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Guarantor and Non-Guarantor Financial Information
 6 Months Ended
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Guarantor and Non-Guarantor Financial Information Guarantor and Non-Guarantor Financial Information
The following condensed consolidating financial information for Piedmont (the "Parent", "Guarantor", and/or "Consolidated"), Piedmont OP (the "Issuer"), and the other directly and indirectly owned subsidiaries of Piedmont as the Guarantor (the "Non-Guarantors") is provided pursuant to the requirements of Rule 3-10 of Regulation S-X regarding financial statements of guarantors and issuers of guaranteed registered securities. The Issuer is a wholly-owned subsidiary of the Guarantor, and all guarantees by the Guarantor of securities issued by the Issuer are full and unconditional. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Non-Guarantor Subsidiaries.

Condensed Consolidating Balance Sheets
As of June 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Assets:
Real estate assets, at cost:
Land$— $36,094 $481,385 $— $517,479 
Buildings and improvements, less accumulated depreciation
— 186,061 2,156,267 (300)2,342,028 
Intangible lease assets, less accumulated amortization
— — 79,331 — 79,331 
Construction in progress— 785 12,467 — 13,252 
Total real estate assets
— 222,940 2,729,450 (300)2,952,090 
Cash and cash equivalents150 3,484 4,114 — 7,748 
Tenant and straight-line rent receivables
— 16,744 165,172 — 181,916 
Investment in subsidiaries1,703,277 2,839,828 164 (4,543,269)— 
Notes receivable— 810 144,500 (145,310)— 
Prepaid expenses, restricted cash, escrows, interest rate swaps, and other assets
71 5,868 28,689 (52)34,576 
Goodwill— 98,918 — — 98,918 
Deferred lease costs, net
— 14,369 235,750 — 250,119 
Total assets
$1,703,498 $3,202,961 $3,307,839 $(4,688,931)$3,525,367 
Liabilities:
Debt, net$— $1,472,146 $335,140 $(145,310)$1,661,976 
Accounts payable, accrued expenses, and accrued capital expenditures
523 13,085 83,946 (52)97,502 
Deferred income— 2,210 22,431 — 24,641 
Intangible lease liabilities, net
— — 32,724 — 32,724 
Interest rate swaps— 5,549 — — 5,549 
Total liabilities
523 1,492,990 474,241 (145,362)1,822,392 
Equity:
Total stockholders’ equity
1,702,975 1,709,971 2,833,598 (4,543,569)1,702,975 
Total liabilities and stockholders’ equity
$1,703,498 $3,202,961 $3,307,839 $(4,688,931)$3,525,367 
Condensed Consolidating Balance Sheets
As of December 31, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Assets:
Real estate assets, at cost:
Land$— $36,094 $471,328 $— $507,422 
Buildings and improvements, less accumulated depreciation
— 176,927 2,128,469 (300)2,305,096 
Intangible lease assets, less accumulated amortization
— — 77,676 — 77,676 
Construction in progress— 5,708 10,140 — 15,848 
Real estate assets held for sale, net— — 110,552 — 110,552 
Total real estate assets
— 218,729 2,798,165 (300)3,016,594 
Cash and cash equivalents150 — 4,939 (518)4,571 
Tenant and straight-line rent receivables
— 16,143 157,246 — 173,389 
Investment in subsidiaries1,744,122 2,704,337 166 (4,448,625)— 
Notes receivable— 810 144,500 (145,310)— 
Prepaid expenses, restricted cash, escrows, interest rate swaps, and other assets42 5,682 22,318 (24)28,018 
Goodwill— 98,918 — — 98,918 
Deferred lease costs, net
— 15,158 234,990 — 250,148 
Other assets held for sale, net— — 20,791 — 20,791 
Total assets
$1,744,314 $3,059,777 $3,383,115 $(4,594,777)$3,592,429 
Liabilities:
Debt, net$— $1,495,065 $335,717 $(145,310)$1,685,472 
Accounts payable, accrued expenses, dividends payable, interest rate swaps and accrued capital expenditures32,174 15,382 83,316 (542)130,330 
Deferred income— 2,274 26,505 — 28,779 
Intangible lease liabilities, net
