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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental revenue $ 15,248 $ 30,574 $ 32,391 $ 69,464
Other revenue 1,017 2,794 2,694 5,656
Total revenues 16,265 33,368 35,085 75,120
Expenses:        
Operating expenses 6,677 10,974 15,438 26,754
Depreciation and amortization 4,398 7,561 9,512 16,146
General and administrative 8,302 9,533 18,906 21,629
Total expenses 19,377 28,068 43,856 64,529
Interest and other income, net 4,443 20,695 16,338 38,470
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $(60), $154, $(116) and $319, respectively) (302) (4,070) (611) (8,276)
Loss on early extinguishment of debt 0 (6,374) 0 (6,374)
Gain on sale of properties, net 26,916 227,166 446,536 420,203
Income before income taxes 27,945 242,717 453,492 454,614
Income tax expense (59) (340) (99) (1,640)
Net income 27,886 242,377 453,393 452,974
Net income attributable to noncontrolling interest (54) (91) (802) (170)
Net income attributable to Equity Commonwealth 27,832 242,286 452,591 452,804
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
Weighted average common shares outstanding — basic (in shares) 121,655 122,122 121,901 122,041
Weighted average common shares outstanding — diluted (in shares) 123,255 125,862 126,358 125,841
Earnings 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