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Notes and Contracts Payable (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Notes and Contracts Payable

 

 

December 31,

 

 

2015

 

 

2014

 

 

(in thousands, except percentages)

 

4.60% senior unsecured notes due November 15, 2024, net of unamortized discount of $66 and $74 at December 31, 2015 and 2014, respectively, effective interest rate of 4.60%

$

299,934

 

 

$

299,926

 

4.30% senior unsecured notes due February 1, 2023, net of unamortized discount of $680 and $760 at December 31, 2015 and 2014, respectively, effective interest rate of 4.35%

 

 

249,320

 

 

 

249,240

 

Trust deed notes with maturities through 2023, collateralized by land and buildings with a net book value of $50,514 and $52,414 at December 31, 2015 and 2014, respectively, weighted-average interest rate of 5.34% and 5.39%, at December 31, 2015 and 2014, respectively

 

30,308

 

 

 

34,420

 

Other notes and contracts payable with maturities through 2032, weighted-average interest rate of 4.21% and 5.30% at December 31, 2015 and 2014, respectively

 

5,540

 

 

 

3,751

 

 

$

585,102

 

 

$

587,337

 

 

Aggregate Annual Maturities of Notes and Contracts Payable

The aggregate annual maturities for notes and contracts payable for the next five years and thereafter, are as follows:

 

Year

 

Annual maturities

 

 

(in thousands)

 

2016

$

5,018

 

2017

 

5,493

 

2018

 

4,582

 

2019

 

4,234

 

2020

 

3,871

 

Thereafter

 

561,904

 

 

$

585,102