Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of disposition and properties held for sale

The amount of revenues and expenses for these office properties reported in discontinued operations for the years ended December 31, 2015, 2014 and 2013 is as follows (in thousands):

	Year Ended
	December 31,
	2015		2014			2013
Statements of Operations:
Revenues
Income from office properties	$	—	$	99		$	14,976
Expenses
Property operating expenses	—		373			6,835
Management company expenses	—		1			(39		)
Depreciation and amortization	—		116			4,561
Impairment loss on real estate	—		—			10,200
Loss on extinguishment of debt	—		—			2,149
Interest expense	—		—			485
Total expenses	—		490			24,191
Loss from discontinued operations	—		(391		)	(9,215		)
Net gains on sale of real estate from discontinued operations	—		10,463			32,493
Total discontinued operations per Statement of Operations	—		10,072			23,278
Net income attributable to noncontrolling interest from discontinued operations	—		(352		)	(13,443		)
Total discontinued operations – Parkway's Share	$	—	$	9,720		$	9,835

All current and prior period income from the following office property dispositions are included in discontinued operations for the years ended December 31, 2015, 2014 and 2013 (in thousands).

Office Properties	Location	Date of Sale	Net Sales Price		Net Book Value of Real Estate		Gain on Sale		Impairment Loss
Atrium at Stoneridge (1)	Columbia, SC	03/20/2013	2,966		2,424		542		3,500
Waterstone (2)	Atlanta, GA	07/10/2013	3,247		3,207		40		3,000
Meridian (2)	Atlanta, GA	07/10/2013	6,615		6,560		55		1,600
Bank of America Plaza	Nashville, TN	07/17/2013	41,093		29,643		11,450		—
Lakewood II	Atlanta, GA	10/31/2013	10,240		4,403		5,837		—
Carmel Crossing	Charlotte, NC	11/08/2013	36,673		22,104		14,569		—
2013 Dispositions (3)			$	100,834	$	68,341	$	32,493	$	8,100
Woodbranch Building	Houston, TX	01/14/2014	14,424		4,450		9,974		—
Mesa Corporate Center (2)	Phoenix, AZ	01/31/2014	12,257		11,768		489		5,600
2014 Dispositions (4)			$	26,681	$	16,218	$	10,463	$	5,600

(1) The impairment loss on real estate in connection with Atrium at Stoneridge was recognized in discontinued operations during the year ended December 31, 2012.

(2) The impairment loss on real estate recognized in discontinued operations during the year ended December 31, 2013 was comprised of a $4.6 million loss in connection with the Company's Waterstone and Meridian properties that were sold in 2013 and a $5.6 million loss in connection with the valuation of Mesa Corporate Center based on its estimated fair value of the asset, and which was classified as held for sale at December 31, 2013.

(3) Total gain on the sale of real estate in discontinued operations recognized during the year ended December 31, 2013 was $32.5 million, of which $18.2 million was the Company's proportionate share.

(4) With the adoption of ASU 2014-08, "Reporting Discontinued Operations and Disposals of Components of an Entity" effective January 1, 2014, the Company's 2014 sales of the Woodbranch Building and Mesa Corporate Center are included in discontinued operations for the year ended December 31, 2014 as these properties were previously classified as held for sale at December 31, 2013. The Company's 2014 sales of the Schlumberger Building and 525 North Tryon are included in the continuing operations section of the consolidated statement of operations and comprehensive income (loss) as they were not previously classified as held for sale in any prior period financial statements.