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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Income from office and parking properties $ 149,000 $ 95,190 $ 96,720
Management company income 16,896 1,652 1,870
Total revenues 165,896 96,842 98,590
Expenses and other      
Property operating expenses 61,637 41,268 42,917
Depreciation and amortization 57,002 28,961 28,295
Impairment loss on real estate 6,420 0 8,817
Impairment loss on mortgage loan receivable 9,235 0 0
Change in fair value of contingent consideration (13,000) 0 0
Management company expenses 13,337 2,756 1,987
General and administrative 18,805 15,318 14,305
Acquisition costs 17,219 846 0
Total expenses and other 170,655 89,149 96,321
Operating income (loss) (4,759) 7,693 2,269
Other income and expenses      
Interest and other income 938 1,487 1,597
Equity in earnings of unconsolidated joint ventures 57 326 445
Gain on involuntary conversion 0 40 823
Gain on sale of real estate 743 0 470
Interest expense (31,612) (20,271) (19,158)
Loss before income taxes (34,633) (10,725) (13,554)
Income tax expense (56) (2) (3)
Loss from continuing operations (34,689) (10,727) (13,557)
Discontinued operations:      
Loss from discontinued operations (195,139) (11,198) (8,608)
Gain on sale of real estate from discontinued operations 17,825 8,518 0
Total discontinued operations (177,314) (2,680) (8,608)
Net loss (212,003) (13,407) (22,165)
Net loss attributable to noncontrolling interest 85,100 10,789 10,562
Net loss for Parkway Properties, Inc. (126,903) (2,618) (11,603)
Dividends on preferred stock (10,052) (6,325) (4,800)
Net loss attributable to common stockholders (136,955) (8,943) (16,403)
Basic:      
Loss from continuing operations attributable to Parkway Properties, Inc. $ (1.80) $ (0.76) $ (0.96)
Discontinued operations $ (4.57) $ 0.34 $ 0.11
Basic net loss attributable to Parkway Properties, Inc. $ (6.37) $ (0.42) $ (0.85)
Diluted:      
Loss from continuing operations attributable to Parkway Properties, Inc. $ (1.80) $ (0.76) $ (0.96)
Discontinued operations $ (4.57) $ 0.34 $ 0.11
Diluted net loss attributable to Parkway Properties, Inc. $ (6.37) $ (0.42) $ (0.85)
Weighted average shares outstanding:      
Basic 21,497,000 21,421,000 19,304,000
Diluted 21,497,000 21,421,000 19,304,000
Amounts attributable to Parkway Properties, Inc. common stockholders:      
Loss from continuing operations attributable to Parkway Properties, Inc. (38,710) (16,203) (18,434)
Discontinued operations (98,245) 7,260 2,031
Net loss attributable to common stockholders $ (136,955) $ (8,943) $ (16,403)