XML 58 R45.htm IDEA: XBRL DOCUMENT v3.20.2
Long Term Debt - Credit Facility (Details)
1 Months Ended 3 Months Ended 6 Months Ended
May 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Debt Instrument [Line Items]            
Repayment of credit facility $ 439,900,000          
Revolving Credit Facility            
Debt Instrument [Line Items]            
Maximum borrowing capacity         $ 1,250,000,000  
Outstanding under credit facility       $ 0   $ 0
LIBOR | Minimum            
Debt Instrument [Line Items]            
Variable rate     1.25%      
LIBOR | Maximum            
Debt Instrument [Line Items]            
Variable rate     1.75%      
Prime Rate | Minimum            
Debt Instrument [Line Items]            
Variable rate     0.25%      
Prime Rate | Maximum            
Debt Instrument [Line Items]            
Variable rate     0.75%      
Credit Agreement            
Debt Instrument [Line Items]            
Maximum borrowing capacity   $ 300,000,000.0 $ 300,000,000.0      
Credit Agreement | Revolving Credit Facility            
Debt Instrument [Line Items]            
Credit agreement, term 5 years          
Maximum borrowing capacity $ 1,100,000,000          
Outstanding under credit facility   250,000,000 $ 250,000,000      
Repayment of credit facility   $ 450,000,000        
Negative covenant, company and subsidiaries additional capacity for secured debt 50,000,000.0          
Covenants, company and subsidiaries, unsecured debt maximum $ 100,000,000.0          
Debt covenant, consolidated interest expense ratio 3.50          
Covenant leverage ratio 3.25          
Debt, leverage covenant, consolidated total indebtedness to consolidated EBITDA ratio less than or equal   4.5        
Liquidity covenant, minimum $ 550,000,000.0          
Weighted average interest rate   2.20% 2.30% 3.60%    
Commitment fee percentage 0.40%   0.15%      
Debt financing costs   $ 7,200,000 $ 7,200,000      
Credit Agreement | Revolving Credit Facility | Quarter ending September 30, 2021            
Debt Instrument [Line Items]            
Debt, leverage covenant, consolidated total indebtedness to consolidated EBITDA ratio less than or equal 4.5          
Credit Agreement | Revolving Credit Facility | Quarter ending December 31, 2021            
Debt Instrument [Line Items]            
Debt, leverage covenant, consolidated total indebtedness to consolidated EBITDA ratio less than or equal 4.0          
Credit Agreement | Revolving Credit Facility | Quarter ending March, 31, 2022            
Debt Instrument [Line Items]            
Debt, leverage covenant, consolidated total indebtedness to consolidated EBITDA ratio less than or equal 3.5          
Covenant, consolidated EBITDA to consolidated interest expense ratio, greater than or equal 3.5          
Credit Agreement | LIBOR            
Debt Instrument [Line Items]            
Variable rate 2.00%          
Credit Agreement | Base Rate            
Debt Instrument [Line Items]            
Variable rate 1.00%          
Letter of Credit            
Debt Instrument [Line Items]            
Maximum borrowing capacity $ 50,000,000.0          
Letters of credit outstanding   $ 14,700,000 $ 14,700,000 $ 4,600,000   $ 5,000,000.0