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Summary of Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2012
Summary of Quarterly Results of Operations (Unaudited)
Summary of Quarterly Results of Operations (Unaudited)
Summarized quarterly financial results for 2012 and 2011 follows:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(In thousands, except per share amounts)
2012
 
 
 
 
 
 
 
Total revenues
$
28,092

 
$
35,312

 
$
40,610

 
$
68,577

Gross profit
16,258

 
18,748

 
20,636

 
33,073

Operating income (loss)
8,220

 
3,959

 
4,843

 
10,143

Equity in earnings (loss) of unconsolidated ventures
724

 
768

 
680

 
12,297

Income (loss) before taxes
5,117

 
2,203

 
(1,458
)
 
20,030

Net income (loss) attributable to Forestar Group Inc.
2,802

 
811

 
(703
)
 
10,032

Net income (loss) per share — basic
0.08

 
0.02

 
(0.02
)
 
0.28

Net income (loss) per share — diluted
0.08

 
0.02

 
(0.02
)
 
0.28

2011
 
 
 
 
 
 
 
Total revenues
$
29,840

 
$
25,485

 
$
26,241

 
$
54,007

Gross profit
18,629

 
14,405

 
12,928

 
22,646

Operating income (loss)
984

 
(2,927
)
 
60,171

 
(113
)
Equity in earnings (loss) of unconsolidated ventures
582

 
402

 
648

 
(30,841
)
Income (loss) before taxes
(2,416
)
 
(7,154
)
 
56,574

 
(34,742
)
Net income (loss) attributable to Forestar Group Inc.
(2,473
)
 
(3,921
)
 
36,428

 
(22,880
)
Net income (loss) per share — basic
(0.07
)
 
(0.11
)
 
1.03

 
(0.65
)
Net income (loss) per share — diluted
(0.07
)
 
(0.11
)
 
1.02

 
(0.65
)