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Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Assets Allocated by Segment
Total assets allocated by segment are as follows:
 
Second
Quarter-End
 
Year-End
 
2017
 
2016
 
(In thousands)
Real estate
$
374,246

 
$
403,062

Mineral resources
188

 
38,907

Other
10,134

 
11,531

Assets of discontinued operations
1

 
14

Assets not allocated to segments (a)
383,550

 
279,694

 
$
768,119

 
$
733,208


 
 _________________________
(a) 
Assets not allocated to segments at second quarter-end 2017 principally consist of cash and cash equivalents of $381,390,000. Assets not allocated to segments at year-end 2016 principally consist of cash and cash equivalents of $265,798,000 and an income tax receivable of $10,867,000.
Segment Revenues and Earnings
Segment revenues and earnings are as follows:
 
Second Quarter
 
First Six Months
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
Real estate
$
27,992

 
$
46,381

 
$
48,744

 
$
82,479

Mineral resources
5

 
1,337

 
1,502

 
2,419

Other
18

 
274

 
74

 
712

Total revenues
$
28,015

 
$
47,992

 
$
50,320

 
$
85,610

Segment earnings (loss):
 
 
 
 

 

Real estate
$
11,545

 
$
73,290

 
$
22,018

 
$
93,514

Mineral resources
(348
)
 
933

 
37,468

 
1,486

Other
(304
)
 
(197
)
 
(691
)
 
(778
)
Total segment earnings
10,893

 
74,026

 
58,795

 
94,222

Items not allocated to segments (a)
(2,773
)
 
(47,435
)
 
(9,677
)
 
(61,639
)
Income from continuing operations before taxes attributable to Forestar Group Inc.
$
8,120

 
$
26,591

 
$
49,118

 
$
32,583


  _________________________
(a) 
Items not allocated to segments consist of:
 
Second Quarter
 
First Six Months
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
General and administrative expense
$
(27,549
)
 
$
(4,514
)
 
$
(31,577
)
 
$
(9,487
)
Shared-based and long-term incentive compensation expense
(1,448
)
 
(412
)
 
(2,343
)
 
(1,956
)
Gain on sale of assets
28,049

 

 
28,049

 

Interest expense
(2,166
)
 
(6,918
)
 
(4,401
)
 
(14,557
)
Loss on extinguishment of debt, net

 
(35,766
)
 

 
(35,864
)
Other corporate non-operating income
341

 
175

 
595

 
225

 
$
(2,773
)
 
$
(47,435
)
 
$
(9,677
)
 
$
(61,639
)