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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Income from office properties $ 106,249 $ 114,252 $ 215,877 $ 231,167
Management company income 1,260 2,821 2,696 5,586
Sale of condominium units 0 9,832 0 9,836
Total revenues 107,509 126,905 218,573 246,589
Expenses        
Property operating expenses 41,272 43,580 84,205 88,574
Management company expenses 1,189 2,571 1,863 5,291
Cost of sales – condominium units 0 9,889 0 10,091
Depreciation and amortization 38,631 47,056 80,571 96,192
Impairment loss on real estate 0 4,400 0 5,400
General and administrative 12,264 7,747 19,263 16,631
Acquisition costs 0 196 0 667
Total expenses 93,356 115,439 185,902 222,846
Operating income 14,153 11,466 32,671 23,743
Other income and expenses        
Interest and other income 191 312 435 482
Equity in earnings of unconsolidated joint ventures 270 422 519 584
Net gains (losses) on sale of real estate (38) 45,246 62,982 59,562
Gain (loss) on extinguishment of debt, net 462 (4,919) 462 (4,840)
Interest expense (15,798) (17,676) (32,713) (36,874)
Income (loss) before income taxes (760) 34,851 64,356 42,657
Income tax expense (312) (326) (887) (518)
Net income (loss) (1,072) 34,525 63,469 42,139
Net (income) loss attributable to noncontrolling interests – unit holders 89 (607) (2,566) (955)
Net income attributable to noncontrolling interests – real estate partnerships (1,176) (19,786) (1,669) (19,777)
Net income (loss) for Parkway Properties, Inc. and attributable to common stockholders (2,159) 14,132 59,234 21,407
Net income (loss) (1,072) 34,525 63,469 42,139
Other comprehensive income (loss) (977) 3,635 (5,264) 412
Comprehensive income (loss) (2,049) 38,160 58,205 42,551
Comprehensive income attributable to noncontrolling interests (1,122) (21,444) (4,091) (21,613)
Comprehensive income (loss) attributable to common stockholders $ (3,171) $ 16,716 $ 54,114 $ 20,938
Net income (loss) per common share attributable to Parkway Properties, Inc.:        
Basic net income (loss) per common share attributable to Parkway Properties, Inc. (in dollars per share) $ (0.02) $ 0.13 $ 0.53 $ 0.19
Diluted net income (loss) per common share attributable to Parkway Properties, Inc. (in dollars per share) $ (0.02) $ 0.13 $ 0.53 $ 0.19
Weighted average shares outstanding:        
Basic (in shares) 111,725 111,543 111,692 111,381
Diluted (in shares) 111,725 116,666 116,957 116,638