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(Loss) Income Per Share /(Loss) Income Per Class A Unit
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
(Loss) Income Per Share /(Loss) Income Per Class A Unit (Loss) Income Per Share/(Loss) Income Per Class A Unit
Vornado Realty Trust
The following table presents the calculations of (i) basic (loss) income per common share which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares and (ii) diluted (loss) income per common share which includes the weighted average common shares and dilutive share equivalents. Unvested share-based payment awards that contain nonforfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include restricted stock awards, based on the two-class method. Other potential dilutive share equivalents such as our employee stock options, OP Units, OPPs, AO LTIP Units and Performance Conditioned AO LTIP Units are included in the computation of diluted Earnings Per Share ("EPS") using the treasury stock method, while the dilutive effect of our Series A convertible preferred shares is reflected in diluted EPS by application of the if-converted method.
(Amounts in thousands, except per share amounts)For the Year Ended December 31,
 202020192018
Numerator:   
(Loss) income from continuing operations, net of loss (income) attributable to noncontrolling interests$(297,005)$3,147,965 $449,356 
(Loss) income from discontinued operations— (28)598 
Net (loss) income attributable to Vornado(297,005)3,147,937 449,954 
Preferred share dividends(51,739)(50,131)(50,636)
Preferred share issuance costs— — (14,486)
Net (loss) income attributable to common shareholders(348,744)3,097,806 384,832 
Earnings allocated to unvested participating securities(99)(309)(44)
Numerator for basic (loss) income per share(348,843)3,097,497 384,788 
Impact of assumed conversions:
Convertible preferred share dividends— 57 62 
Earnings allocated to Out-Performance Plan units— 9 174 
Numerator for diluted (loss) income per share$(348,843)$3,097,563 $385,024 
Denominator:
Denominator for basic (loss) income per share – weighted average shares 191,146 190,801 190,219 
Effect of dilutive securities(1):
Employee stock options and restricted stock awards— 216 933 
Convertible preferred shares— 34 37 
Out-Performance Plan units— 2 101 
Denominator for diluted (loss) income per share – weighted average shares and assumed conversions191,146 191,053 191,290 
(LOSS) INCOME PER COMMON SHARE - BASIC:
Net (loss) income per common share$(1.83)$16.23 $2.02 
(LOSS) INCOME PER COMMON SHARE - DILUTED:
Net (loss) income per common share$(1.83)$16.21 $2.01 
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(1)The effect of dilutive securities excluded an aggregate of 14,007, 13,020 and 12,232 weighted average common share equivalents in the years ended December 31, 2020, 2019 and 2018, respectively, as their effect was anti-dilutive.
 
19.    (Loss) Income Per Share/(Loss) Income Per Class A Unit – continued
Vornado Realty L.P.
The following table presents the calculations of (i) basic (loss) income per Class A unit which includes the weighted average number of Class A units outstanding without regard to dilutive potential Class A units and (ii) diluted (loss) income per Class A unit which includes the weighted average Class A unit and dilutive Class A unit equivalents. Unvested share-based payment awards that contain non-forfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include Vornado restricted stock awards, OP Units and OPPs, based on the two-class method. Other potential dilutive unit equivalents such as Vornado stock options, AO LTIP Units and Performance Conditioned AO LTIP Units are included in the computation of diluted income per unit ("EPU") using the treasury stock method, while the dilutive effect of our Series A convertible preferred units is reflected in diluted EPU by application of the if-converted method.
(Amounts in thousands, except per unit amounts)For the Year Ended December 31,
 202020192018
Numerator:   
(Loss) income from continuing operations, net of loss attributable to noncontrolling interests in consolidated subsidiaries$(321,951)$3,358,839 $474,988 
(Loss) income from discontinued operations— (30)638 
Net (loss) income attributable to Vornado Realty L.P.(321,951)3,358,809 475,626 
Preferred unit distributions(51,904)(50,296)(50,830)
Preferred unit issuance costs— — (14,486)
Net (loss) income attributable to Class A unitholders(373,855)3,308,513 410,310 
Earnings allocated to unvested participating securities(5,417)(17,296)(2,973)
Numerator for basic (loss) income per Class A unit(379,272)3,291,217 407,337 
Impact of assumed conversions:
Convertible preferred unit distributions— 57 62 
Numerator for diluted (loss) income per Class A unit$(379,272)$3,291,274 $407,399 
Denominator:
Denominator for basic (loss) income per Class A unit – weighted average units203,503 202,947 202,068 
Effect of dilutive securities(1):
Vornado stock options, Vornado restricted stock awards, OP Units, AO LTIP Units and OPPs— 267 1,307 
Convertible preferred units— 34 37 
Denominator for diluted (loss) income per Class A unit – weighted average units and assumed conversions203,503 203,248 203,412 
(LOSS) INCOME PER CLASS A UNIT - BASIC:
(Loss) income from continuing operations, net$(1.86)$16.22 $2.01 
Income from discontinued operations, net— — 0.01 
Net (loss) income per Class A unit$(1.86)$16.22 $2.02 
(LOSS) INCOME PER CLASS A UNIT - DILUTED:
Net (loss) income per Class A unit$(1.86)$16.19 $2.00 
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(1)The effect of dilutive securities excluded an aggregate of 1,650, 825 and 110 weighted average Class A unit equivalents in the years ended December 31, 2020, 2019 and 2018 respectively, as their effect was anti-dilutive.