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Notes and Bonds Payable (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Instrument [Line Items]  
Schedule of debt
The table below details the Company’s notes and bonds payable.  The Company adopted ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" as of January 1, 2016. The balances the year ending December 31, 2015 shown below reflect the required reclassification of debt issuance costs. See Note 1 to the Consolidated Financial Statements for more information.
 
December 31,
Maturity
Dates
 
Contractual
Interest Rates

 
Principal
Payments
 
Interest
Payments
(Dollars in thousands)
2016

 
2015

 
 
Unsecured Credit Facility
$
107,000

 
$
206,000

7/20
 
LIBOR + 1.00%

 
At maturity
 
Quarterly
Unsecured Term Loan due 2019, net of issuance costs
149,491

 
199,257

2/19
 
LIBOR + 1.20%

 
At maturity
 
Quarterly
Senior Notes due 2021, net of discount and issuance costs
397,147

 
396,489

1/21
 
5.75
%
 
At maturity
 
Semi-Annual
Senior Notes due 2023, net of discount and issuance costs
247,296

 
246,897

4/23
 
3.75
%
 
At maturity
 
Semi-Annual
Senior Notes due 2025, net of discount and issuance costs
247,819

 
247,602

5/25
 
3.88
%
 
At maturity
 
Semi-Annual
Mortgage notes payable, net of discounts and issuance costs and including premiums
115,617

 
128,747

5/17-5/40
 
     3.60%-6.88%

 
Monthly
 
Monthly

$
1,264,370

 
$
1,424,992

 
 
 
 
 
 
 
Schedule of Mortgage Notes Payable
The following table details the Company’s mortgage notes payable, with related collateral.
 
Original Balance

 
Effective Interest Rate (20)

 
Maturity
Date
 
Collateral (21)
 
Principal and Interest Payments (19)

 
Investment in Collateral at December 31,

 
Balance at December 31,
(Dollars in millions)
 
 
 
 
 
2016

 
2016

 
2015

Commercial Bank (1)
$
13.1

 
5.00
%
 
4/16
 
MOB
 
Monthly/25-yr amort.

 
$
—

 
$
—

 
$
10.2

Commercial Bank (2)
8.1

 
4.54
%
 
8/16
 
MOB
 
Monthly/10-yr amort.

 
—

 
—

 
7.4

Commercial Bank (3)
18.3

 
5.40
%
 
12/16
 
MOB
 
Monthly/30-yr amort.

 
—

 
—

 
16.0

Life Insurance Co. (4)
4.7

 
7.77
%
 
1/17
 
MOB
 
Monthly/20-yr amort.

 
—

 
—

 
0.4

Life Insurance Co. 
7.0

 
5.53
%
 
1/18
 
MOB
 
Monthly/15-yr amort.

 
14.3

 
0.7

 
1.4

Insurance Co. (5)
7.3

 
5.54
%
 
12/18
 
MOB
 
Monthly/25-yr amort.

 
14.2

 
6.2

 
6.5

Commercial Bank (6)
9.5

 
5.07
%
 
3/19
 
MOB
 
Monthly/5-yr amort.

 
13.9

 
9.5

 
9.7

Commercial Bank (7)
9.4

 
4.55
%
 
7/19
 
MOB
 
Monthly/8-yr amort

 
27.8

 
9.3

 
9.5

Commercial Bank (8)
15.2

 
7.65
%
 
7/20
 
MOB
 
(18
)
 
20.2

 
12.7

 
12.7

Life Insurance Co. (9)
7.9

 
4.00
%
 
8/20
 
MOB
 
Monthly/15-yr amort.

 
20.7

 
2.7

 
3.3

Life Insurance Co. (10)
7.3

 
5.25
%
 
8/20
 
MOB
 
Monthly/27-yr amort.

 
17.9

 
6.7

 
6.9

Commercial Bank (11)
12.9

 
6.43
%
 
2/21
 
MOB
 
Monthly/12-yr amort.

 
19.9

 
10.7

 
10.8

Life Insurance Co. (12)
13.3

 
4.13
%
 
1/24
 
MOB
 
Monthly/10-yr amort.

 
20.5

 
13.6

 
—

Financial Services (13)
9.7

 
4.32
%
 
9/24
 
MOB
 
Monthly/10-yr amort.

 
16.1

 
9.1

 
9.3

First Tennessee Bank
11.5

 
3.71
%
 
1/26
 
MOB
 
Monthly/10-yr amort.

 
37.3

 
11.0

 
—

Commercial Bank (14)
15.0

 
5.25
%
 
4/27
 
MOB
 
Monthly/20-yr amort.

 
33.4

 
10.4

 
11.1

Commercial Bank
1.8

 
5.55
%
 
10/30
 
OTH
 
Monthly/27-yr amort.

 
7.9

 
1.3

 
1.4

Municipal Government (15) (16)
11.9

 
4.79
%
 
(17) 
 
MOB
 
Semi-Annual (17)

 
20.9

 
11.7

 
12.1

 
 
 
 
 
 
 
 
 
 
