Segment Information (Tables)

9 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Assets Allocated by Segment

Total assets by segment at September 30, 2018 are as follows:

	September 30, 2018
	Real Estate		Other		Items Not Allocated		Consolidated
	(In millions)
Cash and cash equivalents	$	—	$	—	$	318.8	$	318.8
Restricted cash	—		—		16.2		16.2
Real estate	498.0		—		—		498.0
Investment in unconsolidated ventures	11.7		—		—		11.7
Income taxes receivable	—		—		4.4		4.4
Property and equipment, net	—		1.5		0.2		1.7
Deferred tax asset, net	—		—		26.9		26.9
Other assets	12.4		0.4		2.6		15.4
	$	522.1	$	1.9	$	369.1	$	893.1

Segment Revenues and Earnings

Segment results for the three and nine months ended June 30, 2018 are as follows:

	Three Months Ended June 30, 2018
	Real Estate			Other			Items Not Allocated			Consolidated
	(In millions)
Revenues	$	23.6		$	—		$	—		$	23.6
Cost of sales	9.9			0.1			—			10.0
Selling, general and administrative expense	2.9			—			3.6			6.5
Equity in earnings of unconsolidated ventures	(1.0		)	—			—			(1.0		)
Gain on sale of assets	(1.3		)	—			—			(1.3		)
Interest expense	—			—			1.6			1.6
Interest and other income	(1.0		)	—			(1.6		)	(2.6		)
Income (loss) from continuing operations before taxes	$	14.1		$	(0.1	)	$	(3.6	)	$	10.4
Net income attributable to noncontrolling interests	0.9			—			—			0.9
Income (loss) from continuing operations before taxes attributable to Forestar Group Inc.	$	13.2		$	(0.1	)	$	(3.6	)	$	9.5

	Nine Months Ended June 30, 2018
	Real Estate			Other			Items Not Allocated			Consolidated
	(In millions)
Revenues	$	77.0		$	—		$	—		$	77.0
Cost of sales	42.4			6.5			—			48.9
Selling, general and administrative expense	10.3			0.2			25.6			36.1
Equity in earnings of unconsolidated ventures	(9.6		)	—			—			(9.6		)
Gain on sale of assets	(4.1		)	—			—			(4.1		)
Interest expense	—			—			5.8			5.8
Interest and other income	(1.8		)	—			(3.0		)	(4.8		)
Income (loss) from continuing operations before taxes	$	39.8		$	(6.7	)	$	(28.4	)	$	4.7
Net income attributable to noncontrolling interests	2.9			—			—			2.9
Income (loss) from continuing operations before taxes attributable to Forestar Group Inc.	$	36.9		$	(6.7	)	$	(28.4	)	$	1.8