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Borrowings Under Lines of Credit Arrangements and Related Items (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Aggregate borrowings under the unsecured lines of credit arrangements      
Balance outstanding at quarter end [1] $ 719,000 $ 645,000 $ 835,000
Maximum amount outstanding at any month end 1,010,000 1,560,000 835,000
Average amount outstanding (total of daily principal balances divided by days in period) $ 597,422 $ 762,896 $ 452,644
Weighted average interest rate (actual interest expense divided by average borrowings outstanding) 2.02% 1.39% 1.17%
[1]
As of December 31, 2017, letters of credit in the aggregate amount of $22,365,000 have been issued, which reduce the available borrowing capacity on our primary unsecured revolving credit facility.