REIT Index for the three-year performance period; and fifty percent of the award is based upon TSR percentile rank versus a specified net lease peer group for the three-year performance period. For performance units and shares granted prior to 2023, vesting of the performance units and shares following their issuance will occur ratably over a three-year period, with the initial vesting occurring immediately following the conclusion of the performance period such that all units and shares vest within five years of the original award date . Performance units granted in 2023 vest following the conclusion of the performance period such that all units will vest three years from the original award date. | text | fifty | percentItemType | text: <entity> fifty </entity> <entity type> percentItemType </entity type> <context> Performance shares were granted to certain executive officers prior to 2019, while performance units were granted beginning in 2019. Performance units or shares are subject to a three-year performance period, following the conclusion of which shares awarded are to be determined by the Company’s total shareholder return (“TSR”) compared to the constituents of the MSCI US REIT Index and a defined peer group. Fifty percent of the award is based upon the TSR percentile rank versus the constituents in the MSCI US REIT Index for the three-year performance period; and fifty percent of the award is based upon TSR percentile rank versus a specified net lease peer group for the three-year performance period. For performance units and shares granted prior to 2023, vesting of the performance units and shares following their issuance will occur ratably over a three-year period, with the initial vesting occurring immediately following the conclusion of the performance period such that all units and shares vest within five years of the original award date . Performance units granted in 2023 vest following the conclusion of the performance period such that all units will vest three years from the original award date. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage |
The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. | text | 2.2 | monetaryItemType | text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. | text | 4.4 | monetaryItemType | text: <entity> 4.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period had not yet been completed of $ 2.2 million, $ 1.5 million and $ 1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 4.4 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has not yet been completed, which is expected to be recognized over a weighted average period of 2.2 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. | text | 0.4 | monetaryItemType | text: <entity> 0.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized expense related to performance units and shares for which the three-year performance period was completed, however the shares have not yet vested, of $ 0.5 million, $ 0.4 million and $ 0.2 million for the years ending December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, there was $ 0.2 million of total unrecognized compensation costs related to performance units and shares for which the three-year performance period has been completed, however the shares have not yet vested, which is expected to be recognized over a weighted average period of 0.9 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
(1)Performance shares granted in 2018 for which the three-year performance period was completed in 2021 paid out at the 150 % performance level | text | 150 | percentItemType | text: <entity> 150 </entity> <entity type> percentItemType </entity type> <context> (1)Performance shares granted in 2018 for which the three-year performance period was completed in 2021 paid out at the 150 % performance level </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum |
(2)Performance units granted in 2019 for which the three-year performance period was completed in 2022 paid out at the 106 % performance level | text | 106 | percentItemType | text: <entity> 106 </entity> <entity type> percentItemType </entity type> <context> (2)Performance units granted in 2019 for which the three-year performance period was completed in 2022 paid out at the 106 % performance level </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum |
(3)Performance units granted in 2020 for which the three-year performance period was completed in 2023 paid out at the 150 % performance level | text | 150 | percentItemType | text: <entity> 150 </entity> <entity type> percentItemType </entity type> <context> (3)Performance units granted in 2020 for which the three-year performance period was completed in 2023 paid out at the 150 % performance level </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum |
During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. | text | 14535 | sharesItemType | text: <entity> 14535 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. | text | 73.27 | perShareItemType | text: <entity> 73.27 </entity> <entity type> perShareItemType </entity type> <context> During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. | text | 10636 | sharesItemType | text: <entity> 10636 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. | text | 62.62 | perShareItemType | text: <entity> 62.62 </entity> <entity type> perShareItemType </entity type> <context> During the year ended December 31, 2023, 14,535 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 73.27 per share. During the year ended December 31, 2022, 10,636 restricted shares were granted to independent members of the Company’s board of directors at a weighted average grant date fair value of $ 62.62 per share. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The Company estimates the fair value of board members’ restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the one-year vesting period. The Company recognized expense relating to restricted share grants to the board members of $ 1.1 million and $ 0.7 million for the years ended December 31, 2023 and 2022, respectively. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> The Company estimates the fair value of board members’ restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the one-year vesting period. The Company recognized expense relating to restricted share grants to the board members of $ 1.1 million and $ 0.7 million for the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company estimates the fair value of board members’ restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the one-year vesting period. The Company recognized expense relating to restricted share grants to the board members of $ 1.1 million and $ 0.7 million for the years ended December 31, 2023 and 2022, respectively. | text | 0.7 | monetaryItemType | text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company estimates the fair value of board members’ restricted share grants at the date of grant and amortizes those amounts into expense on a straight-line basis over the one-year vesting period. The Company recognized expense relating to restricted share grants to the board members of $ 1.1 million and $ 0.7 million for the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
Advertising costs are expensed as incurred. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to advertising totaled $ 175 million, $ 137 million and $ 144 million, respectively. | text | 175 | monetaryItemType | text: <entity> 175 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to advertising totaled $ 175 million, $ 137 million and $ 144 million, respectively. </context> | us-gaap:AdvertisingExpense |
