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Capital (Tables) | 12 Months Ended
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Dec. 31, 2014
Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract] |
Dividends Declared | The following table summarizes the dividends declared and paid on our operating partnership units for the year ended December 31, 2014 and the period from October 7, 2013 to December 31, 2013:
Declaration Date |  | Record Date |  | Payment Date |  | Amount per Operating Partnership Unit
December 1, 2014 |  | December 15, 2014 |  | December 31, 2014 |  | $0.0850
September 2, 2014 |  | September 15, 2014 |  | September 30, 2014 |  | $0.0850
May 22, 2014 |  | June 13, 2014 |  | June 30, 2014 |  | $0.0850
February 21, 2014 |  | March 14, 2014 |  | March 31, 2014 |  | $0.0850
December 5, 2013 |  | December 16, 2013 |  | December 30, 2013 |  | $0.0795 (1)
(1) Represents a pro-ration of a full quarter distribution of $0.085 per unit. The following table summarizes the dividends declared and paid on our Preferred Units for the year ended December 31, 2014:
Declaration Date |  | Record Date |  | Payment Date |  | Amount per Preferred Unit
December 1, 2014 |  | December 15, 2014 |  | December 31, 2014 |  | $0.1500
September 2, 2014 |  | September 15, 2014 |  | September 30, 2014 |  | $0.1500
Summary of Restricted Stock and Long-Term Incentive Plan Activity | The following is a summary of ESRT restricted stock and LTIP unit activity for the years ended December 31, 2014 and 2013:
| ESRT Restricted Stock |  | LTIP Units |  | Weighted Average Grant Price
Granted | 158,852 |  |  | 913,561 |  |  | $ | 13.00 |
Vested | (12,607 | ) |  | — |  |  | 13.00 |
Forfeited | (1,874 | ) |  | — |  |  | 13.00 |
Unvested balance at December 31, 2013 | 144,371 |  |  | 913,561 |  |  | $ | 13.00 |
Vested | (37,458 | ) |  | (191,043 | ) |  | 13.01 |
Granted | 17,262 |  |  | 488,613 |  |  | 15.04 |
Forfeited | (21,879 | ) |  | (16,471 | ) |  | 13.60 |
Unvested balance at December 31, 2014 | 102,296 |  |  | 1,194,660 |  |  | $ | 13.78 |
Schedule of Earnings Per Unit, Basic and Diluted | Earnings per unit for the year ended December 31, 2014 and for the period October 7, 2013 through December 31, 2013 is computed as follows (amounts in thousands, except per share amounts):
| Year ended December 31, 2014 |  | Period from October 7, 2013 through December 31, 2013
Numerator: |  |  |
Net income | $ | 70,210 |  |  | $ | 193,431 |
Preferred unit distributions | (476 | ) |  | — |
Earnings allocated to unvested shares | (482 | ) |  | (804 | )
Net income - basic and diluted | $ | 69,252 |  |  | $ | 192,627 |
Denominator: |  |  |
Weighted average units outstanding - basic and diluted | 254,506 |  |  | 244,420 |
Earnings per unit - basic and diluted | $ | 0.27 |  |  | $ | 0.79 |

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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