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v2.4.1.9

Debt (Tables) | 12 Months Ended
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Dec. 31, 2014
Debt [Abstract] |
Schedule of debt | Long-term debt and capital and financing lease obligations consist of the following (dollars in thousands):
|  | December 31, |
|  | 2014 |  |  | 2013 |
Mortgage notes payable due 2015 through 2047; weighted average interest rate of 4.84% in 2014, net of debt premium of $59.6 million in 2014 and net of debt premium of $1.3 million in 2013 (weighted average interest rate of 4.12% in 2013) |  | $ | 3,105,410 |  |  | $ | 2,037,649 |
Capital and financing lease obligations payable through 2030; weighted average interest rate of 8.57% in 2014 (weighted average interest rate of 8.14% in 2013) |  |  | 2,649,226 |  |  |  | 299,824 |
Convertible notes payable in aggregate principal amount of $316.3 million, less debt discount of $43.9 million and $54.8 million in 2014 and 2013, respectively, interest at 2.75% per annum, due June 2018 |  |  | 272,345 |  |  |  | 261,443 |
Construction financing due 2017 through 2019; weighted average interest rate of 4.90% in 2014 (weighted average interest rate of 6.22% in 2013) |  |  | 50,118 |  |  |  | 4,476 |
Notes payable issued to finance insurance premiums, weighted average interest rate of 2.82% in 2014 (weighted average interest rate of 2.65% in 2013), due 2015 |  |  | 22,586 |  |  |  | 3,186 |
Other notes payable, weighted average interest rate of 4.75% in 2014 and maturity dates ranging from 2015 to 2016 |  |  | 66,271 |  |  |  | – |
Total debt and capital and financing lease obligations |  |  | 6,165,956 |  |  |  | 2,606,578 |
Less current portion |  |  | 272,265 |  |  |  | 201,954 |
Total long-term debt and capital and financing lease obligations |  | $ | 5,893,691 |  |  | $ | 2,404,624 |
Annual aggregate scheduled maturities of long-term debt obligations outstanding | The annual aggregate scheduled maturities of long-term debt and capital and financing lease obligations outstanding as of December 31, 2014 are as follows (dollars in thousands):
Year Ending December 31, |  | Long-term Debt |  |  | Capital and Financing Lease Obligations |  |  | Total Debt |
2015 |  | $ | 151,764 |  |  | $ | 246,992 |  |  | $ | 398,756 |
2016 |  |  | 61,515 |  |  |  | 323,446 |  |  |  | 384,961 |
2017 |  |  | 554,036 |  |  |  | 280,077 |  |  |  | 834,113 |
2018 |  |  | 1,301,391 |  |  |  | 283,757 |  |  |  | 1,585,148 |
2019 |  |  | 149,842 |  |  |  | 291,493 |  |  |  | 441,335 |
Thereafter |  |  | 1,282,464 |  |  |  | 3,629,975 |  |  |  | 4,912,439 |
Total obligations |  |  | 3,501,012 |  |  |  | 5,055,740 |  |  |  | 8,556,752 |
Less amount representing debt premium, net |  |  | 15,718 |  |  |  | — |  |  |  | 15,718 |
Less amount representing interest (8.57%) |  |  | — |  |  |  | (2,406,514 | ) |  |  | (2,406,514 | )
Total |  | $ | 3,516,730 |  |  | $ | 2,649,226 |  |  | $ | 6,165,956 |
Interest expense associated with the convertible notes | The interest expense associated with the Notes (excluding amortization of the associated deferred financing costs) was as follows (dollars in thousands):
| For the Years Ended December 31, |
| 2014 |  | 2013 |  |  | 2012 |
Coupon interest |  | $ | 8,697 |  |  | $ | 8,697 |  |  | $ | 8,697 |
Amortization of discount |  |  | 10,902 |  |  |  | 10,131 |  |  |  | 9,415 |
Interest expense related to convertible notes |  | $ | 19,599 |  |  | $ | 18,828 |  |  | $ | 18,112 |
Summary of swap and cap instruments |
Current notional balance |  | $ | 846,255 |
Weighted average fixed cap rate |  |  | 4.31 | %
Earliest maturity date |  |  | 2016 |
Latest maturity date |  |  | 2018 |
Estimated asset fair value (included in other assets, net at December 31, 2014) |  | $ | 763 |
Estimated asset fair value (included in other assets, net at December 31, 2013) |  | $ | 3,751 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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