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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Summarized quarterly financial data
Summarized quarterly financial data for the years ended December 31, 2012 and 2011 are as follows (in thousands, except per share data):

 
2012
 
First
 
Second
 
Third
 
Fourth
Revenues (other than gains)
$
48,226

 
$
51,950

 
$
57,049

 
$
58,958

Expenses
(43,248
)
 
(45,500
)
 
(49,084
)
 
(101,054
)
Operating income (loss)
4,978

 
6,450

 
7,965

 
(42,096
)
Interest and other income
97

 
44

 
64

 
67

Interest expense
(8,830
)
 
(8,536
)
 
(8,521
)
 
(9,033
)
Gain on sale of real estate and other assets
—

 
—

 
548

 
—

Income tax (expense) benefit
(161
)
 
11

 
7

 
(118
)
Income (loss) from continuing operations
(3,916
)
 
(2,031
)
 
63

 
(51,180
)
Income (loss) from discontinued operations
3,668

 
108

 
158

 
(2,790
)
Gain on sale of real estate from discontinued operations
5,575

 
3,197

 
995

 
3,172

Net income (loss)
5,327

 
1,274

 
1,216

 
(50,798
)
Noncontrolling interests
(622
)
 
1,499

 
913

 
1,796

Net income (loss) attributable to Parkway Properties, Inc.
4,705

 
2,773

 
2,129

 
(49,002
)
Dividends on preferred stock
(2,711
)
 
(3,721
)
 
(2,711
)
 
(2,711
)
Net income (loss) attributable to common stockholders
$
1,994

 
$
(948
)
 
$
(582
)
 
$
(51,713
)
Net income (loss) per common share:
 

 
 

 
 

 
 

Basic:
 

 
 

 
 

 
 

Loss from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
(0.18
)
 
$
(0.17
)
 
$
(0.04
)
 
$
(1.17
)
Discontinued operations
0.27

 
0.13

 
0.02

 
0.01

Basic net income (loss) attributable to Parkway Properties, Inc.
$
0.09

 
$
(0.04
)
 
$
(0.02
)
 
$
(1.16
)
Dividends per common share
$
0.075

 
$
0.075

 
$
0.1125

 
$
0.1125

Diluted:
 

 
 

 
 

 
 

Loss from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
(0.18
)
 
$
(0.17
)
 
$
(0.04
)
 
$
(1.17
)
Discontinued operations
0.27

 
0.13

 
0.02

 
0.01

Diluted net income (loss) attributable to Parkway Properties, Inc.
$
0.09

 
$
(0.04
)
 
$
(0.02
)
 
$
(1.16
)
Weighted average shares outstanding:
 

 
 

 
 

 
 

Basic
21,568

 
23,440

 
36,487

 
44,476

Diluted
21,568

 
23,440

 
36,487

 
44,476



 
2011
 
First
 
Second
 
Third
 
Fourth
Revenues (other than gains)
$
24,929

 
$
36,011

 
$
45,502

 
$
46,736

Expenses
(24,651
)
 
(45,146
)
 
(39,488
)
 
(51,901
)
Operating income (loss)
278

 
(9,135
)
 
6,014

 
(5,165
)
Interest and other income
324

 
437

 
87

 
90

Interest expense
(6,106
)
 
(7,369
)
 
(8,578
)
 
(8,364
)
Equity in earnings (loss) of unconsolidated joint ventures
35

 
44

 
(14
)
 
(8
)
Gain on sale of real estate
—

 
—

 
743

 
—

Income tax (expense) benefit
—

 
(224
)
 
174

 
(6
)
Loss from continuing operations
(5,469
)
 
(16,247
)
 
(1,574
)
 
(13,453
)
Loss from discontinued operations
(2,322
)
 
(3,646
)
 
(131,275
)
 
(55,842
)
Gain on sale of real estate from discontinued operations
—

 
4,292

 
2,275

 
11,258

Net loss
(7,791
)
 
(15,601
)
 
(130,574
)
 
(58,037
)
Noncontrolling interests
3,196

 
3,371

 
77,547

 
986

Net loss attributable to Parkway Properties, Inc.
(4,595
)
 
(12,230
)
 
(53,027
)
 
(57,051
)
Dividends on preferred stock
(2,187
)
 
(2,443
)
 
(2,711
)
 
(2,711
)
Net loss available to common stockholders
$
(6,782
)
 
$
(14,673
)
 
$
(55,738
)
 
$
(59,762
)
Net income per common share:
 

 
 

 
 

 
 

Basic:
 

 
 

 
 

 
 

Loss from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
(0.29
)
 
$
(0.79
)
 
$
(0.05
)
 
$
(0.61
)
Discontinued operations
(0.03
)
 
0.11

 
(2.54
)
 
(2.16
)
Basic net loss attributable to Parkway Properties, Inc.
$
(0.32
)
 
$
(0.68
)
 
$
(2.59
)
 
$
(2.77
)
Dividends per common share
$
0.075

 
$
0.075

 
$
0.075

 
$
0.075

Diluted:
 

 
 

 
 

 
 

Loss from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
(0.29
)
 
$
(0.79
)
 
$
(0.05
)
 
$
(0.61
)
Discontinued operations
(0.03
)
 
0.11

 
(2.54
)
 
(2.16
)
Diluted net loss attributable to Parkway Properties, Inc.
$
(0.32
)
 
$
(0.68
)
 
$
(2.59
)
 
$
(2.77
)
Weighted average shares outstanding:
 

 
 

 
 

 
 

Basic
21,476

 
21,489

 
21,502

 
21,541

Diluted
21,476

 
21,489

 
21,502

 
21,541