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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 90,452 $ 49,229
Operating distributions received from unconsolidated joint ventures 389 368
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 63,338 72,271
Amortization of debt issuance costs 842 866
Loss on settlement of forward starting interest rate swaps 0 (1,284)
Other amortization 34,912 29,890
Impairment loss on real estate assets 8,308 5,354
Stock compensation expense 5,653 4,071
Equity in income of unconsolidated joint ventures (226) (283)
Gain on sale of real estate assets (78,967) (36,684)
Changes in assets and liabilities:    
Increase in tenant and straight-line rent receivables, net (8,795) (16,447)
Decrease/(increase) in restricted cash and escrows 4,230 (266)
Increase in prepaid expenses and other assets (4,745) (5,071)
Decrease in accounts payable and accrued expenses (9,785) (9,762)
(Decrease)/increase in deferred income (2,862) 4,235
Net cash provided by operating activities 102,744 96,487
Cash Flows from Investing Activities:    
Acquisition of real estate assets and related intangibles (10,000) (45,185)
Capitalized expenditures, net of accruals (54,422) (62,587)
Redemption of noncontrolling interest in unconsolidated variable interest entity 0 (4,000)
Net sales proceeds from wholly-owned properties 201,690 87,925
Deferred lease costs paid (6,266) (10,678)
Net cash provided by/(used in) investing activities 131,002 (34,525)
Cash Flows from Financing Activities:    
Debt issuance costs paid (138) (830)
Proceeds from debt 211,000 1,054,857
Repayments of debt (357,597) (1,012,576)
Costs of issuance of common stock (42) (326)
Shares withheld to pay tax obligations related to employee stock compensation (2,283) (1,654)
Repurchases of common stock as part of announced plan (7,943) (39,914)
Dividends paid and discount on dividend reinvestments (61,075) (64,828)
Net cash used in financing activities (218,078) (65,271)
Net increase/(decrease) in cash and cash equivalents 15,668 (3,309)
Cash and cash equivalents, beginning of period 5,441 12,306
Cash and cash equivalents, end of period 21,109 8,997
Supplemental Disclosures of Significant Noncash Investing and Financing Activities:    
Change in accrued share repurchases as part of an announced plan 0 6,345
Accrued capital expenditures and deferred lease costs 25,146 15,930
Accrued deferred financing costs $ 0 $ 75