Advertising costs are expensed as incurred. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to advertising totaled $ 175 million, $ 137 million and $ 144 million, respectively. | text | 137 | monetaryItemType | text: <entity> 137 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to advertising totaled $ 175 million, $ 137 million and $ 144 million, respectively. </context> | us-gaap:AdvertisingExpense |
Advertising costs are expensed as incurred. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to advertising totaled $ 175 million, $ 137 million and $ 144 million, respectively. | text | 144 | monetaryItemType | text: <entity> 144 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to advertising totaled $ 175 million, $ 137 million and $ 144 million, respectively. </context> | us-gaap:AdvertisingExpense |
Research and development costs are expensed as incurred and are recorded in technology and development expenses. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to research and development totaled $ 543 million, $ 545 million and $ 495 million, respectively. | text | 543 | monetaryItemType | text: <entity> 543 </entity> <entity type> monetaryItemType </entity type> <context> Research and development costs are expensed as incurred and are recorded in technology and development expenses. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to research and development totaled $ 543 million, $ 545 million and $ 495 million, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
Research and development costs are expensed as incurred and are recorded in technology and development expenses. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to research and development totaled $ 543 million, $ 545 million and $ 495 million, respectively. | text | 545 | monetaryItemType | text: <entity> 545 </entity> <entity type> monetaryItemType </entity type> <context> Research and development costs are expensed as incurred and are recorded in technology and development expenses. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to research and development totaled $ 543 million, $ 545 million and $ 495 million, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
Research and development costs are expensed as incurred and are recorded in technology and development expenses. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to research and development totaled $ 543 million, $ 545 million and $ 495 million, respectively. | text | 495 | monetaryItemType | text: <entity> 495 </entity> <entity type> monetaryItemType </entity type> <context> Research and development costs are expensed as incurred and are recorded in technology and development expenses. For the years ended December 31, 2024, 2023 and 2022, expenses attributable to research and development totaled $ 543 million, $ 545 million and $ 495 million, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
Restructuring costs totaled $ 24 million for the year ended December 31, 2022 and were primarily related to the Zillow Offers wind down. Cumulative restructuring charges attributable to continuing operations as of December 31, 2022 totaled $ 33 million. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> Restructuring costs totaled $ 24 million for the year ended December 31, 2022 and were primarily related to the Zillow Offers wind down. Cumulative restructuring charges attributable to continuing operations as of December 31, 2022 totaled $ 33 million. </context> | us-gaap:RestructuringCharges |
Restructuring costs totaled $ 24 million for the year ended December 31, 2022 and were primarily related to the Zillow Offers wind down. Cumulative restructuring charges attributable to continuing operations as of December 31, 2022 totaled $ 33 million. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> Restructuring costs totaled $ 24 million for the year ended December 31, 2022 and were primarily related to the Zillow Offers wind down. Cumulative restructuring charges attributable to continuing operations as of December 31, 2022 totaled $ 33 million. </context> | us-gaap:RestructuringAndRelatedCostCostIncurredToDate1 |
In December 2023, Zillow Group acquired Follow Up Boss for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million, payable over a three-year period upon achievement of certain performance metrics. The fair value of the contingent consideration is estimated using a Monte Carlo simulation which considers the probabilities of the achievement of certain performance metrics (Level 3). | text | 399 | monetaryItemType | text: <entity> 399 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, Zillow Group acquired Follow Up Boss for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million, payable over a three-year period upon achievement of certain performance metrics. The fair value of the contingent consideration is estimated using a Monte Carlo simulation which considers the probabilities of the achievement of certain performance metrics (Level 3). </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
In December 2023, Zillow Group acquired Follow Up Boss for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million, payable over a three-year period upon achievement of certain performance metrics. The fair value of the contingent consideration is estimated using a Monte Carlo simulation which considers the probabilities of the achievement of certain performance metrics (Level 3). | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, Zillow Group acquired Follow Up Boss for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million, payable over a three-year period upon achievement of certain performance metrics. The fair value of the contingent consideration is estimated using a Monte Carlo simulation which considers the probabilities of the achievement of certain performance metrics (Level 3). </context> | us-gaap:BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh |
The estimated fair market value includes $ 3 million and $ 6 million of gross unrealized losses as of December 31, 2024 and December 31, 2023, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> The estimated fair market value includes $ 3 million and $ 6 million of gross unrealized losses as of December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax |
The estimated fair market value includes $ 3 million and $ 6 million of gross unrealized losses as of December 31, 2024 and December 31, 2023, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> The estimated fair market value includes $ 3 million and $ 6 million of gross unrealized losses as of December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax |
We recorded depreciation expense related to property and equipment (other than website development costs) of $ 15 million, $ 24 million and $ 25 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> We recorded depreciation expense related to property and equipment (other than website development costs) of $ 15 million, $ 24 million and $ 25 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherDepreciationAndAmortization |
We recorded depreciation expense related to property and equipment (other than website development costs) of $ 15 million, $ 24 million and $ 25 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> We recorded depreciation expense related to property and equipment (other than website development costs) of $ 15 million, $ 24 million and $ 25 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherDepreciationAndAmortization |
We recorded depreciation expense related to property and equipment (other than website development costs) of $ 15 million, $ 24 million and $ 25 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> We recorded depreciation expense related to property and equipment (other than website development costs) of $ 15 million, $ 24 million and $ 25 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherDepreciationAndAmortization |
