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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental income $ 61,091 $ 92,722 $ 215,648 $ 324,345
Tenant reimbursements and other income 16,707 21,910 53,300 72,789
Total revenues 77,798 114,632 268,948 397,134
Expenses:        
Operating expenses 32,380 49,313 110,751 157,964
Depreciation and amortization 21,133 29,184 71,970 102,766
General and administrative 11,689 13,277 35,727 38,766
Loss on asset impairment 0 0 19,714 43,736
Total expenses 65,202 91,774 238,162 343,232
Operating income 12,596 22,858 30,786 53,902
Interest and other income 7,596 3,013 17,987 7,184
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $784, $948, $2,346 and $2,880, respectively) (11,510) (21,427) (41,387) (65,074)
Loss on early extinguishment of debt (203) 0 (266) (118)
Foreign currency exchange loss 0 0 0 (5)
Gain on sale of properties, net 25,080 82,169 44,670 225,210
Income before income taxes 33,559 86,613 51,790 221,099
Income tax expense (335) (225) (555) (465)
Net income 33,224 86,388 51,235 220,634
Net income attributable to noncontrolling interest (12) 0 (18) 0
Net income attributable to Equity Commonwealth 33,212 86,388 51,217 220,634
Preferred distributions (1,997) (1,997) (5,991) (15,959)
Excess fair value of consideration paid over carrying value of preferred shares 0 0 0 (9,609)
Net income attributable to Equity Commonwealth common shareholders $ 31,215 $ 84,391 $ 45,226 $ 195,066
Weighted average common shares outstanding — basic (in shares) 124,089 125,533 124,068 125,627
Weighted average common shares outstanding — diluted (in shares) 125,175 126,568 125,194 127,009
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ 0.25 $ 0.67 $ 0.36 $ 1.55
Diluted (in dollars per share) $ 0.25 $ 0.67 $ 0.36 $ 1.54