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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Income from office properties $ 109,628 $ 116,915
Management company income 1,436 2,765
Sale of condominium units 0 4
Total revenues 111,064 119,684
Expenses    
Property operating expenses 42,933 44,994
Management company expenses 674 2,720
Cost of sales – condominium units 0 202
Depreciation and amortization 41,940 49,136
Impairment loss on real estate 0 1,000
General and administrative 6,999 8,884
Acquisition costs 0 471
Total expenses 92,546 107,407
Operating income 18,518 12,277
Other income and expenses    
Interest and other income 244 170
Equity in earnings of unconsolidated joint ventures 249 162
Net gains on sale of real estate 63,020 14,316
Gain on extinguishment of debt 0 79
Interest expense (16,915) (19,198)
Income before income taxes 65,116 7,806
Income tax expense (575) (192)
Net income 64,541 7,614
Net income attributable to noncontrolling interests – unit holders (2,655) (348)
Net (income) loss attributable to noncontrolling interests – real estate partnerships (493) 9
Net income for Parkway Properties, Inc. and attributable to common stockholders 61,393 7,275
Net income 64,541 7,614
Other comprehensive loss (4,287) (3,223)
Comprehensive income 60,254 4,391
Comprehensive income attributable to noncontrolling interests (2,969) (169)
Comprehensive income attributable to common stockholders $ 57,285 $ 4,222
Net income per common share attributable to Parkway Properties, Inc.:    
Basic net income per common share attributable to Parkway Properties, Inc. (in dollars per share) $ 0.55 $ 0.07
Diluted net income per common share attributable to Parkway Properties, Inc. (in dollars per share) $ 0.55 $ 0.07
Weighted average shares outstanding:    
Basic (in shares) 111,658 111,216
Diluted (in shares) 116,687 116,531