XML 46 R33.htm IDEA: XBRL DOCUMENT v3.6.0.2

Capital (Tables)

12 Months Ended

Dec. 31, 2016

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 paid on our operating partnership units for the years ended December 31, 2016, 2015 and 2014:

Record Date		Payment Date		Amount per Operating Partnership Unit
December 15, 2016		December 29, 2016		$0.105
September 19, 2016		September 30, 2016		$0.105
June 15, 2016		June 30, 2016		$0.105
March 16, 2016		March 31, 2016		$0.085
December 15, 2015		December 31, 2015		$0.085
September 15, 2015		September 30, 2015		$0.085
June 15, 2015		June 30, 2015		$0.085
March 13, 2015		March 31, 2015		$0.085
December 15, 2014		December 31, 2014		$0.085
September 15, 2014		September 30, 2014		$0.085
June 13, 2014		June 30, 2014		$0.085
March 14, 2014		March 31, 2014		$0.085

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 year ended December 31, 2016:

	ESRT Restricted Stock			LTIP Units			Weighted Average Grant Fair Value
Unvested balance at December 31, 2015	97,592			1,415,895			$	11.04
Vested	(36,592	)		(402,895	)		11.69
Granted	47,071			1,868,629			9.58
Forfeited	(278	)		—			17.97
Unvested balance at December 31, 2016	107,793			2,881,629			$	10.01

Schedule of Earnings Per Unit, Basic and Diluted

Earnings per unit for the years ended December 31, 2016, 2015 and 2014 is computed as follows (amounts in thousands, except per share amounts):

	Year ended December 31, 2016				Year ended December 31, 2015				Year ended December 31, 2014
Numerator:
Net income	$	107,250			$	79,928			$	70,210
Private perpetual preferred unit distributions	(936		)		(936		)		(476		)
Earnings allocated to unvested shares	(747		)		(550		)		(482		)
Net income attributable to common unitholders - basic and diluted	$	105,567			$	78,442			$	69,252
Denominator:
Weighted average units outstanding - basic	276,848				265,914				254,506
Effect of dilutive securities:
Stock-based compensation plans	454				—				—
Exchangeable senior notes	266				—				—
Weighted average shares outstanding - diluted	277,568				265,914				254,506
Earnings per unit - basic and diluted	$	0.38			$	0.29			$	0.27

X

- Definition

Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract]

+ References

No definition available.

+ Details

Name:	esrt_StockholdersEquityNoteDisclosureDisclosureofCompensationRelatedCostsSharebasedPaymentsandEarningsPerShareAbstract
Namespace Prefix:	esrt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: 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

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

+ References

No definition available.

+ Details

Name:	us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration