v2.4.1.9
Financing Debt (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule Of Balance Outstanding On Revolving Line-Of-Credit Facility And Term Loan
The following table presents information about the outstanding borrowings under the 2013 and 2014 Credit Agreement:
 
December 31,
  
2014
 
2013
Outstanding balance on revolving line-of-credit and term loan with interest based on LIBOR
$
696,250

 
$
285,000

Outstanding balance on revolving line-of-credit and term loan with interest based on Prime
67,700

 

Outstanding balance on revolving line-of-credit and term loan with interest based on Eurocurrency
137,614

 

Outstanding balance on $400 million 4.750% interest rate notes outstanding
400,000

 
400,000

Total outstanding balance on revolving line-of-credit facility, term loan and notes
$
1,301,564

 
$
685,000

 
 
 
 
Weighted average rate of revolving line-of-credit facility and term loan based on LIBOR
2.92
%
 
1.93
%
Weighted average rate of revolving line-of-credit facility and term loan based on Prime
5.00
%
 
%
Weighted average rate of revolving line-of-credit facility and term loan based on Eurocurrency
2.88
%
 
%
Components Of Financing Interest Expense
The following table presents the components of financing interest expense:
 
Year ended December 31,
  
2014
 
2013
 
2012
2011 Credit Agreement
 
 
 
 
 
$700 Million Revolver:
 
 
 
 
 
Interest expense based on LIBOR
$

 
$
350

 
$
3,103

Interest expense based on the prime rate

 
54

 
1,083

Fees

 
36

 
1,369

Amortization of loan origination fees

 
43

 
1,100

$200 Million Term Loan:
 
 
 
 
 
Interest expense based on LIBOR

 
170

 
3,339

Amortization of loan origination fees

 
11

 
297

 
$

 
$
664

 
$
10,291

2013 Credit Agreement
 
 
 
 
 
$700 Million Revolver:
 
 
 
 
 
Interest expense based on LIBOR
$
573

 
$
400

 
$

Interest expense based on Prime
419

 

 

Fees
1,361

 
2,098

 

Amortization of loan origination fees
757

 
1,122

 

$300 Million Term Loan:
 
 
 
 
 
Interest expense based on LIBOR
3,667

 
5,496

 

Amortization of loan origination fees
301

 
491

 

 
$
7,078


$
9,607


$

2014 Credit Agreement
 
 
 
 
 
$700 Million Revolver:
 
 
 
 
 
Interest expense based on LIBOR
$
1,723

 
$

 
$

Interest expense based on Prime
972

 

 

Interest expense based on Eurocurrency
484

 

 

Fees
733

 

 

Amortization of loan origination fees
574

 

 

$500 Million Term Loan:
 
 
 
 
 
Interest expense based on LIBOR
4,468

 

 

Amortization of loan origination fees
276

 

 

 
$
9,230

 
$

 
$

$400 Million Notes Outstanding:
 
 
 
 
 
  4.750% interest expense
$
19,000

 
$
17,469

 
$

  Amortization of loan origination fees
734

 
674

 

 
$
19,734

 
$
18,143

 
$

 
 
 
 
 
 
Realized losses on interest rate swaps
$

 
$

 
$
109

Deferred loan costs associated with the extinguishment of debt

 
1,004

 

Other

 
1

 
33

Total financing interest expense
$
36,042

 
$
29,419

 
$
10,433

Average interest rate (including impact of interest rate swaps):
 
 
 
 
 
Based on LIBOR
2.30
%
 
1.93
%
 
1.79
%
Based on prime
3.89
%
 
3.75
%
 
3.75
%
   Based on Eurocurrency
2.81
%
 
%
 
%
Average debt balance at LIBOR
$
452,911

 
$
300,056

 
$
366,387

Average debt balance at prime
$
35,765

 
$
19,162

 
$
28,885

Average debt balance at Eurocurrency
$
17,216

 
$

 
$