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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental income $ 270,320 $ 409,071 $ 570,382
Tenant reimbursements and other income 70,251 91,609 144,509
Total revenues 340,571 500,680 714,891
Expenses:      
Operating expenses 141,425 200,706 324,948
Depreciation and amortization 90,708 131,806 194,001
General and administrative 47,760 50,256 57,457
Loss on asset impairment 19,714 58,476 17,162
Total expenses 299,607 441,244 593,568
Operating income 40,964 59,436 121,323
Interest and other income 26,380 10,331 5,989
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $3,135, $3,725, and $1,028, respectively) (52,183) (84,329) (107,316)
(Loss) gain on early extinguishment of debt (493) (2,680) 6,661
Foreign currency exchange loss 0 (5) (8,857)
Gain on sale of properties, net 15,498 250,886 84,421
Income before income taxes 30,166 233,639 102,221
Income tax expense (500) (745) (2,364)
Net income 29,666 232,894 99,857
Net income attributable to noncontrolling interest (10) 0 0
Net income attributable to Equity Commonwealth 29,656 232,894 99,857
Preferred distributions (7,988) (17,956) (27,924)
Excess fair value of consideration paid over carrying value of preferred shares 0 (9,609) 0
Net income attributable to Equity Commonwealth common shareholders $ 21,668 $ 205,329 $ 71,933
Weighted average common shares outstanding — basic (in shares) 124,125 125,474 128,621
Weighted average common shares outstanding — diluted (in shares) 125,129 126,768 129,437
Earnings per common share attributable to Equity Commonwealth common shareholders:      
Basic (in dollars per share) $ 0.17 $ 1.64 $ 0.56
Diluted (in dollars per share) $ 0.17 $ 1.62 $ 0.56