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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Rental and other revenues $ 482,852 $ 461,126 $ 448,018
Operating expenses:      
Rental property and other expenses 176,148 163,638 162,025
Depreciation and amortization 143,019 135,414 129,652
Impairment of assets held for use 2,429 0 2,554
General and administrative 35,727 32,948 36,682
Total operating expenses 357,323 332,000 330,913
Interest expense:      
Contractual 91,838 87,726 81,982
Amortization of deferred financing costs 3,312 3,385 2,760
Financing obligations 849 2,261 2,063
Total interest expense 95,999 93,372 86,805
Other income:      
Interest and other income 7,387 6,360 8,262
Gain/(loss) on debt extinguishment (24) (705) 1,287
Total other income 7,363 5,655 9,549
Income from continuing operations before disposition of property, condominiums and investment in unconsolidated affiliates and equity in earnings of unconsolidated affiliates 36,893 41,409 39,849
Gains on disposition of property 764 74 266
Gains/(losses) on for-sale residential condominiums (316) 276 922
Gains on disposition of investment in unconsolidated affiliates 2,282 25,330 0
Equity in earnings of unconsolidated affiliates 4,878 3,821 5,421
Income from continuing operations 44,501 70,910 46,458
Discontinued operations:      
Income/(loss) from discontinued operations 897 1,479 (6,230)
Net gains/(losses) on disposition of discontinued operations 2,573 (86) 21,466
Total discontinued operations 3,470 1,393 15,236
Net income 47,971 72,303 61,694
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,091) (3,320) (3,197)
Net (income) attributable to noncontrolling interests in consolidated affiliates (755) (485) (11)
Dividends on Preferred Stock (4,553) (6,708) (6,708)
Excess of Preferred Stock redemption/repurchase cost over carrying value (1,895) 0 0
Net income available for common stockholders 38,677 61,790 51,778
Earnings per Common Share - basic:      
Income from continuing operations available for common stockholders (in dollars per share) $ 0.49 $ 0.84 $ 0.55
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.05 $ 0.02 $ 0.21
Net income available for common stockholders (in dollars per share) $ 0.54 $ 0.86 $ 0.76
Weighted average Common Shares outstanding - basic (in shares) 72,281 [1],[2] 71,578 [1],[2] 67,971 [1],[2]
Earnings per Common Share - diluted:      
Income from continuing operations available for common stockholders (in dollars per share) $ 0.49 $ 0.84 $ 0.55
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.05 $ 0.02 $ 0.21
Net income available for common stockholders (in dollars per share) $ 0.54 $ 0.86 $ 0.76
Weighted average Common Shares outstanding - diluted (in shares) 76,189 [2] 75,578 [2] 72,079 [2]
Net income available for common stockholders:      
Income from continuing operations available for common stockholders 35,380 60,467 37,400
Income from discontinued operations available for common stockholders 3,297 1,323 14,378
Net income available for common stockholders 38,677 61,790 51,778
Highwoods Realty Limited Partnership [Member]
     
Rental and other revenues 482,852 461,126 448,018
Operating expenses:      
Rental property and other expenses 176,122 163,278 161,499
Depreciation and amortization 143,019 135,414 129,652
Impairment of assets held for use 2,429 0 2,554
General and administrative 35,753 33,308 37,208
Total operating expenses 357,323 332,000 330,913
Interest expense:      
Contractual 91,838 87,726 81,982
Amortization of deferred financing costs 3,312 3,385 2,760
Financing obligations 849 2,261 2,063
Total interest expense 95,999 93,372 86,805
Other income:      
Interest and other income 7,387 6,360 8,262
Gain/(loss) on debt extinguishment (24) (705) 1,287
Total other income 7,363 5,655 9,549
Income from continuing operations before disposition of property, condominiums and investment in unconsolidated affiliates and equity in earnings of unconsolidated affiliates 36,893 41,409 39,849
Gains on disposition of property 764 74 266
Gains/(losses) on for-sale residential condominiums (316) 276 922
Gains on disposition of investment in unconsolidated affiliates 2,282 25,330 0
Equity in earnings of unconsolidated affiliates 4,939 3,794 5,367
Income from continuing operations 44,562 70,883 46,404
Discontinued operations:      
Income/(loss) from discontinued operations 897 1,479 (6,230)
Net gains/(losses) on disposition of discontinued operations 2,573 (86) 21,466
Total discontinued operations 3,470 1,393 15,236
Net income 48,032 72,276 61,640
Net (income) attributable to noncontrolling interests in consolidated affiliates (755) (485) (11)
Distributions on Preferred Units (4,553) (6,708) (6,708)
Excess of Preferred Unit redemption/repurchase cost over carrying value (1,895) 0 0
Net income available for common unitholders 40,829 65,083 54,921
Earnings per Common Unit - basic:      
Income from continuing operations available for common unitholders (in dollars per share) $ 0.49 $ 0.85 $ 0.56
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.05 $ 0.02 $ 0.21
Net income available for common unitholders (in dollars per share) $ 0.54 $ 0.87 $ 0.77
Weighted average Common Units outstanding - basic (in shares) 75,644 74,971 71,591
Earnings per Common Unit - diluted:      
Income from continuing operations available for common unitholders (in dollars per share) $ 0.49 $ 0.85 $ 0.56
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.05 $ 0.02 $ 0.21
Net income available for common unitholders (in dollars per share) $ 0.54 $ 0.87 $ 0.77
Weighted average Common Units outstanding - diluted (in shares) 75,780 75,169 71,670
Net income available for common unitholders:      
Income from continuing operations available for common unitholders 37,359 63,690 39,685
Income from discontinued operations available for common unitholders 3,470 1,393 15,236
Net income available for common unitholders $ 40,829 $ 65,083 $ 54,921
[1] Includes all unvested restricted stock since dividends on such restricted stock are non-forfeitable.
[2] There were 0.4 million, 0.7 million and 1.0 million options outstanding during the years ended December 31, 2011, 2010 and 2009, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.