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Share-based Compensation - Summary (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 2 Months Ended 10 Months Ended 12 Months Ended
Feb. 16, 2022
Feb. 10, 2020
Feb. 28, 2022
Dec. 31, 2021
Oct. 31, 2021
Dec. 31, 2022
Dec. 31, 2020
Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Number of shares authorized (shares)           10,400,000    
Weighted-Average Grant Date Fair Value                
Share-based compensation cost capitalized as part of real estate assets         $ 10   $ 20  
Performance Stock Unit Awards                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Granted (shares)           727,223 [1] 3,408,083 [2] 1,103,537 [3]
Share-based compensation cost         $ 315 $ 4,485 $ 3,185  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]                
Nonvested, beginning of period (shares)         1,103,537      
Granted (shares)           727,223 [1] 3,408,083 [2] 1,103,537 [3]
Incremental granted (shares) [1]           82,281    
Vested (shares)           (202,376)    
Forfeited (shares)         (1,103,537) [4]   (3,408,083) [5]  
Nonvested, end of period (shares)           607,128 1,103,537  
Weighted-Average Grant Date Fair Value                
Weighted average grant-date fair value, nonvested, beginning of period (USD per share)         $ 2.40      
Weighted average grant-date fair value, granted (USD per share)           $ 24.67 [1] $ 0.84 [2] $ 2.40 [3]
Weighted average incremental grant-date fair value, granted (USD per share) [1]           26.66    
Weighted average grant-date fair value, vested (USD per share)           $ 24.87    
Weighted average grant-date fair value, forfeited (USD per share)         $ 2.40 [4]   0.84 [5]  
Weighted average grant-date fair value, nonvested, ending of period (USD per share) $ 24.67 [6] $ 0.84 [7]       $ 24.69 $ 2.40  
Vested (shares)           (202,376)    
Unrecognized compensation cost related to nonvested stock awards           $ 13,457    
Compensation cost to be recognized over a weighted-average period           3 years    
Shares granted in period classified as liabilities (shares)             1,247,098 566,862
Share-based compensation expense related to cancellation of the 2020 PSUs             $ 2,052  
Weighted average grant-date fair value, nonvested, ending of period (USD per share) $ 24.67 [6] $ 0.84 [7]       $ 24.69 $ 2.40  
Risk-free interest rate (as a percent) 1.85% [8] 1.39% [9]            
Expected share price volatility (as a percent) 65.00% [10] 57.98% [11]            
Performance period   3 years 4 years          
Percentage of outstanding shares would be earned upon achievement of stated goal           50.00%    
Performance Stock Unit Awards | Chief Executive Officer                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Granted (shares)   2,131,245            
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]                
Granted (shares)   2,131,245            
Weighted-Average Grant Date Fair Value                
Weighted average grant-date fair value, nonvested, ending of period (USD per share)   $ 0.88            
Weighted average grant-date fair value, nonvested, ending of period (USD per share)   $ 0.88            
Performance Stock Unit Awards | Officer                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Granted (shares)   1,065,463            
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]                
Granted (shares)   1,065,463            
Weighted-Average Grant Date Fair Value                
Weighted average grant-date fair value, nonvested, ending of period (USD per share)   $ 0.75            
Weighted average grant-date fair value, nonvested, ending of period (USD per share)   $ 0.75            
2021 Equity Incentive Plan                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Number of shares authorized (shares)           3,222,222    
Percentage released stock awards granted           3.00%    
Restricted Stock Awards                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Granted (shares)           115,884    
Vesting rate         25.00%      
Share-based compensation cost       $ 299 $ 863 $ 7,400 $ 2,239  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]                
Nonvested, beginning of period (shares)         1,519,774 784,999    
Granted (shares)           115,884    
Vested (shares)         (1,490,751) (215,508)    
Forfeited (shares)         (29,023) (22,500)    
Nonvested, end of period (shares)       784,999   662,875 1,519,774  
Weighted-Average Grant Date Fair Value                
Weighted average grant-date fair value, nonvested, beginning of period (USD per share)         $ 2.15 $ 27.57    
Weighted average grant-date fair value, granted (USD per share)           26.71 $ 0.86  
Weighted average grant-date fair value, vested (USD per share)         2.14 27.56    