We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 196 | monetaryItemType | text: <entity> 196 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:CapitalizedComputerSoftwareAdditions |
We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 191 | monetaryItemType | text: <entity> 191 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:CapitalizedComputerSoftwareAdditions |
We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 143 | monetaryItemType | text: <entity> 143 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:CapitalizedComputerSoftwareAdditions |
We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 148 | monetaryItemType | text: <entity> 148 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 110 | monetaryItemType | text: <entity> 110 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized website development costs of $ 196 million, $ 191 million and $ 143 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $ 148 million, $ 110 million and $ 67 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
On December 8, 2023, Zillow Group acquired Follow Up Boss, a customer relationship management system for real estate professionals, for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million in cash, payable over a three-year period upon achievement of certain performance metrics. See Note 4 for additional information regarding the fair value of contingent consideration. The acquisition is consistent with our strategy to invest in a more integrated software experience for our customers. The acquisition of Follow Up Boss has been accounted for as a business combination, and assets acquired and liabilities assumed were generally recorded at their estimated fair values, in accordance with the applicable accounting guidance. Goodwill represents the expected synergies from combining the acquired assets and the operations of the acquirer as well as intangible assets that do not qualify for separate recognition. Goodwill recorded in connection with the acquisition is deductible for tax purposes. | text | 399 | monetaryItemType | text: <entity> 399 </entity> <entity type> monetaryItemType </entity type> <context> On December 8, 2023, Zillow Group acquired Follow Up Boss, a customer relationship management system for real estate professionals, for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million in cash, payable over a three-year period upon achievement of certain performance metrics. See Note 4 for additional information regarding the fair value of contingent consideration. The acquisition is consistent with our strategy to invest in a more integrated software experience for our customers. The acquisition of Follow Up Boss has been accounted for as a business combination, and assets acquired and liabilities assumed were generally recorded at their estimated fair values, in accordance with the applicable accounting guidance. Goodwill represents the expected synergies from combining the acquired assets and the operations of the acquirer as well as intangible assets that do not qualify for separate recognition. Goodwill recorded in connection with the acquisition is deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
On December 8, 2023, Zillow Group acquired Follow Up Boss, a customer relationship management system for real estate professionals, for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million in cash, payable over a three-year period upon achievement of certain performance metrics. See Note 4 for additional information regarding the fair value of contingent consideration. The acquisition is consistent with our strategy to invest in a more integrated software experience for our customers. The acquisition of Follow Up Boss has been accounted for as a business combination, and assets acquired and liabilities assumed were generally recorded at their estimated fair values, in accordance with the applicable accounting guidance. Goodwill represents the expected synergies from combining the acquired assets and the operations of the acquirer as well as intangible assets that do not qualify for separate recognition. Goodwill recorded in connection with the acquisition is deductible for tax purposes. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> On December 8, 2023, Zillow Group acquired Follow Up Boss, a customer relationship management system for real estate professionals, for $ 399 million in cash, net of cash acquired, and contingent consideration of up to $ 100 million in cash, payable over a three-year period upon achievement of certain performance metrics. See Note 4 for additional information regarding the fair value of contingent consideration. The acquisition is consistent with our strategy to invest in a more integrated software experience for our customers. The acquisition of Follow Up Boss has been accounted for as a business combination, and assets acquired and liabilities assumed were generally recorded at their estimated fair values, in accordance with the applicable accounting guidance. Goodwill represents the expected synergies from combining the acquired assets and the operations of the acquirer as well as intangible assets that do not qualify for separate recognition. Goodwill recorded in connection with the acquisition is deductible for tax purposes. </context> | us-gaap:BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh |
On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. | text | 380259 | sharesItemType | text: <entity> 380259 </entity> <entity type> sharesItemType </entity type> <context> On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. </context> | us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued |
On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. </context> | us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable |
On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> On July 31, 2023, Zillow Group acquired Aryeo, a software company that serves real estate photographers, in exchange for approximately $ 15 million in cash, net of cash acquired, and 380,259 shares of our Class C capital stock with a value of $ 20 million, for total consideration of $ 35 million, net of cash acquired. On September 11, 2023, Zillow Group acquired substantially all of the assets and liabilities of Spruce, a tech-enabled title and escrow platform, in exchange for approximately $ 19 million in cash, net of cash acquired. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
Amortization expense recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $ 77 million, $ 53 million and $ 58 million, respectively. | text | 77 | monetaryItemType | text: <entity> 77 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $ 77 million, $ 53 million and $ 58 million, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization expense recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $ 77 million, $ 53 million and $ 58 million, respectively. | text | 53 | monetaryItemType | text: <entity> 53 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $ 77 million, $ 53 million and $ 58 million, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization expense recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $ 77 million, $ 53 million and $ 58 million, respectively. | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $ 77 million, $ 53 million and $ 58 million, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. </context> | us-gaap:SubleaseIncome |
We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. </context> | us-gaap:SubleaseIncome |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.