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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES        
Real estate sales and other $ 43,018 $ 28,300 $ 69,426 $ 50,261
Commercial and income producing properties 3,363 11,109 13,053 21,978
Real estate 46,381 39,409 82,479 72,239
Mineral resources 1,337 2,360 2,419 5,114
Other 274 1,856 712 3,646
Total revenues 47,992 43,625 85,610 80,999
COSTS AND EXPENSES        
Cost of real estate sales and other (66,877) (13,890) (80,139) (24,252)
Cost of commercial and income producing properties (5,789) (7,548) (10,951) (15,240)
Cost of mineral resources (160) (267) (390) (655)
Cost of other (119) (860) (504) (1,780)
Other operating expenses (8,317) (11,400) (20,408) (24,694)
General and administrative (4,852) (4,901) (11,331) (13,043)
Total expenses (86,114) (38,866) (123,723) (79,664)
GAIN ON SALE OF ASSETS 107,650 1,160 121,231 1,160
OPERATING INCOME 69,528 5,919 83,118 2,495
Equity in earnings of unconsolidated ventures 188 5,584 235 8,629
Interest expense (6,918) (8,715) (14,557) (17,536)
Loss on extinguishment of debt, net (35,766) 0 (35,864) 0
Other non-operating income 199 783 371 1,700
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 27,231 3,571 33,303 (4,712)
Income tax benefit (expense) (14,929) (897) (17,081) 1,869
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 12,302 2,674 16,222 (2,843)
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES (2,048) (36,992) (10,264) (39,712)
CONSOLIDATED NET INCOME (LOSS) 10,254 (34,318) 5,958 (42,555)
Less: Net income attributable to noncontrolling interests (640) (189) (720) (110)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ 9,614 $ (34,507) $ 5,238 $ (42,665)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 34,302 34,278 34,302 34,223
Diluted (in shares) 42,423 42,328 42,372 34,223
NET INCOME (LOSS) PER BASIC SHARE        
Continuing operations, basic (usd per share) $ 0.28 $ 0.07 $ 0.37 $ (0.09)
Discontinued operations, basic (usd per share) (0.05) (1.08) (0.24) (1.16)
NET INCOME (LOSS) PER BASIC SHARE (usd per share) 0.23 (1.01) 0.13 (1.25)
NET INCOME (LOSS) PER DILUTED SHARE        
Continuing operations, diluted (usd per share) 0.28 0.06 0.37 (0.09)
Discontinued operation, diluted (usd per share) (0.05) (0.87) (0.24) (1.16)
NET INCOME (LOSS) PER DILUTED SHARE (usd per share) $ 0.23 $ (0.81) $ 0.13 $ (1.25)
TOTAL COMPREHENSIVE INCOME (LOSS) $ 9,614 $ (34,507) $ 5,238 $ (42,665)