Summarized quarterly financial data for the years ended December 31, 2013 and 2012 are as follows (in thousands, except per share data):



	2013
	First			Second			Third			Fourth
Revenues (other than gains) (1)	$	68,165		$	72,623		$	73,325		$	77,465
Expenses	(62,372		)	(67,047		)	(73,445		)	(82,226		)
Operating income (loss)	5,793			5,576			(120		)	(4,761		)
Interest and other income	102			82			434			1,618
Equity in earnings (loss) of unconsolidated joint ventures	—			79			393			(294		)
Interest expense	(10,329		)	(11,162		)	(11,521		)	(12,610		)
Income tax benefit (expense)	507			384			819			(305		)
Loss from continuing operations (1)	(3,927		)	(5,041		)	(9,995		)	(16,352		)
Discontinued operations:
Income (loss) from discontinued operations	960			(3,628		)	(4,863		)	(1,684		)
Gain on sale of real estate from discontinued operations	542			—			11,545			20,406
Total discontinued operations (1)	1,502			(3,628		)	6,682			18,722
Net income (loss)	(2,425		)	(8,669		)	(3,313		)	2,370
Noncontrolling interests	1,257			1,050			1,007			(10,927		)
Net loss attributable to Parkway Properties, Inc.	(1,168		)	(7,619		)	(2,306		)	(8,557		)
Dividends on preferred stock	(2,711		)	(722		)	—			—
Dividends on preferred stock redemption	—			(6,604		)	—			—
Net loss attributable to common stockholders	$	(3,879	)	$	(14,945	)	$	(2,306	)	$	(8,557	)

Net income (loss) per common share:
Basic:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.09	)	$	(0.17	)	$	(0.13	)	$	(0.21	)
Discontinued operations	0.02			(0.05		)	0.09			0.09
Basic net income (loss) attributable to Parkway Properties, Inc.	$	(0.07	)	$	(0.22	)	$	(0.04	)	$	(0.12	)
Dividends per common share	$	0.1875		$	0.15		$	0.15		$	0.15
Diluted:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.09	)	$	(0.17	)	$	(0.13	)	$	(0.21	)
Discontinued operations	0.02			(0.05		)	0.09			0.09
Diluted net income (loss) attributable to Parkway Properties, Inc.	$	(0.07	)	$	(0.22	)	$	(0.04	)	$	(0.12	)
Weighted average shares outstanding:
Basic	56,849			68,526			68,564			71,221
Diluted	56,849			68,526			68,564			71,221


(1)	The amounts presented for the three months ended March 31, 2013, June 30, 2013 and September 30, 2013 differ from the amounts previously reported in our Quarterly Reports on Form 10-Q as a result of discontinued operations consisting of properties sold in 2013 or classified as held for sale as of December 31, 2013.



	For the Three Months Ended
	March 31, 2013			June 30, 2013			September 30, 2013
Revenues, previously reported in Form 10-Q	$	72,112		$	76,078		$	74,576
Revenues, previously reported in Form 10-Q, subsequently reclassified to discontinued operations	(3,947		)	(3,455		)	(1,251		)
Total revenues disclosed in Form 10-K	$	68,165		$	72,623		$	73,325
Loss from continuing operations previously reported in Form 10-Q	$	(2,620	)	$	(4,282	)	$	(15,063	)
Loss from continuing operations, previously reported in Form 10-Q, subsequently reclassified to discontinued operations	(1,307		)	(759		)	5,068
Loss from continuing operations disclosed in Form 10-K	$	(3,927	)	$	(5,041	)	$	(9,995	)
Discontinued operations, previously reported in Form 10-Q	$	195		$	(4,387	)	$	11,750
Discontinued operations from properties sold or held for sale subsequent to the respective reporting period	1,307			759			(5,068		)
Discontinued operations disclosed in Form 10-K	$	1,502		$	(3,628	)	$	6,682



	2012
	First			Second			Third			Fourth
Revenues (other than gains) (1)	$	46,667		$	50,505		$	55,967		$	57,357
Expenses	(42,175		)	(44,813		)	(48,397		)	(100,407		)
Operating income (loss)	4,492			5,692			7,570			(43,050		)
Interest and other income	97			44			64			67
Gain on sale of real estate	—			—			48			—
Recovery of loss on mortgage loan receivable	—			—			500			—
Interest expense	(8,688		)	(8,394		)	(8,378		)	(8,892		)
Income tax benefit (expense)	(161		)	11			7			(118		)
Loss from continuing operations (1)	(4,260		)	(2,647		)	(189		)	(51,993		)
Discontinued operations:
Income (loss) from discontinued operations	4,012			724			410			(1,976		)
Gain on sale of real estate from discontinued operations	5,575			3,197			995			3,171
Total discontinued operations (1)	9,587			3,921			1,405			1,195
Net loss	5,327			1,274			1,216			(50,798		)
Noncontrolling interests	(622		)	1,499			913			1,796
Net income (loss) attributable to Parkway Properties, Inc.	4,705			2,773			2,129			(49,002		)
Dividends on preferred stock	(2,711		)	(2,710		)	(2,711		)	(2,711		)
Dividends on convertible preferred stock	—			(1,011		)	—			—
Net income (loss) available to common stockholders	$	1,994		$	(948	)	$	(582	)	$	(51,713	)

Net income (loss) per common share:
Basic:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.19	)	$	(0.19	)	$	(0.04	)	$	(1.19	)
Discontinued operations	0.28			0.15			0.02			0.03
Basic net loss attributable to Parkway Properties, Inc.	$	0.09		$	(0.04	)	$	(0.02	)	$	(1.16	)
Dividends per common share	$	0.075		$	0.075		$	0.1125		$	0.1125
Diluted:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.19	)	$	(0.19	)	$	(0.04	)	$	(1.19	)
Discontinued operations	0.28			0.15			0.02			0.03
Diluted net loss attributable to Parkway Properties, Inc.	$	0.09		$	(0.04	)	$	(0.02	)	$	(1.16	)
Weighted average shares outstanding:
Basic	21,568			23,440			36,487			44,476
Diluted	21,568			23,440			36,487			44,476


(1)	The amounts presented for the three months ended March 31, 2012, June 30, 2012 and September 30, 2012 differ from the amounts previously reported in our Quarterly Reports on Form 10-Q as a result of discontinued operations consisting of properties sold in 2013 or classified as held for sale as of December 31, 2013.



	For the Three Months Ended
	March 31, 2012			June 30, 2012			September 30, 2012
Revenues, previously reported in Form 10-Q	$	51,287		$	55,077		$	59,589
Revenues, previously reported in Form 10-Q, subsequently reclassified to discontinued operations	(4,620		)	(4,572		)	(3,622		)
Total revenues disclosed in Form 10-K	$	46,667		$	50,505		$	55,967
Loss from continuing operations previously reported in Form 10-Q	$	(3,520	)	$	(1,259	)	$	551
Loss from continuing operations, previously reported in Form 10-Q, subsequently reclassified to discontinued operations	(740		)	(1,388		)	(740		)
Loss from continuing operations disclosed in Form 10-K	$	(4,260	)	$	(2,647	)	$	(189	)
Discontinued operations, previously reported in Form 10-Q	$	8,847		$	2,533		$	665
Discontinued operations from properties sold or held for sale subsequent to the respective reporting period	740			1,388			740
Discontinued operations disclosed in Form 10-K	$	9,587		$	3,921		$	1,405