Equity

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Equity

Equity

A reconciliation of changes in equity at first quarter-end2014 follows:

	Forestar Group Inc.			Noncontrolling Interests			Total
	(In thousands)
Balance at year-end 2013	$	709,845		$	5,552		$	715,397
Net income	8,334			673			$	9,007
Distributions to noncontrolling interests	—			(498		)	$	(498	)
Dissolution of noncontrolling interests	—			1,342			$	1,342
Purchase of noncontrolling interests, net of deferred taxes of $1,730,000	(2,968		)	(3,273		)	$	(6,241	)
Other (primarily share-based compensation)	3,124			—			$	3,124
	$	718,335		$	3,796		$	722,131

In first quarter 2014, we acquired our partner's noncontrolling interests in all but one of the Lantana partnerships for $7,971,000. Prior to acquisition of the noncontrolling interests, we were the primary beneficiary of all but one of the Lantana partnerships which were variable interest entities (VIEs) and consolidated in our financial statements. We adjusted the carrying amount of noncontrolling interests to reflect the change in our ownership interest in the partnerships. The difference between the consideration paid and the carrying amount of the noncontrolling interests acquired is recognized as an adjustment to additional paid in capital attributable to Forestar, net of deferred taxes.