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Summary of Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations
Summarized quarterly financial results for 2014 and 2013 follows:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter(a)
 
(In thousands, except per share amounts)
2014
 
 
 
 
 
 
 
Total revenues
$
84,605

 
$
83,013

 
$
58,840

 
$
80,316

Gross profit (loss)
35,025

 
33,261

 
19,606

 
(6,259
)
Operating income (loss)
15,883

 
26,942

 
12,716

 
(16,783
)
Equity in earnings of unconsolidated ventures
991

 
958

 
2,016

 
4,720

Income (loss) before taxes
13,665

 
22,799

 
7,994

 
(18,713
)
Net income (loss) attributable to Forestar Group Inc.
8,334

 
14,822

 
5,227

 
(11,800
)
 
 
 
 
 
 
 
 
Net income (loss) per share — basic
$
0.20

 
$
0.34

 
$
0.12

 
$
(0.34
)
Net income (loss) per share — diluted
$
0.19

 
$
0.34

 
$
0.12

 
$
(0.34
)
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
Total revenues
$
97,471

 
$
60,079

 
$
75,107

 
$
98,388

Gross profit
35,899

 
22,463

 
32,608

 
39,181

Operating income
9,520

 
3,554

 
10,612

 
22,891

Equity in earnings of unconsolidated ventures
913

 
2,566

 
3,125

 
2,133

Income before taxes
7,035

 
2,109

 
9,965

 
23,160

Net income attributable to Forestar Group Inc.
3,951

 
541

 
11,830

 
12,999

 
 
 
 
 
 
 
 
Net income per share — basic
$
0.11

 
$
0.02

 
$
0.33

 
$
0.34

Net income per share — diluted
$
0.11

 
$
0.02

 
$
0.33

 
$
0.33

 _____________________
(a) 
Fourth quarter 2014 results include pre-tax non-cash impairment charges of $30,591,000 for unproved leasehold interests and proved oil and gas properties.