— — 35,708 — 35,708 
Total liabilities
32,174 1,512,721 481,246 (145,852)1,880,289 
Equity:
Total stockholders’ equity
1,712,140 1,547,056 2,901,869 (4,448,925)1,712,140 
Total liabilities and stockholders’ equity
$1,744,314 $3,059,777 $3,383,115 $(4,594,777)$3,592,429 
Guarantor and Non-Guarantor Financial Information
Consolidating Statements of Income
For the three months ended June 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Revenues:
Rental and tenant reimbursement revenue
$— $11,271 $114,906 $(709)$125,468 
Property management fee revenue
— — 4,331 (3,909)422 
Other property related income
— 40 4,738 — 4,778 
— 11,311 123,975 (4,618)130,668 
Expenses:
Property operating costs
— 5,255 51,743 (4,618)52,380 
Depreciation
— 3,009 23,339 — 26,348 
Amortization
— 469 17,992 — 18,461 
General and administrative
94 1,567 10,757 — 12,418 
94 10,300 103,831 (4,618)109,607 
Other income (expense):
Interest expense
— (13,392)(3,600)1,880 (15,112)
Other income/(expense)
— 38 2,594 (1,880)752 
Gain on sale of real estate assets
— — 1,451 — 1,451 
Income/(loss) before consolidated subsidiaries
(94)(12,343)20,589 — 8,152 
Income from subsidiaries
8,247 24,118 — (32,365)— 
Net income8,153 11,775 20,589 (32,365)8,152 
Plus: Net loss applicable to noncontrolling interest
— — 1 — 1 
Net income applicable to Piedmont
$8,153 $11,775 $20,590 $(32,365)$8,153 
Consolidating Statements of Income
For the three months ended June 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Revenues:
Rental and tenant reimbursement revenue
$— $11,433 $112,684 $(592)$123,525 
Property management fee revenue
— — 4,147 (3,765)382 
Other property related income
— 29 5,238 — 5,267 
— 11,462 122,069 (4,357)129,174 
Expenses:
Property operating costs
— 4,927 52,067 (4,357)52,637 
Depreciation
— 2,846 24,269 — 27,115 
Amortization
— 463 14,782 — 15,245 
General and administrative
86 1,539 6,633 — 8,258 
86 9,775 97,751 (4,357)103,255 
Other income (expense):
Interest expense
— (13,953)(3,614)1,880 (15,687)
Other income/(expense)
— 36 2,575 (1,880)731 
Loss on sale of real estate assets, net
— (13)(10)— (23)
— (13,930)(1,049)— (14,979)
Income/(loss) before consolidated subsidiaries(86)(12,243)23,269 — 10,940 
Income from subsidiaries
11,028 24,557 — (35,585)— 
Net income10,942 12,314 23,269 (35,585)10,940 
Plus: Net loss applicable to noncontrolling interest
— — 2 — 2 
Net income applicable to Piedmont
$10,942 $12,314 $23,271 $(35,585)$10,942 
Guarantor and Non-Guarantor Financial Information
Consolidating Statements of Income
For the six months ended June 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Revenues:
Rental and tenant reimbursement revenue
$— $22,892 $226,189 $(1,108)$247,973 
Property management fee revenue
— — 8,328 (7,637)691 
Other property related income
— 57 10,353 — 10,410 
— 22,949 244,870 (8,745)259,074 
Expenses:
Property operating costs
— 9,641 103,600 (8,745)104,496 
Depreciation
— 5,710 48,550 — 54,260 
Amortization
— 1,074 30,904 — 31,978 
General and administrative
186 3,425 11,199 — 14,810 
186 19,850 194,253 (8,745)205,544 
Other income (expense):
Interest expense
— (25,975)(7,312)3,842 (29,445)
Other income/(expense)
— 160 4,859 (3,842)1,177 
Loss on extinguishment of debt
— (1,680)— — (1,680)
Gain on sale of real estate assets, net
— 1,417 43,769 — 45,186 
— (26,078)41,316 — 15,238 
Income/(loss) before consolidated subsidiaries(186)(22,979)91,933 — 68,768 
Income from subsidiaries
68,958 92,226 — (161,184)$— 
Net income68,772 69,247 91,933 (161,184)68,768 
Plus: Net loss applicable to noncontrolling interest
— — 4 — 4 
Net income applicable to Piedmont
$68,772 $69,247 $91,937 $(161,184)$68,772 
Guarantor and Non-Guarantor Financial Information
Consolidating Statements of Comprehensive Income
