Segment Information (Tables)

6 Months Ended

Jul. 31, 2013

Segment Reporting [Abstract]

Financial data of six 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.

	July 31, 2013		January 31, 2013
	Identifiable Assets
Commercial Group	$	6,778,113	$	7,127,228
Residential Group	2,428,143		2,060,892
Arena	974,618		980,321
Land Development Group	277,753		246,873
The Nets	—		1,111
Corporate Activities	269,474		196,007
	$	10,728,101	$	10,612,432
	Three Months Ended July 31,				Six Months Ended July 31,				Three Months Ended July 31,						Six Months Ended July 31,
	2013		2012		2013		2012		2013			2012			2013			2012
	Revenues from Real Estate Operations								Operating Expenses
Commercial Group	$	183,437	$	165,348	$	355,565	$	328,697	$	99,104		$	90,767		$	194,265		$	172,283
Commercial Group Land Sales	791		49		26,391		40,049		184			50			15,547			3,566
Residential Group	63,545		63,679		127,342		125,304		48,200			41,432			96,740			84,575
Arena	21,587		210		50,284		326		15,533			6,469			39,484			10,757
Land Development Group	22,402		12,484		28,329		24,640		15,692			11,271			21,385			22,948
The Nets	—		—		—		—		—			—			—			—
Corporate Activities	—		—		—		—		12,691			13,623			26,106			26,354
	$	291,762	$	241,770	$	587,911	$	519,016	$	191,404		$	163,612		$	393,527		$	320,483
	Depreciation and Amortization								Interest Expense
Commercial Group	$	68,866	$	38,965	$	113,406	$	75,981	$	53,920		$	42,676		$	106,755		$	82,677
Residential Group	14,256		11,536		27,834		23,448		13,913			4,568			22,659			8,238
Arena	7,871		—		17,276		—		9,349			(4,607		)	18,362			(8,734		)
Land Development Group	102		139		200		246		(178		)	2,475			(280		)	4,226
The Nets	—		—		—		—		—			—			—			—
Corporate Activities	762		257		1,516		586		14,719			14,242			30,478			27,837
	$	91,857	$	50,897	$	160,232	$	100,261	$	91,723		$	59,354		$	177,974		$	114,244
	Interest and Other Income								Capital Expenditures
Commercial Group	$	2,312	$	6,174	$	4,204	$	9,821	$	51,375		$	115,079		$	107,968		$	203,631
Residential Group	6,399		4,835		12,546		9,309		52,353			27,648			101,222			53,585
Arena	—		—		—		—		17,967			102,679			31,853			184,266
Land Development Group	3,453		2,510		6,273		4,870		6			139			819			181
The Nets	—		—		—		—		—			—			—			—
Corporate Activities	113		32		159		77		—			199			229			435
	$	12,277	$	13,551	$	23,182	$	24,077	$	121,701		$	245,744		$	242,091		$	442,098

Reconciliation of net earnings (loss) to FFO by segment

The reconciliations of net earnings (loss) to FFO by segment are shown in the following tables. All amounts are presented in thousands.

