XML 72 R58.htm IDEA: XBRL DOCUMENT v3.22.0.1
Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Numerator for earnings per common share - basic:      
Net (loss) income $ (16,429) $ 452,093 $ 492,866
Net loss (income) attributable to noncontrolling interest 33 (799) (186)
Preferred distributions (7,988) (7,988) (7,988)
Net (loss) income attributable to Equity Commonwealth common shareholders (24,384) 443,306 484,692
Numerator for earnings per common share - diluted:      
Net income (16,429) 452,093 492,866
Net loss (income) attributable to noncontrolling interest 33 (799) (186)
Preferred distributions (7,988) 0 0
Numerator for net (loss) income per share - diluted $ (24,384) $ 451,294 $ 492,680
Denominator for earnings per common share - basic and diluted:      
Weighted average common shares outstanding — basic (in shares) 121,411 121,786 122,091
Weighted average common shares outstanding — diluted (in shares) 121,411 126,606 126,260
Net (loss) income per common share attributable to Equity Commonwealth common shareholders:      
Basic (in dollars per share) $ (0.20) $ 3.64 $ 3.97
Diluted (in dollars per share) $ (0.20) $ 3.56 $ 3.90
Anti-dilutive securities(4):      
Preferred shares, dividend yield 6.50% 6.50%  
Weighted average number of shares, restricted stock units, unvested (in shares) 256 157 210
Series D Preferred Stock      
Denominator for earnings per common share - basic and diluted:      
Series D preferred shares; 6.50% cumulative convertible (in shares) 0 3,237 2,857
Anti-dilutive securities(4):      
Preferred shares, dividend yield 6.50% 6.50% 6.50%
Series D Preferred Stock      
Anti-dilutive securities(4):      
Effect of anti-dilutive securities (in shares) 3,237 0 0
RSUs      
Anti-dilutive securities(4):      
Effect of anti-dilutive securities (in shares) 549 0 0
LTIP Units      
Anti-dilutive securities(4):      
Effect of anti-dilutive securities (in shares) 84 119 33
OP Units      
Anti-dilutive securities(4):      
Effect of anti-dilutive securities (in shares) 208 102 14
RSUs      
Denominator for earnings per common share - basic and diluted:      
Weighted average number of common shares outstanding, dilutive adjustment (in shares) 0 1,508 1,138
LTIP Units      
Denominator for earnings per common share - basic and diluted:      
Weighted average number of common shares outstanding, dilutive adjustment (in shares) 0 75 174