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Net Income (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2014
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, if any, are deducted.  Diluted EPS reflects the potential dilution that could occur if share equivalents such as employee stock options, restricted shares, restricted share units ("RSUs"), deferred incentive share units and profits interest units ("LTIP units") were exercised or converted into common stock that then shared in the earnings of the Company.

The computation of diluted EPS is as follows (in thousands, except per share data):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
     Basic and diluted net income (loss) attributable to common stockholders
$
(485
)
 
$
(2,306
)
 
$
515

 
$
(21,131
)
Basic weighted average shares
100,016

 
68,564

 
98,825

 
64,689

Diluted weighted average shares
100,016

 
68,564

 
104,217

 
64,689

Diluted net loss per share attributable to Parkway Properties, Inc.
$
—

 
$
(0.03
)
 
$
—

 
$
(0.33
)


The computation of diluted EPS for the nine months ended September 30, 2014, includes the effect of employee stock options, restricted shares, RSUs, deferred incentive share units, and LTIP units. The computation of diluted EPS for the three months ended September 30, 2014 and three and nine months ended September 30, 2013 does not include the effect of employee stock options, restricted shares, RSUs, deferred incentive share units, and LTIP units as their inclusion would have been anti-dilutive. Terms and conditions of these awards are described in "Note 13 – Share-Based and Long-Term Compensation Plans."