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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (amounts in thousands except per share amounts):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Numerator for earnings per common share - basic and diluted:
 

 
 

 
 

Income (loss) from continuing operations
$
21,206

 
$
(38,914
)
 
$
92,697

Gain on sale of properties

 
1,596

 

Net income attributable to noncontrolling interest in consolidated subsidiary

 
(20,093
)
 
(15,576
)
Preferred distributions
(32,095
)
 
(44,604
)
 
(51,552
)
Distribution on conversion of preferred shares
(16,205
)
 

 
(4,985
)
(Loss) income from continuing operations attributable to Equity Commonwealth common shareholders
(27,094
)
 
(102,015
)
 
20,584

Discontinued operations
2,806

 
(119,649
)
 
(172,542
)
Numerator for net loss per share - basic and diluted
$
(24,288
)
 
$
(221,664
)
 
$
(151,958
)
 
 
 
 
 
 
Denominator for earnings per common share - basic and diluted:
 
 
 
 
 
Weighted average number of common shares outstanding - basic and diluted
125,163

 
112,378

 
83,750

 
 
 
 
 
 
Earnings per share - basic and diluted:
 
 
 
 
 
(Loss) income from continuing operations attributable to Equity Commonwealth common shareholders
$
(0.21
)
 
$
(0.91
)
 
$
0.25

Discontinued operations
0.02

 
(1.06
)
 
(2.06
)
Net loss per share - basic and diluted
$
(0.19
)
 
$
(1.97
)
 
$
(1.81
)
 
 
 
 
 
 
Anti-dilutive securities:
 
 
 
 
 
Effect of Series D preferred shares; 6 1/2% cumulative convertible(1)
4,175

 
7,298

 
7,298

Effect of RSUs(2)

 

 


(1) The Series D preferred shares are anti-dilutive as the Company reported a net loss for the year ended December 31, 2014. 
(2) As of December 31, 2014, the Company's performance criteria detailed in the Plan would have resulted in zero RSU's being issued.