XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 126,262us-gaap_CashAndCashEquivalentsAtCarryingValue $ 170,127us-gaap_CashAndCashEquivalentsAtCarryingValue
Real estate, net 596,284us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts 575,756us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
Oil and gas properties and equipment, net 279,954us-gaap_OilAndGasPropertySuccessfulEffortMethodNet 263,493us-gaap_OilAndGasPropertySuccessfulEffortMethodNet
Investment in unconsolidated ventures 65,381us-gaap_EquityMethodInvestments 65,005us-gaap_EquityMethodInvestments
Timber 8,430us-gaap_TimberAndTimberlands 8,315us-gaap_TimberAndTimberlands
Receivables, net 15,785us-gaap_AccountsAndNotesReceivableNet 24,589us-gaap_AccountsAndNotesReceivableNet
Prepaid expenses 3,379us-gaap_PrepaidExpenseCurrentAndNoncurrent 6,000us-gaap_PrepaidExpenseCurrentAndNoncurrent
Income taxes receivable 2,092us-gaap_IncomeTaxReceivable 7,503us-gaap_IncomeTaxReceivable
Property and equipment, net 11,104us-gaap_PropertyPlantAndEquipmentNet 11,627us-gaap_PropertyPlantAndEquipmentNet
Deferred tax asset, net 44,583us-gaap_DeferredTaxAssetsLiabilitiesNet 40,624us-gaap_DeferredTaxAssetsLiabilitiesNet
Goodwill and other intangible assets 65,891us-gaap_IntangibleAssetsNetIncludingGoodwill 66,131us-gaap_IntangibleAssetsNetIncludingGoodwill
Other assets 17,826us-gaap_OtherAssets 19,029us-gaap_OtherAssets
TOTAL ASSETS 1,236,971us-gaap_Assets 1,258,199us-gaap_Assets
LIABILITIES AND EQUITY    
Accounts payable 11,123us-gaap_AccountsPayableCurrentAndNoncurrent 20,400us-gaap_AccountsPayableCurrentAndNoncurrent
Accrued employee compensation and benefits 2,807us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent 8,323us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent
Accrued property taxes 3,092us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent 5,966us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
Accrued interest 7,551us-gaap_InterestPayableCurrentAndNoncurrent 3,451us-gaap_InterestPayableCurrentAndNoncurrent
Earnest money deposits 10,113us-gaap_CustomerAdvancesAndDeposits 10,045us-gaap_CustomerAdvancesAndDeposits
Other accrued expenses 33,964us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent 35,729us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent
Other liabilities 30,519us-gaap_OtherLiabilities 31,799us-gaap_OtherLiabilities
Debt 434,413us-gaap_LongTermDebt 432,744us-gaap_LongTermDebt
TOTAL LIABILITIES 533,582us-gaap_Liabilities 548,457us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
Forestar Group Inc. shareholders’ equity:    
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 36,946,603 issued at first quarter-end 2015 and year-end 2014 36,947us-gaap_CommonStockValue 36,947us-gaap_CommonStockValue
Additional paid-in capital 558,600us-gaap_AdditionalPaidInCapitalCommonStock 558,945us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 158,843us-gaap_RetainedEarningsAccumulatedDeficit 167,001us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost, 3,328,077 shares at first quarter-end 2015 and 3,485,278 shares at year-end 2014 (53,124)us-gaap_TreasuryStockValue (55,691)us-gaap_TreasuryStockValue
Total Forestar Group Inc. shareholders’ equity 701,266us-gaap_StockholdersEquity 707,202us-gaap_StockholdersEquity
Noncontrolling interests 2,123us-gaap_MinorityInterest 2,540us-gaap_MinorityInterest
TOTAL EQUITY 703,389us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 709,742us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND EQUITY $ 1,236,971us-gaap_LiabilitiesAndStockholdersEquity $ 1,258,199us-gaap_LiabilitiesAndStockholdersEquity