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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 35,163 $ 32,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 16,061 15,876
Straight-lining of rental income (943) (1,282)
Stock-based compensation expense 600 394
Change in operating assets and liabilities:    
Tenant and other receivables, net (997) 642
Other assets (23,769) (22,169)
Amounts due to Vornado (84) (818)
Accounts payable and accrued expenses (1,002) (2,448)
Other liabilities (15) (5)
Net cash provided by operating activities 25,014 22,262
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (29,356) (13,362)
Change in restricted cash 116 4,457
Proceeds from maturing short-term investments 24,998 0
Net cash used in investing activities (4,242) (8,905)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (1,567) (315,670)
Proceeds from borrowing 0 300,000
Dividends paid (35,780) (33,213)
Debt issuance costs (10) (4,263)
Net cash used in financing activities (37,357) (53,146)
Net decrease in cash and cash equivalents (16,585) (39,789)
Cash and cash equivalents at beginning of period 227,815 347,718
Cash and cash equivalents at end of period 211,230 307,929
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, excluding capitalized interest of $1,017 and $85, respectively 12,518 17,238
NON-CASH TRANSACTIONS    
Liability for real estate additions (including $5,042 due to Vornado in 2015) 15,662 8,850
Write-off of fully amortized and/or depreciated assets $ 83 $ 10,569