Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Tax Basis Income

Piedmont’s income tax basis net income for the years ended December 31, 2018, 2017, and 2016, is calculated as follows (in thousands):

	2018			2017			2016
GAAP basis financial statement net income	$	130,296		$	133,564		$	99,732
Increase/(decrease) in net income resulting from:
Depreciation and amortization expense recognized for financial reporting purposes in excess of amounts recognized for income tax purposes	54,420			62,916			69,214
Rental income accrued for income tax purposes less than amounts for financial reporting purposes	(9,681		)	(25,432		)	(18,964		)
Net amortization of above/below-market lease intangibles for income tax purposes in excess of amounts for financial reporting purposes	(7,453		)	(6,041		)	(4,895		)
Gain on disposal of property for financial reporting purposes less than/(in excess of) amounts for income tax purposes	(36,241		)	10,068			(118,713		)
Taxable income or loss of Piedmont Washington Properties, Inc., in excess of/(less than) amount for financial reporting purposes	(2,089		)	176			(1,042		)
Other expenses, including impairment loss on real estate assets, for financial reporting purposes in excess of/ (less than) amounts for income tax purposes	(37,394		)	49,859			42,019
Taxable income for POH in excess of/(less than) amount for financial reporting purposes	(64		)	(28		)	648
Income tax basis net income, prior to dividends paid deduction	$	91,794		$	225,082		$	67,999

Schedule of Characterization Of Dividends To Common Stockholders

For income tax purposes, dividends to common stockholders are characterized as ordinary income, capital gains, or as a return of a stockholder’s invested capital. The composition of Piedmont’s distributions per common share is presented below:

	2018		2017		2016
Ordinary income	100.00	%	53.61	%	81.77	%
Return of capital	—	%	—	%	18.23	%
Capital gains	—	%	46.39	%	—	%
	100	%	100	%	100	%