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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental income $ 92,948 $ 93,986 $ 185,263 $ 189,307
Facility management fees 133 165 280 331
Total operating revenues 93,081 94,151 185,543 189,638
Expenses:        
Cost of operations 30,057 31,535 61,803 64,979
Depreciation and amortization 27,025 28,295 53,258 56,736
General and administrative 3,497 3,363 6,896 5,850
Total operating expenses 60,579 63,193 121,957 127,565
Other income and (expense):        
Interest and other income 145 95 252 157
Interest and other expense (3,338) (3,403) (6,661) (6,779)
Total other income and (expense) (3,193) (3,308) (6,409) (6,622)
Gain on sale of real estate facilities     12,487  
Net income 29,309 27,650 69,664 55,451
Net income allocable to noncontrolling interests:        
Noncontrolling interests - common units 3,016 2,669 8,379 5,372
Total net income allocable to noncontrolling interests 3,016 2,669 8,379 5,372
Net income allocable to PS Business Parks, Inc.:        
Preferred shareholders 15,122 15,122 30,244 30,244
Restricted stock unit holders 42 33 140 69
Common shareholders 11,129 9,826 30,901 19,766
Total net income allocable to PS Business Parks, Inc. 26,293 24,981 61,285 50,079
Net income $ 29,309 $ 27,650 $ 69,664 $ 55,451
Net income per common share:        
Basic $ 0.41 $ 0.37 $ 1.15 $ 0.74
Diluted $ 0.41 $ 0.36 $ 1.14 $ 0.73
Weighted average common shares outstanding:        
Basic 26,956 26,899 26,941 26,881
Diluted 27,033 26,999 27,027 26,981
Dividends declared per common share $ 0.50 $ 0.50 $ 1.00 $ 1.00