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Net Income (Loss) Per Common Share (Notes)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share
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 and deferred incentive share units 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 September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
      Basic and diluted net income (loss) attributable to common stockholders
$
(2,306
)
 
$
(582
)
 
$
(21,131
)
 
$
464

Basic weighted average shares
68,564

 
36,487

 
64,689

 
27,199

Dilutive weighted average shares
68,564

 
36,487

 
64,689

 
27,199

      Diluted net income (loss) per share attributable to Parkway Properties, Inc.
$
(0.03
)
 
$
(0.02
)
 
$
(0.33
)
 
$
0.02



The computation of diluted EPS for the three months and nine months ended September 30, 2013 and 2012 did not include the effect of employee stock options, deferred incentive share units, restricted share units, and restricted shares as their inclusion would have been anti-dilutive. Terms and conditions of these awards are described in Note L - Share-Based and Long-Term Compensation Plans.