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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Income from office and parking properties $ 110,574 $ 105,507 $ 341,741 $ 303,012
Management company income 3,060 5,143 8,646 16,572
Sale of condominium units 1,209 5,097 11,045 10,736
Total revenues 114,843 115,747 361,432 330,320
Expenses        
Property operating expenses 43,597 41,964 132,171 119,604
Management company expenses 2,915 3,351 8,206 15,364
Cost of sales – condominium units 988 4,375 11,079 8,712
Depreciation and amortization 46,618 46,481 142,810 131,742
Impairment loss on real estate 0 0 5,400 0
General and administrative 7,498 8,975 24,129 26,139
Acquisition costs 101 1,129 768 2,263
Total expenses 101,717 106,275 324,563 303,824
Operating income 13,126 9,472 36,869 26,496
Other income and expenses        
Interest and other income 218 121 700 890
Equity in earnings (losses) of unconsolidated joint ventures 339 191 923 (783)
Net gains on sale of real estate 47,351 6,664 106,913 12,953
Loss on extinguishment of debt (702) 0 (5,542) 0
Interest expense (17,017) (16,543) (53,891) (48,920)
Income (loss) before income taxes 43,315 (95) 85,972 (9,364)
Income tax expense (491) (164) (1,009) (762)
Income (loss) from continuing operations 42,824 (259) 84,963 (10,126)
Discontinued operations:        
Loss from discontinued operations 0 (289) 0 (381)
Net gains on sale of real estate from discontinued operations 0 0 0 10,463
Total discontinued operations 0 (289) 0 10,082
Net income (loss) 42,824 (548) 84,963 (44)
Net (income) loss attributable to noncontrolling interests – unit holders (1,617) 51 (2,572) 58
Net (income) loss attributable to noncontrolling interests – real estate partnerships (3,956) 12 (23,733) 501
Net income (loss) for Parkway Properties, Inc. and attributable to common stockholders 37,251 (485) 58,658 515
Net income (loss) 42,824 (548) 84,963 (44)
Other comprehensive income (loss) (2,951) 3,404 (2,539) (747)
Comprehensive income (loss) 39,873 2,856 82,424 (791)
Comprehensive (income) loss attributable to noncontrolling interests (5,837) (242) (27,450) 181
Comprehensive income (loss) attributable to common stockholders $ 34,036 $ 2,614 $ 54,974 $ (610)
Basic:        
Income (loss) from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ 0.33 $ 0.00 $ 0.53 $ (0.09)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.10
Basic net income attributable to Parkway Properties, Inc. (in dollars per share) 0.33 0.00 0.53 0.01
Diluted:        
Income (loss) from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) 0.33 0.00 0.52 (0.09)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.09
Diluted net income attributable to Parkway Properties, Inc. (in dollars per share) $ 0.33 $ 0.00 $ 0.52 $ 0.00
Weighted average shares outstanding:        
Basic (in shares) 111,583 100,016 111,449 98,825
Diluted (in shares) 116,723 100,016 116,667 104,217
Amounts attributable to Parkway Properties, Inc. common stockholders:        
Income (loss) from continuing operations attributable to Parkway Properties, Inc. $ 37,251 $ (307) $ 58,658 $ (9,161)
Discontinued operations 0 (178) 0 9,676
Net income (loss) attributable to common stockholders $ 37,251 $ (485) $ 58,658 $ 515