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Interest Expense
9 Months Ended
Sep. 30, 2014
Banking and Thrift [Abstract]  
Interest Expense
Interest Expense
 
The following table summarizes the components of interest expense for the periods presented:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
Interest on borrowings and related fees
$
22,559

 
$
22,754

 
$
69,477

 
$
57,239

Accretion of original issue discount 1

 

 

 
431

Amortization of debt issuance costs
1,063

 
961

 
3,114

 
2,415

Capitalized interest
(1,669
)
 
(3,497
)
 
(4,875
)
 
(3,580
)
 
$
21,953

 
$
20,218

 
$
67,716

 
$
56,505

_____________________
1 Represents accretion of original issue discount attributable to our 10.375% Senior Notes due 2016 that were retired in 2013.