XML 59 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income (Loss) Per Common Share
 6 Months Ended
Jun. 30, 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, if any, are deducted.  Diluted EPS reflects the potential dilution that could occur if share equivalents such as employee stock options, restricted shares, restricted share units ("RSUs"), deferred incentive share units and profits interest units ("LTIPs") were exercised or converted into common stock that then shared in the earnings of the Company.

The computation of diluted EPS is as follows (in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
     Basic and diluted net income (loss) attributable to common stockholders
$
(9,845
)
 
$
(14,946
)
 
$
1,000

 
$
(18,825
)
Basic weighted average shares
$
99,092

 
$
68,526

 
$
98,219

 
$
62,720

Dilutive weighted average shares
99,092

 
68,526

 
103,619

 
62,720

Diluted net income (loss) per share attributable to Parkway Properties, Inc.
$
(0.10
)
 
$
(0.22
)
 
$
0.01

 
$
(0.30
)


The computation of diluted EPS for the six months ended June 30, 2014, includes the effect of employee stock options, deferred incentive share units, RSUs, restricted shares and LTIPs. The computation of diluted EPS for the three months ended June 30, 2014, and three and six months ended June 30, 2013, does not include the effect of employee stock options, deferred incentive share units, restricted share units, restricted shares and LTIPs as their inclusion would have been anti-dilutive. Terms and conditions of these awards are described in Note 13 – Share-Based and Long-Term Compensation Plans.