XML 52 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Unsecured Lines of Credit Payable (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Revolving Credit Facilities | The amount of the Revolving Credit Facility unused and available at December 31, 2023 was as follows (in thousands):
Committed capacity | $ | 700,000 |
Borrowings outstanding | (157,000) |
Unused and available | $ | 543,000 |
We executed borrowings and repayments on the Revolving Credit Facility during 2023 as follows (in thousands):
Balance, December 31, 2022 | $ | 55,000 |
Borrowings | 322,000 |
Repayments | (220,000) |
Balance, December 31, 2023 | $ | 157,000 |
For the three years ended December 31, 2023, we recognized interest expense (excluding facility fees) and facility fees as follows (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Interest expense (excluding facility fees) | $ | 4,419 |  |  | $ | 912 |  |  | $ | 390 |
Facility fees | 1,454 |  |  | 1,454 |  |  | 1,419 |
Information related to revolving credit facilities for the three years ended December 31, 2023 as follows (in thousands, except percentage amounts):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Total revolving credit facilities at December 31 | $ | 700,000 |  |  | $ | 700,000 |  |  | $ | 700,000 |
Borrowings outstanding at December 31 | 157,000 |  |  | 55,000 |  |  | — |
Weighted average daily borrowings during the year | 70,578 |  |  | 21,636 |  |  | 34,803 |
Maximum daily borrowings during the year | 164,000 |  |  | 67,000 |  |  | 79,000 |
Weighted average interest rate during the year | 6.17 | % |  | 4.22 | % |  | 1.12 | %
Weighted average interest rate on borrowings outstanding at December 31 | 6.26 | % |  | 5.20 | % |  | — | %

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration