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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Real estate sales and other $ 27,901 $ 43,018 $ 48,653 $ 69,426
Commercial and income producing properties 91 3,363 91 13,053
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
COSTS AND EXPENSES        
Cost of real estate sales and other (16,348) (66,877) (28,380) (80,139)
Cost of commercial and income producing properties 0 (5,789) 11 (10,951)
Cost of mineral resources 0 (160) (38,315) (390)
Cost of other (108) (119) (409) (504)
Other operating expenses (5,728) (8,317) (10,685) (20,408)
General and administrative (28,372) (4,852) (33,063) (11,331)
Total expenses (50,556) (86,114) (110,841) (123,723)
GAIN ON SALE OF ASSETS 29,506 107,650 103,721 121,231
OPERATING INCOME 6,965 69,528 43,200 83,118
Equity in earnings of unconsolidated ventures 2,747 188 9,109 235
Interest expense (2,166) (6,918) (4,401) (14,557)
Loss on extinguishment of debt, net 0 (35,766) 0 (35,864)
Other non-operating income 622 199 1,298 371
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES 8,168 27,231 49,206 33,303
Income tax expense (11,928) (14,929) (28,139) (17,081)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS (3,760) 12,302 21,067 16,222
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 1,229 (2,048) 1,647 (10,264)
CONSOLIDATED NET INCOME (LOSS) (2,531) 10,254 22,714 5,958
Less: Net (income) attributable to noncontrolling interests (48) (640) (88) (720)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ (2,579) $ 9,614 $ 22,626 $ 5,238
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 42,259 34,302 42,171 34,302
Diluted (in shares) 42,259 42,423 42,454 42,372
NET INCOME (LOSS) PER BASIC SHARE        
Continuing operations, basic (usd per share) $ (0.09) $ 0.28 $ 0.50 $ 0.37
Discontinued operations, basic (usd per share) 0.03 (0.05) 0.04 (0.24)
NET INCOME (LOSS) PER BASIC SHARE (usd per share) (0.06) 0.23 0.54 0.13
NET INCOME (LOSS) PER DILUTED SHARE        
Continuing operations, diluted (usd per share) (0.09) 0.28 0.49 0.37
Discontinued operation, diluted (usd per share) 0.03 (0.05) 0.04 (0.24)
NET INCOME (LOSS) PER DILUTED SHARE (usd per share) $ (0.06) $ 0.23 $ 0.53 $ 0.13
TOTAL COMPREHENSIVE INCOME (LOSS) $ (2,579) $ 9,614 $ 22,626 $ 5,238