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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 62,626 $ 64,822
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 27,049 27,666
Straight-lining of rental income 3,223 1,594
Stock-based compensation expense 394 450
Changes in operating assets and liabilities:    
Tenant and other receivables, net (947) 1,081
Other assets (14,209) (23,088)
Amounts due to Vornado (334) (1,951)
Accounts payable and accrued expenses (5,571) 11,346
Other liabilities (21) (22)
Net cash provided by operating activities 72,210 81,898
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (3,155) (13,441)
Rego Park II loan participation payment (200,000) 0
Principal repayment proceeds from Rego Park II loan participation 725 0
Net cash used in investing activities (202,430) (13,441)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (302,754) (2,555)
Proceeds from borrowing 500,000 0
Dividends paid (65,218) (61,363)
Debt issuance costs (11,972) (16)
Net cash provided by (used in) financing activities 120,056 (63,934)
Net (decrease) increase in cash and cash equivalents and restricted cash (10,164) 4,523
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 364,514 349,179
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 280,010 264,147
Restricted cash at end of period 84,504 85,032
Cash and cash equivalents and restricted cash at end of period 364,514 349,179
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 19,358 14,469
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $24 and $92 for development fees due to Vornado in 2017 and 2016, respectively 124 1,053
Write-off of fully amortized and/or depreciated assets 4,265 1,691
Change in unrealized net gain or loss on available-for-sale securities $ (8,494) $ 96