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Capital (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Equity Securities Repurchased The following table summarizes our purchases of equity securities for the year ended December 31, 2020:
PeriodTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced PlanMaximum Approximate Dollar Value Available for Future Purchase (in thousands)
Year ended December 31, 202017,279,252 $8.32 17,279,252 $356,287 
Dividends Declared The following table summarizes the distributions paid on our operating partnership units for the years ended December 31, 2020, 2019 and 2018:
Record DatePayment DateAmount per Operating Partnership Unit
June 19, 2020June 30, 2020$0.105
March 16, 2020March 31, 2020$0.105
December 23, 2019December 31, 2019$0.105
September 16, 2019September 30, 2019$0.105
June 14, 2019June 28, 2019$0.105
March 15, 2019March 29, 2019$0.105
December 17, 2018December 31, 2018$0.105
September 14, 2018September 28, 2018$0.105
June 15, 2018June 29, 2018$0.105
March 15, 2018March 30, 2018$0.105
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, 2020:
ESRT Restricted StockLTIP UnitsWeighted Average Grant Fair Value
Unvested balance at December 31, 2019118,918 5,986,569 $9.73 
Vested(58,326)(1,052,692)14.04 
Granted161,449 5,042,810 5.44 
Forfeited or unearned(4,341)(2,226,403)7.55 
Unvested balance at December 31, 2020217,700 7,750,284 $6.94 
Schedule of Earnings Per Unit, Basic and Diluted Earnings per unit for the years ended December 31, 2020, 2019 and 2018 is computed as follows (amounts in thousands, except per share amounts):
For the Year Ended December 31,
202020192018
Numerator:
Net income (loss)$(22,889)$84,290 $117,253 
Private perpetual preferred unit distributions(4,197)(1,743)(936)
Earnings allocated to unvested shares(985)(885)(851)
Net income (loss) attributable to common unitholders - basic and diluted$(28,071)$81,662 $115,466 
Denominator:
Weighted average units outstanding - basic283,826 297,798 297,258 
Effect of dilutive securities:
   Stock-based compensation plans11 — 1 
Weighted average shares outstanding - diluted283,837 297,798 297,259 
Earnings per unit - basic and diluted$(0.10)$0.27 $0.39