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Capital (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 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)
July 2021 | — |  |  | $ | — |  |  | — |  |  | $ | 496,467 |
August 2021 | 403,831 |  |  | $ | 10.54 |  |  | 403,831 |  |  | $ | 492,212 |
September 2021 | 221,771 |  |  | $ | 10.17 |  |  | 221,771 |  |  | $ | 489,958 |
Summary of ERST Restricted Stock and LTIP Unit Activity | The following is a summary of ESRT restricted stock and LTIP unit activity for the nine months ended September 30, 2021:
| Restricted Stock |  | LTIP Units |  | Weighted Average Grant Fair Value
Unvested balance at December 31, 2020 | 217,700 |  |  | 7,750,284 |  |  | $ | 6.94 |
Vested | (71,944) |  |  | (992,776) |  |  | 11.53 |
Granted | 123,359 |  |  | 2,230,579 |  |  | 8.52 |
Forfeited or unearned | (41,950) |  |  | (1,449,361) |  |  | 5.67 |
Unvested balance at September 30, 2021 | 227,165 |  |  | 7,538,726 |  |  | $ | 7.03 |
Earnings Per Unit | Earnings per unit for the three and nine months ended September 30, 2021 and 2020 is computed as follows (amounts in thousands, except per share amounts):
| Three Months Ended |  | Nine Months Ended
| September 30, 2021 |  | September 30, 2020 |  | September 30, 2021 |  | September 30, 2020
Numerator: |  |  |  |  |  |  |
Net loss | $ | (10,183) |  |  | $ | (12,269) |  |  | $ | (8,963) |  |  | $ | (23,599) |
Private perpetual preferred unit distributions | (1,050) |  |  | (1,050) |  |  | (3,151) |  |  | (3,147) |
Earnings allocated to unvested units | (114) |  |  | (342) |  |  | (227) |  |  | (985) |
Net loss attributable to common unitholders – basic and diluted | $ | (11,347) |  |  | $ | (13,661) |  |  | $ | (12,341) |  |  | $ | (27,731) |
Denominator: |  |  |  |  |  |  |
Weighted average units outstanding – basic | 277,716 |  |  | 280,940 |  |  | 277,829 |  |  | 285,640 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock-based compensation plans | — |  |  | — |  |  | — |  |  | — |
Weighted average units outstanding –- diluted | 277,716 |  |  | 280,940 |  |  | 277,829 |  |  | 285,640 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | (0.04) |  |  | $ | (0.05) |  |  | $ | (0.04) |  |  | $ | (0.10) |
Diluted | $ | (0.04) |  |  | $ | (0.05) |  |  | $ | (0.04) |  |  | $ | (0.10) |

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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=124432515&loc=d3e3550-109257 + Details
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