Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Instruments [Abstract]

Schedule of Debt

Debt consists of the following (in thousands):

	March 31, 2018			December 31, 2017
Convertible senior notes - unsecured (net of discount of $1,959 and $2,637)	$	118,041		$	144,938
Revolving credit facility - unsecured	262,000			221,000
Bank term loan - unsecured	250,000			250,000
Private placement term loans - unsecured	400,000			400,000
HUD mortgage loans (net of discount of $1,381 and $1,402)	43,463			43,645
Fannie Mae term loans - secured, non-recourse	96,285			96,367
Unamortized loan costs	(9,563		)	(10,453		)
	$	1,160,226		$	1,145,497

Schedule of Maturities of Long-term Debt

Aggregate principal maturities of debt as of March 31, 2018 for each of the next five years and thereafter are as follows (in thousands):

Twelve months ended March 31,
2018	$	1,155
2019	1,196
2020	1,244
2021	121,291
2022	638,340
Thereafter	409,903
	1,173,129
Less: discount	(3,340		)
Less: unamortized loan costs	(9,563		)
	$	1,160,226

Schedule of Unsecured Term Loans

loans is 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
	March 31,
	2018			2017
Interest expense on debt at contractual rates	$	10,527		$	10,033
Losses reclassified from accumulated other
comprehensive income into interest expense	276			789
Capitalized interest	(24		)	(67		)
Amortization of debt issuance costs and debt discount	835			906
Total interest expense	$	11,614		$	11,661

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	$	266
June 2013	June 2020	3.41%	1-month LIBOR	$	80,000	$	459
March 2014	June 2020	3.46%	1-month LIBOR	$	130,000	$	607