Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2012

Net Income Loss Per Common Share [Abstract]

Net Income (Loss) Per Common Share

Note B - Net Income (Loss) Per Common Share

Basic earnings per share ("EPS") are computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the period. In arriving at net income (loss) attributable to common stockholders, preferred stock dividends are deducted.  Diluted EPS reflects the potential dilution that could occur if share equivalents such as employee stock options, restricted shares and deferred incentive share units were exercised or converted into common stock that then shared in the earnings of Parkway.

The computation of diluted EPS is as follows (in thousands, except per share data):

	Three Months Ended March 31
		2012		2011
Numerator:
Basic and diluted net income (loss)           attributable to common stockholders	$	1,994	$	(6,782)
Basic weighted average shares		21,568		21,476
Dilutive weighted average shares		21,568		21,476
Diluted net income (loss) per share attributable to           Parkway Properties, Inc.	$	0.09	$	(0.32)

The computation of diluted EPS for the three months ended March 31, 2012 and 2011 did not include the effect of employee stock options, deferred incentive share units and restricted shares because their inclusion would have been anti-dilutive.