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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 46,873 $ 77,798 $ 154,097 $ 268,948
Expenses:        
Operating expenses 20,257 32,380 64,377 110,751
Depreciation and amortization 11,287 21,133 38,211 71,970
General and administrative 10,905 11,689 35,466 35,727
Loss on asset impairment 0 0 12,087 19,714
Total expenses 42,449 65,202 150,141 238,162
Operating income 4,424 12,596 3,956 30,786
Interest and other income, net 12,626 7,596 31,074 17,987
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $559, $784, $2,005 and $2,346, respectively) (5,085) (11,510) (21,550) (41,387)
Loss on early extinguishment of debt 0 (203) (6,403) (266)
Gain on sale of properties, net 20,877 25,080 253,025 44,670
Income before income taxes 32,842 33,559 260,102 51,790
Income tax expense (65) (335) (2,616) (555)
Net income 32,777 33,224 257,486 51,235
Net income attributable to noncontrolling interest (13) (12) (90) (18)
Net income attributable to Equity Commonwealth 32,764 33,212 257,396 51,217
Preferred distributions (1,997) (1,997) (5,991) (5,991)
Net income attributable to Equity Commonwealth common shareholders $ 30,767 $ 31,215 $ 251,405 $ 45,226
Weighted average common shares outstanding — basic (in shares) 121,845 124,089 122,504 124,068
Weighted average common shares outstanding — diluted (in shares) 122,851 125,175 123,389 125,194
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ 0.25 $ 0.25 $ 2.05 $ 0.36
Diluted (in dollars per share) 0.25 0.25 2.04 0.36
Distributions declared per common share (in dollars per share) $ 2.50 $ 0 $ 2.50 $ 0
Rental income        
Revenues:        
Total revenues $ 34,138 $ 61,091 $ 112,898 $ 215,648
Tenant reimbursements and other income        
Revenues:        
Total revenues $ 12,735 $ 16,707 $ 41,199 $ 53,300