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Quarterly Results (unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
A summary of the unaudited quarterly financial information for the years ended December 31, 2012 and 2011, is presented below (in thousands, except per-share data). The amounts presented may have been restated from previous period presentations due to reclassifications related to discontinued operations (see Note 14 for further detail).

 
2012
 
 
First
 
Second
 
Third
 
Fourth
 
Revenues
$
132,320

 
$
133,092

 
$
134,891

 
$
136,079

 
Real estate operating income
$
34,542

 
$
35,624

 
$
33,947

 
$
35,665

 
Income from continuing operations
$
18,272

 
$
20,212

 
$
10,905

(1) 
$
14,452

(2) 
Income from discontinued operations
$
18,959

 
$
10,499

 
$
(70
)
 
$
(10
)
 
Net income attributable to Piedmont
$
37,227

 
$
30,708

 
$
10,831

 
$
14,438

 
Basic earnings per share
$
0.22

 
$
0.18

 
$
0.06

 
$
0.09

 
Diluted earnings per share
$
0.22

 
$
0.18

 
$
0.06

 
$
0.09

 
Dividends per share
$
0.2000

 
$
0.2000

 
$
0.2000

 
$
0.2000

 

(1) 
Includes $7.5 million of litigation settlement expense related to agreements in principle to settle Piedmont's two outstanding class action lawsuits.
(2) 
Includes $5.2 million in net casualty loss due to damage and related expenses incurred as a result of Hurricane Sandy.

 
2011
 
First
 
Second
 
Third
 
Fourth
Revenues
$
130,216

 
$
135,176

 
$
132,478

 
$
135,623

Real estate operating income
$
39,710

 
$
35,452

 
$
36,341

 
$
32,428

Income from continuing operations
$
29,658

 
$
17,403

 
$
20,499

 
$
17,518

Income from discontinued operations
$
4,313

 
$
3,628

 
$
30,531

 
$
101,506

Net income attributable to Piedmont
$
33,967

 
$
21,028

 
$
51,026

 
$
119,020

Basic earnings per share
$
0.20

 
$
0.12

 
$
0.30

 
$
0.68

Diluted earnings per share
$
0.20

 
$
0.12

 
$
0.29

 
$
0.69

Dividends per share
$
0.3150

 
$
0.3150

 
$
0.3150

 
$
0.3150