XML 56 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Revolving Credit Facility (Details)
$ in Thousands
3 Months Ended
Apr. 19, 2018
USD ($)
Feb. 02, 2016
USD ($)
item
Jun. 24, 2015
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Apr. 19, 2017
USD ($)
Debt            
Total principal outstanding       $ 991,500 $ 944,500  
Revolving Credit Facility            
Debt            
Total principal outstanding       216,500 169,500  
Maximum borrowing capacity       350,000    
Revolving Credit Facility | Subsequent Event            
Debt            
Maximum borrowing capacity $ 450,000          
Revolving Credit Facility | LIBOR | Minimum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 1.45%          
Revolving Credit Facility | LIBOR | Maximum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 2.05%          
Revolving Credit Facility | Base Rate | Minimum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 0.45%          
Revolving Credit Facility | Base Rate | Maximum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 1.05%          
Credit Agreement            
Debt            
Maximum borrowing capacity       600,000    
Increase in accordion feature borrowing capacity       $ 150,000    
Leverage ratio (as a percent)       26.80%    
Secured debt ratio (as a percent)       0.00%    
Fixed charge coverage ratio       8.6    
Unhedged variable rate debt ratio (as a percent)       14.60%    
Credit Agreement | Subsequent Event            
Debt            
Additional liquidity $ 250,000          
Maximum borrowing capacity 850,000          
Increase in accordion feature borrowing capacity 350,000          
Maximum borrowing capacity including accordion feature $ 1,200,000          
Credit Agreement | Minimum            
Debt            
Fixed charge coverage ratio       1.70    
Credit Agreement | Maximum            
Debt            
Leverage ratio (as a percent)       0.60%    
Secured debt ratio (as a percent)       0.40%    
Unhedged variable rate debt ratio (as a percent)       0.30%    
Credit Agreement | Maximum | Subsequent Event            
Debt            
Fixed charge coverage ratio 1.5          
2023 Senior Unsecured Term Loan | Subsequent Event            
Debt            
Total principal outstanding $ 150,000          
Term of loan facility 5 years          
Unsecured term loan $ 150,000          
2023 Senior Unsecured Term Loan | LIBOR | Minimum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 1.40%          
2023 Senior Unsecured Term Loan | LIBOR | Maximum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 2.00%          
2023 Senior Unsecured Term Loan | Base Rate | Minimum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 0.40%          
2023 Senior Unsecured Term Loan | Base Rate | Maximum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 1.00%          
2020 Senior Unsecured Term Loan | LIBOR | Minimum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 1.40%          
2020 Senior Unsecured Term Loan | LIBOR | Maximum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 2.00%          
2020 Senior Unsecured Term Loan | Base Rate | Minimum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 0.40%          
2020 Senior Unsecured Term Loan | Base Rate | Maximum | Subsequent Event            
Debt            
Interest rate margin (as a percent) 1.00%          
2020 Senior Unsecured Term Loan | Senior Unsecured Term Loan            
Debt            
Total principal outstanding       $ 150,000 150,000  
2021 Senior Unsecured Term Loan | Senior Unsecured Term Loan            
Debt            
Total principal outstanding       100,000 100,000  
2022 Senior Unsecured Term Loan | Senior Unsecured Term Loan            
Debt            
Total principal outstanding       $ 200,000 $ 200,000  
Operating partnership | LIBOR            
Debt            
Interest rate margin (as a percent)       1.55%    
Operating partnership | Revolving Credit Facility | Subsequent Event            
Debt            
Amount available for borrowing under the facility $ 378,600          
Operating partnership | Credit Agreement            
Debt            
Number of options available for extensions | item   1        
Extension fee (as a percent)   0.10%        
Maximum borrowing capacity   $ 600,000        
Maximum borrowing capacity including accordion feature   800,000        
Borrowing capacity at end of period       $ 350,000    
Letters of credit outstanding       4,900    
Amount available for borrowing under the facility       $ 128,600    
Operating partnership | Credit Agreement | Revolving Credit Facility            
Debt            
Maximum borrowing capacity   350,000        
Operating partnership | Credit Agreement | Revolving Credit Facility | LIBOR | Minimum            
Debt            
Interest rate margin (as a percent)       1.55%    
Operating partnership | Credit Agreement | Revolving Credit Facility | LIBOR | Maximum            
Debt            
Interest rate margin (as a percent)       2.25%    
Operating partnership | Credit Agreement | Revolving Credit Facility | Base Rate | Minimum            
Debt            
Interest rate margin (as a percent)       0.55%    
Operating partnership | Credit Agreement | Revolving Credit Facility | Base Rate | Maximum            
Debt            
Interest rate margin (as a percent)       1.25%    
Operating partnership | 2020 Senior Unsecured Term Loan | LIBOR            
Debt            
Interest rate margin (as a percent)       1.50%    
Operating partnership | 2020 Senior Unsecured Term Loan | LIBOR | Minimum            
Debt            
Interest rate margin (as a percent)       1.50%    
Operating partnership | 2020 Senior Unsecured Term Loan | LIBOR | Maximum            
Debt            
Interest rate margin (as a percent)       2.20%    
Operating partnership | 2020 Senior Unsecured Term Loan | Base Rate | Minimum            
Debt            
Interest rate margin (as a percent)       0.50%    
Operating partnership | 2020 Senior Unsecured Term Loan | Base Rate | Maximum            
Debt            
Interest rate margin (as a percent)       1.20%    
Operating partnership | 2020 Senior Unsecured Term Loan | Senior Unsecured Term Loan            
Debt            
Term of loan facility     5 years      
Unsecured term loan   $ 150,000 $ 150,000      
Operating partnership | 2021 Senior Unsecured Term Loan | LIBOR            
Debt            
Interest rate margin (as a percent)       1.50%    
Operating partnership | 2021 Senior Unsecured Term Loan | LIBOR | Minimum            
Debt            
Interest rate margin (as a percent)       1.50%    
Operating partnership | 2021 Senior Unsecured Term Loan | LIBOR | Maximum            
Debt            
Interest rate margin (as a percent)       2.20%    
Operating partnership | 2021 Senior Unsecured Term Loan | Base Rate | Minimum            
Debt            
Interest rate margin (as a percent)       0.50%    
Operating partnership | 2021 Senior Unsecured Term Loan | Base Rate | Maximum            
Debt            
Interest rate margin (as a percent)       1.20%    
Operating partnership | 2021 Senior Unsecured Term Loan | Senior Unsecured Term Loan            
Debt            
Term of loan facility   5 years        
Unsecured term loan   $ 100,000        
Operating partnership | 2022 Senior Unsecured Term Loan | LIBOR            
Debt            
Interest rate margin (as a percent)       1.50%    
Operating partnership | 2022 Senior Unsecured Term Loan | LIBOR | Minimum            
Debt            
Interest rate margin (as a percent)       1.50%    
Operating partnership | 2022 Senior Unsecured Term Loan | LIBOR | Maximum            
Debt            
Interest rate margin (as a percent)       2.10%    
Operating partnership | 2022 Senior Unsecured Term Loan | Base Rate | Minimum            
Debt            
Interest rate margin (as a percent)       0.50%    
Operating partnership | 2022 Senior Unsecured Term Loan | Base Rate | Maximum            
Debt            
Interest rate margin (as a percent)       1.10%    
Operating partnership | 2022 Senior Unsecured Term Loan | Senior Unsecured Term Loan            
Debt            
Increase in accordion feature borrowing capacity           $ 300,000