 
$
285.0

 
$
115.6

 
$
128.7

______ 
(1)
The Company repaid this mortgage note in February 2016.
(2)
The Company repaid this mortgage note in April 2016.
(3)
The Company repaid this mortgage note in September 2016.
(4)
The Company repaid this mortgage note in October 2016.
(5)
The unamortized portion of the $0.6 million premium recorded on this note upon acquisition is included in the balance above.
(6)
The unamortized portion of the $0.2 million premium recorded on this note upon acquisition is included in the balance above.
(7)
The unamortized portion of the $0.3 million premium recorded on this note upon acquisition is included in the balance above.
(8)
The unaccreted portion of the $2.4 million discount recorded on this note upon acquisition is included in the balance above.
(9)
The unamortized portion of the $0.3 million premium recorded on this note upon acquisition is included in the balance above.
(10)
The unamortized portion of the $0.4 million premium recorded on this note upon acquisition is included in the balance above.
(11)
The unaccreted portion of a $1.0 million discount recorded on this note upon acquisition is included in the balance above.
(12)
The unamortized portion of the $0.8 million premium recorded on this note upon acquisition is included in the balance above.
(13)
The unaccreted portion of the $0.1 million premium recorded on this note upon acquisition is included in the balance above.
(14)
The unamortized portion of a $0.7 million premium recorded on this note upon acquisition is included in the balance above.
(15)
Balance consists of four notes secured by the same building.
(16)
The unamortized portion of the $1.0 million premium recorded on the four notes upon acquisition is included in the balance above.
(17)
These four mortgage notes payable are series municipal bonds that have maturity dates ranging from from May 2017 to May 2040. The note payable with the earliest maturity date will require principal and interest payments while the remaining notes payable will require interest only payments. One of the notes payable matures in May 2017 and the remaining three have future maturity dates but allow repayment after May 2020 without penalty. The Company intends on repaying all three notes payable at that time.
(18)
Payable in monthly installments of interest only for 24 months and then installments of principal and interest based on an 11-year amortization with the final payment due at maturity.
(19)
Payable in monthly installments of principal and interest with the final payment due at maturity (unless otherwise noted).
(20)
The contractual interest rates for the 17 outstanding mortgage notes ranged from 3.6% to 6.9% as of December 31, 2016.
(21)
MOB-Medical office building; OTH-Other.
Future contractual maturities of the Company's notes and bonds payable
Future maturities of the Company’s notes and bonds payable as of December 31, 2016 were as follows: 
(Dollars in thousands)
Principal
Maturities

 
Net Accretion/
Amortization (1)

 
Debt Issuance Costs

 
Notes and Bonds Payable

%

2017
$
4,374

 
$
(233
)
 
$
(1,086
)
 
3,055

0.2
%
2018
9,649

 
(295
)
 
(1,089
)
 
8,265

0.7
%
2019
171,643

 
(514
)
 
(876
)
 
170,253

13.5
%
2020
128,692

 
(683
)
 
(825
)
 
127,184

10.1
%
2021
412,149

 
(144
)
 
(490
)
 
411,515

32.5
%
2022 and thereafter
545,427

 
(75
)
 
(1,254
)
 
544,098

43.0
%
 
$
1,271,934

 
$
(1,944
)
 
$
(5,620
)
 
1,264,370

100.0
%
______ 
(1)
Includes discount accretion and premium amortization related to the Company’s Senior Notes due 2021, Senior Notes due 2023, Senior Notes due 2025, and 14 mortgage notes payable.
Senior Notes [Member] | 5.750% Senior Notes Due 2021 [Member]  
Debt Instrument [Line Items]  
Schedule of debt
The following table reconciles the balance of the Senior Notes due 2021 on the Company’s Consolidated Balance Sheets as of December 31, 2016 and 2015:  
 
December 31,
(Dollars in thousands)
2016

 
2015

Senior Notes due 2021 face value
$
400,000

 
$
400,000

Unaccreted discount
(1,510
)
 
(1,832
)
          Issuance costs
(1,343
)
 
(1,679
)
Senior Notes due 2021 carrying amount
$
397,147

 
$
396,489
Senior Notes [Member] | 3.75% Senior Notes Due 2023 [Member]  
Debt Instrument [Line Items]  
Schedule of debt
The following table reconciles the balance of the Senior Notes due 2023 on the Company’s Consolidated Balance Sheets as of December 31, 2016 and 2015:  
 
December 31,
(Dollars in thousands)
2016

 
2015

Senior Notes due 2023 face value
$
250,000

 
$
250,000

Unaccreted discount
(1,375
)
 
(1,565
)
          Issuance costs
(1,329
)
 
(1,538
)
Senior Notes due 2023 carrying amount
$
247,296

 
$
246,897
Senior Notes [Member] | 3.875% Unsecured Senior Notes due 2025 [Member]  
Debt Instrument [Line Items]  
Schedule of debt
The following table reconciles the balance of the Senior Notes due 2025 on the Company’s Consolidated Balance Sheets as of December 31, 2016 and 2015:
 
 
December 31,
(Dollars in thousands)
2016

 
2015

Senior Notes due 2025 face value
$
250,000

 
$
250,000

Unaccreted discount
(178
)
 
(196
)
          Issuance costs
(2,003
)
 
(2,202
)
Senior Notes due 2025 carrying amount
$
247,819

 
$
247,602
Mortgage notes payable [Member]  
Debt Instrument [Line Items]  
Schedule of debt
The following table reconciles the Company’s aggregate mortgage notes principal balance with the Company’s Consolidated Balance Sheets as of December 31, 2016 and 2015. For the years ended December 31, 2016, 2015 and 2014, the Company amortized approximately $0.3 million, $0.8 million and $1.1 million of the discount and $0.9 million, $1.0 million, and $1.0 million of the premium. For the years ended December 31, 2016, 2015 and 2014, the Company also amortized approximately $0.2 million, $0.2 million, and $0.2 million of the debt issuance costs, respectively, on the mortgage notes payable which is included in interest expense on the Company’s Consolidated Statements of Income.
 
December 31,
(Dollars in thousands)
2016

 
2015

Mortgage notes payable principal balance
$
114,934

 
$
128,161

Unamortized premium
2,569

 
2,704

Unaccreted discount
(1,450
)
 
(1,779
)
          Issuance costs
(436
)
 
(339
)
Mortgage notes payable carrying amount
$
115,617

 
$
128,747