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Unsecured Lines Of Credit Payable (Tables)
12 Months Ended
Dec. 31, 2011
Unsecured Debt [Abstract]  
Lines Of Credit Unused And Available
The amounts of these lines of credit unused and available at December 31, 2011 are as follows (in millions):
 
Credit Facility No. 1
 
Credit Facility No. 2
Committed capacity
$
75.0

 
$
400.0

Borrowings outstanding
(74.0
)
 
(25.0
)
Letters of credit issued
(0.8
)
 

Unused and available
$
0.2

 
$
375.0

Repayments And Borrowings On Unsecured Lines Of Credit
We executed borrowings and repayments on the unsecured lines of credit during 2011 as follows (in millions):
 
Credit Facility No. 1
 
Credit Facility No. 2
Balance at December 31, 2010
$

 
$
100.0

Borrowings
92.0

 
169.0

Repayments
(18.0
)
 
(244.0
)
Balance at December 31, 2011
$
74.0

 
$
25.0

Interest Expense, Line of Credit Facilities
For the years ended December 31, 2011, 2010 and 2009, we recognized interest expense (excluding facility fees) as follows (in millions):
 
2011
 
2010
 
2009
Credit Facility No. 1
$
0.4

 
$
0.1

 
$

Credit Facility No.2
$
2.7

 
$
2.7

 
$
0.5

Average Interest Rate, Line of Credit Borrowings
The average interest rate on borrowings for the years ended December 31, 2011, 2010 and 2009 was as follows:
 
2011
 
2010
 
2009
Credit Facility No. 1
0.65
%
 
0.71
%
 
0.70
%
Credit Facility No.2
2.54
%
 
2.65
%
 
1.81
%
Facility Fees, Line of Credit
For the years ended December 31, 2011, 2010 and 2009, we incurred facility fees as follows (in millions):
 
2011
 
2010
 
2009
Credit Facility No. 1
$
0.1

 
$
0.1

 
$
0.1

Credit Facility No.2
$
0.7

 
$
0.4

 
$
0.4

Schedule of Revolving Credit Facilities Covenant Compliance
Information related to revolving credit facilities is as follows (in thousands):
 
2011
 
2010
 
2009
Total revolving credit facilities at December 31
$
475,000

 
$
337,000

 
$
337,000

Borrowings outstanding at December 31
$
99,000

 
$
100,000

 
$
128,000

Weighted average daily borrowings during the year
$
160,090

 
$
112,573

 
$
33,656

Maximum daily borrowings during the year
$
281,000

 
$
141,000

 
$
128,000

Weighted average interest rate during the year
1.90
%
 
2.43
%
 
1.62
%
Weighted average interest rate at December 31
0.90
%
 
2.53
%
 
2.79
%