Interest Expense

12 Months Ended

Dec. 31, 2021

Interest Expense [Abstract]

Interest Expense

Interest Expense

The following table shows the components of interest for the years ended December 31, 2021, 2020 and 2019:

	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019
	(in thousands)
Interest on borrowings	$	511,466	$	484,896	$	456,678
Less capitalized interest	(49,070)		(53,163)		(59,358)
Interest	462,396		431,733		397,320
Amortization of discounts and deferred debt issue costs	50,620		43,025		36,691
Interest expense	$	513,016	$	474,758	$	434,011