Weighted average grant-date fair value, forfeited (USD per share)         $ 2.73 27.57    
Weighted average grant-date fair value, nonvested, ending of period (USD per share)       $ 27.57   $ 27.42 $ 2.15  
Weighted average grant-date fair value, granted       $ 21,642   $ 3,095    
Vested (shares)         (1,490,751) (215,508)    
Unrecognized compensation cost related to nonvested stock awards           $ 16,418    
Compensation cost to be recognized over a weighted-average period           2 years 9 months 18 days    
Total fair value of shares vested       $ 0 $ 220 $ 5,306 $ 951  
Weighted average grant-date fair value, nonvested, ending of period (USD per share)       $ 27.57   $ 27.42 $ 2.15  
Restricted Stock Awards | Executive Officer                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Vesting period           4 years    
Vesting rate           25.00%    
Restricted Stock Awards | Non-Executive Officers                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Vesting period           3 years    
Vesting rate           33.00%    
Restricted Stock Awards | Non-Employee Directors                
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                
Vesting period           1 year    
[1] PSUs granted shall be adjusted as if the shares of common stock represented by such PSUs had received any applicable stock or cash dividends declared. As for stock dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that would have been payable per such stock dividend on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs. As to cash dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that could have been acquired by the cash dividend payable on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs, and the calculation of the number of shares of common stock that could have been acquired shall be based on the closing price of the common stock on the record date for the cash dividend at issue.
[2] Includes 1,247,098 shares classified as a liability due to the potential cash component.
[3] Includes 566,862 shares classified as a liability due to the potential cash component.
[4] As of the Effective Date and pursuant to the Plan, all outstanding PSUs of the Predecessor Company were deemed cancelled.
[5] In connection with the restructuring and support agreement, dated as of August 18, 2020, by and between the Predecessor Company and certain beneficial owners and/or investment advisors or managers of discretionary funds, accounts or other entities for the holders of beneficial owners (the "Consenting Noteholders"), the 2020 PSUs were cancelled.
[6] The value of the PSU awards is estimated on the date of grant using a Monte Carlo simulation model. The valuation consists of computing the fair value using CBL's simulated stock price as well as TMR for each performance period. The award is modeled as a contingent claim in that the expected return on the underlying shares is risk-free and the rate of discounting the payoff of the award is also risk-free.
[7] The value of the PSU awards is estimated on the date of grant using a Monte Carlo simulation model. The valuation consists of computing the fair value using CBL's simulated stock price as well as TSR over a three-year performance period. The award is modeled as a contingent claim in that the expected return on the underlying shares is risk-free and the rate of discounting the payoff of the award is also risk-free. The weighted-average fair value per share related to the 2020 PSUs classified as equity consists of 2,131,245 shares at a fair value of $0.88 (which relate to relative TSR) and 1,065,463 shares at fair value of $0.75 per share (which relate to absolute TSR).
[8] The risk-free interest rate was based on the yield curve on zero-coupon U.S. Treasury securities in effect as of the valuation date, which is the grant date listed above.
[9] The risk-free interest rate was based on the yield curve on zero-coupon U.S. Treasury securities in effect as of the valuation date, which is the respective grant date listed above.
[10] The computation of expected volatility was based on the historical volatility of the share prices of comparable, publicly traded companies and given the Company's risk profile and leverage relative to the comparable, publicly traded companies. The Company's historical volatility was not relied upon given the Company's limited trading history since the Effective Date.
[11] The computation of expected volatility was based on a blend of the historical volatility of CBL's shares of common stock based on annualized daily total continuous returns over a five-year period for the 2020 PSUs and implied volatility data based on the trailing month average of daily implied volatilities implied by stock call option contracts that were both closest to the terms shown and closest to the money.