XML 33 R79.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt Obligations (Details Textuals) (USD $)
12 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 28, 2012
Unsecured Debt [Member]
Dec. 31, 2012
Unsecured Debt [Member]
Dec. 31, 2011
Unsecured Debt [Member]
Dec. 31, 2012
Secured Debt [Member]
Dec. 31, 2011
Secured Debt [Member]
Dec. 31, 2012
Letter of Credit [Member]
Unsecured Debt [Member]
Dec. 31, 2012
New Revolving Credit Facility [Member]
Unsecured Debt [Member]
Dec. 31, 2011
New Revolving Credit Facility [Member]
Unsecured Debt [Member]
Dec. 19, 2012
Note 2023 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
Note 2023 [Member]
Unsecured Debt [Member]
Dec. 31, 2011
Note 2023 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
$300.0M 5.750% Guaranteed Notes due 2012 [Member]
Unsecured Debt [Member]
Dec. 31, 2011
$300.0M 5.750% Guaranteed Notes due 2012 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
$250.0M 5.400% Guaranteed Notes due 2014 [Member]
Unsecured Debt [Member]
Dec. 31, 2011
$250.0M 5.400% Guaranteed Notes due 2014 [Member]
Unsecured Debt [Member]
Dec. 28, 2012
$250.0M 7.500% Guaranteed Notes due 2015 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
$250.0M 7.500% Guaranteed Notes due 2015 [Member]
Unsecured Debt [Member]
Dec. 31, 2011
$250.0M 7.500% Guaranteed Notes due 2015 [Member]
Unsecured Debt [Member]
Dec. 28, 2012
$250.0M 6.000% Guaranteed Notes due 2016 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
$250.0M 6.000% Guaranteed Notes due 2016 [Member]
Unsecured Debt [Member]
Dec. 31, 2011
$250.0M 6.000% Guaranteed Notes due 2016 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
$300.0M 5.700% Guaranteed Notes due 2017 [Member]
Unsecured Debt [Member]
Dec. 31, 2011
$300.0M 5.700% Guaranteed Notes due 2017 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
$325.0M 4.950% Guaranteed Notes due 2018 [Member]
Unsecured Debt [Member]
Dec. 31, 2011
$325.0M 4.950% Guaranteed Notes due 2018 [Member]
Unsecured Debt [Member]
Dec. 31, 2012
Three Year Term Loan [Member]
Unsecured Debt [Member]
Feb. 01, 2012
Three Year Term Loan [Member]
Unsecured Debt [Member]
Dec. 31, 2011
Three Year Term Loan [Member]
Unsecured Debt [Member]
Dec. 31, 2012
Four Year Term Loan [Member]
Unsecured Debt [Member]
Feb. 01, 2012
Four Year Term Loan [Member]
Unsecured Debt [Member]
Dec. 31, 2012
Seven Year Term Loan [Member]
Unsecured Debt [Member]
Feb. 01, 2012
Seven Year Term Loan [Member]
Unsecured Debt [Member]
Dec. 31, 2011
Seven Year Term Loan [Member]
Unsecured Debt [Member]
Dec. 31, 2012
Note Nine [Member]
Unsecured Debt [Member]
Dec. 31, 2012
Federal Funds Rate [Member]
Bank Term Loan and the Credit Facility [Member]
Participating Mortgage Loans [Line Items]                                                                            
Debt Instrument, Basis Spread on Variable Rate                   1.50%                                     1.75%         1.90%       0.50%
Properties encumbered mortgage indebtedness carrying value, net             $ 591,300,000 $ 678,000,000                                                            
Debt obligations (Textuals)                                                                            
Debt instrument, face amount                             300,000,000   250,000,000     250,000,000     250,000,000   300,000,000   325,000,000   150,000,000 150,000,000   100,000,000 250,000,000 200,000,000 200,000,000 [1]   250,000,000  
Letters of credit outstanding                 900,000                                                          
Unused availability under the Credit Facility                   530,100,000                                                        
Option for additional borrowings subject to customary conditions and limitations                   200,000,000                                                        
Derivative, Average Fixed Interest Rate                                                         2.596%         3.623%        
Debt Instrument, Interest Rate, Stated Percentage                         3.95% [2]   5.75%   5.40%     7.50%     6.00%   5.70%   4.95%                   3.95%  
Amortization of Financing Costs 6,208,000 4,991,000 3,770,000                                                                      
Refund Of Deferred Financing Costs Related To Forward Commitment 0 0 1,659,000                                                                      
Long-term Debt, Gross         2,027,953,000 1,888,111,000 443,942,000 512,391,000   69,000,000 0   250,000,000 0 0 151,491,000 238,379,000 242,681,000   166,535,000 227,329,000   150,429,000 250,000,000 300,000,000 300,000,000 325,000,000 325,000,000 150,000,000   0     200,000,000   0    
Debt Instrument, Unamortized Discount, Percent of Face Amount                       99.273%                                                    
Debt Instrument yield to maturity                       4.037%                                                    
Debt Instrument yield to maturity spread at time of pricing                       2.35%                                                    
Debt Instrument, Unamortized Discount                         1,800,000                                                  
Proceeds from Notes Payable 0 0 396,000                 246,100,000                                                    
Early Repayment of Senior Debt 188,430,000     171,500,000                             50,300,000     99,600,000                                
Gain (loss) on early extinguishment of debt $ (22,002,000) $ (2,776,000) $ (2,110,000) $ 20,400,000                                                                    
[1] On February 1, 2012, the Company closed on a new $600.0 million four-year unsecured credit facility and three unsecured term loans (the "New Term Loans") totaling $600.0 which consist of a $150.0 million three-year loan, a $250.0 million four-year loan (with $150.0 million swapped to fixed) and a $200.0 million seven-year loan. The Company used a portion of the net proceeds from the New Term Loans to repay all balances outstanding under its prior revolving credit facility and its prior $183.0 million bank term loan which were then retired prior to their scheduled June 29, 2012 maturity. On December 31, 2012, the Company repaid the entire portion of the four-year loan that was swapped to fixed (see related discussion below).
[2] On December 18, 2012, the Company issued new 3.95% $250.0 million Guaranteed Notes due 2023. The Company used the net proceeds from this debt offering to redeem portions of its 7.500% Guaranteed Notes due May 15, 2015 and 6.000% Guaranteed Notes due April 1, 2016 (see related discussion below).