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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES    
Real estate sales $ 22,575 $ 20,752
Other 24 1,553
Total revenues 22,599 22,305
COSTS AND EXPENSES    
Cost of real estate sales (15,575) (11,896)
Cost of other (536) (38,616)
Other operating expenses (1,888) (5,082)
General and administrative (3,745) (4,691)
Total expenses (21,744) (60,285)
GAIN ON SALE OF ASSETS 2,746 74,215
OPERATING INCOME 3,601 36,235
Equity in earnings of unconsolidated ventures 1,529 6,362
Interest expense (2,136) (2,235)
Interest and other income 1,652 676
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES 4,646 41,038
Income tax expense (66) (16,211)
NET INCOME FROM CONTINUING OPERATIONS 4,580 24,827
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAXES 0 418
CONSOLIDATED NET INCOME 4,580 25,245
Less: Net income attributable to noncontrolling interests (46) (40)
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. $ 4,534 $ 25,205
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Basic (in shares) 41,939 42,097
Diluted (in shares) 41,966 42,406
NET INCOME PER BASIC SHARE    
Continuing operations, basic (usd per share) $ 0.11 $ 0.59
Discontinued operations, basic (usd per share) 0.00 0.01
NET INCOME PER BASIC SHARE (usd per share) 0.11 0.60
NET INCOME PER DILUTED SHARE    
Continuing operations, diluted (usd per share) 0.11 0.58
Discontinued operation, diluted (usd per share) 0.00 0.01
NET INCOME PER DILUTED SHARE (usd per share) $ 0.11 $ 0.59