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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Rental and other revenues $ 148,453 $ 130,377
Operating expenses:    
Rental property and other expenses 56,390 46,594
Depreciation and amortization 48,165 40,088
General and administrative 10,714 10,582
Total operating expenses 115,269 97,264
Interest expense:    
Contractual 20,750 22,798
Amortization of deferred financing costs 652 949
Financing obligations (40) 121
Total interest expense 21,362 23,868
Other income:    
Interest and other income 1,399 1,783
Losses on debt extinguishment 0 (164)
Total other income 1,399 1,619
Income from continuing operations before activity in unconsolidated affiliates 13,221 10,864
Equity in earnings/(losses) of unconsolidated affiliates (29) 436
Income from continuing operations 13,192 11,300
Discontinued operations:    
Income from discontinued operations 0 2,344
Impairments of real estate assets 0 (1,128)
Net gains on disposition of discontinued operations 384 1,244
Total discontinued operations 384 2,460
Net income 13,576 13,760
Net (income) attributable to noncontrolling interests in the Operating Partnership (398) (581)
Net (income) attributable to noncontrolling interests in consolidated affiliates (423) (203)
Dividends on Preferred Stock (627) (627)
Net income available for common stockholders 12,128 12,349
Earnings per Common Share – basic:    
Income from continuing operations available for common stockholders (in dollars per share) $ 0.13 $ 0.12
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00 $ 0.03
Net income available for common stockholders (in dollars per share) $ 0.13 $ 0.15
Weighted average Common Shares outstanding - basic (in shares) 89,966 [1],[2] 81,029 [1],[2]
Earnings per Common Share - diluted:    
Income from continuing operations available for common stockholders (in dollars per share) $ 0.13 $ 0.12
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00 $ 0.03
Net income available for common stockholders (in dollars per share) $ 0.13 $ 0.15
Weighted average Common Shares outstanding - diluted (in shares) 93,030 [1],[2] 84,862 [1],[2]
Dividends declared per Common Share (in dollars per share) $ 0.425 $ 0.425
Net income available for common stockholders:    
Income from continuing operations available for common stockholders 11,756 9,998
Income from discontinued operations available for common stockholders 372 2,351
Net income available for common stockholders 12,128 12,349
Highwoods Realty Limited Partnership [Member]
   
Rental and other revenues 148,453 130,377
Operating expenses:    
Rental property and other expenses 56,374 46,620
Depreciation and amortization 48,165 40,088
General and administrative 10,730 10,556
Total operating expenses 115,269 97,264
Interest expense:    
Contractual 20,750 22,798
Amortization of deferred financing costs 652 949
Financing obligations (40) 121
Total interest expense 21,362 23,868
Other income:    
Interest and other income 1,399 1,783
Losses on debt extinguishment 0 (164)
Total other income 1,399 1,619
Income from continuing operations before activity in unconsolidated affiliates 13,221 10,864
Equity in earnings/(losses) of unconsolidated affiliates (29) 383
Income from continuing operations 13,192 11,247
Discontinued operations:    
Income from discontinued operations 0 2,344
Impairments of real estate assets 0 (1,128)
Net gains on disposition of discontinued operations 384 1,244
Total discontinued operations 384 2,460
Net income 13,576 13,707
Net (income) attributable to noncontrolling interests in consolidated affiliates (423) (203)
Distributions on Preferred Units (627) (627)
Net income available for common unitholders 12,526 12,877
Earnings per Common Unit - basic:    
Income from continuing operations available for common unitholders (in dollars per share) $ 0.13 $ 0.12
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.01 $ 0.03
Net income available for common unitholders (in dollars per share) $ 0.14 $ 0.15
Weighted average Common Units outstanding - basic (in shares) 92,497 [2],[3] 84,345 [2],[3]
Earnings per Common Unit - diluted:    
Income from continuing operations available for common unitholders (in dollars per share) $ 0.13 $ 0.12
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.01 $ 0.03
Net income available for common unitholders (in dollars per share) $ 0.14 $ 0.15
Weighted average Common Units outstanding - diluted (in shares) 92,621 [2],[3] 84,453 [2],[3]
Distributions declared per Common Unit (in dollars per unit) $ 0.425 $ 0.425
Net income available for common unitholders:    
Income from continuing operations available for common unitholders 12,142 10,417
Income from discontinued operations available for common unitholders 384 2,460
Net income available for common unitholders $ 12,526 $ 12,877
[1] There were 0.3 million and 0.5 million options outstanding during the three months ended March 31, 2014 and 2013, 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.
[3] There were 0.3 million and 0.5 million options outstanding during the three months ended March 31, 2014 and 2013, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive.