TPG Securities Purchase Agreement	6 Months Ended
Jun. 30, 2012
TPG Securities Purchase Agreement [Abstract]
TPG Securities Purchase Agreement	Note M - TPG Securities Purchase Agreement On May 3, 2012, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement"), by and among the Company and TPG. Pursuant to the terms of the Purchase Agreement, on June 5, 2012, the Company issued to TPG 4.3 million shares, or approximately $48.4 million, of common stock and approximately 13.5 million shares, with an initial liquidation value of $151.6 million, of newly-created, non-voting Series E Cumulative Redeemable Convertible Preferred Stock (the "Series E Preferred Stock"). Parkway incurred approximately $13.9 million in transaction costs as it related to the issuance of equity and these were recorded as a reduction to proceeds received. On June 27, 2012, the Company issued an additional 6,666 shares of Series E Preferred Stock to TPG in lieu of director's fees. During the second quarter of 2012, the Company paid approximately $323,000 and $1.0 million in dividends on common stock and Series E Preferred Stock, respectively, to TPG. At a special meeting of stockholders held on July 31, 2012, the stockholders approved, among other things, the right to convert, at the option of the Company or the holders, shares of the Series E Preferred Stock into shares of the Company's common stock. On August 1, 2012, the Company delivered a conversion notice to TPG and all shares of Series E Preferred Stock were converted into common stock on a one-for-one basis.

Note M - TPG Securities Purchase Agreement

On May 3, 2012, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement"), by and among the Company and TPG. Pursuant to the terms of the Purchase Agreement, on June 5, 2012, the Company issued to TPG 4.3 million shares, or approximately $48.4 million, of common stock and approximately 13.5 million shares, with an initial liquidation value of $151.6 million, of newly-created, non-voting Series E Cumulative Redeemable Convertible Preferred Stock (the "Series E Preferred Stock"). Parkway incurred approximately $13.9 million in transaction costs as it related to the issuance of equity and these were recorded as a reduction to proceeds received. On June 27, 2012, the Company issued an additional 6,666 shares of Series E Preferred Stock to TPG in lieu of director's fees. During the second quarter of 2012, the Company paid approximately $323,000 and $1.0 million in dividends on common stock and Series E Preferred Stock, respectively, to TPG.

At a special meeting of stockholders held on July 31, 2012, the stockholders approved, among other things, the right to convert, at the option of the Company or the holders, shares of the Series E Preferred Stock into shares of the Company's common stock. On August 1, 2012, the Company delivered a conversion notice to TPG and all shares of Series E Preferred Stock were converted into common stock on a one-for-one basis.