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Consolidated Statements of Operations and Comprehensive Loss (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Income from office and parking properties $ 273,433 $ 190,718 $ 130,401
Management company income 18,145 19,778 16,896
Total revenues 291,578 210,496 147,297
Expenses      
Property operating expenses 108,881 76,835 55,247
Depreciation and amortization 118,031 74,626 49,119
Impairment loss on real estate 0 5,700 6,420
Impairment loss on mortgage loan receivable 0 0 (9,235)
Impairment loss on management contracts and goodwill 0 41,967 0
Change in fair value of contingent consideration 0 216 (13,000)
Management company expenses 19,399 17,237 13,337
General and administrative 25,653 16,420 18,805
Acquisition costs 13,126 2,791 17,219
Total expenses and other 285,090 235,792 156,382
Operating income (loss) 6,488 (25,296) (9,085)
Other income and expenses      
Interest and other income 2,236 272 938
Equity in earnings of unconsolidated joint ventures 178 0 57
Gain on sale of real estate 0 48 743
Recovery of loss on mortgage loan receivable 0 500 0
Interest expense (45,622) (34,352) (29,929)
Loss before income taxes (36,720) (58,828) (37,276)
Income tax benefit (expense) 1,405 (261) (56)
Loss from continuing operations (35,315) (59,089) (37,332)
Discontinued operations:      
Income (loss) from discontinued operations (9,215) 3,170 (192,496)
Gain on sale of real estate from discontinued operations 32,493 12,938 17,825
Total discontinued operations 23,278 16,108 (174,671)
Net income (loss) (12,037) (42,981) (212,003)
Net (income) loss attributable to noncontrolling interests-real estate partnerships (7,904) 3,317 85,105
Net (income) loss attributable to noncontrolling interests-unit holders 291 269 (5)
Net income (loss) attributable to Parkway Properties, Inc. (19,650) (39,395) (126,903)
Dividends on preferred stock (3,433) (10,843) (10,052)
Dividends on convertible preferred stock 0 (1,011) 0
Dividends on preferred stock redemption (6,604) 0 0
Net income (loss) attributable to common stockholders (29,687) (51,249) (136,955)
Change in fair value of interest rate swaps 9,779 (3,364) (8,131)
Comprehensive loss (2,258) (46,345) (220,134)
Comprehensive (income) loss attributable to noncontrolling interests (15,146) 5,865 92,894
Comprehensive loss attributable to common stockholders (17,404) (40,480) (127,240)
Basic and Diluted:      
Loss from continuing operations attributable to Parkway Properties, Inc. $ (0.60) $ (1.98) $ (1.79)
Discontinued operations (in dollars per share) $ 0.15 $ 0.36 $ (4.58)
Basic and diluted net loss attributable to Parkway Properties, Inc. $ (0.45) $ (1.62) $ (6.37)
Weighted average shares outstanding:      
Basic 66,336 31,542 21,497
Diluted 66,336 31,542 21,497
Amounts attributable to Parkway Properties, Inc. common stockholders:      
Loss from continuing operations attributable to Parkway Properties, Inc. (39,522) (62,537) (38,502)
Discontinued operations 9,835 11,288 (98,453)
Net income (loss) attributable to common stockholders $ (29,687) $ (51,249) $ (136,955)