Segment Information (Tables)

3 Months Ended

Apr. 30, 2013

Segment Reporting [Abstract]

Financial data of five reportable segments

The following tables summarize financial data for the Company’s six reportable operating segments. All amounts in the following tables are presented in thousands.

	April 30, 2013			January 31, 2013
	Identifiable Assets
Commercial Group	$	6,953,658		$	7,127,228
Residential Group	2,220,798			2,060,892
Arena	998,820			980,321
Land Development Group	258,724			246,873
The Nets(1)	(1,870		)	1,111
Corporate Activities	153,056			196,007
	$	10,583,186		$	10,612,432
	Three Months Ended April 30,					Three Months Ended April 30,
	2013			2012		2013			2012
	Revenues from Real Estate Operations					Operating Expenses
Commercial Group	$	181,472		$	173,283	$	100,804		$	87,609
Commercial Group Land Sales	25,600			40,000		15,363			3,516
Residential Group	63,919			61,740		48,578			43,165
Arena	28,697			116		23,951			4,288
Land Development Group	5,927			12,156		5,693			11,677
The Nets	—			—		—			—
Corporate Activities	—			—		13,415			12,731
	$	305,615		$	287,295	$	207,804		$	162,986
	Depreciation and Amortization					Interest Expense
Commercial Group	$	45,629		$	38,094	$	53,952		$	41,127
Residential Group	13,609			11,944		8,796			3,722
Arena	9,405			—		9,013			(4,127		)
Land Development Group	98			107		(102		)	1,751
The Nets	—			—		—			—
Corporate Activities	754			329		15,759			13,595
	$	69,495		$	50,474	$	87,418		$	56,068
	Interest and Other Income					Capital Expenditures
Commercial Group	$	2,004		$	3,790	$	56,593		$	88,552
Residential Group	6,147			4,474		48,869			25,937
Arena	—			—		13,886			81,587
Land Development Group	2,820			2,360		813			42
The Nets	—			—		—			—
Corporate Activities	46			45		229			236
	$	11,017		$	10,669	$	120,390		$	196,354

(1) The identifiable assets of $(1,870) at April 30, 2013 represent losses in excess of the Company's investment basis in The Nets.

Reconciliation of Net Earnings (Loss) to FFO by Segment

All amounts in the following tables are presented in thousands.

Reconciliation of Net Earnings (Loss) to FFO by Segment:

Three Months Ended April 30, 2013	Commercial Group			Residential Group			Arena			Land Development Group		The Nets			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	(4,149	)	$	18,457		$	(7,511	)	$	2,818	$	(2,981	)	$	(26,187	)	$	(19,553	)
Preferred dividends	—			—			—			—		—			185			185
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	(4,149	)	$	18,457		$	(7,511	)	$	2,818	$	(2,981	)	$	(26,002	)	$	(19,368	)
Depreciation and amortization – Real Estate Groups	54,693			21,105			5,497			38		—			—			81,333
Loss on disposition of unconsolidated entities	1,510			—			—			—		—			—			1,510
Discontinued operations:
Depreciation and amortization – Real Estate Groups	—			107			—			—		—			—			107
Gain on disposition of rental properties	(222		)	(15,825		)	—			—		—			—			(16,047		)
Income tax benefit (expense) on non-FFO:
Gain on disposition of rental properties	—			—			—			—		—			5,608			5,608
FFO	$	51,832		$	23,844		$	(2,014	)	$	2,856	$	(2,981	)	$	(20,394	)	$	53,143
Three Months Ended April 30, 2012	Commercial Group			Residential Group			Arena			Land Development Group		The Nets			Corporate Activities			Total
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	55,910		$	10,808		$	1,749		$	956	$	(6,958	)	$	(43,563	)	$	18,902
Preferred dividends	—			—			—			—		—			3,850			3,850
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	55,910		$	10,808		$	1,749		$	956	$	(6,958	)	$	(39,713	)	$	22,752
Depreciation and amortization – Real Estate Groups	47,687			20,226			—			108		—			—			68,021
Discontinued operations:
Depreciation and amortization – Real Estate Groups	1,491			905			—			—		—			—			2,396
Gain on disposition of rental properties	(7,914		)	—			—			—		—			—			(7,914		)
Impairment of consolidated depreciable real estate	1,381			—			—			—		—			—			1,381
Income tax benefit (expense) on non-FFO:
Gain on disposition of rental properties	—			—			—			—		—			3,052			3,052
Impairment of depreciable real estate	—			—			—			—		—			(536		)	(536		)
FFO	$	98,555		$	31,939		$	1,749		$	1,064	$	(6,958	)	$	(37,197	)	$	89,152