XML 96 R72.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Debt (Details) - USD ($) |  |  | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
May. 06, 2015 | Apr. 20, 2015 | Dec. 31, 2015 | Jun. 29, 2015 | Dec. 31, 2014 | May. 14, 2014 | Dec. 31, 2013
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 2,077,752,000 |  | $ 1,914,036,000 |  |
Deferred financing costs, net |  |  | 5,867,000 |  | 4,849,000 |  |
Long-term debt gross |  |  | 2,097,230,000 |  |  |  |
Mortgage and Other Secured Loans [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | 331,000,000 |  | 422,467,000 |  |
Fixed rate mortgage loans [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 281,208,000 |  | 385,769,000 |  |
Stated Interest Rates, low end of range (as a percent) |  |  | 3.96% |  |  |  |
Stated Interest Rates, high end of range (as a percent) |  |  | 7.87% |  |  |  |
Unamortized premium included in carrying value |  |  | $ 514,000 |  | 42,000 |  |
Weighted average interest rate excluding incremental rate |  |  | 6.08% |  |  |  |
Variable rate secured loans [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 49,792,000 |  | 36,698,000 |  |
Stated interest rate (as a percent) |  |  | 2.20% |  |  |  |
Revolving Credit Facility [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 43,500,000 |  | 83,000,000 |  |
Term Loan Facilities [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 515,900,000 |  | 517,846,000 |  |
Weighted average interest rate (as a percent) |  |  | 1.92% |  |  |  |
Additional borrowing capacity available provided there is no default under the agreement |  |  | $ 150,000,000 |  |  |  |
Aggregate additional borrowing capacity |  |  | 430,000,000 |  |  |  |
Unsecured notes payable [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | 1,500,000 |  | 1,607,000 |  |
Unamortized discount included in carrying value |  |  | 554,000 |  | 654,000 |  |
4.25% Exchangeable Senior Notes [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 0 |  | 572,000 |  |
Stated interest rate (as a percent) |  |  |  |  |  |  | 4.25%
Debt Instrument, Redemption, Actual Redemption Price As Percentage Of Principal |  | 100.00% |  |  |  |  |
Unamortized discount included in carrying value |  |  |  |  | 3,000 |  |
Long-term debt gross |  |  |  |  | $ 575,000 |  |
London Interbank Offered Rate (LIBOR) [Member] | Variable rate secured loans [Member] | Minimum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  | 1.85% |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Variable rate secured loans [Member] | Maximum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  | 2.00% |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Minimum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  | 0.875% |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Maximum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  | 1.60% |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Term Loan Facilities [Member] | Minimum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  | 0.90% |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Term Loan Facilities [Member] | Maximum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  | 2.60% |  |  |  |
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Weighted average interest rate (as a percent) |  |  | 1.40% |  | 1.47% |  |
Loans Payable [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Deferred financing costs, net |  |  | $ 8,000,000 |  | $ 6,000,000 |  |
Line of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) | 0.875% |  |  |  |  |  |
Line of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread (as a percent) | 1.60% |  |  |  |  |  |
Senior Notes [Member] | 3.60% Senior Notes [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 346,714,000 |  | 346,311,000 |  |
Stated interest rate (as a percent) |  |  | 3.60% |  |  |  |
Interest rate on debt (as a percent) |  |  | 3.70% |  |  |  |
Unamortized discount included in carrying value |  |  | $ 2,200,000 |  | 2,500,000 |  |
Senior Notes [Member] | 5.250% Senior Notes [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 245,731,000 |  | 245,306,000 |  |
Stated interest rate (as a percent) |  |  | 5.25% |  |  |  |
Interest rate on debt (as a percent) |  |  | 5.49% |  |  |  |
Unamortized discount included in carrying value |  |  | $ 3,800,000 |  | 4,200,000 |  |
Senior Notes [Member] | 3.70% Senior Notes [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 297,378,000 |  | 296,927,000 |  |
Stated interest rate (as a percent) |  |  | 3.70% |  |  | 3.70% |
Interest rate on debt (as a percent) |  |  | 3.85% |  |  |  |
Unamortized discount included in carrying value |  |  | $ 2,100,000 |  | 2,400,000 |  |
Senior Notes [Member] | 5.0% Senior Notes [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Debt, net |  |  | $ 296,019,000 |  | $ 0 |  |
Stated interest rate (as a percent) |  |  | 5.00% | 5.00% |  |  |
Interest rate on debt (as a percent) |  |  | 5.15% |  |  |  |
Unamortized discount included in carrying value |  |  | $ 3,300,000 |  |  |  |
Senior Notes [Member] | 4.25% Exchangeable Senior Notes [Member] |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Stated interest rate (as a percent) |  |  |  |  | 4.25% |  |

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- Definition Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 + Details
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