Debt (Tables)

12 Months Ended

Dec. 31, 2018

Our debt consists of the following (in thousands):



	December 31,
	2018		2017
Debt payable, net to 2038 ⁽¹⁾	$	1,706,886	$	1,996,007
Unsecured notes payable under credit facilities	5,000		—
Debt service guaranty liability	60,900		64,145
Obligations under capital leases	21,898		21,000
Total	$	1,794,684	$	2,081,152

___________________


(1)	At December 31, 2018, interest rates ranged from 3.3% to 7.0% at a weighted average rate of 4.0%. At December 31, 2017, interest rates ranged from 2.6% to 7.9% at a weighted average rate of 4.0%.

Grouping Of Debt Between Fixed And Variable As Well As Secured And Unsecured

The allocation of total debt between fixed and variable-rate as well as between secured and unsecured is summarized below (in thousands):



	December 31,
	2018		2017
As to interest rate (including the effects of interest rate contracts):
Fixed-rate debt	$	1,771,999	$	2,063,263
Variable-rate debt	22,685		17,889
Total	$	1,794,684	$	2,081,152
As to collateralization:
Unsecured debt	$	1,457,432	$	1,667,462
Secured debt	337,252		413,690
Total	$	1,794,684	$	2,081,152

Schedule Of Credit Facilities

The following table discloses certain information regarding our unsecured notes payable under our credit facilities (in thousands, except percentages):



	December 31,
	2018			2017
Unsecured revolving credit facility:
Balance outstanding	$	5,000		$	—
Available balance	492,946			493,610
Letter of credit outstanding under facility	2,054			6,390
Variable interest rate (excluding facility fee) at end date	3.3		%	—		%
Unsecured short-term facility:
Balance outstanding	$	—		$	—
Variable interest rate at end date	—		%	—		%
Both facilities:
Maximum balance outstanding during the year	$	26,500		$	245,000
Weighted average balance	1,096			133,386
Year-to-date weighted average interest rate (excluding facility fee)	2.9		%	1.8		%

Principal Payments Of Debt

Scheduled principal payments on our debt (excluding $5.0 million unsecured notes payable under our credit facilities, $21.9 million of certain capital leases, $(4.6) million net premium/(discount) on debt, $(6.9) million of deferred debt costs, $1.8 million of non-cash debt-related items, and $60.9 million debt service guaranty liability) are due during the following years (in thousands):



2019	$	73,004
2020	5,296
2021	18,434
2022	307,922
2023	347,815
2024	252,153
2025	293,807
2026	277,291
2027	38,288
2028	92,159
Thereafter	10,435
Total	$	1,716,604