Segment Information (Tables)

12 Months Ended

Sep. 30, 2020

Segment results for the nine months ended September 30, 2018 were as follows:


	Nine Months Ended September 30, 2018
	Real Estate		Other		Items Not Allocated		Consolidated
	(In millions)
Revenues	$	78.3	$	—	$	—	$	78.3
Cost of sales	48.9		0.6		—		49.5
Selling, general and administrative expense	7.1		0.3		12.0		19.4
Equity in earnings of unconsolidated ventures	(4.8)		—		—		(4.8)
Gain on sale of assets (1)	(18.6)		(9.2)		—		(27.8)
Interest expense	—		—		3.7		3.7
Interest and other income	(1.8)		—		(4.6)		(6.4)
Income before income taxes	47.5		8.3		(11.1)		44.7
Net income attributable to noncontrolling interests	1.2		—		—		1.2
Income before income taxes attributable to Forestar Group Inc.	$	46.3	$	8.3	$	(11.1)	$	43.5

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(1)Gain on sale of assets within the real estate segment consisted primarily of a gain of $14.6 million related to the sale of the Company's interest in a multi-family venture near Denver. Gain on sale of assets within the other segment relates to the sale of non-core water interests in Texas, Louisiana, Georgia and Alabama.