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Consolidated Statements Of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Real estate sales $ 12,576 $ 16,145 $ 26,533 $ 26,895
Income producing properties and other 7,039 5,404 14,221 11,902
Real estate 19,615 21,549 40,754 38,797
Mineral resources 4,580 4,606 11,913 11,733
Fiber resources and other 1,290 1,982 2,658 3,965
Total revenues 25,485 28,137 55,325 54,495
COSTS AND EXPENSES        
Cost of real estate sales (5,991) (7,462) (11,636) (13,129)
Cost of income producing properties and other (4,366) (3,945) (8,891) (8,749)
Cost of mineral resources (438) (307) (1,232) (629)
Cost of fiber resources and other (285) (391) (532) (742)
Other operating (10,483) (9,228) (22,157) (19,437)
General and administrative (6,849) (6,120) (12,820) (11,696)
Total costs and expenses (28,412) (27,453) (57,268) (54,382)
OPERATING INCOME (LOSS) (2,927) 684 (1,943) 113
Equity in earnings (loss) of unconsolidated ventures 402 287 984 658
Interest expense (4,653) (4,103) (8,662) (8,649)
Other non-operating income 24 246 51 444
INCOME (LOSS) BEFORE TAXES (7,154) (2,886) (9,570) (7,434)
Income tax benefit (expense) 2,828 (162) 3,540 1,353
CONSOLIDATED NET INCOME (LOSS) (4,326) (3,048) (6,030) (6,081)
Less: Net (income) loss attributable to noncontrolling interests 405 (225) (364) (164)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ (3,921) $ (3,273) $ (6,394) $ (6,245)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC 35,448 36,155 35,389 36,117
NET INCOME (LOSS) PER COMMON SHARE - BASIC $ (0.11) $ (0.09) $ (0.18) $ (0.17)