For the Three Months Ended June 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$8,153 $11,775 $20,590 $(32,365)$8,153 
Other comprehensive loss:
Effective portion of loss on derivative instruments that are designated and qualify as cash flow hedges
(3,465)(3,465)— 3,465 (3,465)
Less: Reclassification of net gain included in net income
(672)(672)— 672 (672)
Other comprehensive loss(4,137)(4,137)— 4,137 (4,137)
Comprehensive income$4,016 $7,638 $20,590 $(28,228)$4,016 


Consolidating Statements of Comprehensive Income
For the Three Months Ended June 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$10,942 $12,314 $23,271 $(35,585)$10,942 
Other comprehensive income:
Effective portion of gain on derivative instruments that are designated and qualify as cash flow hedges
1,747 1,747 — (1,747)1,747 
Less: Reclassification of net gain included in net income
(245)(245)— 245 (245)
Other comprehensive income1,502 1,502 — (1,502)1,502 
Comprehensive income$12,444 $13,816 $23,271 $(37,087)$12,444 
Guarantor and Non-Guarantor Financial Information
Consolidating Statements of Comprehensive Income
For the Six Months Ended June 30, 2019
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$58,361 $24,176 $83,463 $(107,639)$58,361 
Other comprehensive loss:
Effective portion of loss on derivative instruments that are designated and qualify as cash flow hedges
(5,489)(5,489)— 5,489 (5,489)
Less: Reclassification of net gain included in net income
(1,443)(1,443)— 1,443 (1,443)
Other comprehensive loss(6,932)(6,932)— 6,932 (6,932)
Comprehensive income$51,429 $17,244 $83,463 $(100,707)$51,429 


Consolidating Statements of Comprehensive Income
For the Six Months Ended June 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net income$68,772 $69,247 $91,937 $(161,184)$68,772 
Other comprehensive income:
Effective portion of gain on derivative instruments that are designated and qualify as cash flow hedges
3,264 3,264 — (3,264)3,264 
Plus: Reclassification of net loss included in net income
807 807 — (807)807 
Other comprehensive income4,071 4,071 — (4,071)4,071 
Comprehensive income$72,843 $73,318 $91,937 $(165,255)$72,843 
Guarantor and Non-Guarantor Financial Information
Condensed Consolidating Statements of Cash Flows
For the six months ended June 30, 2018
(in thousands)Piedmont
(Parent)
(Guarantor)		Piedmont OP
(the Issuer)		Non-GuarantorsEliminationsConsolidated
Net Cash Provided by Operating Activities
$71,842 $73,022 $99,557 $(161,176)$83,245 
Cash Flows from Investing Activities:
Investment in real estate assets and intangibles
— (3,159)(51,493)— (54,652)
Intercompany note receivable
— 88,000 — (88,000)— 
Net sales proceeds from wholly-owned properties
— 36,572 382,985 — 419,557 
Note receivable issuance— — (3,200)— (3,200)
Deferred lease costs paid
— (20)(10,199)— (10,219)
Distributions from subsidiaries353,518 64,863 — (418,381)— 
Net cash provided by investing activities
353,518 186,256 318,093 (506,381)351,486 
Cash Flows from Financing Activities:
Debt issuance costs paid— (248)— — (248)
Proceeds from debt— 773,225 — — 773,225 
Repayments of debt— (780,000)(721)— (780,721)
Intercompany note payable— — (88,000)88,000 — 
Value of shares withheld to pay tax obligations related to employee stock compensation
(2,213)— — — (2,213)
Repurchases of common stock as part of announced plan
(266,062)— — — (266,062)
Distributions
(157,085)(250,818)(328,762)579,557 (157,108)
Net cash used in financing activities
(425,360)(257,841)(417,483)667,557 (433,127)
Net increase in cash, cash equivalents, and restricted cash and escrows
— 1,437 167 — 1,604 
Cash, cash equivalents, and restricted cash and escrows, beginning of period
150 3,906 4,699 — 8,755 
Cash, cash equivalents, and restricted cash and escrows, end of period
$150 $5,343 $4,866 $— $10,359