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54
approximately $679.1 million. Future levels of common share repurchases will be dependent upon our available
capital, investment alternatives, and the trading price of our common shares.
Contractual Obligations
Our significant contractual obligations at December 31, 2010 and their impact on our cash flows and
liquidity are summarized below for the years ending December 31 (amounts in thousands):
Total 2011 2012 2013 2014 2015 Thereafter
Long-term debt (1) ..................
.
$ 633,515 $ 158,683 $ 91,697 $ 275,535 $ 53,034 $ 30,423 $ 24,143
Operating leases (2) ..................
.
71,475 4,060 4,035 4,092 4,036 5,133 50,119
Construction and purchase
commitments (3) ......................
.
21,325 18,370 2,955 - - - -
Total .........................................
.
$ 726,315 $ 181,113 $ 98,687 $279,627 $ 57,070 $ 35,556 $ 74,262
(1) Amounts include principal and fixed-rate interest payments on our notes payable based on their contractual
terms. See Note 6 to our December 31, 2010 consolidated financial statements for additional information
on our notes payable.
(2) We lease land, equipment and office space under various operating leases. Certain leases are cancelable;
however, significant penalties would be incurred upon cancellation. Amounts reflected above consider
continuance of the lease without cancellation.
(3) Includes contractual obligations for development, acquisition and capital expenditures at December 31,
2010.
Off-Balance Sheet Arrangements: At December 31, 2010 we had no material off-balance sheet
arrangements as defined under Regulation S-K 303(a)(4) and the instructions thereto.