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Capital (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
Schedule of Equity Securities Repurchased | The following table summarizes our purchases of equity securities for the year ended December 31, 2021:
Period | Total Number of Shares Purchased |  | 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)
Year ended December 31, 2021 | 4,886,932 |  |  | $ | 9.56 |  |  | 4,886,932 |  |  | $ | 453,296 |
Schedule of Dividends Declared | The following table summarizes the distributions paid on our operating partnership units for the years ended December 31, 2021, 2020 and 2019:
Record Date |  | Payment Date |  | Amount per Operating Partnership Unit
December 20, 2021 |  | December 31, 2021 |  | $0.035
September 15, 2021 |  | September 30, 2021 |  | $0.035
June 15, 2021 |  | June 30, 2021 |  | $0.035
June 19, 2020 |  | June 30, 2020 |  | $0.105
March 16, 2020 |  | March 31, 2020 |  | $0.105
December 23, 2019 |  | December 31, 2019 |  | $0.105
September 16, 2019 |  | September 30, 2019 |  | $0.105
June 14, 2019 |  | June 28, 2019 |  | $0.105
March 15, 2019 |  | March 29, 2019 |  | $0.105
Schedule 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, 2021:
| ESRT Restricted Stock |  | LTIP Units |  | Weighted Average Grant Fair Value
Unvested balance at December 31, 2020 | 217,700 |  |  | 7,750,284 |  |  | $ | 6.94 |
Vested | (72,520) |  |  | (992,776) |  |  | 11.54 |
Granted | 120,313 |  |  | 2,230,579 |  |  | 8.52 |
Forfeited or unearned | (51,085) |  |  | (1,449,361) |  |  | 5.70 |
Unvested balance at December 31, 2021 | 214,408 |  |  | 7,538,726 |  |  | $ | 7.02 |
Schedule of Earnings Per Unit, Basic and Diluted | Earnings per unit for the years ended December 31, 2021, 2020 and 2019 is computed as follows (amounts in thousands, except per share amounts):
| For the Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Numerator: |  |  |  |  |
Net income (loss) | $ | (13,037) |  |  | $ | (22,889) |  |  | $ | 84,290 |
Private perpetual preferred unit distributions | (4,201) |  |  | (4,197) |  |  | (1,743) |
Earnings allocated to unvested shares | (340) |  |  | (985) |  |  | (885) |
Net income (loss) attributable to common unitholders - basic and diluted | $ | (17,578) |  |  | $ | (28,071) |  |  | $ | 81,662 |
Denominator: |  |  |  |  |
Weighted average units outstanding - basic | 277,420 |  |  | 283,826 |  |  | 297,798 |
Effect of dilutive securities: |  |  |  |  |
Stock-based compensation plans | — |  |  | 11 |  |  | — |
Weighted average shares outstanding - diluted | 277,420 |  |  | 283,837 |  |  | 297,798 |
Earnings per unit - basic and diluted | $ | (0.06) |  |  | $ | (0.10) |  |  | $ | 0.27 |

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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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