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Equity (Tables)
12 Months Ended
Dec. 31, 2012
Class of Stock [Line Items]  
Schedule of Stock by Class, Preferred Stock
The following table sets forth our Preferred Stock:
 
Preferred Stock Issuances
 
Issue Date
 
Number of Shares Outstanding
 
Carrying Value
 
Liquidation Preference Per Share
 
Optional Redemption Date
 
Annual Dividends Payable Per Share
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
29,077

 
$
1,000

 
2/12/2027
 
$
86.25

December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
29,077

 
$
1,000

 
2/12/2027
 
$
86.25

Our officers generally receive annual grants of stock options and restricted stock on or about March 1 of each year. Restricted stock grants are also made annually to directors and certain other employees. Except as set forth in the next sentence, dividends received on restricted stock are non-forfeitable and are paid at the same rate and on the same date as on shares of Common Stock. Commencing in 2012 with respect to shares of restricted stock issued to our chief executive officer and subject to any delay in payment that would result in adverse tax consequences under Section 409A of the Code, dividends will accumulate and be payable only if and to the extent the shares vest. Dividends paid on subsequently forfeited shares are expensed. Additional total return-based restricted stock may be issued at the end of the three-year periods if actual performance exceeds certain levels of performance. Such additional shares, if any, would be fully vested when issued. No expense is recorded for additional shares of total return-based restricted stock that may be issued at the end of the three-year period since that possibility is reflected in the grant date fair value. The following table sets forth the number of shares of Common Stock reserved for future issuance:

 
December 31,
 
2012
 
2011
Outstanding stock options and warrants
1,144,309

 
1,224,455

Possible future issuance under equity incentive plans
2,047,550

 
2,363,695

 
3,191,859

 
3,588,150

Common Stock [Member]
 
Class of Stock [Line Items]  
Schedule of Dividends Payable
The following table sets forth the estimated taxability to the common stockholders of dividends per share for federal income tax purposes:
 
 
Year Ended December 31,
 
2012
 
2011
 
2010
Ordinary income
$
1.28

 
$
1.15

 
$
0.41

Capital gains
0.24

 

 
0.44

Return of capital
0.18

 
0.55

 
0.85

Total
$
1.70

 
$
1.70

 
$
1.70

Preferred Stock [Member]
 
Class of Stock [Line Items]  
Schedule of Dividends Payable
The following table sets forth the estimated taxability to the preferred stockholders of dividends per share for federal income tax purposes:
 
 
Year Ended December 31,
 
2012
 
2011
 
2010
8.625% Series A Cumulative Redeemable:
 
 
 
 
 
Ordinary income
$
72.46

 
$
86.25

 
$
41.80

Capital gains
13.79

 

 
44.45

Total
$
86.25

 
$
86.25

 
$
86.25

8.000% Series B Cumulative Redeemable:
 
 
 
 
 
Ordinary income
$

 
$
1.05

 
$
0.97

Capital gains

 

 
1.03

Total
$

 
$
1.05

 
$
2.00


Highwoods Realty Limited Partnership [Member]
 
Class of Stock [Line Items]  
Schedule of Stock by Class, Preferred Stock
The following table sets forth our Preferred Units:
 
Preferred Unit Issuances
 
Issue Date
 
Number of
Units
Outstanding
 
Carrying
Value
 
Liquidation Preference
Per Unit
 
Optional Redemption
Date
 
Annual
Distributions
Payable
Per Unit
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
29,077

 
$
1,000

 
2/12/2027
 
$
86.25

December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
8.625% Series A Cumulative Redeemable
 
2/12/1997
 
29

 
$
29,077

 
$
1,000

 
2/12/2027
 
$
86.25

The Company's officers generally receive annual grants of stock options and restricted stock on or about March 1 of each year. Restricted stock grants are also made annually to directors and certain other employees. Except as set forth in the next sentence, dividends received on restricted stock are non-forfeitable and are paid at the same rate and on the same date as on shares of Common Stock. Commencing in 2012 with respect to shares of restricted stock issued to the Company's chief executive officer and subject to any delay in payment that would result in adverse tax consequences under Section 409A of the Code, dividends will accumulate and be payable only if and to the extent the shares vest. Dividends paid on subsequently forfeited shares are expensed. Additional total return-based restricted stock may be issued at the end of the three-year periods if actual performance exceeds certain levels of performance. Such additional shares, if any, would be fully vested when issued. No expense is recorded for additional shares of total return-based restricted stock that may be issued at the end of the three-year period since that possibility is reflected in the grant date fair value. The following table sets forth the number of shares of Common Stock reserved for future issuance:
 
 
December 31,
 
2012
 
2011
Outstanding stock options and warrants
1,144,309

 
1,224,455

Possible future issuance under equity incentive plans
2,047,550

 
2,363,695

 
3,191,859

 
3,588,150