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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Rental and other revenues $ 164,859 $ 145,236
Operating expenses:    
Rental property and other expenses 57,580 52,514
Depreciation and amortization 53,494 46,867
General and administrative 11,137 11,243
Total operating expenses 122,211 110,624
Interest expense:    
Contractual 19,715 20,442
Amortization of debt issuance costs 990 800
Total interest expense 20,705 21,242
Other income:    
Interest and other income 517 582
Total other income 517 582
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 22,460 13,952
Gains on disposition of property 4,397 1,157
Equity in earnings of unconsolidated affiliates 1,285 1,811
Income from continuing operations 28,142 16,920
Discontinued operations:    
Income from discontinued operations 4,097 3,915
Net gains on disposition of discontinued operations 414,496 0
Total income from discontinued operations 418,593 3,915
Net income 446,735 20,835
Net (income) attributable to noncontrolling interests in the Operating Partnership (13,011) (596)
Net (income) attributable to noncontrolling interests in consolidated affiliates (308) (296)
Dividends on Preferred Stock (626) (627)
Net income available for common stockholders $ 432,790 $ 19,316
Earnings per Common Share – basic:    
Income from continuing operations available for common stockholders (in dollars per share) $ 0.27 $ 0.17
Income from discontinued operations available for common stockholders (in dollars per share) 4.22 0.04
Net income available for common stockholders (in dollars per share) $ 4.49 $ 0.21
Weighted average Common Shares outstanding - basic (in shares) 96,373 93,222
Earnings per Common Share - diluted:    
Income from continuing operations available for common stockholders (in dollars per share) $ 0.27 $ 0.17
Income from discontinued operations available for common stockholders (in dollars per share) 4.22 0.04
Net income available for common stockholders (in dollars per share) $ 4.49 $ 0.21
Weighted average Common Shares outstanding - diluted (in shares) [1],[2] 99,357 96,279
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 $ 26,462 $ 15,521
Income from discontinued operations available for common stockholders 406,328 3,795
Net income available for common stockholders 432,790 19,316
Highwoods Realty Limited Partnership [Member]    
Rental and other revenues 164,859 145,236
Operating expenses:    
Rental property and other expenses 57,580 52,514
Depreciation and amortization 53,494 46,867
General and administrative 11,137 11,243
Total operating expenses 122,211 110,624
Interest expense:    
Contractual 19,715 20,442
Amortization of debt issuance costs 990 800
Total interest expense 20,705 21,242
Other income:    
Interest and other income 517 582
Total other income 517 582
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 22,460 13,952
Gains on disposition of property 4,397 1,157
Equity in earnings of unconsolidated affiliates 1,285 1,811
Income from continuing operations 28,142 16,920
Discontinued operations:    
Income from discontinued operations 4,097 3,915
Net gains on disposition of discontinued operations 414,496 0
Total income from discontinued operations 418,593 3,915
Net income 446,735 20,835
Net (income) attributable to noncontrolling interests in consolidated affiliates (308) (296)
Distributions on Preferred Units (626) (627)
Net income available for common unitholders $ 445,801 $ 19,912
Earnings per Common Unit - basic:    
Income from continuing operations available for common unitholders (in dollars per share) $ 0.28 $ 0.17
Income from discontinued operations available for common unitholders (in dollars per share) 4.23 0.04
Net income available for common unitholders (in dollars per share) $ 4.51 $ 0.21
Weighted average Common Units outstanding - basic (in shares) 98,864 95,746
Earnings per Common Unit - diluted:    
Income from continuing operations available for common unitholders (in dollars per share) $ 0.28 $ 0.17
Income from discontinued operations available for common unitholders (in dollars per share) 4.23 0.04
Net income available for common unitholders (in dollars per share) $ 4.51 $ 0.21
Weighted average Common Units outstanding - diluted (in shares) [3],[4] 98,948 95,870
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 $ 27,208 $ 15,997
Income from discontinued operations available for common unitholders 418,593 3,915
Net income available for common unitholders $ 445,801 $ 19,912
[1] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
[2] There were 0.4 million and 0.2 million options outstanding during the three months ended March 31, 2016 and 2015, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.
[3] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
[4] There were 0.4 million and 0.2 million options outstanding during the three months ended March 31, 2016 and 2015, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive.