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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2013
Commitments and Contingencies  
Summary of contractual obligations

The following table summarizes our contractual obligations as of June 30, 2013 (in thousands):

 

 

 

Remainder of

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligation

 

2013

 

2014

 

2015

 

2016

 

2017

 

Thereafter

 

Total

 

Operating leases

 

$

9,094

 

$

18,237

 

$

18,859

 

$

18,758

 

$

17,318

 

$

77,242

 

$

159,508

 

Credit Facility(1)

 

803

 

1,606

 

1,606

 

1,606

 

73,000

 

 

78,621

 

Mortgages payable (2)

 

1,831

 

59,843

 

 

 

 

 

61,674

 

Construction Contracts (3)

 

56,510

 

1,953

 

 

 

 

 

58,463

 

Other (4)

 

2,300

 

1,533

 

1,071

 

564

 

176

 

1,484

 

7,128

 

Total

 

$

70,538

 

$

83,172

 

$

21,536

 

$

20,928

 

$

90,494

 

$

78,726

 

$

365,394

 

 

 

(1) Includes $73.0 million outstanding and estimated annual interest payments assuming no draws or payments on the revolving credit facility through the maturity date of January 3, 2017. The revolving credit facility is subject to variable rates and we estimated interest payments based on the outstanding balance and interest rate as of June 30, 2013.

(2) Includes $59.0 million of mortgage principal payments and estimated interest payments until debt maturity on October 9, 2014. We estimated interest payments of $1.1 million for the remainder of 2013 and $1.6 million in 2014. The mortgage payable is subject to variable rates and we estimated interest payments based on the interest rate as of June 30, 2013.

(3) Obligations for construction contracts for properties under construction, tenant related capital expenditures, and other capital improvements.

(4) Obligations for power contracts, telecommunications leases, and internal system development.