Three Months Ended July 31, 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	$	10,441		$	351		$	(6,004	)	$	2,551		$	268		$	(23,888	)	$	(16,281	)
Preferred dividends	—			—			—			—			—			—			—
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	10,441		$	351		$	(6,004	)	$	2,551		$	268		$	(23,888	)	$	(16,281	)
Depreciation and amortization – Real Estate Groups	77,496			22,124			4,450			144			—			—			104,214
Net gain on disposition of partial interests in rental properties	(4,932		)	—			—			—			—			—			(4,932		)
Impairment of consolidated depreciable real estate	6,870			1,185			—			—			—			—			8,055
Discontinued operations:
Depreciation and amortization – Real Estate Groups	722			27			—			—			—			—			749
Gain on disposition of rental properties	(21,018		)	(203		)	—			—			—			—			(21,221		)
Income tax benefit (expense) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			—			11,223			11,223
Impairment of depreciable real estate	—			—			—			—			—			(3,124		)	(3,124		)
FFO	$	69,579		$	23,484		$	(1,554	)	$	2,695		$	268		$	(15,789	)	$	78,683
Three Months Ended July 31, 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	$	21,051		$	10,438		$	863		$	(49,097	)	$	(8,272	)	$	(22,550	)	$	(47,567	)
Preferred dividends	—			—			—			—			—			3,850			3,850
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	21,051		$	10,438		$	863		$	(49,097	)	$	(8,272	)	$	(18,700	)	$	(43,717	)
Depreciation and amortization – Real Estate Groups	48,159			20,161			—			101			—			—			68,421
Gain on disposition of unconsolidated entities	(16,107		)	—			—			—			—			—			(16,107		)
Impairment of consolidated depreciable real estate	460			—			—			—			—			—			460
Impairment of unconsolidated depreciable real estate	—			—			—			390			—			—			390
Discontinued operations:
Depreciation and amortization – Real Estate Groups	3,105			967			—			—			—			—			4,072
Impairment of consolidated depreciable real estate	2,709			—			—			—			—			—			2,709
Income tax benefit (expense) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			—			6,229			6,229
Impairment of depreciable real estate	—			—			—			—			—			(1,380		)	(1,380		)
FFO	$	59,377		$	31,566		$	863		$	(48,606	)	$	(8,272	)	$	(13,851	)	$	21,077

Reconciliation of Net Earnings (Loss) to FFO by Segment (continued):
Six Months Ended July 31, 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	$	6,292		$	18,808		$	(13,515	)	$	5,369		$	(2,713	)	$	(50,075	)	$	(35,834	)
Preferred dividends	—			—			—			—			—			185			185
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	6,292		$	18,808		$	(13,515	)	$	5,369		$	(2,713	)	$	(49,890	)	$	(35,649	)
Depreciation and amortization – Real Estate Groups	131,100			43,198			9,947			182			—			—			184,427
Net gain on disposition of partial interests in rental properties	(4,932		)	—			—			—			—			—			(4,932		)
Loss on disposition of unconsolidated entities	1,510			—			—			—			—			—			1,510
Impairment of consolidated depreciable real estate	6,870			1,185			—			—			—			—			8,055
Discontinued operations:
Depreciation and amortization – Real Estate Groups	1,811			165			—			—			—			—			1,976
Gain on disposition of rental properties	(21,240		)	(16,028		)	—			—			—			—			(37,268		)
Income tax benefit (expense) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			—			16,831			16,831
Impairment of depreciable real estate	—			—			—			—			—			(3,124		)	(3,124		)
FFO	$	121,411		$	47,328		$	(3,568	)	$	5,551		$	(2,713	)	$	(36,183	)	$	131,826
Six Months Ended July 31, 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	$	76,961		$	21,246		$	2,612		$	(48,141	)	$	(15,230	)	$	(66,113	)	$	(28,665	)
Preferred dividends	—			—			—			—			—			7,700			7,700
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	76,961		$	21,246		$	2,612		$	(48,141	)	$	(15,230	)	$	(58,413	)	$	(20,965	)
Depreciation and amortization – Real Estate Groups	94,768			40,355			—			209			—			—			135,332
Gain on disposition of unconsolidated entities	(16,107		)	—			—			—			—			—			(16,107		)
Impairment of consolidated depreciable real estate	460			—			—			—			—			—			460
Impairment of unconsolidated depreciable real estate	—			—			—			390			—			—			390
Discontinued operations:
Depreciation and amortization – Real Estate Groups	5,674			1,904			—			—			—			—			7,578
Gain on disposition of rental properties	(7,914		)	—			—			—			—			—			(7,914		)
Impairment of consolidated depreciable real estate	4,090			—			—			—			—			—			4,090
Income tax benefit (expense) on non-FFO:
Gain on disposition of rental properties	—			—			—			—			—			9,281			9,281
Impairment of depreciable real estate	—			—			—			—			—			(1,916		)	(1,916		)
FFO	$	157,932		$	63,505		$	2,612		$	(47,542	)	$	(15,230	)	$	(51,048	)	$	110,229