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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 $ 196,405 [1] $ 136,282 $ 82,100 [1]
Management company income 19,778 16,896 1,652
Total revenues 216,183 153,178 83,752
Expenses      
Property operating expenses 76,360 [2] 56,041 [2] 35,661
Depreciation and amortization 78,195 53,129 25,041
Impairment loss on real estate 5,700 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 238,886 161,186 79,622
Operating income (loss) (22,703) (8,008) 4,130
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 (34,920) [3] (30,417) (19,037) [3]
Loss before income taxes (56,803) (36,687) (13,054)
Income tax expense (261) (56) (2)
Loss from continuing operations (57,064) (36,743) (13,056)
Discontinued operations:      
Income (loss) from discontinued operations 1,144 (193,085) (8,869)
Gain on sale of real estate from discontinued operations 12,939 17,825 8,518
Total discontinued operations 14,083 (175,260) (351)
Net income (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 income (loss) attributable to 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 income (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) $ (1.94) $ (1.74) $ (0.74)
Discontinued operations (in dollars per share) $ 0.32 $ (4.63) $ 0.32
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. (61,148) (37,531) (15,813)
Discontinued operations 9,899 (99,424) 6,870
Net income (loss) attributable to common stockholders $ (51,249) $ (136,955) $ (8,943)
[1] Included in income from office and parking properties are rental revenues, customer reimbursements, parking income and other income.
[2] Included in property operating expenses are real estate taxes, insurance, contract services, repairs and maintenance and property operating expenses.
[3] Interest expense for office properties represents interest expense on property secured mortgage debt. It does not include interest expense on the Company's unsecured credit facility, which is included in "Unallocated and Other".