Quarterly report pursuant to Section 13 or 15(d)

Debt (Details 2)

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Debt (Details 2) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Carrying amount and estimated fair value of debt    
Carrying Value $ 1,931,831 $ 1,927,703
4.25% Exchangeable Senior Notes
   
Carrying amount and estimated fair value of debt    
Carrying Value 565 [1] 563 [1]
Carrying Amount
   
Carrying amount and estimated fair value of debt    
Variable-rate debt 657,491 657,691
Carrying Value 1,931,831 1,927,703
Carrying Amount | Unsecured senior notes
   
Carrying amount and estimated fair value of debt    
Fixed-rate debt 592,838 592,689
Carrying Amount | 4.25% Exchangeable Senior Notes
   
Carrying amount and estimated fair value of debt    
Fixed-rate debt 565 563
Carrying Amount | Other fixed-rate debt
   
Carrying amount and estimated fair value of debt    
Fixed-rate debt 680,937 676,760
Total Estimated Fair Value
   
Carrying amount and estimated fair value of debt    
Variable-rate debt 657,420 657,527
Carrying Value 1,911,122 1,884,473
Total Estimated Fair Value | Unsecured senior notes
   
Carrying amount and estimated fair value of debt    
Fixed-rate debt 584,178 575,374
Total Estimated Fair Value | 4.25% Exchangeable Senior Notes
   
Carrying amount and estimated fair value of debt    
Fixed-rate debt 575 575
Total Estimated Fair Value | Other fixed-rate debt
   
Carrying amount and estimated fair value of debt    
Fixed-rate debt $ 668,949 $ 650,997
[1] As described further in our 2013 Annual Report on Form 10-K, these notes have an exchange settlement feature that provides that the notes may, under certain circumstances, be exchangeable for cash and, at COPLP’s discretion, COPT common shares at an exchange rate (subject to adjustment) of 20.8513 shares per one thousand dollar principal amount of the notes (exchange rate is as of March 31, 2014 and is equivalent to an exchange price of $47.96 per common share). The carrying value of these notes included a principal amount of $575,000 and an unamortized discount totaling $10,000 as of March 31, 2014 and $12,000 as of December 31, 2013. The effective interest rate under the notes, including amortization of the issuance costs, was 6.05%. Because the closing price of our common shares as of March 31, 2014 and December 31, 2013 was less than the exchange price per common share applicable to these notes, the if-converted value of the notes did not exceed the principal amount. The table below sets forth interest expense recognized on these notes before deductions for amounts capitalized (in thousands): For the Three Months Ended March 31, 2014 2013Interest expense at stated interest rate $6 $2,304Interest expense associated with amortization of discount 3 864Total $9 $3,168