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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Rental and other revenues $ 556,810 $ 485,046 $ 431,956
Operating expenses:      
Rental property and other expenses 203,344 176,744 157,306
Depreciation and amortization 176,957 146,357 127,499
General and administrative 37,193 37,377 35,727
Total operating expenses 417,494 360,478 320,532
Interest expense:      
Contractual 88,838 92,838 91,458
Amortization of deferred financing costs 3,802 3,685 3,312
Financing obligations 63 (409) 740
Total interest expense 92,703 96,114 95,510
Other income:      
Interest and other income 6,597 7,353 7,387
Losses on debt extinguishment (199) (973) (24)
Total other income 6,398 6,380 7,363
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 53,011 34,834 23,277
Gains/(losses) on disposition of property (3) 0 764
Gains/(losses) on for-sale residential condominiums 0 444 (316)
Gains on disposition of investments in unconsolidated affiliates 0 0 2,282
Gain on acquisition of controlling interest in unconsolidated affiliate 7,451 0 0
Equity in earnings of unconsolidated affiliates 2,264 5,035 4,878
Income from continuing operations 62,723 40,313 30,885
Discontinued operations:      
Income from discontinued operations 6,776 14,467 16,942
Impairment of real estate assets (2,194) 0 (2,429)
Net gains on disposition of discontinued operations 63,792 29,455 2,573
Total discontinued operations 68,374 43,922 17,086
Net income 131,097 84,235 47,971
Net (income) attributable to noncontrolling interests in the Operating Partnership (4,691) (3,854) (2,091)
Net (income) attributable to noncontrolling interests in consolidated affiliates (949) (786) (755)
Dividends on Preferred Stock (2,508) (2,508) (4,553)
Excess of Preferred Stock redemption/repurchase cost over carrying value 0 0 (1,895)
Net income available for common stockholders 122,949 77,087 38,677
Earnings per Common Share - basic:      
Income from continuing operations available for common stockholders (in dollars per share) $ 0.67 $ 0.47 $ 0.31
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.77 $ 0.55 $ 0.23
Net income available for common stockholders (in dollars per share) $ 1.44 $ 1.02 $ 0.54
Weighted average Common Shares outstanding - basic (in shares) 85,335 [1],[2] 75,811 [1],[2] 72,281 [1],[2]
Earnings per Common Share - diluted:      
Income from continuing operations available for common stockholders (in dollars per share) $ 0.67 $ 0.47 $ 0.31
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.77 $ 0.55 $ 0.23
Net income available for common stockholders (in dollars per share) $ 1.44 $ 1.02 $ 0.54
Weighted average Common Shares outstanding - diluted (in shares) 88,836 [1] 79,678 [1] 76,189 [1]
Net income available for common stockholders:      
Income from continuing operations available for common stockholders 57,081 35,252 22,443
Income from discontinued operations available for common stockholders 65,868 41,835 16,234
Net income available for common stockholders 122,949 77,087 38,677
Highwoods Realty Limited Partnership [Member]
     
Rental and other revenues 556,810 485,046 431,956
Operating expenses:      
Rental property and other expenses 203,303 176,495 157,280
Depreciation and amortization 176,957 146,357 127,499
General and administrative 37,234 37,626 35,753
Total operating expenses 417,494 360,478 320,532
Interest expense:      
Contractual 88,838 92,838 91,458
Amortization of deferred financing costs 3,802 3,685 3,312
Financing obligations 63 (409) 740
Total interest expense 92,703 96,114 95,510
Other income:      
Interest and other income 6,597 7,353 7,387
Losses on debt extinguishment (199) (973) (24)
Total other income 6,398 6,380 7,363
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 53,011 34,834 23,277
Gains/(losses) on disposition of property (3) 0 764
Gains/(losses) on for-sale residential condominiums 0 444 (316)
Gains on disposition of investments in unconsolidated affiliates 0 0 2,282
Gain on acquisition of controlling interest in unconsolidated affiliate 7,451 0 0
Equity in earnings of unconsolidated affiliates 2,213 5,095 4,939
Income from continuing operations 62,672 40,373 30,946
Discontinued operations:      
Income from discontinued operations 6,776 14,467 16,942
Impairment of real estate assets (2,194) 0 (2,429)
Net gains on disposition of discontinued operations 63,792 29,455 2,573
Total discontinued operations 68,374 43,922 17,086
Net income 131,046 84,295 48,032
Net (income) attributable to noncontrolling interests in consolidated affiliates (949) (786) (755)
Distributions on Preferred Units (2,508) (2,508) (4,553)
Excess of Preferred Unit redemption/repurchase cost over carrying value 0 0 (1,895)
Net income available for common unitholders 127,589 81,001 40,829
Earnings per Common Unit - basic:      
Income from continuing operations available for common unitholders (in dollars per share) $ 0.67 $ 0.47 $ 0.31
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.77 $ 0.55 $ 0.23
Net income available for common unitholders (in dollars per share) $ 1.44 $ 1.02 $ 0.54
Weighted average Common Units outstanding - basic (in shares) 88,313 79,147 75,644
Earnings per Common Unit - diluted:      
Income from continuing operations available for common unitholders (in dollars per share) $ 0.67 $ 0.47 $ 0.31
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.77 $ 0.55 $ 0.23
Net income available for common unitholders (in dollars per share) $ 1.44 $ 1.02 $ 0.54
Weighted average Common Units outstanding - diluted (in shares) 88,427 79,269 75,780
Net income available for common unitholders:      
Income from continuing operations available for common unitholders 59,215 37,079 23,743
Total discontinued operations 68,374 43,922 17,086
Net income available for common unitholders $ 127,589 $ 81,001 $ 40,829
[1] There were 0.3 million, 0.5 million and 0.4 million options outstanding during the years ended December 31, 2013, 2012 and 2011, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.
[2] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.