XML 15 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 436,401,000 $ 321,783,000
Restricted cash 40,013,000 40,017,000
Real estate 261,707,000 130,380,000
Assets held for sale 1,360,000 181,607,000
Investment in unconsolidated ventures 17,284,000 64,579,000
Receivables, net 4,560,000 6,307,000
Income taxes receivable 7,244,000 6,674,000
Prepaid expenses 5,962,000 3,118,000
Property and equipment, net 1,828,000 2,003,000
Deferred tax asset, net 1,367,000 2,028,000
Intangible assets 448,000 448,000
Other assets 2,924,000 2,968,000
TOTAL ASSETS 781,098,000 761,912,000
LIABILITIES AND EQUITY    
Accounts payable 2,073,000 2,382,000
Accrued employee compensation and benefits 4,674,000 8,994,000
Accrued property taxes 653,000 2,153,000
Accrued interest 376,000 1,489,000
Earnest money deposits 26,418,000 11,940,000
Other accrued expenses 12,166,000 5,942,000
Liabilities held for sale 0 1,017,000
Other liabilities 14,907,000 13,934,000
Debt, net 109,825,000 108,429,000
TOTAL LIABILITIES 171,092,000 156,280,000
COMMITMENTS AND CONTINGENCIES (Note 13)
Forestar Group Inc. shareholders’ equity:    
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 41,938,936 issued at March 31, 2018 and at December 31, 2017 41,939,000 41,939,000
Additional paid-in capital 506,071,000 505,977,000
Retained earnings 60,830,000 56,296,000
Total Forestar Group Inc. shareholders’ equity 608,840,000 604,212,000
Noncontrolling interests 1,166,000 1,420,000
TOTAL EQUITY 610,006,000 605,632,000
TOTAL LIABILITIES AND EQUITY $ 781,098,000 $ 761,912,000