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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 86,477 $ 76,907 $ 67,925
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization, including amortization of debt issuance costs 36,374 33,671 31,919
Straight-lining of rental income 2,347 (1,418) (2,538)
Stock-based compensation expense 450 600 394
Reversal of income tax liability 0 0 (420)
Change in operating assets and liabilities:      
Tenant and other receivables, net 958 (1,801) 712
Other assets (9,894) (4,777) (4,334)
Amounts due to Vornado (1,913) 2,228 (42,779)
Accounts payable and accrued expenses 16,049 822 (1,373)
Other liabilities (28) (31) (19)
Net cash provided by operating activities 130,820 106,201 49,487
CASH FLOWS FROM INVESTING ACTIVITIES      
Construction in progress and real estate additions (15,506) (50,121) (61,964)
Proceeds from maturing (purchases of) short-term investments 0 24,998 (24,998)
Restricted cash (445) (705) 5,442
Net cash used in investing activities (15,951) (25,828) (81,520)
CASH FLOWS FROM FINANCING ACTIVITIES      
Debt repayments (3,440) (323,193) (317,179)
Proceeds from borrowing 0 350,000 300,000
Dividends paid (81,822) (71,571) (66,436)
Debt issuance costs (30) (4,075) (4,255)
Net cash used in financing activities (85,292) (48,839) (87,870)
Net increase (decrease) in cash and cash equivalents 29,577 31,534 (119,903)
Cash and cash equivalents at beginning of year 259,349 227,815 347,718
Cash and cash equivalents at end of year 288,926 259,349 227,815
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest, excluding capitalized interest of $1,486 in 2015 19,517 22,354 30,656
NON-CASH TRANSACTIONS      
Liability for real estate additions, including $54 and $5,795 due to Vornado in 2016 and 2015, respectively 322 10,139 13,529
Write-off of fully amortized and/or depreciated assets $ 1,691 $ 20,786 $ 10,626