Quarterly report pursuant to Section 13 or 15(d)

Supplemental Disclosure of Cash Flow Information

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Supplemental Disclosure of Cash Flow Information
 9 Months Ended
Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]  
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
The following table presents certain supplemental cash flow information (in thousands):
 
 
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
Interest (capitalized)/paid
 
$
(3,732
)
 
$
3,801

 
Income taxes paid
 
$
37,984

 
$
51,668

 
Non-cash operating activities:
 
 
 
 
 
Real estate not owned (decrease)/increase
 
$
(4,999
)
 
$
4,710

 
Real estate acquired through notes payable
 
$
15,220

 
$
581

 


In July 2012, we entered into our Credit Facility agreement, which has been amended from time to time, as discussed in Note 5. We utilize the Credit Facility as a means for expedited access to liquidity, as needed. We had no outstanding borrowings under the Credit Facility as of September 30, 2015 or December 31, 2014. During the nine months ended September 30, 2015 we had gross borrowings and repayments of $210.0 million, each. The nine month period ended September 30, 2014 had $1.0 million of gross borrowings and repayments.