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Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Income from office and parking properties $ 70,106 $ 52,458 $ 204,936 $ 142,229
Management company income 4,470 4,591 13,302 14,996
Total revenues 74,576 57,049 218,238 157,225
Expenses and other        
Property operating expense 27,855 19,992 79,871 55,225
Depreciation and amortization 30,679 20,959 90,283 56,534
Impairment loss on real estate 5,600 0 5,600 0
Change in fair value of contingent consideration 0 0 0 216
Management company expenses 5,009 4,205 13,990 12,966
General and administrative 9,366 3,749 18,271 11,266
Acquisition costs 1,133 159 2,779 1,491
Total expenses and other 79,642 49,064 210,794 137,698
Operating income (loss) (5,066) 7,985 7,444 19,527
Other income and expenses        
Interest and other income 434 64 619 205
Equity in earnings of unconsolidated joint ventures 393 0 472 0
Gain on sale of real estate 0 48 0 48
Recovery of losses on mortgage loan receivable 0 500 0 500
Interest expense (11,663) (8,521) (33,437) (25,887)
Income (loss) before income taxes (15,902) 76 (24,902) (5,607)
Income tax benefit (expense) 839 7 1,730 (143)
Income (loss) from continuing operations (15,063) 83 (23,172) (5,750)
Discontinued operations:        
Income (loss) from discontinued operations 205 138 (3,322) 3,800
Gain on sale of real estate from discontinued operations 11,545 995 12,087 9,767
Total discontinued operations 11,750 1,133 8,765 13,567
Net income (loss) (3,313) 1,216 (14,407) 7,817
Net loss attributable to noncontrolling interest – real estate partnerships 1,006 896 3,310 1,789
Net loss attributable to noncontrolling interests – unit holders 1 17 3 1
Net income (loss) for Parkway Properties, Inc. (2,306) 2,129 (11,094) 9,607
Dividends on preferred stock 0 (2,711) (3,433) (8,132)
Dividends on convertible preferred stock 0 0 0 (1,011)
Dividends on preferred stock redemption 0 0 (6,604) 0
Net income (loss) attributable to common stockholders (2,306) (582) (21,131) 464
Net income (loss) (3,313) 1,216 (14,407) 7,817
Change in fair value of interest rate swaps (1,778) (993) 7,562 (4,213)
Comprehensive (income) loss attributable to noncontrolling interests (5,091) 223 (6,845) 3,604
Comprehensive income (loss) attributable to common stockholders 1,246 1,501 (2,176) 4,632
Comprehensive income (loss) attributable to common stockholders (3,845) 1,724 (9,021) 8,236
Basic and Diluted:        
Loss from continuing operations attributable to Parkway Properties, Inc. $ (0.20) $ (0.03) $ (0.46) $ (0.32)
Discontinued operations $ 0.17 $ 0.01 $ 0.13 $ 0.34
Basic and diluted net income (loss) attributable to Parkway Properties, Inc. $ (0.03) $ (0.02) $ (0.33) $ 0.02
Weighted average shares outstanding:        
Basic 68,564 36,487 64,689 27,199
Diluted 68,564 36,487 64,689 27,199
Amounts attributable to Parkway Properties, Inc. common stockholders:        
Loss from continuing operations attributable to Parkway Properties, Inc. (14,019) (1,170) (29,830) (8,884)
Discontinued operations 11,713 588 8,699 9,348
Net income (loss) attributable to common stockholders $ (2,306) $ (582) $ (21,131) $ 464