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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental income $ 74,352 $ 121,735 $ 154,557 $ 231,623
Tenant reimbursements and other income 17,247 23,632 36,593 50,879
Total revenues 91,599 145,367 191,150 282,502
Expenses:        
Operating expenses 37,284 51,393 78,371 108,651
Depreciation and amortization 23,922 37,331 50,837 73,582
General and administrative 11,960 12,177 24,038 25,489
Loss on asset impairment 18,428 43,736 19,714 43,736
Total expenses 91,594 144,637 172,960 251,458
Operating income 5 730 18,190 31,044
Interest and other income 6,019 2,204 10,391 4,171
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $849, $949, $1,562 and $1,932, respectively) (14,863) (21,300) (29,877) (43,647)
Loss on early extinguishment of debt (63) 0 (63) (118)
Foreign currency exchange loss 0 0 0 (5)
Gain on sale of properties, net 3,136 106,375 19,590 143,041
(Loss) income before income taxes (5,766) 88,009 18,231 134,486
Income tax expense (45) (165) (220) (240)
Net (loss) income (5,811) 87,844 18,011 134,246
Net loss (income) attributable to noncontrolling interest 2 0 (6) 0
Net (loss) income attributable to Equity Commonwealth (5,809) 87,844 18,005 134,246
Preferred distributions (1,997) (6,981) (3,994) (13,962)
Excess fair value of consideration paid over carrying value of preferred shares 0 (9,609) 0 (9,609)
Net (loss) income attributable to Equity Commonwealth common shareholders $ (7,806) $ 71,254 $ 14,011 $ 110,675
Weighted average common shares outstanding — basic (in shares) 124,067 125,508 124,057 125,674
Weighted average common shares outstanding — diluted (in shares) 124,067 126,937 125,203 127,229
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ (0.06) $ 0.57 $ 0.11 $ 0.88
Diluted (in dollars per share) $ (0.06) $ 0.56 $ 0.11 $ 0.87