The following table sets forth the computation of basic and diluted earnings per share (amounts in thousands except per share amounts):



	Three Months Ended March 31,
	2017			2016
Numerator for earnings per common share - basic:
Net income	$	23,822		$	46,402
Net income attributable to noncontrolling interest	(8		)	—
Preferred distributions	(1,997		)	(6,981		)
Numerator for net income per share - basic	$	21,817		$	39,421

Numerator for earnings per common share - diluted:
Net income	$	23,822		$	46,402
Preferred distributions	(1,997		)	(6,981		)
Numerator for net income per share - diluted	$	21,825		$	39,421

Denominator for earnings per common share - basic and diluted:
Weighted average number of common shares outstanding - basic	124,047			125,840
RSUs	1,023			1,682
LTIP Units	80			—
Weighted average number of common shares outstanding - diluted(1)	125,150			127,522

Net income per common share attributable to Equity Commonwealth common shareholders:
Basic	$	0.18		$	0.31
Diluted	$	0.17		$	0.31

Anti-dilutive securities:
Effect of Series D preferred shares; 6 1/2% cumulative convertible(2)	2,363			2,363

(1)

As of March 31, 2017, we had granted RSUs and LTIP Units to certain employees, officers, and the chairman of the Board of Trustees. The RSUs and LTIP Units contain service and market-based vesting components. None of the RSUs or LTIP Units have vested. If the market-based vesting component of these awards was measured as of March 31, 2017, and 2016, 1,165 and 1,754 common shares would be issued, respectively. Using a weighted average basis, 1,103 and 1,682 common shares are reflected in diluted earnings per share for the three months ended March 31, 2017 and 2016, respectively.


(2)	The Series D preferred shares are excluded from the diluted earnings per share calculation because including the Series D preferred shares would also require that the preferred distributions be added back to net income, resulting in anti-dilution during the periods presented.