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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Income from office and parking properties $ 206,739 $ 147,290 $ 93,548
Management company income 19,778 16,896 1,652
Total revenues 226,517 164,186 95,200
Expenses      
Property operating expenses 80,748 60,733 40,408
Depreciation and amortization 81,537 56,522 28,496
Impairment loss on real estate 9,200 6,420 0
Impairment loss on mortgage loan receivable 0 9,235 0
Impairment loss on management contracts and goodwill 41,967 0 0
Change in fair value of contingent consideration 216 (13,000) 0
Management company expenses 17,237 13,337 2,756
General and administrative 16,420 18,805 15,318
Acquisition costs 2,791 17,219 846
Total expenses and other 250,116 169,271 87,824
Operating income (loss) (23,599) (5,085) 7,376
Other income and expenses      
Interest and other income 272 938 1,487
Equity in earnings of unconsolidated joint ventures 0 57 326
Gain on sale of real estate 48 743 40
Recovery of losses on mortgage loan receivable 500 0 0
Interest expense (35,334) (31,612) (20,271)
Loss before income taxes (58,113) (34,959) (11,042)
Income tax expense (261) (56) (2)
Loss from continuing operations (58,374) (35,015) (11,044)
Discontinued operations:      
Income (loss) from discontinued operations 2,454 (194,813) (10,881)
Gain on sale of real estate from discontinued operations 12,939 17,825 8,518
Total discontinued operations 15,393 (176,988) (2,363)
Net loss (42,981) (212,003) (13,407)
Net loss attributable to noncontrolling interests-real estate partnerships 3,317 85,105 10,789
Net (income) loss attributable to noncontrolling interests-unit holders 269 (5) 0
Net loss for Parkway Properties, Inc. (39,395) (126,903) (2,618)
Dividends on preferred stock (10,843) (10,052) (6,325)
Dividends on convertible preferred stock (1,011) 0 0
Net loss attributable to common stockholders (51,249) (136,955) (8,943)
Net loss (42,981) (212,003) (13,407)
Change in fair value of interest rate swap (3,364) (8,131) 1,889
Comprehensive loss (46,345) (220,134) (11,518)
Comprehensive loss attributable to noncontrolling interests 5,865 92,894 10,789
Comprehensive loss attributable to common stockholders (40,480) (127,240) (729)
Basic and Diluted:      
Loss from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ (1.98) $ (1.66) $ (0.65)
Discontinued operations (in dollars per share) $ 0.36 $ (4.71) $ 0.23
Basic and diluted net loss attributable to Parkway Properties, Inc. $ (1.62) $ (6.37) $ (0.42)
Weighted average shares outstanding:      
Basic 31,542 21,497 21,421
Diluted 31,542 21,497 21,421
Amounts attributable to Parkway Properties, Inc. common stockholders:      
Loss from continuing operations attributable to Parkway Properties, Inc. (62,458) (35,803) (13,801)
Discontinued operations 11,209 (101,152) 4,858
Net loss attributable to common stockholders $ (51,249) $ (136,955) $ (8,943)