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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,870 $ 42,327
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 19,740 17,334
Straight-lining of rental income 2,038 2,149
Stock-based compensation 394 394
Change in fair value of marketable securities (see Note 7) 4,737 0
Changes in operating assets and liabilities:    
Tenant and other receivables, net (329) 280
Other assets (8,785) (26,191)
Amounts due to Vornado (2,064) (319)
Accounts payable and accrued expenses (382) (155)
Other liabilities 10,246 (14)
Net cash provided by operating activities 33,465 35,805
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (1,789) (2,205)
Principal repayment proceeds from Rego Park II loan participation 1,519 0
Net cash used in investing activities (270) (2,205)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (158,452) (301,819)
Proceeds from borrowing 78,246 500,000
Dividends paid (46,044) (43,474)
Debt issuance costs (141) (11,962)
Net cash (used in) provided by financing activities (126,391) 142,745
Net (decrease) increase in cash and cash equivalents and restricted cash (93,196) 176,345
Cash and cash equivalents and restricted cash at beginning of period 393,279 374,678
Cash and cash equivalents and restricted cash at end of period 300,083 551,023
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 307,536 288,926
Restricted cash at beginning of period 85,743 85,752
Cash and cash equivalents and restricted cash at beginning of period 393,279 374,678
Cash and cash equivalents at end of period 293,840 466,456
Restricted cash at end of period 6,243 84,567
Cash and cash equivalents and restricted cash at end of period 300,083 551,023
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 17,782 11,758
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $29 and $27 for development fees due to Vornado in 2018 and 2017, respectively 209 115
Write-off of fully amortized and/or depreciated assets $ 13,742 $ 4,265