XML 61 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Basis of Presentation and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Reconciliation of net income attributable to common shareholders to estimated taxable income
The following table reconciles net income attributable to Vornado common shareholders to estimated taxable income for the years ended December 31, 2017, 2016 and 2015.
 
(Amounts in thousands)
For the Year Ended December 31,
 
2017
 
2016
 
2015
 
Net income attributable to Vornado common shareholders
$
162,017

 
$
823,606

 
$
679,856

 
Book to tax differences (unaudited):
 
 
 
 
 
 
Depreciation and amortization
213,083

 
302,092

 
227,297

 
Impairment losses
49,062

 
170,332

 
20,281

 
Straight-line rent adjustments
(36,696
)
 
(137,941
)
 
(144,727
)
 
Tax expense related to the reduction of the value of our taxable REIT subsidiaries'
     deferred tax assets
32,663

 

 
(84,862
)
 
Sale of real estate and other capital transactions
11,991

 
(39,109
)
 
320,326

 
Vornado stock options
(6,383
)
 
(3,593
)
 
(8,278
)
 
Earnings of partially owned entities
(3,054
)
 
(149,094
)
 
(5,299
)
 
Net gain on extinguishment of Skyline properties debt

 
(457,970
)
 

 
Tangible property regulations

 

 
(575,618
)
(1) 
Other, net
25,057

 
9,121

 
58,748

 
Estimated taxable income (unaudited)
$
447,740

 
$
517,444

 
$
487,724

 
____________________________________
(1)
Represents one-time deductions pursuant to the implementation of the tangible property regulations issued by the Internal Revenue Service.