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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Real estate sales and other $ 81,459 $ 79,348 $ 47,043
Commercial and income producing properties 38,656 26,820 21,226
Real estate 120,115 106,168 68,269
Mineral resources 44,220 24,448 24,790
Fiber resources and other 8,256 4,957 8,301
Total revenues 172,591 135,573 101,360
EXPENSES      
Cost of real estate sales and other (40,400) (44,929) (27,503)
Cost of commercial and income producing properties (29,639) (18,046) (17,982)
Cost of mineral resources (10,842) (2,062) (1,097)
Cost of fiber resources and other (2,995) (1,928) (1,640)
Other operating (55,213) (49,132) (40,950)
General and administrative (32,320) (23,326) (22,581)
Total expenses (171,409) (139,423) (111,753)
GAIN ON SALE OF ASSETS 25,983 61,965 29,278
OPERATING INCOME 27,165 58,115 18,885
Equity in earnings (loss) of unconsolidated ventures 14,469 (29,209) 4,701
Interest expense (19,363) (17,012) (16,446)
Other non-operating income 3,621 368 1,164
INCOME BEFORE TAXES 25,892 12,262 8,304
Income tax expense (8,016) (3,021) (2,470)
CONSOLIDATED NET INCOME 17,876 9,241 5,834
Less Net income attributable to noncontrolling interest (4,934) (2,087) (709)
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. 12,942 7,154 5,125
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Basic 35,214 35,413 35,893
Diluted 35,482 35,781 36,377
NET INCOME PER COMMON SHARE      
Basic $ 0.37 $ 0.20 $ 0.14
Diluted $ 0.36 $ 0.20 $ 0.14
COMPREHENSIVE INCOME      
Consolidated net income 17,876 9,241 5,834
Change in fair value of interest rate swap agreement (matured in 2010)     393
Income tax effect of change in fair value     (137)
Comprehensive income 17,876 9,241 6,090
Less: Comprehensive income attributable to noncontrolling interests (4,934) (2,087) (709)
COMPREHENSIVE INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. $ 12,942 $ 7,154 $ 5,381