Debt (Tables)

9 Months Ended

Sep. 30, 2016

Outstanding Debt Including Capital Leases and Lease Financing Obligations

Below is a listing of the Company’s outstanding debt, including capital leases and lease financing obligations, as of September 30, 2016 and December 31, 2015 (in thousands):


	Weighted Average
	Coupon Interest Rate at		September 30,		December 31,
	September 30, 2016	Maturities	2016		2015
			(unaudited)
Unsecured Credit Facility
Revolving Credit Facility	2.07%	December 17, 2019	$	232,000	$	224,002
Term Loan I	2.02%	December 17, 2020		150,000		150,000
Term Loan II	2.03%	April 27, 2021		150,000		150,000
Senior Notes	5.88%	August 1, 2022		300,000		300,000
Capital Lease and Lease Financing Obligations	3.45%	2017 - 2025		41,825		49,761
	3.43%			873,825		873,763
Less discount and net debt issuance costs				(10,763)		(12,194)
Total outstanding debt, net			$	863,062	$	861,569

Annual Remaining Principal Payment

The annual remaining principal payment requirements as of September 30, 2016 per the contractual maturities and excluding extension options, capital leases and lease financing obligations, are as follows (unaudited and in thousands):


2016	$	—
2017		—
2018		—
2019		232,000
2020		150,000
Thereafter		450,000
Total	$	832,000

Schedule of Combined Future Payment Obligations, Excluding Interest

The following table summarizes the Company’s combined future payment obligations, excluding interest, as of September 30, 2016, on the capital leases and lease financing obligations above (unaudited and in thousands):


2016	$	3,117
2017		12,944
2018		9,370
2019		2,844
2020		2,190
Thereafter		11,360
Total	$	41,825