Debt Facilities (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Summary of loans payable and senior notes

The Company’s mortgage and loans payable consisted of the following (in thousands):

	September 30, 2016			December 31, 2015
Term loans	$	1,069,965		$	456,740
Bridge term loan	468,350			386,547
Revolving credit facility borrowings	—			325,622
Brazil financings	1,585			27,113
Mortgage payable and other loans payable	49,514			47,677
	1,589,414			1,243,699
Less amount representing debt discount and debt issuance cost	(14,015		)	(2,681		)
Plus amount representing mortgage premium	2,004			1,987
	1,577,403			1,243,005
Less current portion	(518,985		)	(770,236		)
	$	1,058,418		$	472,769

The Company’s senior notes consisted of the following as of (in thousands):

	September 30, 2016			December 31, 2015
5.375% Senior Notes due 2023	$	1,000,000		$	1,000,000
5.375% Senior Notes due 2022	750,000			750,000
4.875% Senior Notes due 2020	500,000			500,000
5.75% Senior Notes due 2025	500,000			500,000
5.875% Senior Notes due 2026	1,100,000			1,100,000
	3,850,000			3,850,000
Less amount representing debt issuance cost	(40,668		)	(45,366		)
	$	3,809,332		$	3,804,634

Convertible debt

The Company’s convertible debt consisted of the following (in thousands):

	September 30, 2016		December 31, 2015
4.75% convertible subordinated notes	$	—	$	150,082
Less amount representing debt discount and debt issuance cost	—		(3,961		)
	$	—	$	146,121

Summary of maturities of debt facilities

The following table sets forth maturities of the Company’s debt, including mortgage and loans payable and senior notes and excluding debt discounts as of September 30, 2016 (in thousands):

Year ending:
2016 (3 months remaining)	$	481,048
2017	50,851
2018	50,945
2019	353,211
2020	510,024
Thereafter	3,995,339
	$	5,441,418

Fair value of debt facilities

The following table sets forth the estimated fair values of the Company’s mortgage and loans payable, senior notes and convertible debt, including current maturities, as of (in thousands):

	September 30, 2016		December 31, 2015
Mortgage and loans payable	$	1,589,087	$	916,602
Convertible debt	—		151,997
Senior notes	4,088,117		3,954,000
Revolving credit line	—		325,617

Interest charges

The following table sets forth total interest costs incurred and total interest costs capitalized for the periods presented (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Interest expense	$	92,200	$	76,269	$	293,395	$	219,556
Interest capitalized	3,234		1,831		9,479		8,677
Interest charges incurred	$	95,434	$	78,100	$	302,874	$	228,233