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Credit Facility (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Credit Facility

The Company's outstanding credit facility as of September 30, 2022 and December 31, 2021 consisted of the following (amounts in thousands):

			September 30, 2022						December 31, 2021
Variable rate revolving line of credit			25,000						—
Variable rate term loans fixed through interest rate swaps			485,000						400,000
Variable rate term loans			90,000						100,000
Total credit facility, principal amount outstanding			600,000						500,000
Unamortized deferred financing costs related to the term loan credit facility			(2,570)						(3,226)
Total credit facility, net of deferred financing costs			$	597,430					$	496,774

Schedule of Future Principal Payments Due on Debt

The principal payments due on the Unsecured Credit Facility as of September 30, 2022, for the three months ending December 31, 2022, and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):

Year						Amount
Three months ending December 31, 2022						$	—
2023						—
2024						300,000
2025						—
2026						25,000
Thereafter						275,000
						$	600,000

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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