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Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Income from office and parking properties $ 116,915us-gaap_RealEstateRevenueNet $ 95,296us-gaap_RealEstateRevenueNet
Management company income 2,765us-gaap_ManagementFeesRevenue 5,983us-gaap_ManagementFeesRevenue
Sale of condominium units 4us-gaap_SalesOfRealEstate 2,834us-gaap_SalesOfRealEstate
Total revenues 119,684us-gaap_Revenues 104,113us-gaap_Revenues
Expenses    
Property operating expenses 44,994us-gaap_OperatingCostsAndExpenses 37,153us-gaap_OperatingCostsAndExpenses
Management company expenses 2,720us-gaap_ServiceManagementCosts 4,651us-gaap_ServiceManagementCosts
Cost of sales – condominium units 202us-gaap_CostOfRealEstateSales 2,020us-gaap_CostOfRealEstateSales
Depreciation and amortization 49,136us-gaap_DepreciationAndAmortization 40,280us-gaap_DepreciationAndAmortization
Impairment loss on real estate 1,000us-gaap_ImpairmentOfRealEstate 0us-gaap_ImpairmentOfRealEstate
General and administrative 8,884us-gaap_GeneralAndAdministrativeExpense 9,412us-gaap_GeneralAndAdministrativeExpense
Acquisition costs 471us-gaap_BusinessCombinationAcquisitionRelatedCosts 645us-gaap_BusinessCombinationAcquisitionRelatedCosts
Total expenses 107,407us-gaap_OperatingExpenses 94,161us-gaap_OperatingExpenses
Operating income 12,277us-gaap_OperatingIncomeLoss 9,952us-gaap_OperatingIncomeLoss
Other income and expenses    
Interest and other income 170us-gaap_InvestmentIncomeInterest 368us-gaap_InvestmentIncomeInterest
Equity in earnings (losses) of unconsolidated joint ventures 162us-gaap_IncomeLossFromEquityMethodInvestments (478)us-gaap_IncomeLossFromEquityMethodInvestments
Gain on sale of real estate 14,316us-gaap_GainsLossesOnSalesOfInvestmentRealEstate 6,289us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Gain on extinguishment of debt 79us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Interest expense (19,198)us-gaap_InterestExpense (15,244)us-gaap_InterestExpense
Income before income taxes 7,806us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 887us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (192)us-gaap_IncomeTaxExpenseBenefit (341)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 7,614us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 546us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations:    
Loss from discontinued operations 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (43)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Gain on sale of real estate from discontinued operations 0us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations 10,463us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations
Total discontinued operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 10,420us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income 7,614us-gaap_ProfitLoss 10,966us-gaap_ProfitLoss
Net income attributable to noncontrolling interests – unit holders (348)us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable (564)us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable
Net loss attributable to noncontrolling interests – real estate partnerships 9us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable 443us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
Net income for Parkway Properties, Inc. and attributable to common stockholders 7,275us-gaap_NetIncomeLoss 10,845us-gaap_NetIncomeLoss
Net income 7,614us-gaap_ProfitLoss 10,966us-gaap_ProfitLoss
Other comprehensive loss (3,223)us-gaap_OtherComprehensiveIncomeLossNetOfTax (121)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income 4,391us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 10,845us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Comprehensive income attributable to noncontrolling interests (169)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (195)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive income attributable to common stockholders 4,222us-gaap_ComprehensiveIncomeNetOfTax 10,650us-gaap_ComprehensiveIncomeNetOfTax
Basic:    
Income from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ 0.07us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.01us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.10us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic net income attributable to Parkway Properties, Inc. (in dollars per share) $ 0.07us-gaap_EarningsPerShareBasic $ 0.11us-gaap_EarningsPerShareBasic
Diluted:    
Income from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ 0.07us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.01us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.10us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted net income attributable to Parkway Properties, Inc. (in dollars per share) $ 0.07us-gaap_EarningsPerShareDiluted $ 0.11us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding:    
Basic (in shares) 111,216us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 97,356us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 116,531us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 102,614us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Amounts attributable to Parkway Properties, Inc. common stockholders:    
Income from continuing operations attributable to Parkway Properties, Inc. 7,275us-gaap_IncomeLossFromContinuingOperations 953us-gaap_IncomeLossFromContinuingOperations
Discontinued operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 9,892us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income attributable to common stockholders $ 7,275us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 10,845us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic