Net Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2012

Net Income Loss Per Common Share [Abstract]

Net Income (Loss) Per Common Share

Note B - Net Income (Loss) Per Common Share

Basic earnings per share ("EPS") are computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the period. In arriving at net income (loss) attributable to common stockholders, preferred stock dividends are deducted.  Diluted EPS reflects the potential dilution that could occur if share equivalents such as employee stock options, restricted shares deferred incentive share units and Series E cumulative convertible preferred stock were exercised or converted into common stock that then shared in the earnings of Parkway.

The computation of diluted EPS is as follows (in thousands, except per share data):

	Three Months Ended June 30				Six Months Ended June 30
		2012		2011		2012		2011
Numerator:
Basic and diluted net income (loss)           attributable to common stockholders	$	(948)	$	(14,673)	$	1,046	$	(21,455)
Basic weighted average shares		23,440		21,489		22,504		21,483
Dilutive weighted average shares		23,440		21,489		22,504		21,483
Diluted net income (loss) per share attributable to           Parkway Properties, Inc.	$	(0.04)	$	(0.68)	$	0.05	$	(1.00)

The computation of diluted EPS for the three months and six months ended June 30, 2012 and 2011 did not include the effect of employee stock options, deferred incentive share units, and restricted shares, nor did it assume the conversion of the Series E cumulative convertible preferred stock because their inclusion would have been anti-dilutive.