XML 54 R44.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Numerator for earnings per common share - basic:          
Net income $ 27,886 $ 242,377 $ 453,393 $ 452,974  
Net income attributable to noncontrolling interest (54) (91) (802) (170)  
Preferred distributions (1,997) (1,997) (3,994) (3,994)  
Net income attributable to Equity Commonwealth common shareholders 25,835 240,289 448,597 448,810  
Numerator for earnings per common share - diluted:          
Net income 27,886 242,377 453,393 452,974  
Net income attributable to noncontrolling interests (54) (91) (802) (170)  
Preferred distributions (1,997) 0 0 0  
Numerator for net income per share - diluted $ 25,835 $ 242,286 $ 452,591 $ 452,804  
Denominator for earnings per common share - basic and diluted:          
Weighted average number of common shares outstanding — basic (in shares) 121,655 122,122 121,901 122,041  
Series D preferred shares; 6 1/2% cumulative convertible (in shares) 0 2,563 2,857 2,563  
Weighted average number of common shares outstanding — diluted (in shares) 123,255 125,862 126,358 125,841  
Net income per common share attributable to Equity Commonwealth common shareholders:          
Basic (in dollars per share) $ 0.21 $ 1.97 $ 3.68 $ 3.68  
Diluted (in dollars per share) $ 0.21 $ 1.93 $ 3.58 $ 3.60  
Anti-dilutive securities:          
Preferred shares, dividend percentage 6.50% 6.50% 6.50% 6.50% 6.50%
Weighted average number of shares, restricted stock units, unvested (in shares) 150 220 164 203  
6.50% Series D Cumulative Convertible Preferred Shares of Beneficial Interest          
Anti-dilutive securities:          
Effect of anti-dilutive securities (in shares) 2,857 0 0 0  
LTIP Units          
Anti-dilutive securities:          
Effect of anti-dilutive securities (in shares) 124 32 107 34  
OP Units          
Anti-dilutive securities:          
Effect of anti-dilutive securities (in shares) 110 14 92 12  
RSUs          
Denominator for earnings per common share - basic and diluted:          
Weighted average number of common shares outstanding, dilutive adjustment (in shares) 1,524 1,005 1,524 1,064  
LTIP Units          
Denominator for earnings per common share - basic and diluted:          
Weighted average number of common shares outstanding, dilutive adjustment (in shares) 76 172 76 173