Management Contracts	9 Months Ended
Sep. 30, 2012
Management Contracts [Abstract]
Management Contracts	Note G – Management Contracts During 2011, as part of the Company's combination with Eola, Parkway purchased the management contracts associated with Eola's property management business. At the purchase date, the contracts were valued by an independent appraiser at $52.0 million. The value of the management contracts is based on the sum of the present value of future cash flows attributable to the management contracts, in addition to the value of tax savings as a result of the amortization of intangible assets. During the nine months ended September 30, 2012, the Company recorded amortization expense of $2.6 million on the management contracts. Also, in conjunction with the valuation of the management company, the Company recorded $26.2 million of goodwill, a $31.0 million liability related to contingent consideration and a deferred tax liability of $14.8 million. At September 30, 2012, management contracts, net of accumulated amortization totaled $47.0 million, goodwill totaled $26.2 million and deferred tax liability totaled $13.6 million. There is no remaining liability with respect to the contingent consideration.

Note G – Management Contracts

During 2011, as part of the Company's combination with Eola, Parkway purchased the management contracts associated with Eola's property management business. At the purchase date, the contracts were valued by an independent appraiser at $52.0 million. The value of the management contracts is based on the sum of the present value of future cash flows attributable to the management contracts, in addition to the value of tax savings as a result of the amortization of intangible assets. During the nine months ended September 30, 2012, the Company recorded amortization expense of $2.6 million on the management contracts. Also, in conjunction with the valuation of the management company, the Company recorded $26.2 million of goodwill, a $31.0 million liability related to contingent consideration and a deferred tax liability of $14.8 million. At September 30, 2012, management contracts, net of accumulated amortization totaled $47.0 million, goodwill totaled $26.2 million and deferred tax liability totaled $13.6 million. There is no remaining liability with respect to the contingent consideration.