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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Rental and other revenues $ 604,671 $ 555,871 $ 505,008
Operating expenses:      
Rental property and other expenses 215,941 205,884 184,187
Depreciation and amortization 201,918 180,637 162,937
Impairments of real estate assets 0 588 0
General and administrative 37,642 35,258 36,381
Total operating expenses 455,501 422,367 383,505
Interest expense:      
Contractual 82,245 82,287 88,838
Amortization of deferred financing costs 3,645 3,082 3,802
Financing obligation 162 (242) (754)
Total interest expense 86,052 85,127 91,886
Other income:      
Interest and other income 1,969 2,739 3,511
Losses on debt extinguishment (243) (308) (199)
Total other income 1,726 2,431 3,312
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 64,844 50,808 32,929
Gains/(losses) on disposition of property 11,444 44,352 (3)
Gain on disposition of investment in unconsolidated affiliate 4,155 0 0
Gain on acquisition of controlling interest in unconsolidated affiliate 0 0 7,451
Equity in earnings of unconsolidated affiliates 5,078 1,827 2,264
Income from continuing operations 85,521 96,987 42,641
Discontinued operations:      
Income from discontinued operations 15,739 18,601 26,858
Impairments of real estate assets 0 0 (2,194)
Net gains on disposition of discontinued operations 0 384 63,792
Total income from discontinued operations 15,739 18,985 88,456
Net income 101,260 115,972 131,097
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,918) (3,542) (4,691)
Net (income) attributable to noncontrolling interests in consolidated affiliates (1,264) (1,466) (949)
Dividends on Preferred Stock (2,506) (2,507) (2,508)
Net income available for common stockholders $ 94,572 $ 108,457 $ 122,949
Earnings per Common Share - basic:      
Income from continuing operations available for common stockholders (in dollars per share) $ 0.84 $ 1.00 $ 0.44
Income from discontinued operations available for common stockholders (in dollars per share) 0.16 0.20 1.00
Net income available for common stockholders (in dollars per share) $ 1.00 $ 1.20 $ 1.44
Weighted average Common Shares outstanding - basic (in shares) 94,404 90,743 85,335
Earnings per Common Share - diluted:      
Income from continuing operations available for common stockholders (in dollars per share) $ 0.84 $ 0.99 $ 0.44
Income from discontinued operations available for common stockholders (in dollars per share) 0.16 0.20 1.00
Net income available for common stockholders (in dollars per share) $ 1.00 $ 1.19 $ 1.44
Weighted average Common Shares outstanding - diluted (in shares) [1],[2] 97,406 93,800 88,836
Net income available for common stockholders:      
Income from continuing operations available for common stockholders $ 79,308 $ 90,069 $ 37,890
Income from discontinued operations available for common stockholders 15,264 18,388 85,059
Net income available for common stockholders 94,572 108,457 122,949
Highwoods Realty Limited Partnership [Member]      
Rental and other revenues 604,671 555,871 505,008
Operating expenses:      
Rental property and other expenses 215,941 205,835 184,146
Depreciation and amortization 201,918 180,637 162,937
Impairments of real estate assets 0 588 0
General and administrative 37,642 35,307 36,422
Total operating expenses 455,501 422,367 383,505
Interest expense:      
Contractual 82,245 82,287 88,838
Amortization of deferred financing costs 3,645 3,082 3,802
Financing obligation 162 (242) (754)
Total interest expense 86,052 85,127 91,886
Other income:      
Interest and other income 1,969 2,739 3,511
Losses on debt extinguishment (243) (308) (199)
Total other income 1,726 2,431 3,312
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 64,844 50,808 32,929
Gains/(losses) on disposition of property 11,444 44,352 (3)
Gain on disposition of investment in unconsolidated affiliate 4,155 0 0
Gain on acquisition of controlling interest in unconsolidated affiliate 0 0 7,451
Equity in earnings of unconsolidated affiliates 5,078 1,827 2,213
Income from continuing operations 85,521 96,987 42,590
Discontinued operations:      
Income from discontinued operations 15,739 18,601 26,858
Impairments of real estate assets 0 0 (2,194)
Net gains on disposition of discontinued operations 0 384 63,792
Total income from discontinued operations 15,739 18,985 88,456
Net income 101,260 115,972 131,046
Net (income) attributable to noncontrolling interests in consolidated affiliates (1,264) (1,466) (949)
Distributions on Preferred Units (2,506) (2,507) (2,508)
Net income available for common unitholders $ 97,490 $ 111,999 $ 127,589
Earnings per Common Unit - basic:      
Income from continuing operations available for common unitholders (in dollars per share) $ 0.84 $ 1.00 $ 0.44
Income from discontinued operations available for common unitholders (in dollars per share) 0.17 0.20 1.00
Net income available for common unitholders (in dollars per share) $ 1.01 $ 1.20 $ 1.44
Weighted average Common Units outstanding - basic (in shares) 96,910 93,272 88,313
Earnings per Common Unit - diluted:      
Income from continuing operations available for common unitholders (in dollars per share) $ 0.84 $ 1.00 $ 0.44
Income from discontinued operations available for common unitholders (in dollars per share) 0.17 0.20 1.00
Net income available for common unitholders (in dollars per share) $ 1.01 $ 1.20 $ 1.44
Weighted average Common Units outstanding - diluted (in shares) [1],[2] 96,997 93,391 88,427
Net income available for common unitholders:      
Income from continuing operations available for common unitholders $ 81,751 $ 93,014 $ 39,133
Total income from discontinued operations 15,739 18,985 88,456
Net income available for common unitholders $ 97,490 $ 111,999 $ 127,589
[1] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
[2] There were 0.2 million and 0.3 million options outstanding during the years ended December 31, 2015 and 2013, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014.