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Selected Quarterly Financial Data (Unaudited) (Notes)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited):

Summarized quarterly financial data for the years ended December 31, 2014 and 2013 are as follows (in thousands, except per share data):
 
2014
 
First
 
Second
 
Third
 
Fourth
Revenues (other than gains)
$
104,113

 
$
110,460

 
$
115,747

 
$
126,381

Expenses
(94,160
)
 
(103,390
)
 
(106,275
)
 
(133,253
)
Operating income (loss)
9,953

 
7,070

 
9,472

 
(6,872
)
Interest and other income
368

 
402

 
121

 
561

Equity in earnings (loss) of unconsolidated joint ventures
(478
)
 
(496
)
 
191

 
(184
)
Gain on sale of in-substance real estate
6,289

 
—

 
—

 
—

Gain on sale of real estate
—

 
—

 
6,664

 
69,714

Loss on extinguishment of debt
—

 
(339
)
 
—

 
(2,066
)
Interest expense
(15,244
)
 
(16,793
)
 
(16,543
)
 
(17,515
)
Income tax benefit (expense)
(342
)
 
(257
)
 
(164
)
 
624

Income (loss) from continuing operations
546

 
(10,413
)
 
(259
)
 
44,262

Discontinued operations:
 
 
 
 
 
 
 
Loss from discontinued operations
(43
)
 
(50
)
 
(289
)
 
(9
)
Gain on sale of real estate from discontinued operations
10,463

 
—

 
—

 
—

Total discontinued operations
10,420

 
(50
)
 
(289
)
 
(9
)
Net income (loss)
10,966

 
(10,463
)
 
(548
)
 
44,253

Noncontrolling interests
(121
)
 
618

 
63

 
(1,825
)
Net income (loss) attributable to Parkway Properties, Inc.
10,845

 
(9,845
)
 
(485
)
 
42,428

Dividends on preferred stock
—

 
—

 
—

 
—

Dividends on preferred stock redemption
—

 
—

 
—

 
—

Net income (loss) attributable to common stockholders
$
10,845

 
$
(9,845
)
 
$
(485
)
 
$
42,428

 
 
 
 
 
 
 
 
Net income (loss) per common share:
 

 
 

 
 

 
 

Basic:
 

 
 

 
 

 
 

Income (loss) from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
—

 
$
(0.10
)
 
$
—

 
$
0.38

Discontinued operations
0.11

 
—

 
—

 
—

Basic net income (loss) attributable to Parkway Properties, Inc.
$
0.11

 
$
(0.10
)
 
$
—

 
$
0.38

Dividends per common share
$
0.1875

 
$
0.1875

 
$
0.1875

 
$
0.1875

Diluted:
 

 
 

 
 

 
 

Income (loss) from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
—

 
$
(0.10
)
 
$
—

 
$
0.38

Discontinued operations
0.11

 
—

 
—

 
—

Diluted net income (loss) attributable to Parkway Properties, Inc.
$
0.11

 
$
(0.10
)
 
$
—

 
$
0.38

Weighted average shares outstanding:
 

 
 

 
 

 
 

Basic
97,356

 
99,092

 
100,016

 
111,076

Diluted
102,614

 
99,092

 
100,016

 
116,521



    
 
2013
 
First
 
Second
 
Third
 
Fourth
Revenues (other than gains) (1)
$
68,165

 
$
72,623

 
$
73,325

 
$
77,465

Expenses
(62,372
)
 
(67,047
)
 
(73,445
)
 
(82,226
)
Operating income (loss)
5,793

 
5,576

 
(120
)
 
(4,761
)
Interest and other income
102

 
82

 
434

 
1,618

Equity in earnings (losses) of unconsolidated joint ventures
 
 
79

 
393

 
(294
)
Interest expense
(10,329
)
 
(11,162
)
 
(11,521
)
 
(12,610
)
Income tax benefit (expense)
507

 
384

 
819

 
(305
)
Loss from continuing operations (1)
(3,927
)
 
