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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share Basic and Diluted [Line Items]  
Earnings Per Share
Earnings Per Share

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

 
Three Months Ended March 31,
 
2012
 
2011
Earnings per Common Share - basic:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
13,115

 
$
11,903

Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations
(571
)
 
(480
)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(184
)
 
(123
)
Dividends on Preferred Stock
(627
)
 
(1,677
)
Income from continuing operations available for common stockholders
11,733

 
9,623

Income from discontinued operations
5,217

 
540

Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations
(256
)
 
(27
)
Income from discontinued operations available for common stockholders
4,961

 
513

Net income available for common stockholders
$
16,694

 
$
10,136

Denominator:
 
 
 
Denominator for basic earnings per Common Share – weighted average shares (1) (2)
72,836

 
71,817

Earnings per Common Share - basic:
 
 
 
Income from continuing operations available for common stockholders
$
0.16

 
$
0.13

Income from discontinued operations available for common stockholders
0.07

 
0.01

Net income available for common stockholders
$
0.23

 
$
0.14

Earnings per Common Share - diluted:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
13,115

 
$
11,903

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(184
)
 
(123
)
Dividends on Preferred Stock
(627
)
 
(1,677
)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
12,304

 
10,103

Income from discontinued operations available for common stockholders
5,217

 
540

Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$
17,521

 
$
10,643

Denominator:
 
 
 
Denominator for basic earnings per Common Share –weighted average shares (1) (2)
72,836

 
71,817

Add:
 
 
 
Stock options using the treasury method
132

 
185

Noncontrolling interests Common Units
3,728

 
3,790

Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)
76,696

 
75,792

Earnings per Common Share - diluted:
 
 
 
Income from continuing operations available for common stockholders
$
0.16

 
$
0.13

Income from discontinued operations available for common stockholders
0.07

 
0.01

Net income available for common stockholders
$
0.23

 
$
0.14

__________
(1)
There were 0.6 million and 0.3 million options outstanding during the three months ended March 31, 2012 and 2011, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.
(2)
Includes all unvested restricted stock since dividends on such restricted stock are non-forfeitable.
Highwoods Realty Limited Partnership [Member]
 
Earnings Per Share Basic and Diluted [Line Items]  
Earnings Per Unit
Earnings Per Unit

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

 
Three Months Ended March 31,
 
2012
 
2011
Earnings per Common Unit - basic:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
13,117

 
$
11,911

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(184
)
 
(123
)
Distributions on Preferred Units
(627
)
 
(1,677
)
Income from continuing operations available for common unitholders
12,306

 
10,111

Income from discontinued operations available for common unitholders
5,217

 
540

Net income available for common unitholders
$
17,523

 
$
10,651

Denominator:
 
 
 
Denominator for basic earnings per Common Unit – weighted average units (1) (2)
76,155

 
75,198

Earnings per Common Unit - basic:
 
 
 
Income from continuing operations available for common unitholders
$
0.16

 
$
0.13

Income from discontinued operations available for common unitholders
0.07

 
0.01

Net income available for common unitholders
$
0.23

 
$
0.14

Earnings per Common Unit - diluted:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
13,117

 
$
11,911

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(184
)
 
(123
)
Distributions on Preferred Units
(627
)
 
(1,677
)
Income from continuing operations available for common unitholders
12,306

 
10,111

Income from discontinued operations available for common unitholders
5,217

 
540

Net income available for common unitholders
$
17,523

 
$
10,651

Denominator:
 
 
 
Denominator for basic earnings per Common Unit –weighted average units (1) (2)
76,155

 
75,198

Add:
 
 
 
Stock options using the treasury method
132

 
185

Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)
76,287

 
75,383

Earnings per Common Unit - diluted:
 
 
 
Income from continuing operations available for common unitholders
$
0.16

 
$
0.13

Income from discontinued operations available for common unitholders
0.07

 
0.01

Net income available for common unitholders
$
0.23

 
$
0.14

__________
(1)
There were 0.6 million and 0.3 million options outstanding during the three months ended March 31, 2012 and 2011, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive.
(2)
Includes all unvested restricted stock since dividends on such restricted stock are non-forfeitable.