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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 81,046 $ 67,445 $ 132,941
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (including amortization of debt issuance costs) 37,086 34,849 30,445
Straight-lining of rental income (12,609) (15,182) (23,381)
Reversal of income tax liability (2,561) (5,113) (42,472)
Liability for stock appreciation rights 0 0 (34,275)
Stock-based compensation expense 300 0 0
Other non-cash adjustments 0 1,238 1,884
Changes in operating assets and liabilities:      
Accounts receivable, net 1,672 (2,065) 4,421
Other assets (5,484) (6,068) (12,421)
Payment for stock appreciation rights 0 0 (22,838)
Accounts payable and accrued expenses (4,547) 13,273 4,668
Income tax liability of taxable REIT subsidiary 87 704 2,054
Amounts due to Vornado (2,445) (12,881) (1,344)
Other liabilities (31) (178) (103)
Net cash provided by operating activities 92,514 76,022 39,579
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from maturing short-term investments 23,000 40,000 15,000
Construction in progress and real estate additions (14,415) (42,310) (74,855)
Purchases of short-term investments (5,000) (23,000) (55,000)
Restricted cash (3,202) 5,917 (86,427)
Net cash provided by (used in) investing activities 383 (19,393) (201,282)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings 593,000 34,828 162,961
Debt repayments (508,479) (68,619) (105,252)
Dividends paid (61,277) (38,295) 0
Debt issuance costs (6,142) (57) (146)
Distributions to the noncontrolling interest (600) 0 0
Excercise of stock options 0 0 934
Net cash provided by (used in) financing activities 16,502 (72,143) 58,497
Net increase (decrease) in cash and cash equivalents 109,399 (15,514) (103,206)
Cash and cash equivalents at beginning of year 397,220 412,734 515,940
Cash and cash equivalents at end of year 506,619 397,220 412,734
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest (of which $1,269 and $3,452 were capitalized in 2010 and 2009, respectively) 53,343 52,889 57,906
Non-cash additions to real estate included in accounts payable and accrued expenses 3,052 0 22,409
Write-off of fully amortized and/or depreciated assets $ 6,799 $ 0 $ 0