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Consolidated and Combined Statements of Changes in Equity - USD ($)
Total
Commonwealth of Puerto Rico
Common Shares
Additional Paid-In Capital
Vornado Equity
Vornado Equity
Commonwealth of Puerto Rico
Accumulated Earnings (Deficit)
Redeemable NCI
Redeemable NCI
OPP Units
NCI in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2012     0              
Beginning balance at Dec. 31, 2012 $ 389,888,000   $ 0 $ 0 $ 389,590,000   $ 0 $ 0   $ 298,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) attributable to Vornado 109,314,000       109,314,000          
Net income attributable to noncontrolling interests 21,000                 21,000
Distributions to Vornado, net $ (157,639,000)       (157,639,000)          
Common shares issued:                    
Under Omnibus share plan (in shares) 0                  
Ending balance (in shares) at Dec. 31, 2013     0              
Ending balance at Dec. 31, 2013 $ 341,584,000   $ 0 0 341,265,000   0 0   319,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) attributable to Vornado 65,772,000       65,772,000          
Net income attributable to noncontrolling interests 22,000                 22,000
Distributions to Vornado, net $ (148,515,000)       (148,515,000)          
Common shares issued:                    
Under Omnibus share plan (in shares) 0                  
Ending balance (in shares) at Dec. 31, 2014     0              
Ending balance at Dec. 31, 2014 $ 258,863,000   $ 0 0 258,522,000   0 0   341,000
Common shares issued:                    
Deferred tax liability, net 0 $ 3,730,000       $ 3,700,000        
Net income (loss) attributable to Vornado [1] 38,785,000       (2,022,000)   40,807,000      
Net income attributable to noncontrolling interests 2,563,000             2,547,000   16,000
Limited partnership units issued to Vornado at separation 0       27,649,000     (27,649,000)    
Contributions from Vornado [2] 245,067,000       245,067,000          
Issuance of shares in connection with separation (shares)     99,247,806              
Issuance of shares in connection with separation $ 0   $ 993,000 472,925,000 (473,918,000)          
Under Omnibus share plan (in shares) 2,302,762   31,739              
Under Omnibus share plan $ 0     0            
Under dividend reinvestment plan (shares)     11,407              
Under dividend reinvestment plan 0     258,000     (258,000)      
Dividends on common shares ($0.80 per share) (79,167,000)           (79,167,000)      
Share-based compensation expense 10,261,000     2,186,000     176,000 7,899,000    
Distributions to redeemable NCI ($0.80 per unit) [3] $ (4,918,000)             (4,918,000) $ (6,400)  
Ending balance (in shares) at Dec. 31, 2015 99,290,952   99,290,952              
Ending balance at Dec. 31, 2015 $ 471,454,000   $ 993,000 $ 475,369,000 $ 0   $ (38,442,000) $ 33,177,000   $ 357,000
Common shares issued:                    
Distribution to share-based awards, as a percent of dividends paid to common shares [3]                 10.00%  
Deferred tax liability, net $ 3,607,000 $ 3,607,000                
[1] Net loss earned from January 1, 2015 through January 15, 2015 is attributable to Vornado as it was the sole shareholder prior to January 15, 2015. Refer to Note 1 - Organization
[2] Included in Contributions from Vornado is a $3.7 million deferred tax liability related to our properties in Puerto Rico. Refer to Note 8 - Income Taxes.
[3] Included in Distributions to redeemable NCI are distributions to Outperformance Plan Units(“OPP”) Units which are equivalent to 10% of dividends paid on common shares, or $6.4 thousand.