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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Rental and other revenues $ 665,634 $ 604,671 $ 555,871
Operating expenses:      
Rental property and other expenses 231,085 215,941 205,884
Depreciation and amortization 220,140 201,918 180,637
Impairments of real estate assets 0 0 588
General and administrative 38,153 37,642 35,258
Total operating expenses 489,378 455,501 422,367
Interest expense:      
Contractual 73,142 82,245 82,287
Amortization of debt issuance costs 3,506 3,645 3,082
Financing obligation 0 162 (242)
Total interest expense 76,648 86,052 85,127
Other income:      
Interest and other income 2,338 1,969 2,739
Losses on debt extinguishment 0 (243) (308)
Total other income 2,338 1,726 2,431
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 101,946 64,844 50,808
Gains on disposition of property 14,807 11,444 44,352
Gain on disposition of investment in unconsolidated affiliate 0 4,155 0
Equity in earnings of unconsolidated affiliates 5,793 5,078 1,827
Income from continuing operations 122,546 85,521 96,987
Discontinued operations:      
Income from discontinued operations 4,097 15,739 18,601
Net gains on disposition of discontinued operations 414,496 0 384
Total income from discontinued operations 418,593 [1] 15,739 18,985
Net income 541,139 101,260 115,972
Net (income) attributable to noncontrolling interests in the Operating Partnership (15,596) (2,918) (3,542)
Net (income) attributable to noncontrolling interests in consolidated affiliates (1,253) (1,264) (1,466)
Dividends on Preferred Stock (2,501) (2,506) (2,507)
Net income available for common stockholders $ 521,789 $ 94,572 $ 108,457
Earnings per Common Share - basic:      
Income from continuing operations available for common stockholders (in dollars per share) $ 1.17 $ 0.84 $ 1.00
Income from discontinued operations available for common stockholders (in dollars per share) 4.13 0.16 0.20
Net income available for common stockholders (in dollars per share) $ 5.30 $ 1.00 $ 1.20
Weighted average Common Shares outstanding - basic (in shares) 98,439 94,404 90,743
Earnings per Common Share - diluted:      
Income from continuing operations available for common stockholders (in dollars per share) $ 1.17 $ 0.84 $ 0.99
Income from discontinued operations available for common stockholders (in dollars per share) 4.13 0.16 0.20
Net income available for common stockholders (in dollars per share) $ 5.30 $ 1.00 $ 1.19
Weighted average Common Shares outstanding - diluted (in shares) [2] 101,398 97,406 93,800
Net income available for common stockholders:      
Income from continuing operations available for common stockholders $ 115,461 $ 79,308 $ 90,069
Income from discontinued operations available for common stockholders 406,328 15,264 18,388
Net income available for common stockholders 521,789 94,572 108,457
Highwoods Realty Limited Partnership [Member]      
Rental and other revenues 665,634 604,671 555,871
Operating expenses:      
Rental property and other expenses 231,085 215,941 205,835
Depreciation and amortization 220,140 201,918 180,637
Impairments of real estate assets 0 0 588
General and administrative 38,153 37,642 35,307
Total operating expenses 489,378 455,501 422,367
Interest expense:      
Contractual 73,142 82,245 82,287
Amortization of debt issuance costs 3,506 3,645 3,082
Financing obligation 0 162 (242)
Total interest expense 76,648 86,052 85,127
Other income:      
Interest and other income 2,338 1,969 2,739
Losses on debt extinguishment 0 (243) (308)
Total other income 2,338 1,726 2,431
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 101,946 64,844 50,808
Gains on disposition of property 14,807 11,444 44,352
Gain on disposition of investment in unconsolidated affiliate 0 4,155 0
Equity in earnings of unconsolidated affiliates 5,793 5,078 1,827
Income from continuing operations 122,546 85,521 96,987
Discontinued operations:      
Income from discontinued operations 4,097 15,739 18,601
Net gains on disposition of discontinued operations 414,496 0 384
Total income from discontinued operations 418,593 [1] 15,739 18,985
Net income 541,139 101,260 115,972
Net (income) attributable to noncontrolling interests in consolidated affiliates (1,253) (1,264) (1,466)
Distributions on Preferred Units (2,501) (2,506) (2,507)
Net income available for common unitholders $ 537,385 $ 97,490 $ 111,999
Earnings per Common Unit - basic:      
Income from continuing operations available for common unitholders (in dollars per share) $ 1.18 $ 0.84 $ 1.00
Income from discontinued operations available for common unitholders (in dollars per share) 4.15 0.17 0.20
Net income available for common unitholders (in dollars per share) $ 5.33 $ 1.01 $ 1.20
Weighted average Common Units outstanding - basic (in shares) 100,902 96,910 93,272
Earnings per Common Unit - diluted:      
Income from continuing operations available for common unitholders (in dollars per share) $ 1.18 $ 0.84 $ 1.00
Income from discontinued operations available for common unitholders (in dollars per share) 4.14 0.17 0.20
Net income available for common unitholders (in dollars per share) $ 5.32 $ 1.01 $ 1.20
Weighted average Common Units outstanding - diluted (in shares) [3] 100,989 96,997 93,391
Net income available for common unitholders:      
Income from continuing operations available for common unitholders $ 118,792 $ 81,751 $ 93,014
Total income from discontinued operations 418,593 [1] 15,739 18,985
Net income available for common unitholders $ 537,385 $ 97,490 $ 111,999
[1] See Note 2 for a discussion regarding the sales of the Plaza assets.
[2] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
[3] Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.