Debt (Tables)

9 Months Ended

Sep. 30, 2017

Debt Instruments [Abstract]

Schedule of Debt

Debt consists of the following (in thousands):

	September 30, 2017			December 31, 2016
Convertible senior notes - unsecured (net of discount of $3,637 and $4,717)	$	183,938		$	195,283
Revolving credit facility - unsecured	167,000			158,000
Bank term loan - unsecured	250,000			250,000
Private placement term loans - unsecured	400,000			400,000
HUD mortgage loans (net of discount of $1,423 and $1,487)	43,824			44,354
Fannie Mae term loans - secured, non-recourse	78,084			78,084
Unamortized loan costs	(11,554		)	(9,740		)
	$	1,111,292		$	1,115,981

Schedule of Maturities of Long-term Debt

Aggregate principal maturities of debt as of September 30, 2017 for each of the next five years and thereafter are as follows (in thousands):

Twelve months ended September 30,
2018	$	814
2019	842
2020	871
2021	188,475
2022	417,931
Thereafter	518,973
	1,127,906
Less: discount	(5,060		)
Less: unamortized loan costs	(11,554		)
	$	1,111,292

Schedule of Unsecured Term Loans

Our unsecured private placement term loans are summarized below (in thousands):

Amount		Inception	Maturity	Fixed Rate
$	125,000	January 2015	January 2023	3.99%
50,000		November 2015	November 2023	3.99%
75,000		September 2016	September 2024	3.93%
50,000		November 2015	November 2025	4.33%
100,000		January 2015	January 2027	4.51%
$	400,000

Schedule of Interest Expense

The following table summarizes interest expense (in thousands):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Interest expense on debt at contractual rates	$	10,225		$	9,138		$	30,570		$	26,486
Losses reclassified from accumulated other
comprehensive income into interest expense	695			975			2,129			2,993
Ineffective portion of cash flow hedges	(350		)	(26		)	(350		)	113
Capitalized interest	(301		)	(144		)	(462		)	(460		)
Loss on bond retirement	495			—			591			—
Charges taken on restructuring credit facility	584			—			584			—
Amortization of debt issuance costs and debt discount	893			873			2,668			2,613
Total interest expense	$	12,241		$	10,816		$	35,730		$	31,745

Schedule of Interest Rate Derivatives

Date Entered	Maturity Date	Fixed Rate	Rate Index	Notional Amount		Fair Value
May 2012	April 2019	2.84%	1-month LIBOR	$	40,000	$	15
June 2013	June 2020	3.41%	1-month LIBOR	$	80,000	$	(886	)
March 2014	June 2020	3.46%	1-month LIBOR	$	130,000	$	(1,606	)