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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Income from office and parking properties $ 71,598 $ 48,655 $ 138,781 $ 93,135
Management company income 4,480 4,973 8,832 10,405
Total revenues 76,078 53,628 147,613 103,540
Expenses and other        
Property operating expense 28,259 18,940 53,573 36,607
Depreciation and amortization 31,471 19,106 60,764 36,566
Change in fair value of contingent consideration 0 0 0 216
Management company expenses 4,591 4,226 8,981 8,760
General and administrative 4,690 3,918 8,905 7,517
Acquisition costs 511 506 1,646 1,332
Total expenses and other 69,522 46,696 133,869 90,998
Operating income 6,556 6,932 13,744 12,542
Other income and expenses        
Interest and other income 82 44 185 141
Interest expense (11,304) (8,536) (21,774) (17,780)
Loss before income taxes (4,666) (1,560) (7,845) (5,097)
Income tax benefit (expense) 384 11 891 (150)
Loss from continuing operations (4,282) (1,549) (6,954) (5,247)
Discontinued operations:        
Income (loss) from discontinued operations (4,387) (374) (4,682) 3,076
Gain on sale of real estate from discontinued operations 0 3,197 542 8,772
Total discontinued operations (4,387) 2,823 (4,140) 11,848
Net income (loss) (8,669) 1,274 (11,094) 6,601
Net loss attributable to noncontrolling interest – real estate partnerships 1,049 1,426 2,304 893
Net (income) loss attributable to noncontrolling interests – unit holders 0 73 2 (16)
Net income (loss) for Parkway Properties, Inc. (7,620) 2,773 (8,788) 7,478
Dividends on preferred stock (722) (2,710) (3,433) (5,421)
Dividends on convertible preferred stock 0 (1,011) 0 (1,011)
Dividends on preferred stock redemption (6,604) 0 (6,604) 0
Net income (loss) attributable to common stockholders (14,946) (948) (18,825) 1,046
Net income (loss) (8,669) 1,274 (11,094) 6,601
Change in fair value of interest rate swaps (8,093) (1,048) (9,339) (966)
Comprehensive (income) loss attributable to noncontrolling interests (16,762) 226 (20,433) 5,635
Comprehensive income (loss) attributable to common stockholders (1,579) 3,945 (3,422) 3,131
Comprehensive income (loss) attributable to common stockholders (18,341) 4,171 (23,855) 8,766
Basic and Diluted:        
Loss from continuing operations attributable to Parkway Properties, Inc. $ (0.16) $ (0.15) $ (0.23) $ (0.31)
Discontinued operations $ (0.06) $ 0.11 $ (0.07) $ 0.36
Basic and diluted net income (loss) attributable to Parkway Properties, Inc. $ (0.22) $ (0.04) $ (0.30) $ 0.05
Weighted average shares outstanding:        
Basic 68,526 23,440 62,720 22,504
Diluted 68,526 23,440 62,720 22,504
Amounts attributable to Parkway Properties, Inc. common stockholders:        
Loss from continuing operations attributable to Parkway Properties, Inc. (10,516) (3,449) (14,655) (7,128)
Discontinued operations (4,430) 2,501 (4,170) 8,174
Net income (loss) attributable to common stockholders $ (14,946) $ (948) $ (18,825) $ 1,046