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v3.25.1

Debt (Details) $ / shares in Units, $ in Thousands |  |  |  | 3 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
May 01, 2025 | Jan. 09, 2025 USD ($) | Jan. 11, 2024 USD ($) $ / shares | Mar. 31, 2025 USD ($) | Mar. 31, 2024 USD ($) | Mar. 20, 2025 USD ($) | Jan. 08, 2024 $ / shares
Debt Instrument [Line Items] |  |  |  |  |  |  |
Purchase of capped calls |  |  |  |  | $ 19,448 |  |
Unsecured term loan |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Other notes payable |  |  |  |  |  | $ 600,000 |
Additional borrowing capacity amount |  |  |  |  |  | 150,000 |
Aggregate maximum borrowing capacity under accordion feature |  |  |  |  |  | 1,000,000 |
Debt issuance costs |  |  |  |  |  | $ 4,800 |
Unsecured term loan | Subsequent Event |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Spread adjustment removed | 0.10% |  |  |  |  |  |
Hoboken | Mortgages payable |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Repayment of mortgage loan |  | $ 1,200 |  |  |  |  |
Revolving credit facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity under revolving credit facility |  |  |  | $ 1,250,000 |  |  |
Maximum amount outstanding under revolving credit facility |  |  |  | 109,000 |  |  |
Weighted average borrowings outstanding |  |  |  | $ 35,100 |  |  |
Weighted average interest rate, before amortization of debt fees |  |  |  | 5.20% |  |  |
Revolving credit facility |  |  |  | $ 44,600 |  |  |
3.25% notes | Call Option |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Share Price | $ / shares |  |  |  |  |  |  | $ 102.33
Initial cap price | $ / shares |  |  | $ 143.26 |  |  |  |
Percentage of cap price premium over share price |  |  | 40.00% |  |  |  |
Purchase of capped calls |  |  | $ 19,400 |  |  |  |
3.25% notes | Exchangeable senior notes |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Proceeds from issuance of debt |  |  | $ 485,000 |  |  |  |
Interest rate |  |  | 3.25% | 3.25% | 3.25% |  |
Net proceeds |  |  | $ 471,500 |  |  |  |
Interest expense |  |  |  | $ 4,600 | $ 4,100 |  |
Debt issuance cost amortization |  |  |  | $ 700 | $ 600 |  |
Effective interest rate |  |  |  | 3.90% |  |  |
Unamortized debt issuance costs |  |  |  | $ 10,200 |  |  |
Exchange price | $ / shares |  |  | $ 122.80 |  |  |  |
Exchange premium percentage |  |  | 20.00% |  |  |  |
Quarterly common dividend payable, if in excess will adjust the initial exchange rate | $ / shares |  |  | $ 1.09 |  |  |  |
Minimum redemption exchange price |  |  | 130.00% |  |  |  |
Note offering percent |  |  | 100.00% |  |  |  |
3.25% notes | Exchangeable senior notes | Per $1,000 principal amount |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Exchange rate |  |  | 8.1436 |  |  |  |
Exchange rate principal amount |  |  | $ 1 |  |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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- Definition Average amount borrowed under the credit facility during the period. + References No definition available. + Details
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- Definition Maximum amount borrowed under the credit facility at any time during the period. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Amount of long-term notes payable classified as other. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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- Definition The cash inflow from additional borrowings, net of cash paid to third parties in connection with debt origination. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14 + Details
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- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14 + Details
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-15 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3 + Details
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- Definition The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset. + References No definition available. + Details
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