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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 43,786 $ 35,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 18,981 16,061
Straight-lining of rental income 910 (943)
Stock-based compensation expense 450 600
Change in operating assets and liabilities:    
Tenant and other receivables, net 1,495 (997)
Other assets (34,112) (23,769)
Amounts due to Vornado (1,607) (84)
Accounts payable and accrued expenses 2,851 (1,002)
Other liabilities (15) (15)
Net cash provided by operating activities 32,739 25,014
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (11,146) (29,356)
Change in restricted cash (2,581) 116
Proceeds from maturing short-term investments 0 24,998
Net cash used in investing activities (13,727) (4,242)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (1,687) (1,567)
Dividends paid (40,905) (35,780)
Debt issuance costs (16) (10)
Net cash used in financing activities (42,608) (37,357)
Net decrease in cash and cash equivalents (23,596) (16,585)
Cash and cash equivalents at beginning of period 259,349 227,815
Cash and cash equivalents at end of period 235,753 211,230
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, excluding capitalized interest of $1,017 in 2015 9,496 12,518
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $74 and $5,042 for development fees due to Vornado in 2016 and 2015, respectively 1,401 15,662
Write-off of fully amortized and/or depreciated assets $ 1,591 $ 83