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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Real estate sales and other $ 120,022 $ 171,672 $ 152,684
Commercial and income producing properties 82,808 41,440 95,327
Real estate 202,830 213,112 248,011
Oil and gas 52,939 84,300 72,313
Other natural resources 6,652 9,362 10,721
Total revenues 262,421 306,774 331,045
COST AND EXPENSES      
Cost of real estate sales and other (52,640) (86,432) (76,628)
Cost of commercial and income producing properties (61,251) (37,332) (80,166)
Cost of oil and gas producing activities (224,400) (98,371) (42,067)
Cost of other natural resources (3,081) (3,006) (2,033)
Other operating (59,359) (58,683) (60,359)
General and administrative (27,253) (22,230) (28,376)
Total expenses (427,984) (306,054) (289,629)
GAIN ON SALE OF ASSETS 879 38,038 5,161
OPERATING INCOME (LOSS) (164,684) 38,758 46,577
Equity in earnings of unconsolidated ventures 16,008 8,685 8,737
Interest expense (34,066) (30,286) (20,004)
Other non-operating income 3,006 8,588 6,959
INCOME (LOSS) BEFORE TAXES (179,736) 25,745 42,269
Income tax expense (32,635) (8,657) (7,208)
Net income (212,371) 17,088 35,061
Less: Net (income) attributable to noncontrolling interests (676) (505) (5,740)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ (213,047) $ 16,583 $ 29,321
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Basic (usd per share) 34,266 35,317 35,365
Diluted (usd per share) 34,266 43,596 36,813
NET INCOME (LOSS) PER COMMON SHARE      
Basic (usd per share) $ (6.22) $ 0.38 $ 0.81
Diluted (usd per share) $ (6.22) $ 0.38 $ 0.80
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ (213,047) $ 16,583 $ 29,321