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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 42,327 $ 43,786
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 17,334 18,981
Straight-lining of rental income 2,149 910
Stock-based compensation expense 394 450
Changes in operating assets and liabilities:    
Tenant and other receivables, net 280 1,495
Other assets (26,191) (34,112)
Amounts due to Vornado (319) (1,607)
Accounts payable and accrued expenses (155) 2,851
Other liabilities (14) (15)
Net cash provided by operating activities 35,805 32,739
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (2,205) (11,146)
Net cash used in investing activities (2,205) (11,146)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (301,819) (1,687)
Proceeds from borrowing 500,000 0
Dividends paid (43,474) (40,905)
Debt issuance costs (11,962) (16)
Net cash provided by (used in) financing activities 142,745 (42,608)
Net increase (decrease) in cash and cash equivalents and restricted cash 176,345 (21,015)
Cash and cash equivalents and restricted cash at beginning of period 374,678 344,656
Cash and cash equivalents and restricted cash at end of period 551,023 323,641
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 288,926 259,349
Restricted cash at beginning of period 85,752 85,307
Cash and cash equivalents and restricted cash at beginning of period 374,678 344,656
Cash and cash equivalents at end of period 466,456 235,753
Restricted cash at end of period 84,567 87,888
Cash and cash equivalents and restricted cash at end of period 551,023 323,641
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 11,758 9,496
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $27 and $74 for development fees due to Vornado in 2017 and 2016, respectively 115 1,401
Write-off of fully amortized and/or depreciated assets 4,265 1,591
Change in unrealized net gain on available-for-sale securities $ (6,841) $ 2,515