XML 95 R74.htm IDEA: XBRL DOCUMENT v2.4.0.8
Discontinued Operations and Gain on Disposition of Rental Properties (Details 2) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Summary of operating results of discontinued operations        
Revenues $ 39,000 $ 21,189,000 $ 7,034,000 $ 46,426,000
Expenses        
Operating expenses (1,749,000) 10,171,000 3,026,000 26,096,000
Depreciation and amortization 0 4,162,000 987,000 8,475,000
Total expenses (1,749,000) 14,333,000 4,013,000 34,571,000
Interest expense (55,000) (3,840,000) (5,538,000) (7,830,000)
Amortization of mortgage procurement costs 0 (180,000) (41,000) (361,000)
Loss on extinguishment of debt (431,000) 0 (448,000) (40,000)
Interest and other income 0 112,000 0 226,000
Gain on disposition of rental properties 1,276,000 0 28,100,000 21,471,000
Earnings before income taxes 2,578,000 2,948,000 25,094,000 25,321,000
Income tax expense 1,438,000 1,123,000 12,082,000 7,763,000
Earnings from discontinued operations 1,140,000 1,825,000 13,012,000 17,558,000
Noncontrolling interest        
Gain on disposition of rental properties 0 0 58,000 5,835,000
Operating earnings (loss) from rental properties 0 48,000 (8,000) 64,000
Earnings from discontinued operations attributable to noncontrolling interests 0 48,000 50,000 5,899,000
Earnings from discontinued operations attributable to Forest City Enterprises, Inc. $ 1,140,000 $ 1,777,000 $ 12,962,000 $ 11,659,000