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Capital (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Schedule of Equity Securities Repurchased | The following table summarizes ESRT's purchases of equity securities in each of the three months ended June 30, 2022:
Period | Total Number of Shares Purchased |  | Weighted Average Price Paid per Share |  | Maximum Approximate Dollar Value Available for Future Purchase (in thousands)
April 2022 | 2,308,026 |  |  | $ | 8.95 |  |  | $ | 467,350 |
May 2022 | 1,050,731 |  |  | $ | 8.09 |  |  | $ | 458,849 |
June 2022 | 3,252,202 |  |  | $ | 7.16 |  |  | $ | 435,560 |
Schedule of ERST Restricted Stock and LTIP Unit Activity | The following is a summary of ESRT restricted stock and LTIP unit activity for the six months ended June 30, 2022:
| Restricted Stock |  | Time-based LTIPs |  | Market-based LTIPs |  | Performance-based LTIPs |  | Weighted Average Grant Fair Value
Unvested balance at December 31, 2021 | 214,408 |  |  | 2,499,592 |  |  | 5,039,134 |  |  | — |  |  | $ | 7.02 |
Vested | (67,654) |  |  | (1,052,119) |  |  | — |  |  | — |  |  | 9.95 |
Granted | 232,448 |  |  | 1,514,434 |  |  | 780,155 |  |  | 578,943 |  |  | 7.21 |
Forfeited or unearned | (9,874) |  |  | — |  |  | (1,311,839) |  |  | — |  |  | 7.20 |
Unvested balance at June 30, 2022 | 369,328 |  |  | 2,961,907 |  |  | 4,507,450 |  |  | 578,943 |  |  | $ | 6.67 |
Schedule of Earnings Per Unit | Earnings per unit for the three and six months ended June 30, 2022 and 2021 is computed as follows (amounts in thousands, except per share amounts):
| Three Months Ended |  | Six Months Ended
| June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021
Numerator: |  |  |  |  |  |  |
Net income | $ | 48,695 |  |  | $ | 4,411 |  |  | $ | 31,474 |  |  | $ | 1,220 |
Private perpetual preferred unit distributions | (1,051) |  |  | (1,051) |  |  | (2,101) |  |  | (2,101) |
Net loss attributable to non-controlling interests in other partnerships | 159 |  |  | — |  |  | 222 |  |  | — |
Earnings allocated to unvested units | (670) |  |  | (113) |  |  | (759) |  |  | (113) |
Net income (loss) attributable to common unitholders – basic and diluted | $ | 47,133 |  |  | $ | 3,247 |  |  | $ | 28,836 |  |  | $ | (994) |
Denominator: |  |  |  |  |  |  |
Weighted average units outstanding – basic | 270,078 |  |  | 277,893 |  |  | 271,834 |  |  | 277,887 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock-based compensation plans | 7 |  |  | 543 |  |  | 3 |  |  | — |
Weighted average units outstanding –- diluted | 270,085 |  |  | 278,436 |  |  | 271,837 |  |  | 277,887 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.17 |  |  | $ | 0.01 |  |  | $ | 0.11 |  |  | $ | 0.00 |
Diluted | $ | 0.17 |  |  | $ | 0.01 |  |  | $ | 0.11 |  |  | $ | 0.00 |

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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 https://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653 + 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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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