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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 49,764 $ 41,125
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 23,838 23,535
Straight-lining of rental income (1,905) (3,022)
Stock-based compensation expense 394 394
Reversal of income tax liability (420) (206)
Change in operating assets and liabilities:    
Tenant and other receivables, net 538 (348)
Other assets (14,345) (10,036)
Amounts due to Vornado 872 (2,413)
Accounts payable and accrued expenses 7,686 5,274
Other liabilities (13) (40)
Net cash provided by operating activities 66,409 54,263
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (39,957) (5,931)
Restricted cash 5,294 (75)
Net cash used in investing activities (34,663) (6,006)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (316,418) (11,870)
Proceeds from borrowing 300,000 0
Dividends paid (49,825) (42,145)
Debt issuance costs (4,245) (85)
Net cash used in financing activities (70,488) (54,100)
Net decrease in cash and cash equivalents (38,742) (5,843)
Cash and cash equivalents at beginning of period 347,718 353,396
Cash and cash equivalents at end of period 308,976 347,553
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, excluding capitalized interest of $265 in 2014 24,062 31,695
NON-CASH TRANSACTIONS    
Liability for real estate additions included in accounts payable and accrued expenses 14,296 1,458
Write-off of fully amortized and depreciated assets $ 10,569 $ 0