Interest Expense

12 Months Ended

Dec. 31, 2016

Interest expense

Interest expense

Note 3. Interest Expense

The following table shows the components of interest for the years ended December 31, 2016, 2015 and 2014:

	Year Ended		Year Ended		Year Ended
	December 31, 2016		December 31, 2015		December 31, 2014
	(dollars in thousands)
Interest on borrowings	$	296,142	$	275,755	$	235,593
Less capitalized interest		(40,883)		(40,118)		(42,775)
Interest		255,259		235,637		192,818
Amortization of discounts and deferred debt issue costs		30,942		30,507		27,772
Interest expense	$	286,201	$	266,144	$	220,590