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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 64,822 $ 53,335
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 27,666 24,725
Straight-lining of rental income 1,594 (1,276)
Stock-based compensation expense 450 600
Change in operating assets and liabilities:    
Tenant and other receivables, net 1,081 (559)
Other assets (23,088) (13,969)
Amounts due to Vornado (1,951) (102)
Accounts payable and accrued expenses 11,346 9,527
Other liabilities (22) (23)
Net cash provided by operating activities 81,898 72,258
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (13,441) (41,919)
Change in restricted cash 275 (168)
Proceeds from maturing short-term investments 0 24,998
Net cash used in investing activities (13,166) (17,089)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (2,555) (322,372)
Proceeds from borrowing 0 350,000
Dividends paid (61,363) (53,675)
Debt issuance costs (16) (4,071)
Net cash used in financing activities (63,934) (30,118)
Net increase in cash and cash equivalents 4,798 25,051
Cash and cash equivalents at beginning of period 259,349 227,815
Cash and cash equivalents at end of period 264,147 252,866
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, excluding capitalized interest of $1,420 in 2015 14,469 18,065
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $92 and $5,540 for development fees due to Vornado in 2016 and 2015, respectively 1,053 13,259
Write-off of fully amortized and/or depreciated assets $ 1,691 $ 9,600