Earnings Per Share and Per Unit (Tables)

12 Months Ended

Dec. 31, 2018

Earnings Per Share/Unit Basic and Diluted [Line Items]

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share of the Company:

	Year Ended December 31,
	2018			2017			2016
Earnings per Common Share - basic:
Numerator:
Income from continuing operations	$	177,630		$	191,663		$	122,546
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(4,588		)	(5,059		)	(3,331		)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,207		)	(1,239		)	(1,253		)
Dividends on Preferred Stock	(2,492		)	(2,492		)	(2,501		)
Income from continuing operations available for common stockholders	169,343			182,873			115,461
Income from discontinued operations	—			—			418,593
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations	—			—			(12,265		)
Income from discontinued operations available for common stockholders	—			—			406,328
Net income available for common stockholders	$	169,343		$	182,873		$	521,789
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,439			102,682			98,439
Earnings per Common Share - basic:
Income from continuing operations available for common stockholders	$	1.64		$	1.78		$	1.17
Income from discontinued operations available for common stockholders	—			—			4.13
Net income available for common stockholders	$	1.64		$	1.78		$	5.30
Earnings per Common Share - diluted:
Numerator:
Income from continuing operations	$	177,630		$	191,663		$	122,546
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,207		)	(1,239		)	(1,253		)
Dividends on Preferred Stock	(2,492		)	(2,492		)	(2,501		)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	173,931			187,932			118,792
Income from discontinued operations available for common stockholders	—			—			418,593
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	173,931		$	187,932		$	537,385
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,439			102,682			98,439
Add:
Stock options using the treasury method	33			79			87
Noncontrolling interests Common Units	2,796			2,833			2,872
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	106,268			105,594			101,398
Earnings per Common Share - diluted:
Income from continuing operations available for common stockholders	$	1.64		$	1.78		$	1.17
Income from discontinued operations available for common stockholders	—			—			4.13
Net income available for common stockholders	$	1.64		$	1.78		$	5.30

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(1) Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.

Highwoods Realty Limited Partnership [Member]

Earnings Per Share/Unit Basic and Diluted [Line Items]

Earnings Per Unit

The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

	Year Ended December 31,
	2018			2017			2016
Earnings per Common Unit - basic:
Numerator:
Income from continuing operations	$	177,630		$	191,663		$	122,546
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,207		)	(1,239		)	(1,253		)
Distributions on Preferred Units	(2,492		)	(2,492		)	(2,501		)
Income from continuing operations available for common unitholders	173,931			187,932			118,792
Income from discontinued operations available for common unitholders	—			—			418,593
Net income available for common unitholders	$	173,931		$	187,932		$	537,385
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,826			105,106			100,902
Earnings per Common Unit - basic:
Income from continuing operations available for common unitholders	$	1.64		$	1.79		$	1.18
Income from discontinued operations available for common unitholders	—			—			4.15
Net income available for common unitholders	$	1.64		$	1.79		$	5.33
Earnings per Common Unit - diluted:
Numerator:
Income from continuing operations	$	177,630		$	191,663		$	122,546
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,207		)	(1,239		)	(1,253		)
Distributions on Preferred Units	(2,492		)	(2,492		)	(2,501		)
Income from continuing operations available for common unitholders	173,931			187,932			118,792
Income from discontinued operations available for common unitholders	—			—			418,593
Net income available for common unitholders	$	173,931		$	187,932		$	537,385
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,826			105,106			100,902
Add:
Stock options using the treasury method	33			79			87
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	105,859			105,185			100,989
Earnings per Common Unit - diluted:
Income from continuing operations available for common unitholders	$	1.64		$	1.79		$	1.18
Income from discontinued operations available for common unitholders	—			—			4.14
Net income available for common unitholders	$	1.64		$	1.79		$	5.32

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(1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.