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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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Income from office and parking properties $ 105,507 $ 68,855 $ 303,012 $ 200,811
Management company income 5,143 4,470 16,572 13,302
Sale of condominium units 5,097 0 10,736 0
Total revenues 115,747 73,325 330,320 214,113
Expenses        
Property operating expense 41,964 28,130 119,604 80,241
Management company and other expenses 3,351 5,009 15,364 13,990
Cost of sales – condominium units 4,375 0 8,712 0
Depreciation and amortization 46,481 29,828 131,742 87,604
General and administrative 8,975 9,366 26,139 18,271
Acquisition costs 1,129 1,133 2,263 2,779
Total expenses 106,275 73,466 303,824 202,885
Operating income (loss) 9,472 (141) 26,496 11,228
Other income and expenses        
Interest and other income 121 434 890 619
Equity in earnings (losses) of unconsolidated joint ventures 191 393 (783) 472
Gain on sale of in-substance real estate 0 0 6,289 0
Gain on sale of real estate 6,664 0 6,664 0
Interest expense (16,543) (11,520) (48,920) (33,011)
Loss before income taxes (95) (10,834) (9,364) (20,692)
Income tax benefit (expense) (164) 839 (762) 1,730
Loss from continuing operations (259) (9,995) (10,126) (18,962)
Discontinued operations:        
Loss from discontinued operations (289) (4,863) (381) (7,532)
Gain on sale of real estate from discontinued operations 0 11,545 10,463 12,087
Total discontinued operations (289) 6,682 10,082 4,555
Net loss (548) (3,313) (44) (14,407)
Net loss attributable to noncontrolling interests – unit holders 51 1 58 3
Net loss attributable to noncontrolling interests – real estate partnerships 12 1,006 501 3,310
Net income (loss) for Parkway Properties, Inc. (485) (2,306) 515 (11,094)
Dividends on preferred stock 0 0 0 (3,433)
Dividends on preferred stock redemption 0 0 0 (6,604)
Net income (loss) attributable to common stockholders (485) (2,306) 515 (21,131)
Net loss (548) (3,313) (44) (14,407)
Other comprehensive income (loss) 3,404 (1,778) (747) 7,562
Comprehensive income (loss) 2,856 (5,091) (791) (6,845)
Comprehensive (income) loss attributable to noncontrolling interests (242) 1,246 181 (2,176)
Comprehensive income (loss) attributable to common stockholders 2,614 (3,845) (610) (9,021)
Basic:        
Loss from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ 0.00 $ (0.13) $ (0.09) $ (0.39)
Discontinued operations (in dollars per share) $ 0.00 $ 0.10 $ 0.10 $ 0.06
Basic net income (loss) attributable to Parkway Properties, Inc. (in dollars per share) $ 0.00 $ (0.03) $ 0.01 $ (0.33)
Diluted:        
Loss from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ 0.00 $ (0.13) $ (0.09) $ (0.39)
Discontinued operations (in dollars per share) $ 0.00 $ 0.10 $ 0.09 $ 0.06
Diluted net loss attributable to Parkway Properties, Inc. (in dollars per share) $ 0.00 $ (0.03) $ 0.00 $ (0.33)
Weighted average shares outstanding:        
Basic (in shares) 100,016 68,564 98,825 64,689
Diluted (in shares) 100,016 68,564 104,217 64,689
Amounts attributable to Parkway Properties, Inc. common stockholders:        
Loss from continuing operations attributable to Parkway Properties, Inc. (307) (8,722) (9,161) (25,154)
Discontinued operations (178) 6,416 9,676 4,023
Net income (loss) attributable to common stockholders $ (485) $ (2,306) $ 515 $ (21,131)