XML 57 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Real Estate Assets Real Estate Assets (Tables)
12 Months Ended
Dec. 31, 2012
Pro Forma 2012 Acquisitions [Member]
 
Significant Acquisitions and Disposals [Line Items]  
Schedule of Purchase Price Allocation
The following table sets forth a summary of the assets acquired and liabilities assumed in the acquisition of the 492,000 square foot office building in Atlanta, GA discussed in the preceding paragraph:
 
 
Total
Purchase Price Allocation
Real estate assets
$
135,128

Acquisition-related intangible assets (in deferred financing and leasing costs)
21,637

Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities)
(11,875
)
Total allocation
$
144,890

Business Acquisition, Pro Forma Information
he following table sets forth our rental and other revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocations and acquisition costs, assuming the 492,000 square foot office building in Atlanta, GA discussed in the preceding paragraphs had been acquired on January 1, 2011:
 
 
Year Ended December 31,
 
2012
 
2011
 
(unaudited)
Pro forma rental and other revenues
$
530,613

 
$
479,908

Pro forma net income
$
84,135

 
$
44,817

Pro forma earnings per share - basic
$
1.02

 
$
0.49

Pro forma earnings per share - diluted
$
1.01

 
$
0.49

Pro Forma 2011 Acquisitions [Member]
 
Significant Acquisitions and Disposals [Line Items]  
Schedule of Purchase Price Allocation
The following table sets forth a summary of the acquisition purchase price consideration for each major class of assets acquired and liabilities assumed in the acquisitions discussed above:
 
 
Total
Purchase Price Allocation
Real estate assets
$
241,602

Acquisition-related intangible assets (in deferred financing and leasing costs)
39,721

Furniture, fixtures and equipment (in prepaid expenses and other assets)
1,101

Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities)
(15,627
)
Total allocation
$
266,797

Business Acquisition, Pro Forma Information
The following table sets forth our rental and other revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocations and acquisition costs, assuming the 1.54 million square foot office complex in Pittsburgh, PA and the 503,000 square foot office building in Atlanta, GA discussed in the preceding paragraph had been acquired on January 1, 2010:
 
 
Year Ended December 31,
 
2011
 
2010
 
(unaudited)
Pro forma rental and other revenues
$
505,072

 
$
491,573

Pro forma net income
$
45,674

 
$
65,409

Pro forma earnings per share - basic
$
0.50

 
$
0.77

Pro forma earnings per share - diluted
$
0.50

 
$
0.77

Highwoods Realty Limited Partnership [Member] | Pro Forma 2012 Acquisitions [Member]
 
Significant Acquisitions and Disposals [Line Items]  
Schedule of Purchase Price Allocation
The following table sets forth a summary of the assets acquired and liabilities assumed in the acquisition of the 492,000 square foot office building in Atlanta, GA discussed in the preceding paragraph:
 
 
Total
Purchase Price Allocation
Real estate assets
$
135,128

Acquisition-related intangible assets (in deferred financing and leasing costs)
21,637

Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities)
(11,875
)
Total allocation
$
144,890

Business Acquisition, Pro Forma Information
The following table sets forth our rental and other revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocations and acquisition costs, assuming the 492,000 square foot office building in Atlanta, GA discussed in the preceding paragraphs had been acquired on January 1, 2011:
 
 
Year Ended December 31,
 
2012
 
2011
 
(unaudited)
Pro forma rental and other revenues
$
530,613

 
$
479,908

Pro forma net income
$
84,195

 
$
44,878

Pro forma earnings per share - basic
$
1.02

 
$
0.50

Pro forma earnings per share - diluted
$
1.02

 
$
0.50

Highwoods Realty Limited Partnership [Member] | Pro Forma 2011 Acquisitions [Member]
 
Significant Acquisitions and Disposals [Line Items]  
Schedule of Purchase Price Allocation
The following table sets forth a summary of the acquisition purchase price consideration for each major class of assets acquired and liabilities assumed in the acquisitions discussed above:
 
 
Total
Purchase Price Allocation
Real estate assets
$
241,602

Acquisition-related intangible assets (in deferred financing and leasing costs)
39,721

Furniture, fixtures and equipment (in prepaid expenses and other assets)
1,101

Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities)
(15,627
)
Total allocation
$
266,797

Business Acquisition, Pro Forma Information
The following table sets forth our rental and other revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocations and acquisition costs, assuming the 1.54 million square foot office complex in Pittsburgh, PA and the 503,000 square foot office building in Atlanta, GA discussed in the preceding paragraph had been acquired on January 1, 2010:
 
 
Year Ended December 31,
 
2011
 
2010
 
(unaudited)
Pro forma rental and other revenues
$
505,072

 
$
491,573

Pro forma net income
$
38,470

 
$
58,216

Pro forma earnings per share - basic
$
0.51

 
$
0.78

Pro forma earnings per share - diluted
$
0.51

 
$
0.77