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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Rental income $ 80,205 $ 109,888
Tenant reimbursements and other income 19,346 27,247
Total revenues 99,551 137,135
Expenses:    
Operating expenses 41,087 57,258
Depreciation and amortization 26,915 36,251
General and administrative 12,078 13,312
Loss on asset impairment 1,286 0
Total expenses 81,366 106,821
Operating income 18,185 30,314
Interest and other income 4,372 1,967
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $713 and $983, respectively) (15,014) (22,347)
Loss on early extinguishment of debt 0 (118)
Foreign currency exchange loss 0 (5)
Gain on sale of properties, net 16,454 36,666
Income before income taxes 23,997 46,477
Income tax expense (175) (75)
Net income 23,822 46,402
Net income attributable to noncontrolling interest (8) 0
Net income attributable to Equity Commonwealth 23,814 46,402
Preferred distributions (1,997) (6,981)
Net income attributable to Equity Commonwealth common shareholders $ 21,817 $ 39,421
Weighted average common shares outstanding — basic (in shares) 124,047 125,840
Weighted average common shares outstanding — diluted (in shares) 125,150 127,522
Earnings per common share attributable to Equity Commonwealth common shareholders:    
Basic (in USD per share) $ 0.18 $ 0.31
Diluted (in USD per share) $ 0.17 $ 0.31