XML 43 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Notes and Bonds Payable (Details)
3 Months Ended 6 Months Ended
Jun. 25, 2020
USD ($)
ft²
bond
Jun. 02, 2020
USD ($)
ft²
May 29, 2020
USD ($)
May 04, 2020
USD ($)
ft²
Mar. 04, 2020
USD ($)
derivative
Feb. 03, 2020
USD ($)
ft²
Jun. 30, 2020
USD ($)
ft²
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
ft²
Jun. 30, 2019
USD ($)
Feb. 25, 2020
USD ($)
Feb. 24, 2020
USD ($)
Dec. 31, 2019
USD ($)
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 1,554,936,000   $ 1,554,936,000       $ 1,414,069,000
Impact of settlement of forward-starting interest rate swap             $ 1,455,000 $ 4,577,000 $ 15,386,000 $ 5,301,000      
Area of real estate property | ft²             15,500,000   15,500,000        
Borrowings on term loan                 $ 150,000,000 50,000,000      
Line of credit | $700 million Unsecured Credit Facility                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 0   0       293,000,000
Credit facility             700,000,000   700,000,000        
Medium-term notes | $200 million unsecured term loan facility, net of issuance costs                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 199,124,000   $ 199,124,000       199,013,000
Effective interest rate             2.00%   2.00%        
Term-loan facility             $ 200,000,000   $ 200,000,000        
Medium-term notes | $150 million unsecured term loan due 2026                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 149,431,000   $ 149,431,000       0
Effective interest rate             3.15%   3.15%        
Borrowings on term loan     $ 150,000,000.0                    
Term-loan facility             $ 150,000,000   $ 150,000,000        
Senior notes | Senior Notes due 2023, net of discount and issuance costs                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 248,756,000   $ 248,756,000       248,540,000
Effective interest rate             3.95%   3.95%        
Senior notes | Senior notes due 2025, net of discount and issuance costs                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 248,647,000   $ 248,647,000       248,522,000
Effective interest rate             4.08%   4.08%        
Senior notes | Senior Notes due 2028, net of discount and issuance costs                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 295,885,000   $ 295,885,000       295,651,000
Effective interest rate             3.84%   3.84%        
Senior notes | Senior notes due 2030, net of discount and issuance costs                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 296,299,000   $ 296,299,000       0
Effective interest rate         2.71%   2.71%   2.71%        
Fixed interest rate (percent)         2.40%                
Term-loan facility         $ 300,000,000.0                
Debt discount         1,000,000.0                
Debt issuance costs         $ 2,800,000                
Number of derivative instruments settled | derivative         2                
Mortgages | Mortgage notes payable, net of discounts and issuance costs and including premiums                          
Debt Instrument [Line Items]                          
Notes and bonds payable             $ 116,794,000   $ 116,794,000       $ 129,343,000
Effective interest rate             4.38%   4.38%        
Settled interest rate swaps                          
Debt Instrument [Line Items]                          
Impact of settlement of forward-starting interest rate swap             $ (1,455,000) $ (4,577,000) $ (11,119,000) (5,301,000)      
Settled interest rate swaps | Medium-term notes | $200 million unsecured term loan facility, net of issuance costs                          
Debt Instrument [Line Items]                          
Notional amount             $ 75,000,000.0   $ 75,000,000.0        
Weighted average interest rate (percent)             2.37%   2.37%        
Basis spread on variable rate                 100.00%        
Settled interest rate swaps | Medium-term notes | $150 million unsecured term loan due 2026                          
Debt Instrument [Line Items]                          
Notional amount             $ 100,000,000.0   $ 100,000,000.0        
Weighted average interest rate (percent)             2.23%   2.23%        
Basis spread on variable rate                 16000.00%        
Settled interest rate swaps | Senior notes | Senior notes due 2025, net of discount and issuance costs                          
Debt Instrument [Line Items]                          
Impact of settlement of forward-starting interest rate swap                 $ 1,700,000        
Treasury lock                          
Debt Instrument [Line Items]                          
Notional amount                     $ 40,000,000.0 $ 75,000,000.0  
Impact of settlement of forward-starting interest rate swap         $ 4,300,000   $ 0   (4,267,000) $ 0      
Treasury lock | Senior notes | Senior notes due 2025, net of discount and issuance costs                          
Debt Instrument [Line Items]                          
Impact of settlement of forward-starting interest rate swap         $ 4,300,000       $ 4,300,000        
Mortgages                          
Debt Instrument [Line Items]                          
Fixed interest rate (percent)   6.44%   5.74%   6.10%              
Outstanding principal repaid   $ 12,600,000   $ 300,000   $ 5,900,000              
Area of real estate property | ft²   67,510   83,318   68,860              
Bonds                          
Debt Instrument [Line Items]                          
Area of real estate property | ft² 60,476                        
Number of bonds repaid | bond 3                        
Bonds | 5.63% Bonds                          
Debt Instrument [Line Items]                          
Fixed interest rate (percent) 5.63%                        
Outstanding principal repaid $ 500,000                        
Bonds | 6.63% Bonds                          
Debt Instrument [Line Items]                          
Fixed interest rate (percent) 6.63%                        
Outstanding principal repaid $ 2,800,000                        
Bonds | 6.88% Bonds                          
Debt Instrument [Line Items]                          
Fixed interest rate (percent) 6.88%                        
Outstanding principal repaid $ 7,000,000.0