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DEBT (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of outstanding indebtedness
Debt, net of debt issuance costs, is as follows (in thousands):

 
 
September 30, 2019
 
December 31, 2018
Revolving debt
 
$
40,000

 
$
115,000

Term loans
 
650,000

 
650,000

Mortgage loans
 
158,654

 
200,011

 
 
848,654

 
965,011

Unamortized debt issuance costs
 
(5,123
)
 
(6,299
)
Debt, net of debt issuance costs
 
$
843,531

 
$
958,712


Schedule of fixed-rate and variable-rate debt, after giving effect to interest rate derivative Our total fixed-rate and variable-rate debt, after considering our interest rate derivative agreements that are currently effective, is as follows (in thousands):
 
 
 
September 30, 2019
 
Percentage
 
December 31, 2018
 
Percentage
Fixed-rate debt
 
$
550,097

 
65%
 
$
569,103

 
59%
Variable-rate debt
 
298,557

 
35%
 
395,908

 
41%
 
 
$
848,654

 
 
 
$
965,011

 
 

Schedule of the fair value of fixed-rate that is debt not recorded at fair value
Information about the fair value of our fixed-rate debt that is not recorded at fair value is as follows (in thousands):
 
 
 
September 30, 2019
 
December 31, 2018
 
 
 
 
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Valuation Technique
Fixed-rate debt
 
$
150,097

 
$
148,501

 
$
169,103

 
$
166,256

 
Level 2 - Market approach