XML 44 R39.htm IDEA: XBRL DOCUMENT v3.19.2
Debt - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended
Jul. 18, 2019
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Line of Credit Facility [Line Items]            
Letters of credit outstanding   $ 2,300,000   $ 2,300,000   $ 0
Repayments of debt       181,219,000 $ 1,175,000  
Estimated fair value of debt   167,400,000   167,400,000   164,300,000
Unrealized gain (loss) on derivative instruments   (21,089,000) $ 2,012,000 (30,128,000) 7,290,000  
Interest rate swaps            
Line of Credit Facility [Line Items]            
Derivative instruments, asset position, fair value   1,800,000   1,800,000    
Derivative instruments, liability position, fair value   20,200,000   20,200,000    
Unrealized gain (loss) on derivative instruments   (21,100,000) 2,000,000.0 (30,100,000) 7,300,000  
Expected reclassifications in next 12 months   6,500,000   6,500,000    
Interest rate swaps | Interest expense            
Line of Credit Facility [Line Items]            
Reclassification of gain (loss) from AOCI to interest expense   (2,300,000) $ (200,000) (4,800,000) $ 100,000  
Letters of credit            
Line of Credit Facility [Line Items]            
Maximum borrowing capacity   30,000,000.0   30,000,000.0    
Unsecured debt | Revolving credit facilities            
Line of Credit Facility [Line Items]            
Debt outstanding   0   0   170,000,000
Unsecured debt | Unsecured term loans            
Line of Credit Facility [Line Items]            
Debt outstanding   2,245,000,000   2,245,000,000   2,425,000,000
Unsecured debt | Senior unsecured credit facility | Revolving credit facilities            
Line of Credit Facility [Line Items]            
Maximum borrowing capacity   650,000,000.0   650,000,000.0    
Debt outstanding   0   0   170,000,000
Remaining borrowing capacity   650,000,000.0   650,000,000.0    
Maximum borrowing capacity potential increase (up to)   1,300,000,000   $ 1,300,000,000    
Unsecured debt | Senior unsecured credit facility | Revolving credit facilities | Minimum            
Line of Credit Facility [Line Items]            
Unused commitment fee annual rate       0.20%    
Unsecured debt | Senior unsecured credit facility | Revolving credit facilities | Minimum | LIBOR            
Line of Credit Facility [Line Items]            
Credit facility borrowings LIBOR rate plus       1.45%    
Unsecured debt | Senior unsecured credit facility | Revolving credit facilities | Maximum            
Line of Credit Facility [Line Items]            
Unused commitment fee annual rate       0.30%    
Unsecured debt | Senior unsecured credit facility | Revolving credit facilities | Maximum | LIBOR            
Line of Credit Facility [Line Items]            
Credit facility borrowings LIBOR rate plus       2.25%    
Unsecured debt | PHL unsecured credit facility | Revolving credit facilities            
Line of Credit Facility [Line Items]            
Maximum borrowing capacity   10,000,000.0   $ 10,000,000.0    
Debt outstanding   0   0   0
Remaining borrowing capacity   10,000,000.0   $ 10,000,000.0    
Unsecured debt | PHL unsecured credit facility | Revolving credit facilities | Minimum | LIBOR            
Line of Credit Facility [Line Items]            
Credit facility borrowings LIBOR rate plus       1.45%    
Unsecured debt | PHL unsecured credit facility | Revolving credit facilities | Maximum | LIBOR            
Line of Credit Facility [Line Items]            
Credit facility borrowings LIBOR rate plus       2.25%    
Unsecured debt | Sixth Term Loan Tranche 2020 | Unsecured term loans            
Line of Credit Facility [Line Items]            
Debt outstanding   70,000,000   $ 70,000,000   250,000,000
Repayments of debt       180,000,000.0    
Senior unsecured notes            
Line of Credit Facility [Line Items]            
Debt outstanding   100,000,000   100,000,000   100,000,000
Senior unsecured notes | Series A Notes            
Line of Credit Facility [Line Items]            
Debt outstanding   $ 60,000,000   $ 60,000,000   60,000,000
Stated interest rate   4.70%   4.70%    
Senior unsecured notes | Series B Notes            
Line of Credit Facility [Line Items]            
Debt outstanding   $ 40,000,000   $ 40,000,000   $ 40,000,000
Stated interest rate   4.93%   4.93%    
Subsequent event | Unsecured debt | Sixth Term Loan Tranche 2020 | Unsecured term loans            
Line of Credit Facility [Line Items]            
Repayments of debt $ 70,000,000.0