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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Real estate sales and other $ 26,408 $ 21,961
Commercial and income producing properties 9,690 10,869
Real estate 36,098 32,830
Oil and gas 5,352 13,185
Other natural resources 438 1,790
Total revenues 41,888 47,805
COSTS AND EXPENSES    
Cost of real estate sales and other (13,262) (10,362)
Cost of commercial and income producing properties (5,162) (7,692)
Cost of oil and gas producing activities (5,194) (11,542)
Cost of other natural resources (385) (920)
Other operating (13,414) (18,060)
General and administrative (6,479) (8,142)
Total expenses (43,896) (56,718)
GAIN ON SALE OF ASSETS 2,604 1,176
OPERATING INCOME (LOSS) 596 (7,737)
Equity in earnings of unconsolidated ventures 47 3,045
Interest expense (7,639) (8,821)
Other non-operating income 74 917
INCOME (LOSS) BEFORE TAXES (6,922) (12,596)
Income tax benefit 2,626 4,359
CONSOLIDATED NET INCOME (LOSS) (4,296) (8,237)
Less: Net (income) loss attributable to noncontrolling interests (80) 79
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ (4,376) $ (8,158)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Basic (in shares) 34,302 34,168
Diluted (in shares) 34,302 34,168
NET INCOME (LOSS) PER COMMON SHARE    
Basic (usd per share) $ (0.13) $ (0.24)
Diluted (usd per share) $ (0.13) $ (0.24)
TOTAL COMPREHENSIVE INCOME (LOSS) $ (4,376) $ (8,158)