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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
Real estate sales and other $ 112,655 $ 176,535 $ 120,022
Commercial and income producing properties 91 13,738 82,808
Real estate 112,746 190,273 202,830
Mineral resources 1,502 5,076 9,094
Other 74 1,965 6,652
Total revenues 114,322 197,314 218,576
COST AND EXPENSES      
Cost of real estate sales and other (65,012) (147,653) (52,640)
Cost of commercial and income producing properties (2) (15,442) (61,251)
Cost of mineral resources (38,315) (763) (2,998)
Cost of other (6,450) (5,075) (3,081)
Other operating (21,658) (33,177) (48,996)
General and administrative (56,531) (21,597) (27,253)
Total cost and expenses (187,968) (223,707) (196,219)
GAIN ON SALE OF ASSETS 113,411 166,747 1,585
OPERATING INCOME 39,765 140,354 23,942
Equity in earnings of unconsolidated ventures 17,899 6,123 16,008
Interest expense (8,532) (19,985) (34,066)
Loss on extinguishment of debt, net (611) (35,864) 0
Other non-operating income 3,600 1,718 3,006
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES 52,121 92,346 8,890
Income tax expense (45,820) (15,302) (35,131)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 6,301 77,044 (26,241)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 46,031 (16,865) (186,130)
CONSOLIDATED NET INCOME (LOSS) 52,332 60,179 (212,371)
Less: Net (income) attributable to noncontrolling interests (2,078) (1,531) (676)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ 50,254 $ 58,648 $ (213,047)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Basic (shares) 42,143 34,546 34,266
Diluted (shares) 42,381 42,334 34,266
NET INCOME (LOSS) PER BASIC SHARE      
Continuing operations, basic (usd per share) $ 0.10 $ 1.80 $ (0.79)
Discontinued operations, basic (usd per share) 1.09 (0.40) (5.43)
Basic (usd per share) 1.19 1.40 (6.22)
NET INCOME (LOSS) PER DILUTED SHARE      
Continuing operations, diluted (usd per share) 0.10 1.78 (0.79)
Discontinued operations, diluted (usd per share) 1.09 (0.40) (5.43)
Diluted (usd per share) $ 1.19 $ 1.38 $ (6.22)