XML 63 R42.htm IDEA: XBRL DOCUMENT v3.6.0.2
LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following:
 
As of December 31,
2016
 
2015
(In millions)
6.0% Senior Subordinated Notes due 2024
$
600.0

 
$
600.0

Mortgage notes payable bearing interest at fixed rates (the weighted average interest rate was 5.4% for the years ended December 31, 2016 and 2015)
182.8

 
194.3

Real estate credit agreement
51.5

 
64.0

Restated master loan agreement
93.6

 
97.9

Capital lease obligations
3.4

 
3.5

Total debt outstanding
931.3

 
959.7

Add—unamortized premium on 6.0% Senior Subordinated Notes due 2024
7.6

 
8.4

Less—debt issuance costs
(12.2
)
 
(13.8
)
Long-term debt, including current portion
926.7

 
954.3

Less—current portion, net of current portion of debt issuance costs
(14.0
)
 
(13.9
)
Long-term debt
$
912.7

 
$
940.4

Schedule of Aggregate Maturities
The aggregate maturities of long-term debt as of December 31, 2016 are as follows (in millions): 
2017
$
15.4

2018
16.8

2019
41.4

2020
32.1

2021
15.1

Thereafter
810.5

Total maturities of long-term debt
$
931.3

Schedule of Mortgage Notes Payable
Below is a summary of our outstanding mortgage notes payable, the carrying values of the related collateralized real estate, and years of maturity as of December 31, 2016 and 2015:
 
 
As of December 31, 2016
 
As of December 31, 2015
Mortgage Agreement
 
Aggregate Principal Outstanding
 
Carrying Value of Collateralized Related Real Estate
 
Maturity Dates
 
Aggregate Principal Outstanding
 
Carrying Value of Collateralized Related Real Estate
 
Maturity Dates
Captive mortgages
 
$
159.7

 
$
225.5

 
2018-2024
 
$
170.3

 
$
241.1

 
2018-2024
Other mortgage debt
 
23.1

 
46.2

 
2018-2022
 
24.0

 
45.7

 
2018-2022
Real estate credit agreement
 
51.5

 
91.5

 
2023
 
64.0

 
131.7

 
2023
Restated master loan agreement
 
93.6

 
134.2

 
2025
 
97.9

 
134.7

 
2025
Total mortgage debt
 
$
327.9

 
$
497.4

 
 
 
$
356.2

 
$
553.2