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Capital (Tables) | 3 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
Schedule of Equity Securities Repurchased | The following table summarizes ESRT's purchases of equity securities in each of the three months ended March 31, 2021:
Period | Total Number of Shares Purchased |  | Weighted Average Price Paid per Share |  | Total Number of Shares Purchased as Part of Publicly Announced Plan |  | Maximum Approximate Dollar Value Available for Future Purchase (in thousands)
January 2021 | 337,339 |  |  | $ | 9.17 |  |  | 337,339 |  |  | $ | 496,908 |
February 2021 | 45,732 |  |  | $ | 9.65 |  |  | 45,732 |  |  | $ | 496,467 |
March 2021 | — |  |  | $ | — |  |  | — |  |  | $ | 496,467 |
Summary of ERST Restricted Stock and LTIP Unit Activity | The following is a summary of ESRT restricted stock and LTIP unit activity for the three months ended March 31, 2021:
| Restricted Stock |  | LTIP Units |  | Weighted Average Grant Fair Value
Unvested balance at December 31, 2020 | 217,700 |  |  | 7,750,284 |  |  | $ | 6.94 |
Vested | (70,338) |  |  | (847,406) |  |  | 11.94 |
Granted | 120,895 |  |  | 2,059,840 |  |  | 8.38 |
Forfeited or unearned | (9,495) |  |  | (1,417,107) |  |  | 5.47 |
Unvested balance at March 31, 2021 | 258,762 |  |  | 7,545,611 |  |  | $ | 7.02 |
Earnings Per Unit | Earnings per unit for the three months ended March 31, 2021 and 2020 is computed as follows (amounts in thousands, except per share amounts):
|  |  | Three Months Ended
|  |  |  |  | March 31, 2021 |  | March 31, 2020
Numerator: |  |  |  |  |  |  |
Net income (loss) |  |  |  |  | $ | (3,191) |  |  | $ | 8,288 |
Private perpetual preferred unit distributions |  |  |  |  | (1,050) |  |  | (1,050) |
Earnings allocated to unvested units |  |  |  |  | — |  |  | (257) |
Net income (loss) attributable to common unitholders – basic and diluted |  |  |  |  | $ | (4,241) |  |  | $ | 6,981 |
Denominator: |  |  |  |  |  |  |
Weighted average units outstanding – basic |  |  |  |  | 277,881 |  |  | 292,645 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock-based compensation plans |  |  |  |  | — |  |  | — |
Weighted average units outstanding –- diluted |  |  |  |  | 277,881 |  |  | 292,645 |
Earnings (loss) per share: |  |  |  |  |  |  |
Basic |  |  |  |  | $ | (0.02) |  |  | $ | 0.02 |
Diluted |  |  |  |  | $ | (0.02) |  |  | $ | 0.02 |

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653 + Details
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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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