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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 22,019 $ 17,822
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 8,974 8,044
Straight-lining of rental income (44) (551)
Change in operating assets and liabilities:    
Tenant and other receivables, net 705 (1,212)
Other assets 5,548 11,165
Amounts due to Vornado (2,318) (29)
Accounts payable and accrued expenses 10,499 9,861
Other liabilities (7) (7)
Net cash provided by operating activities 45,376 45,093
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (8,853) (14,908)
Change in restricted cash 1,666 (13)
Net cash used in investing activities (7,187) (14,921)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (836) (776)
Dividends paid (20,452) (17,890)
Debt issuance costs (16) (9)
Net cash used in financing activities (21,304) (18,675)
Net increase in cash and cash equivalents 16,885 11,497
Cash and cash equivalents at beginning of period 259,349 227,815
Cash and cash equivalents at end of period 276,234 239,312
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, excluding capitalized interest of $459 in 2015 4,676 6,220
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $36 and $4,159 for development fees due to Vornado 1,931 13,717
Write-off of fully amortized and/or depreciated assets $ 12 $ 83