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Notes (Tables)
12 Months Ended
Dec. 31, 2010
Notes (Tables) [Abstract] 
Summary of Company's unsecured note balances and certain interest rate and maturity date information
                     

December 31, 2010

(Amounts are in thousands)

  Net
Principal
Balance
    Interest
Rate
Ranges
  Weighted
Average
Interest Rate
  Maturity Date
Ranges

Fixed Rate Public/Private Notes (1)

    $ 4,375,860     3.85% - 7.57%   5.78%   2011 - 2026

Floating Rate Public/Private Notes (1)

    809,320     (1)   1.72%   2011 - 2013
   

 

 

             

Totals

  $ 5,185,180              
   

 

 

             
         

December 31, 2009

(Amounts are in thousands)

  Net
Principal
Balance
    Interest
Rate
Ranges
  Weighted
Average
Interest Rate
  Maturity Date
Ranges

Fixed Rate Public/Private Notes (1)

    $ 3,771,700     3.85% - 7.57%   5.93%   2011 - 2026

Floating Rate Public/Private Notes (1)

    801,824     (1)   1.37%   2010 - 2013

Floating Rate Tax-Exempt Bonds

    35,600     (2)   0.37%   2028
   

 

 

             

Totals

  $ 4,609,124              
   

 

 

             

 

(1) At December 31, 2010 and 2009, $300.0 million in fair value interest rate swaps converts a portion of the $400.0 million face value 5.200% notes due April 1, 2013 to a floating interest rate.
(2) The floating interest rate is based on the 7-Day Securities Industry and Financial Markets Association (“SIFMA”) rate, which is the tax-exempt index equivalent of LIBOR. The interest rate is 0.27% at December 31, 2009.
Aggregate payments of principal on unsecured notes payable
         

Year

  Total (1)  

2011(2)(3)

  $ 1,068,891  

2012

    474,221  

2013

    407,849  

2014

    498,576  

2015

    298,700  

Thereafter

    2,436,943  
   

 

 

 

Total

  $ 5,185,180  
   

 

 

 

 

(1) Principal payments on unsecured notes include amortization of any discounts or premiums related to the notes. Premiums and discounts are amortized over the life of the unsecured notes.
(2) Includes the Company’s $500.0 million term loan facility, which originally matured on October 5, 2010. Effective April 12, 2010, the Company exercised the first of its two one-year extension options. As a result, the maturity date is now October 5, 2011 and there is one remaining one-year extension option exercisable by the Company.
(3) Includes $482.5 million face value of 3.85% convertible unsecured debt with a final maturity of 2026.