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

 

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

 

 

 

Remainder of

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligation

 

2013

 

2014

 

2015

 

2016

 

2017

 

Thereafter

 

Total

 

Operating leases

 

$

4,644

 

$

18,902

 

$

19,258

 

$

18,942

 

$

17,503

 

$

80,893

 

$

160,142

 

Credit Facility(1)

 

588

 

2,353

 

2,353

 

2,353

 

108,000

 

 

115,647

 

Mortgages payable (2)

 

913

 

59,843

 

 

 

 

 

60,756

 

Construction Contracts (3)

 

75,808

 

429

 

 

 

 

 

76,237

 

Other (4)

 

1,441

 

1,536

 

1,071

 

564

 

176

 

1,484

 

6,272

 

Total

 

$

83,394

 

$

83,063

 

$

22,682

 

$

21,859

 

$

125,679

 

$

82,377

 

$

419,054

 

 

(1) Includes $108.0 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 interest rate as of September 30, 2013.

(2) Includes $58.6 million of mortgage principal payments and estimated interest payments until debt maturity on October 9, 2014. We estimated interest payments of $0.5 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 September 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.