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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 32,844 $ 80,509 $ 86,477
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization, including amortization of debt issuance costs 38,499 38,681 36,374
Straight-lining of rental income 5,924 4,297 2,347
Stock-based compensation expense 394 394 450
Change in fair value of marketable securities (see Note 5) 11,990 0 0
Change in operating assets and liabilities:      
Tenant and other receivables, net (1,382) 363 958
Other assets (1,197) (2,627) (9,894)
Amounts due to Vornado (1,907) 1,626 (1,913)
Accounts payable and accrued expenses (11,760) 211 16,049
Other liabilities 133 (28) (28)
Net cash provided by operating activities 73,538 123,426 130,820
CASH FLOWS FROM INVESTING ACTIVITIES      
Construction in progress and real estate additions (3,966) (3,434) (15,506)
Rego Park II loan participation 0 (200,000) 0
Repayment of Rego Park II loan participation 2,829 1,463 0
Net cash used in investing activities (1,137) (201,971) (15,506)
CASH FLOWS FROM FINANCING ACTIVITIES      
Debt repayments (160,142) (303,707) (3,440)
Proceeds from borrowing 78,246 500,000 0
Dividends paid (92,100) (86,961) (81,822)
Debt issuance costs (2,189) (12,186) (30)
Net cash (used in) provided by financing activities (176,185) 97,146 (85,292)
Net (decrease) increase in cash and cash equivalents and restricted cash (103,784) 18,601 30,022
Cash and cash equivalents and restricted cash at beginning of year 393,279 374,678 344,656
Cash and cash equivalents and restricted cash at end of year 289,495 393,279 374,678
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents at beginning of year 307,536 288,926 259,349
Restricted cash at beginning of year 85,743 85,752 85,307
Cash and cash equivalents and restricted cash at beginning of year 393,279 374,678 344,656
Cash and cash equivalents at end of year 283,056 307,536 288,926
Restricted cash at end of year 6,439 85,743 85,752
Cash and cash equivalents and restricted cash at end of year 289,495 393,279 374,678
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest 38,231 26,994 19,517
NON-CASH TRANSACTIONS      
Write-off of fully amortized and/or depreciated assets 16,090 4,265 1,691
Liability for real estate additions, including $125, $21, and $54 due to Vornado in 2018, 2017 and 2016, respectively $ 631 $ 705 $ 322