Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

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,
	2014		2013
Numerator:
Basic and diluted net income (loss) attributable to common stockholders	$	10,845	$	(3,879	)
Basic weighted average shares	97,356		56,849
Dilutive weighted average shares	102,614		56,849
Diluted net income (loss) per share attributable to Parkway Properties, Inc.	$	0.11	$	(0.07	)

The computation of diluted EPS for the three months ended March 31, 2014 includes the effect of employee stock options, deferred incentive share units, restricted share units, and restricted shares. The computation of diluted EPS for the three months ended March 31, 2013 does not include the effect of employee stock options, deferred incentive share units, restricted share units, and restricted shares as their inclusion would have been anti-dilutive. Terms and conditions of these awards are described in Note 12 – Share-Based and Long-Term Compensation Plans.