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Debt (Tables)
 12 Months Ended
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