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Segment Reporting
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
We have identified two reportable segments: (1) Real Estate and (2) Observatory. Our real estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of our real estate assets. Our observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. These two lines of businesses are managed separately because each business requires different support infrastructures, provides different services and has dissimilar economic characteristics such as investments needed, stream of revenues and different marketing strategies. We account for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. We include our construction operation in "Other" and it includes all activities related to providing construction services to tenants and to other entities within and outside our company.

The following tables provides components of segment profit for each segment for the years ended December 31, 2013, 2012 and 2011, as reviewed by management (amounts in thousands):
 
Period from October 7, 2013 through December 31, 2013
 
Real Estate
 
Observatory
 
Other
 
Totals
Revenues from external customers
$
98,564

 
$
23,735

 
$
5,264

 
$
127,563

Intersegment revenues
20,134

(1) 
—

 
1,537

 
21,671

Total revenues
118,698

 
23,735

 
6,801

 
149,234

All operating expenses, excluding noncash items
(51,643
)
 
(25,743
)
 
(6,792
)
 
(84,178
)
Interest expense
(13,147
)
 
—

 
—

 
(13,147
)
Depreciation and amortization expense
(27,376
)
 
(4
)
 
(5
)
 
(27,385
)
Segment profit (loss)
$
26,532

 
$
(2,012
)
 
$
4

 
$
24,524

Segment assets
$
2,218,143

 
$
249,084

 
$
8,834

 
$
2,476,061

Expenditures for segment assets
$
56,434

 
$
—

 
$
—

 
$
56,434

___________
(1)
The observatory pays a market-based rent payment comprised of fixed and percentage rent to the Empire State Building.

 
Period from January 1, 2013 through October 6, 2013
 
Real Estate
 
Other
 
Totals
Revenues from external customers
$
187,284

 
$
18,636

 
$
205,920

Intersegment revenues
56

 
6,837

 
6,893

Total revenues
187,340

 
25,473

 
212,813

All operating expenses, excluding noncash items
(65,628
)
 
(25,824
)
 
(91,452
)
Interest expense
(50,660
)
 
—

 
(50,660
)
Depreciation and amortization expense
(38,963
)
 
(19
)
 
(38,982
)
Equity in net income of non-controlled entities
14,875

 
—

 
14,875

Segment profit
$
46,964

 
$
(370
)
 
$
46,594

Segment assets
$
1,023,333

 
$
10,585

 
$
1,033,918

Investment in non-controlled entities
$
88,304

 
$
—

 
$
88,304

Expenditures for segment assets
$
55,820

 
$
130

 
$
55,950


 
2012
 
Real Estate
 
Other
 
Totals
Revenues from external customers
$
241,292

 
$
18,902

 
$
260,194

Intersegment revenues
74

 
5,714

 
5,788

Total revenues
241,366

 
24,616

 
265,982

All operating expenses, excluding noncash items
(85,848
)
 
(24,734
)
 
(110,582
)
Interest expense
(54,394
)
 
—

 
(54,394
)
Depreciation and amortization expense
(42,661
)
 
(29
)
 
(42,690
)
Equity in net income of non-controlled entities
14,348

 
—

 
14,348

Segment profit (loss)
$
72,811

 
$
(147
)
 
$
72,664

Segment assets
$
964,160

 
$
11,514

 
$
975,674

Investment in non-controlled entities
$
76,879

 
$
—

 
$
76,879

Expenditures for segment assets
$
87,659

 
$
—

 
$
87,659




 
2011
 
Real Estate
 
Other
 
Totals
Revenues from external customers
$
247,191

 
$
47,560

 
$
294,751

Intersegment revenues
73

 
6,476

 
6,549

Total revenues
247,264

 
54,036

 
301,300

All operating expenses, excluding noncash items
(85,833
)
 
(52,122
)
 
(137,955
)
Interest expense
(54,746
)
 
—

 
(54,746
)
Depreciation and amortization expense
(35,481
)
 
(32
)
 
(35,513
)
Equity in net income of non-controlled entities
3,893

 
—

 
3,893

Segment profit (loss)
$
75,097

 
$
1,882

 
$
76,979

Segment assets
$
916,617

 
$
15,728

 
$
932,345

Investment in non-controlled entities
$
72,626

 
$
—

 
$
72,626

Expenditures for segment assets
$
60,582

 
$
—

 
$
60,582


The following table provides a reconciliation of segment data to the combined financial statements:
 
Company
 
Predecessor
  
Period from October 7, 2013 through December 31, 2013
 
Period from January 1, 2013 through October 6, 2013
 
2012
 
2011
Revenue reconciliation
 
 
 
 
 
 
 
Total revenues for reportable segments
$
149,234

 
$
212,813

 
$
265,982

 
$
301,300

Other revenues
20

 
152

 
100

 
37

Elimination for intersegment revenues
(21,671
)
 
(6,893
)
 
(5,788
)
 
(6,549
)
Total combined revenues
$
127,583

 
$
206,072

 
$
260,294

 
$
294,788

Profit or loss
 
 
 
 
 
 
 
Total profit or loss for reportable segments
$
24,524

 
$
46,594

 
$
72,664

 
$
76,979

Other profit or loss items
(15,329
)
 
(23,600
)
 
(20,963
)
 
(15,541
)
Formation transaction expenses
—

 
(4,507
)
 
(2,247
)
 
(2,845
)
Elimination for intersegment profit or loss
(207
)
 
(871
)
 
(911
)
 
(959
)
Unallocated amounts:
 
 
 
 
 
 
 
Investment income
20

 
152

 
100

 
37

Settlement expense
—

 
(55,000
)
 
—

 
—

Aircraft expenses
—

 
—

 
—

 
(274
)
Acquisition expenses
(138,140
)
 
—

 
—

 
—

Gain on consolidation of non-controlled entities
322,563

 
—

 
—

 
—

Net income
193,431

 
$
(37,232
)
 
$
48,643

 
$
57,397

Net income attributable to non-controlling interests
(118,186
)
 
 
 
 
 
 
Net income attributable to Empire State Realty Trust, Inc.
$
75,245