Net Income (Loss) Per Common Share

12 Months Ended

Dec. 31, 2015

The computation of diluted EPS is as follows (in thousands, except per share data):



	Year Ended
	December 31,
	2015		2014		2013
	(in thousands, except per share data)
Numerator:
Basic net income (loss) attributable to common stockholders	$	67,335	$	42,943	$	(29,687	)
Effect of net income attributable to noncontrolling interests - unit holders	2,947		2,089		—
Diluted net income (loss) attributable to common stockholders	$	70,282	$	45,032	$	(29,687	)
Denominator:
Basic weighted average shares outstanding	111,490		101,913		66,336
Effect of Operating Partnership Units	4,903		5,200		—
Effect of RSUs	205		182		—
Effect of restricted shares	5		13		—
Effect of deferred incentive share units	3		11		—
Effect of LTIP units	85		—		—
Diluted adjusted weighted average shares outstanding	116,691		107,319		66,336

Basic and diluted net income (loss) per share attributable to Parkway Properties, Inc.	$	0.60	$	0.42	$	(0.45	)

The computation of diluted EPS for 2015 did not include the effect of employee stock options as their inclusion would have been anti-dilutive. The computation of diluted EPS for 2014 did not include the effect of employee stock options and LTIP units as their inclusion would have been anti-dilutive. The computation of diluted EPS for 2013 did not include the effect of net loss attributable to unit holders in the numerator and Operating Partnership units, employee stock options, RSUs, restricted shares, deferred incentive share units, and LTIP units in the denominator, as their inclusion would have been anti-dilutive. Terms and conditions of these awards are described in "Note 15—Share-Based and Long-Term Compensation Plans."