XML 74 R57.htm IDEA: XBRL DOCUMENT v3.25.4
Debt - Credit Agreements (Details) - USD ($)
$ in Thousands
12 Months Ended
Sep. 25, 2024
Nov. 18, 2021
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2025
May 31, 2025
Sep. 18, 2024
Debt Instrument [Line Items]                
Long-term debt     $ 3,402,102 $ 3,325,408        
Repayments of borrowings under Credit Agreement     $ 2,367,500 3,969,500 $ 3,032,000      
Repay deficit in agreement, period     6 months          
Deferred loan costs     $ 21,500          
Borrowings under credit agreement     398,000 595,500        
Secured debt, percentage of mortgages used as security   85.00%            
Borrowings under San Mateo Credit Facility     883,000 $ 615,000        
Third Amended Credit Agreement                
Debt Instrument [Line Items]                
EBITDA ratio, debt outstanding, cash and cash equivalents limit     $ 150,000          
Debt to EBITDA ratio covenant     3.50          
Third Amended Credit Agreement | Minimum                
Debt Instrument [Line Items]                
Commitment fee percentage     0.375%          
Third Amended Credit Agreement | Maximum                
Debt Instrument [Line Items]                
Commitment fee percentage     0.50%          
San Mateo Credit Facility                
Debt Instrument [Line Items]                
Effective interest rate     5.72%          
Eurodollar | Third Amended Credit Agreement | Minimum                
Debt Instrument [Line Items]                
Additional interest rate     1.75%          
Eurodollar | Third Amended Credit Agreement | Maximum                
Debt Instrument [Line Items]                
Additional interest rate     2.75%          
Base Rate Loan | Third Amended Credit Agreement | Maximum                
Debt Instrument [Line Items]                
Additional interest rate     1.75%          
Unsecured Debt | 2028 Notes                
Debt Instrument [Line Items]                
Long-term debt     $ 500,000          
Unsecured Debt | 2033 Notes                
Debt Instrument [Line Items]                
Long-term debt $ 750,000   $ 750,000          
Revolving Credit Facility | Amendment To Credit Agreement                
Debt Instrument [Line Items]                
Repayments of borrowings under Credit Agreement $ 250,000              
Covenant terms minimum current ratio     1.0          
Elected commitment, percentage     10.00%          
Revolving Credit Facility | Amendment To Credit Agreement | Ameredev                
Debt Instrument [Line Items]                
Increase in borrowing capacity               $ 250,000
Higher borrowing capacity     $ 2,250,000         2,250,000
Senior secured revolving credit maximum facility               $ 1,500,000
Line Of Credit Facility, Reaffirmed Value     3,250,000          
Line of Credit | Fourth Amended Credit Agreement                
Debt Instrument [Line Items]                
Maturity date if earlier prior to the earliest stated redemption date (in days)   180 days            
Unused capacity percentage   20.00%            
Line of Credit | San Mateo Credit Facility                
Debt Instrument [Line Items]                
Long-term line of credit     883,000          
Outstanding letters of credit     15,400          
Deferred loan costs     9,300          
Senior secured revolving credit maximum facility     1,100,000     $ 850,000 $ 800,000  
Line Of Credit Facility, Accordion Feature, Increase Limit     $ 1,350,000          
Debt Instrument, Incease (Decrease) To Basis Spread On Variable Rate     0.25%          
Line of Credit | San Mateo Credit Facility | Minimum                
Debt Instrument [Line Items]                
Commitment fee percentage     0.30%          
Line of Credit | San Mateo Credit Facility | Maximum                
Debt Instrument [Line Items]                
Commitment fee percentage     0.50%          
Letter of Credit | Credit Agreement                
Debt Instrument [Line Items]                
Outstanding letters of credit     $ 53,800          
Additional interest rate     5.63%          
Base Rate Loan | Minimum                
Debt Instrument [Line Items]                
Additional interest rate     0.75%          
Federal Funds Effective Rate | Line of Credit | San Mateo Credit Facility                
Debt Instrument [Line Items]                
Basis spread on variable rate     0.50%          
Adjusted LIBO Rate | Line of Credit | San Mateo Credit Facility                
Debt Instrument [Line Items]                
Basis spread on variable rate     1.00%          
Adjusted LIBO Rate | Line of Credit | San Mateo Credit Facility | Minimum                
Debt Instrument [Line Items]                
Additional interest rate     1.00%          
Adjusted LIBO Rate | Line of Credit | San Mateo Credit Facility | Maximum                
Debt Instrument [Line Items]                
Additional interest rate     2.00%          
Statutory Reserve Rate | Line of Credit | San Mateo Credit Facility | Minimum                
Debt Instrument [Line Items]                
Additional interest rate     2.00%          
Statutory Reserve Rate | Line of Credit | San Mateo Credit Facility | Maximum                
Debt Instrument [Line Items]                
Additional interest rate     3.00%          
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Third Amended Credit Agreement | Interest Period One                
Debt Instrument [Line Items]                
Debt instrument, interest period     1 month          
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Third Amended Credit Agreement | Interest Period Two                
Debt Instrument [Line Items]                
Debt instrument, interest period     3 months          
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Third Amended Credit Agreement | Interest Period Three                
Debt Instrument [Line Items]                
Debt instrument, interest period     6 months          
The Bank Of Nova Scotia | San Mateo Credit Facility                
Debt Instrument [Line Items]                
Elected commitment, percentage     10.00%          
Debt to EBITDA ratio covenant     5.00          
Interest coverage ratio, minimum     2.50          
Interest coverage ratio, maximum     4.50