XML 61 R40.htm IDEA: XBRL DOCUMENT v3.6.0.2
Equity (Tables)
12 Months Ended
Dec. 31, 2016
Class of Stock [Line Items]  
Schedule of Stock by Class, Preferred Stock
The following table sets forth the Company's Preferred Stock:
 
 
 
Issue Date
 
Number of Shares Outstanding
 
Carrying Value
 
Liquidation Preference Per Share
 
Optional Redemption Date
 
Annual Dividends Payable Per Share
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
28,920

 
$
1,000

 
2/12/2027
 
$
86.25

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
29,050

 
$
1,000

 
2/12/2027
 
$
86.25

The following table sets forth the number of shares of Common Stock reserved for future issuance under the Company's long-term equity incentive plans:
 
December 31,
 
2016
 
2015
Outstanding stock options and warrants
602,115

 
702,228

Possible future issuance under equity incentive plans
2,718,296

 
3,084,158

 
3,320,411

 
3,786,386

Common Stock [Member]  
Class of Stock [Line Items]  
Schedule of Dividends Payable
The following table sets forth the Company's estimated taxability to the common stockholders of dividends per share for federal income tax purposes:
 
 
Year Ended December 31,
 
2016 (1)
 
2015
 
2014
Ordinary income
$
1.15

 
$
1.50

 
$
1.31

Capital gains
1.29

 
0.13

 
0.29

Return of capital

 
0.07

 
0.10

Total
$
2.44

 
$
1.70

 
$
1.70

__________
(1)
During 2016, cash dividends declared on Common Stock totaled $2.50 per share, of which approximately $0.06 will be recognized as a 2017 distribution for federal income tax purposes.

Preferred Stock [Member]  
Class of Stock [Line Items]  
Schedule of Dividends Payable
The following table sets forth the Company's estimated taxability to the preferred stockholders of dividends per share for federal income tax purposes:
 
 
Year Ended December 31,
 
2016
 
2015
 
2014
8.625% Series A Cumulative Redeemable:
 
 
 
 
 
Ordinary income
$
40.65

 
$
79.23

 
$
70.41

Capital gains
45.60

 
7.02

 
15.84

Total
$
86.25

 
$
86.25

 
$
86.25


Highwoods Realty Limited Partnership [Member]  
Class of Stock [Line Items]  
Schedule of Stock by Class, Preferred Stock
The following table sets forth the Operating Partnership's Preferred Units:
 
 
 
Issue Date
 
Number of
Units
Outstanding
 
Carrying
Value
 
Liquidation Preference
Per Unit
 
Optional Redemption
Date
 
Annual
Distributions
Payable
Per Unit
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
28,920

 
$
1,000

 
2/12/2027
 
$
86.25

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
29,050

 
$
1,000

 
2/12/2027
 
$
86.25