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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental revenue $ 23,995 $ 43,770 $ 93,459 $ 144,612
Total revenues 26,735 46,873 101,855 154,097
Expenses:        
Operating expenses 9,923 20,257 36,677 64,377
Depreciation and amortization 5,939 11,287 22,085 38,211
General and administrative 8,523 10,905 30,152 35,466
Loss on asset impairment 0 0 0 12,087
Total expenses 24,385 42,449 88,914 150,141
Interest and other income, net 19,401 12,626 57,871 31,074
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $(55), $559, $264 and $2,005, respectively) (321) (5,085) (8,597) (21,550)
Loss on early extinguishment of debt 0 0 (6,374) (6,403)
Gain on sale of properties, net 1,945 20,877 422,148 253,025
Income before income taxes 23,375 32,842 477,989 260,102
Income tax benefit (expense) 521 (65) (1,119) (2,616)
Net income 23,896 32,777 476,870 257,486
Net income attributable to noncontrolling interest (10) (13) (180) (90)
Net income attributable to Equity Commonwealth 23,886 32,764 476,690 257,396
Preferred distributions (1,997) (1,997) (5,991) (5,991)
Net income attributable to Equity Commonwealth common shareholders $ 21,889 $ 30,767 $ 470,699 $ 251,405
Weighted average common shares outstanding — basic (in shares) 122,140 121,845 122,075 122,504
Weighted average common shares outstanding — diluted (in shares) 123,564 122,851 125,938 123,389
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ 0.18 $ 0.25 $ 3.86 $ 2.05
Diluted (in dollars per share) 0.18 0.25 3.79 2.04
Distributions declared per common share (in dollars per share) $ 3.50 $ 2.50 $ 3.50 $ 2.50
Other revenue        
Revenues:        
Other revenue $ 2,740 $ 3,103 $ 8,396 $ 9,485