Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Assets Allocated by Segment

Total assets allocated by segment are as follows:

	March 31, 2018		December 31, 2017
	(In thousands)
Real estate	$	291,307	$	386,222
Other	3,331		3,346
Assets not allocated to segments (a)	486,460		372,344
	$	781,098	$	761,912

 _________________________

^(a)  Assets not allocated to segments at March 31, 2018 principally consist of cash and cash equivalents of $436,401,000 and restricted cash of $40,013,000. Assets not allocated to segments at December 31, 2017 principally consist of cash and cash equivalents of $321,783,000 and restricted cash of $40,017,000.

Segment Revenues and Earnings

Segment revenues and earnings are as follows:

	Three Months Ended March 31,
	2018			2017
	(In thousands)
Revenues:
Real estate	$	22,575		$	20,752
Other	24			1,553
Total revenues	$	22,599		$	22,305
Segment earnings (loss):
Real estate	$	9,703		$	10,473
Other	(553		)	37,429
Total segment earnings	9,150			47,902
Items not allocated to segments	(4,550		)	(6,904		)
Income from continuing operations before taxes attributable to Forestar Group Inc.	$	4,600		$	40,998

In the three months ended March 31, 2017, we sold all of our remaining owned mineral assets for approximately $85,700,000 which resulted in the recognition of a gain on the sale of these assets of $74,215,000 which is reflected within other segment earnings. As a result of this sale we recognized a non-cash goodwill impairment charge of $37,900,000 in the three months ended March 31, 2017 which is reflected within other segment earnings.

Items not allocated to segments consist of:

	Three Months Ended March 31,
	2018			2017
	(In thousands)
General and administrative expense	$	(3,653	)	$	(4,028	)
Share-based and long-term incentive compensation expense	(136		)	(895		)
Interest expense	(2,136		)	(2,235		)
Other corporate interest and other income	1,375			254
	$	(4,550	)	$	(6,904	)