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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Income from office properties $ 452,597 $ 418,007 $ 273,434
Management company income 10,321 22,140 18,145
Sale of condominium units 11,065 16,554 0
Total revenues 473,983 456,701 291,579
Expenses      
Property operating expenses 173,241 168,071 108,867
Management company expenses 9,935 20,280 19,399
Cost of sales - condominium units 11,120 13,199 15
Depreciation and amortization 190,387 182,955 118,031
Impairment loss on real estate 5,400 11,700 0
Impairment loss on management contracts 0 4,750 0
General and administrative 31,194 32,660 25,653
Acquisition costs 2,074 3,463 13,126
Total expenses 423,351 437,078 285,091
Operating income 50,632 19,623 6,488
Other income and expenses      
Interest and other income 903 1,452 2,236
Equity in earnings (losses) of unconsolidated joint ventures 2,204 (967) 178
Gain on sale of in-substance real estate 0 6,289 0
Net gains on sale of real estate 110,732 76,378 0
Gain on sale of unconsolidated property 9,698 0 0
Loss on extinguishment of debt (6,062) (2,405) 0
Interest expense (71,481) (66,095) (45,622)
Income (loss) before income taxes 96,626 34,275 (36,720)
Income tax (expense) benefit (1,903) (139) 1,405
Income (loss) from continuing operations 94,723 34,136 (35,315)
Discontinued operations:      
Loss from discontinued operations 0 (391) (9,215)
Gain on sale of real estate from discontinued operations 0 10,463 32,493
Total discontinued operations 0 10,072 23,278
Net income (loss) 94,723 44,208 (12,037)
Net (income) loss attributable to noncontrolling interests-unit holders (2,947) (2,089) 291
Net (income) loss attributable to noncontrolling interests-real estate partnerships (24,441) 824 (7,904)
Net income (loss) for Parkway Properties, Inc. 67,335 42,943 (19,650)
Dividends on preferred stock 0 0 (3,433)
Dividends on preferred stock redemption 0 0 (6,604)
Net income (loss) attributable to common stockholders 67,335 42,943 (29,687)
Net income (loss) 94,723 44,208 (12,037)
Other comprehensive income (loss) 1,499 (3,758) 9,779
Comprehensive income (loss) 96,222 40,450 (2,258)
Comprehensive income attributable to noncontrolling interests (28,920) (1,494) (15,146)
Comprehensive income (loss) attributable to common stockholders $ 67,302 $ 38,956 $ (17,404)
Basic:      
Income (loss) from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ 0.60 $ 0.33 $ (0.60)
Discontinued operations (in dollars per share) 0.00 0.09 0.15
Basic net income (loss) attributable to Parkway Properties, Inc. (in dollars per share) 0.60 0.42 (0.45)
Diluted:      
Income (loss) from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) 0.60 0.33 (0.60)
Discontinued operations (in dollars per share) 0.00 0.09 0.15
Diluted net income (loss) attributable to Parkway Properties, Inc. (in dollars per share) $ 0.60 $ 0.42 $ (0.45)
Weighted average shares outstanding:      
Basic (in shares) 111,490 101,913 66,336
Diluted (in shares) 116,691 107,319 66,336
Amounts attributable to Parkway Properties, Inc. common stockholders:      
Income (loss) from continuing operations attributable to Parkway Properties, Inc. $ 67,335 $ 33,223 $ (39,522)
Discontinued operations 0 9,720 9,835
Net income (loss) attributable to common stockholders $ 67,335 $ 42,943 $ (29,687)