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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental revenue $ 30,574 $ 45,569 $ 69,464 $ 100,842
Total revenues 33,368 48,636 75,120 107,224
Expenses:        
Operating expenses 10,974 19,521 26,754 44,120
Depreciation and amortization 7,561 13,021 16,146 26,924
General and administrative 9,533 11,222 21,629 24,561
Loss on asset impairment 0 0 0 12,087
Total expenses 28,068 43,764 64,529 107,692
Interest and other income, net 20,695 12,668 38,470 18,448
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $154, $645, $319 and $1,446, respectively) (4,070) (6,350) (8,276) (16,465)
Loss on early extinguishment of debt (6,374) (1,536) (6,374) (6,403)
Gain on sale of properties, net 227,166 26,937 420,203 232,148
Income before income taxes 242,717 36,591 454,614 227,260
Income tax (expense) benefit (340) 456 (1,640) (2,551)
Net income 242,377 37,047 452,974 224,709
Net income attributable to noncontrolling interest (91) (14) (170) (77)
Net income attributable to Equity Commonwealth 242,286 37,033 452,804 224,632
Preferred distributions (1,997) (1,997) (3,994) (3,994)
Net income attributable to Equity Commonwealth common shareholders $ 240,289 $ 35,036 $ 448,810 $ 220,638
Weighted average common shares outstanding — basic (in shares) 122,122 121,822 122,041 122,839
Weighted average common shares outstanding — diluted (in shares) 125,862 122,649 125,841 126,027
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ 1.97 $ 0.29 $ 3.68 $ 1.80
Diluted (in dollars per share) $ 1.93 $ 0.29 $ 3.60 $ 1.78
Other revenue        
Revenues:        
Other revenue $ 2,794 $ 3,067 $ 5,656 $ 6,382