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Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share/Unit 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:

 
Year Ended December 31,
 
2012
 
2011
 
2010
Earnings per Common Share - basic:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
50,718

 
$
39,006

 
$
64,092

Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations
(2,260
)
 
(1,645
)
 
(2,905
)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(786
)
 
(755
)
 
(485
)
Dividends on Preferred Stock
(2,508
)
 
(4,553
)
 
(6,708
)
Excess of Preferred Stock redemption/repurchase cost over carrying value

 
(1,895
)
 

Income from continuing operations available for common stockholders
45,164

 
30,158

 
53,994

Income from discontinued operations
33,517

 
8,965

 
8,211

Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations
(1,594
)
 
(446
)
 
(415
)
Income from discontinued operations available for common stockholders
31,923

 
8,519

 
7,796

Net income available for common stockholders
$
77,087

 
$
38,677

 
$
61,790

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares (1) (2)
75,811

 
72,281

 
71,578

Earnings per Common Share - basic:
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.60

 
$
0.42

 
$
0.75

Income from discontinued operations available for common stockholders
0.42

 
0.12

 
0.11

Net income available for common stockholders
$
1.02

 
$
0.54

 
$
0.86

Earnings per Common Share - diluted:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
50,718

 
$
39,006

 
$
64,092

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(786
)
 
(755
)
 
(485
)
Dividends on Preferred Stock
(2,508
)
 
(4,553
)
 
(6,708
)
Excess of Preferred Stock redemption/repurchase cost over carrying value

 
(1,895
)
 

Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
47,424

 
31,803

 
56,899

Income from discontinued operations available for common stockholders
33,517

 
8,965

 
8,211

Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$
80,941

 
$
40,768

 
$
65,110

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Share –weighted average shares (1) (2)
75,811

 
72,281

 
71,578

Add:
 
 
 
 
 
Stock options using the treasury method
122

 
136

 
198

Noncontrolling interests Common Units
3,745

 
3,772

 
3,802

Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)
79,678

 
76,189

 
75,578

Earnings per Common Share - diluted:
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.60

 
$
0.42

 
$
0.75

Income from discontinued operations available for common stockholders
0.42

 
0.12

 
0.11

Net income available for common stockholders
$
1.02

 
$
0.54

 
$
0.86

__________

17.
Earnings Per Share - Continued
 
(1)
There were 0.5 million, 0.4 million and 0.7 million options outstanding during the years ended December 31, 2012, 2011 and 2010, 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/Unit 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:

 
Year Ended December 31,
 
2012
 
2011
 
2010
Earnings per Common Unit - basic:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
50,778

 
$
39,067

 
$
64,065

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(786
)
 
(755
)
 
(485
)
Distributions on Preferred Units
(2,508
)
 
(4,553
)
 
(6,708
)
Excess of Preferred Unit redemption/repurchase cost over carrying value

 
(1,895
)
 

Income from continuing operations available for common unitholders
47,484

 
31,864

 
56,872

Income from discontinued operations available for common unitholders
33,517

 
8,965

 
8,211

Net income available for common unitholders
$
81,001

 
$
40,829

 
$
65,083

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units (1) (2)
79,147

 
75,644

 
74,971

Earnings per Common Unit - basic:
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.60

 
$
0.42

 
$
0.76

Income from discontinued operations available for common unitholders
0.42

 
0.12

 
0.11

Net income available for common unitholders
$
1.02

 
$
0.54

 
$
0.87

Earnings per Common Unit - diluted:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
50,778

 
$
39,067

 
$
64,065

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(786
)
 
(755
)
 
(485
)
Distributions on Preferred Units
(2,508
)
 
(4,553
)
 
(6,708
)
Excess of Preferred Unit redemption/repurchase cost over carrying value

 
(1,895
)
 

Income from continuing operations available for common unitholders
47,484

 
31,864

 
56,872

Income from discontinued operations available for common unitholders
33,517

 
8,965

 
8,211

Net income available for common unitholders
$
81,001

 
$
40,829

 
$
65,083

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Unit –weighted average units (1) (2)
79,147

 
75,644

 
74,971

Add:
 
 
 
 
 
Stock options using the treasury method
122

 
136

 
198

Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)
79,269

 
75,780

 
75,169

Earnings per Common Unit - diluted:
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.60

 
$
0.42

 
$
0.76

Income from discontinued operations available for common unitholders
0.42

 
0.12

 
0.11

Net income available for common unitholders
$
1.02

 
$
0.54

 
$
0.87

__________
(1)
There were 0.5 million, 0.4 million and 0.7 million options outstanding during the years ended December 31, 2012, 2011 and 2010, 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.