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LOANS PAYABLE AND OTHER BORROWINGS (Tables) | 3 Months Ended
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Mar. 31, 2016
Debt Disclosure [Abstract] |
Schedule of Loans Payable and Other Borrowings | Loans payable and other borrowings consist of the following (in thousands):
|  | As of
|  | March 31, 2016 |  | December 31, 2015
Other borrowings, real estate note payable (1) |  | $ | 25,734 |  |  | $ | 23,867 |
$500 million unsecured revolving credit facility, maturing July 2019, with interest approximating LIBOR (approximately 0.44% at March 31, 2016) plus 1.75% or Prime (3.50% at March 31, 2016) plus 0.75% |  | — |  |  | — |
Total |  | $ | 25,734 |  |  | $ | 23,867 |
(1) | Reflects balance of non-recourse notes payable in connection with land purchases, with interest rates ranging from 0% to 6%.
Senior and convertible senior notes, net consist of the following (in thousands):
|  | As of
|  | March 31, 2016 |  | December 31, 2015
4.50% senior notes due 2018 |  | $ | 175,000 |  |  | $ | 175,000 |
7.15% senior notes due 2020. At March 31, 2016 and December 31, 2015 there was approximately $2,275 and $2,418 in net unamortized premium, respectively |  | 302,275 |  |  | 302,418 |
7.00% senior notes due 2022 |  | 300,000 |  |  | 300,000 |
6.00% senior notes due 2025 |  | 200,000 |  |  | 200,000 |
1.875% convertible senior notes due 2032 (1) |  | 126,500 |  |  | 126,500 |
Net debt issuance costs (2) |  | $ | (10,116 | ) |  | $ | (10,745 | )
Total |  | $ | 1,093,659 |  |  | $ | 1,093,173 |
(1) | The Convertible Notes may be redeemed by the note-holders on the fifth, tenth and fifteenth anniversary dates of the issuance date of the Convertible Notes (September 18, 2012).
(2) | As discussed in Note 1, the adoption of ASU 2015-03 resulted in a retrospective reclassification of our debt costs from Prepaids, other assets and goodwill to Senior and convertible senior notes, net on our December 31, 2015 balance sheet in the amount of $10.7 million.

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