(5,041
)
 
(9,995
)
 
(16,352
)
Discontinued operations:
 
 
 
 
 
 
 
Income (loss) from discontinued operations
960

 
(3,628
)
 
(4,863
)
 
(1,684
)
Gain on sale of real estate from discontinued operations
542

 
—

 
11,545

 
20,406

Total discontinued operations (1)
1,502

 
(3,628
)
 
6,682

 
18,722

Net income (loss)
(2,425
)
 
(8,669
)
 
(3,313
)
 
2,370

Noncontrolling interests
1,257

 
1,050

 
1,007

 
(10,927
)
Net loss attributable to Parkway Properties, Inc.
(1,168
)
 
(7,619
)
 
(2,306
)
 
(8,557
)
Dividends on preferred stock
(2,711
)
 
(722
)
 
—

 
—

Dividends on convertible preferred stock
—

 
(6,604
)
 
—

 
—

Net loss available to common stockholders
$
(3,879
)
 
$
(14,945
)
 
$
(2,306
)
 
$
(8,557
)
 
 
 
 
 
 
 
 
Net income (loss) per common share:
 

 
 

 
 

 
 

Basic:
 

 
 

 
 

 
 

Loss from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
(0.09
)
 
$
(0.17
)
 
$
(0.13
)
 
$
(0.21
)
Discontinued operations
0.02

 
(0.05
)
 
0.09

 
0.09

Basic net loss attributable to Parkway Properties, Inc.
$
(0.07
)
 
$
(0.22
)
 
$
(0.04
)
 
$
(0.12
)
Dividends per common share
$
0.1875

 
$
0.15

 
$
0.15

 
$
0.15

Diluted:
 

 
 

 
 

 
 

Loss from continuing operations attributable to
 

 
 

 
 

 
 

Parkway Properties, Inc.
$
(0.09
)
 
$
(0.17
)
 
$
(0.13
)
 
$
(0.21
)
Discontinued operations
0.02

 
(0.05
)
 
0.09

 
0.09

Diluted net loss attributable to Parkway Properties, Inc.
$
(0.07
)
 
$
(0.22
)
 
$
(0.04
)
 
$
(0.12
)
Weighted average shares outstanding:
 

 
 

 
 

 
 

Basic
56,849

 
68,526

 
68,564

 
71,221

Diluted
56,849

 
68,526

 
68,564

 
71,221



(1)
The amounts presented for the three months ended March 31, 2013, June 30, 2013 and September 30, 2013 differ from the amounts previously reported in the Company's Quarterly Reports on Form 10-Q as a result of discontinued operations consisting of properties sold in 2013 or classified as held for sale as of December 31, 2013.
 
For the Three Months Ended
 
March 31, 2013
 
June 30, 2013
 
September 30, 2013
Revenues, previously reported in Form 10-Q
$
72,112

 
$
76,078

 
$
74,576

Revenues, previously reported in Form 10-Q, subsequently reclassified to discontinued operations
(3,947
)
 
(3,455
)
 
(1,251
)
Total revenues disclosed in Form 10-K
$
68,165

 
$
72,623

 
$
73,325

Loss from continuing operations previously reported in Form 10-Q
$
(2,620
)
 
$
(4,282
)
 
$
(15,063
)
Loss from continuing operations, previously reported in Form 10-Q, subsequently reclassified to discontinued operations
(1,307
)
 
(759
)
 
5,068

Loss from continuing operations disclosed in Form 10-K
$
(3,927
)
 
$
(5,041
)
 
$
(9,995
)
Discontinued operations, previously reported in Form 10-Q
$
195

 
$
(4,387
)
 
$
11,750

Discontinued operations from properties sold or held for sale subsequent to the respective reporting period
1,307

 
759

 
(5,068
)
Discontinued operations disclosed in Form 10-K
$
1,502

 
$
(3,628
)
 
$
6,682