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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental income $ 409,071 $ 570,382 $ 691,699
Tenant reimbursements and other income 91,609 144,509 170,158
Total revenues 500,680 714,891 861,857
Expenses:      
Operating expenses 200,706 324,948 387,982
Depreciation and amortization 131,806 194,001 227,532
General and administrative 50,256 57,457 113,155
Loss on asset impairment 58,476 17,162 185,067
Acquisition related costs 0 0 5
Total expenses 441,244 593,568 913,741
Operating income (loss) 59,436 121,323 (51,884)
Interest and other income 10,331 5,989 1,561
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $3,725, $1,028, and $(549), respectively) (84,329) (107,316) (143,230)
(Loss) gain on early extinguishment of debt (2,680) 6,661 4,909
Gain on sale of equity investment 0 0 171,561
Gain on issuance of shares by an equity investee 0 0 17,020
Foreign currency exchange loss (5) (8,857) 0
Gain on sale of properties, net 250,886 84,421 0
Income (loss) from continuing operations before income taxes and equity in earnings of investees 233,639 102,221 (63)
Income tax expense (745) (2,364) (3,191)
Equity in earnings of investees 0 0 24,460
Income from continuing operations 232,894 99,857 21,206
Discontinued operations:      
Income from discontinued operations 0 0 8,389
Loss on asset impairment from discontinued operations 0 0 (2,238)
Loss on early extinguishment of debt from discontinued operations 0 0 (3,345)
Net income 232,894 99,857 24,012
Preferred distributions (17,956) (27,924) (32,095)
Excess fair value of consideration paid over carrying value of preferred shares (9,609) 0 0
Excess fair value of consideration over carrying value of preferred shares 0 0 (16,205)
Net income (loss) attributable to Equity Commonwealth common shareholders 205,329 71,933 (24,288)
Amounts attributable to Equity Commonwealth common shareholders:      
Income (loss) from continuing operations 205,329 71,933 (27,094)
Income from discontinued operations 0 0 8,389
Loss on asset impairment from discontinued operations 0 0 (2,238)
Loss on early extinguishment of debt from discontinued operations 0 0 (3,345)
Net income (loss) $ 205,329 $ 71,933 $ (24,288)
Weighted average common shares outstanding — basic (in shares) 125,474 128,621 125,163
Weighted average common shares outstanding — diluted (in shares) 126,768 129,437 125,163
Basic earnings per common share attributable to Equity Commonwealth common shareholders:      
Income (loss) from continuing operations (in dollars per share) $ 1.64 $ 0.56 $ (0.21)
Income from discontinued operations (in dollars per share) 0.00 0.00 0.02
Net income (loss) (in dollars per share) 1.64 0.56 (0.19)
Diluted earnings per common share attributable to Equity Commonwealth common shareholders:      
Income (loss) from continuing operations (in dollars per share) 1.62 0.56 (0.21)
Income from discontinued operations (in dollars per share) 0.00 0.00 0.02
Net income (loss) (in dollars per share) $ 1.62 $ 0.56 $ (0.19)