XML 68 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Capital (Tables)
3 Months Ended
Mar. 31, 2015
Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract]  
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 three months ended March 31, 2015:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2014
102,296

 
1,194,660

 
$
13.78

Vested
(6,261
)
 
(50,932
)
 
14.76

Granted
28,630

 
426,098

 
18.14

Forfeited
(3,255
)
 

 
13.77

Unvested balance at March 31, 2015
121,410

 
1,569,826

 
$
14.92

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the three months ended March 31, 2015 and 2014 is computed as follows (amounts in thousands, except per unit amounts):
 
Three Months Ended
 
March 31, 2015
 
March 31, 2014
Numerator:
 
 
 
Net income
7,888

 
11,231

Private perpetual preferred unit distributions
(234
)
 

Earnings allocated to unvested units
(144
)
 
(122
)
Net income attributable to common unitholders - basic and diluted
$
7,510

 
$
11,109

 
 
 
 
Denominator -

 

Weighted average units outstanding - basic and diluted
265,810

 
244,425

 
 
 
 
Earnings per unit - basic and diluted
$
0.03

 
$
0.05