Shareholders' Equity

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Distributions

On February 23, 2017, we paid a regular quarterly distribution to common shareholders of record on January 23, 2017 of $0.43 per share, or $30,606. 

On April 11, 2017, we declared a regular quarterly distribution payable to common shareholders of record on April 21, 2017 of $0.43 per share, or $30,606. We expect to pay this distribution on or about May 22, 2017 using cash on hand and borrowings under our revolving credit facility.

Cumulative Other Comprehensive Income

Cumulative other comprehensive income represents the unrealized gain on the RMR Inc. shares we own and our share of the comprehensive income of our equity method investees, Select Income REIT, or SIR, and Affiliates Insurance Company, or AIC. The following table presents changes in the amounts we recognized in cumulative other comprehensive income by component for the three months ended March 31, 2017: 

	Three Months Ended March 31, 2017
	Unrealized Gain		Equity in
	on Investment		Unrealized Gain
	in Available for		of
	Sale Securities		Investees		Total
Balance at December 31, 2016	$	21,074	$	5,883	$	26,957
Other comprehensive income before reclassifications	12,142		4,599		16,741
Amounts reclassified from cumulative other comprehensive income to net income (1)	—		16		16
Net current period other comprehensive income	12,142		4,615		16,757
Balance at March 31, 2017	$	33,216	$	10,498	$	43,714

(1) Amounts reclassified from cumulative other comprehensive income are included in equity in earnings of investees in our condensed consolidated statements of comprehensive income.