XML 104 R88.htm IDEA: XBRL DOCUMENT v3.3.1.900
Selected Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]                      
Revenues (other than gains) $ 112,551 $ 114,843 $ 126,905 $ 119,684 $ 126,381 $ 115,747 $ 110,460 $ 104,113 $ 473,983 $ 456,701 $ 291,579
Expenses (98,788) (101,717) (115,439) (107,407) (133,253) (106,275) (103,390) (94,160) (423,351) (437,078) (285,091)
Operating income 13,763 13,126 11,466 12,277 (6,872) 9,472 7,070 9,953 50,632 19,623 6,488
Interest and other income 203 218 312 170 561 121 402 368 903 1,452 2,236
Equity in earnings (loss) of unconsolidated joint ventures 1,281 339 422 162 (184) 191 (496) (478) 2,204 (967) 178
Gain on sale of in-substance real estate         0 0 0 6,289 0 6,289 0
Net gains on sale of real estate 3,819 47,351 45,246 14,316 69,714 6,664 0 0 110,732 76,378 0
Gain on sale of unconsolidated property 9,698 0 0 0         9,698 0 0
Gain (loss) on extinguishment of debt (520) (702) (4,919) 79 (2,066) 0 (339) 0 (6,062) (2,405) 0
Interest expense (17,590) (17,017) (17,676) (19,198) (17,515) (16,543) (16,793) (15,244) (71,481) (66,095) (45,622)
Income tax (expense) benefit (894) (491) (326) (192) 624 (164) (257) (342) (1,903) (139) 1,405
Income (loss) from continuing operations         44,262 (259) (10,413) 546 94,723 34,136 (35,315)
Discontinued operations:                      
Loss from discontinued operations         (9) (289) (50) (43) 0 (391) (9,215)
Gain on sale of real estate from discontinued operations         0 0 0 10,463 0 10,463 32,493
Total discontinued operations         (9) (289) (50) 10,420 0 10,072 23,278
Net income (loss) 9,760 42,824 34,525 7,614 44,253 (548) (10,463) 10,966 94,723 44,208 (12,037)
Noncontrolling interests (1,083) (5,573) (20,393) (339) (1,825) 63 618 (121)      
Net income (loss) attributable to common stockholders $ 8,677 $ 37,251 $ 14,132 $ 7,275 $ 42,428 $ (485) $ (9,845) $ 10,845 $ 67,335 $ 42,943 $ (29,687)
Basic:                      
Income (loss) from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) $ 0.08 $ 0.33 $ 0.13 $ 0.07 $ 0.38 $ 0.00 $ (0.10) $ 0.00 $ 0.60 $ 0.33 $ (0.60)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.00 0.09 0.15
Basic net income (loss) attributable to Parkway Properties, Inc. (in dollars per share) 0.08 0.33 0.13 0.07 0.38 0.00 (0.10) 0.11 0.60 0.42 (0.45)
Dividends per common share (in dollars per share) 0.1875 0.1875 0.1875 0.1875 0.1875 0.1875 0.1875 0.1875 0.75 0.75 0.6375
Diluted:                      
Income (loss) from continuing operations attributable to Parkway Properties, Inc. (in dollars per share) 0.08 0.33 0.13 0.07 0.38 0.00 (0.10) 0.00 0.60 0.33 (0.60)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.00 0.09 0.15
Diluted net income (loss) attributable to Parkway Properties, Inc. (in dollars per share) $ 0.08 $ 0.33 $ 0.13 $ 0.07 $ 0.38 $ 0.00 $ (0.10) $ 0.11 $ 0.60 $ 0.42 $ (0.45)
Weighted average shares outstanding:                      
Basic (in shares) 111,614 111,583 111,543 111,216 111,076 100,016 99,092 97,356 111,490 101,913 66,336
Diluted (in shares) 116,760 116,723 116,666 116,531 116,521 100,016 99,092 102,614 116,691 107,319 66,336