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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Income from office and parking properties $ 102,208 $ 68,143 $ 197,504 $ 131,956
Management company income 5,446 4,480 11,429 8,832
Sale of condominium units 2,805 0 5,639 0
Total revenues 110,459 72,623 214,572 140,788
Expenses        
Property operating expense 40,487 27,424 77,641 52,112
Cost of sales - condominium units 2,319 0 4,338 0
Depreciation and amortization 44,981 29,831 85,261 57,776
Management company and other expenses 7,356 4,591 12,006 8,981
General and administrative 7,757 4,690 17,169 8,905
Acquisition costs 489 511 1,134 1,646
Total expenses 103,389 67,047 197,549 129,420
Operating income (loss) 7,070 5,576 17,023 11,368
Other income and expenses        
Interest and other income 463 82 832 185
Equity in earnings (losses) of unconsolidated joint ventures (557) 79 (1,035) 79
Gain on sale of in-substance real estate   0 6,289 0
Interest expense (17,132) (11,162) (32,377) (21,491)
Loss before income taxes (10,156) (5,425) (9,268) (9,859)
Income tax benefit (expense) (257) 384 (599) 891
Loss from continuing operations (10,413) (5,041) (9,867) (8,968)
Discontinued operations:        
Loss from discontinued operations (50) (3,628) (93) (2,668)
Gain on sale of real estate from discontinued operations 0 0 10,463 542
Total discontinued operations (50) (3,628) 10,370 (2,126)
Net income (loss) (10,463) (8,669) 503 (11,094)
Net loss attributable to noncontrolling interests – unit holders 571 0 7 2
Net loss attributable to noncontrolling interest – real estate partnerships 47 1,049 490 2,304
Net income (loss) for Parkway Properties, Inc. (9,845) (7,620) 1,000 (8,788)
Dividends on preferred stock 0 (722) 0 (3,433)
Dividends on preferred stock redemption 0 (6,604) 0 (6,604)
Net income (loss) attributable to common stockholders (9,845) (14,946) 1,000 (18,825)
Net income (loss) (10,463) (8,669) 503 (11,094)
Change in fair value of interest rate swaps (4,030) 8,093 (4,151) 9,339
Comprehensive loss (14,493) (576) (3,648) (1,755)
Comprehensive (income) loss attributable to noncontrolling interests 228 (1,579) 423 (3,422)
Comprehensive loss attributable to common stockholders (14,265) (2,155) (3,225) (5,177)
Basic:        
Loss from continuing operations attributable to Parkway Properties, Inc. $ (0.10) $ (0.17) $ (0.09) $ (0.26)
Discontinued operations $ 0.00 $ (0.05) $ 0.10 $ (0.04)
Basic net income (loss) attributable to Parkway Properties, Inc. $ (0.10) $ (0.22) $ 0.01 $ (0.30)
Diluted:        
Loss from continuing operations attributable to Parkway Properties, Inc. $ (0.10) $ (0.17) $ (0.09) $ (0.26)
Discontinued operations $ 0.00 $ (0.05) $ 0.10 $ (0.04)
Diluted net income (loss) attributable to Parkway Properties, Inc. $ (0.10) $ (0.22) $ 0.01 $ (0.30)
Weighted average shares outstanding:        
Basic (in shares) 99,092 68,526 98,219 62,720
Diluted (in shares) 99,092 68,526 103,619 62,720
Amounts attributable to Parkway Properties, Inc. common stockholders:        
Loss from continuing operations attributable to Parkway Properties, Inc. (9,798) (11,292) (8,854) (16,432)
Discontinued operations (47) (3,654) 9,854 (2,393)
Net income (loss) attributable to common stockholders $ (9,845) $ (14,946) $ 1,000 $ (18,825)