XML 22 R77.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Segment Information (Details 1) (USD $)
3 Months Ended 6 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Jul. 31, 2010
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
EBDT $ 70,706,000 $ 105,560,000 $ 198,082,000 $ 176,027,000
Depreciation and amortization - Real Estate Groups (54,538,000) (58,040,000) (111,245,000) (117,366,000)
Amortization of mortgage procurement costs (2,727,000) (2,721,000) (5,622,000) (5,333,000)
Straight-line rent adjustment (2,714,000) 5,513,000 (844,000) 8,714,000
Preference payment (586,000) (586,000) (1,171,000) (1,171,000)
Net gain on disposition of partial interests in rental properties and other investment 0 259,381,000 9,561,000 260,247,000
Gain on disposition of partial interests in rental properties, net of tax   125,168,000   125,346,000
Gain on disposition of unconsolidated entities     12,567,000  
Loss on disposition of unconsolidated entities, net of tax   (536,000)   (507,000)
Impairment of real estate (235,000) (1,100,000) (5,070,000) (1,100,000)
Impairment of real estate, net of tax   (28,472,000)   (28,472,000)
Impairment of unconsolidated entities, net of tax   (1,398,000)   (9,294,000)
Impairment of consolidated and unconsolidated entities     (5,070,000)  
Discontinued operations:        
Straight-line rent adjustment 217,000   571,000  
Straight-line rent adjustment, net of tax   (971,000)   (1,134,000)
Gain on disposition of rental properties 29,899,000   39,937,000  
Income tax expense:        
Deferred income taxes 4,492,000 (76,088,000) 3,392,000 (60,626,000)
Current income taxes attributable to above dispositions 1,679,000 (5,478,000) (15,134,000) (11,570,000)
Net earnings attributable to Forest City Enterprises, Inc. 8,134,000 122,846,000 55,701,000 107,284,000
Preferred dividends (3,850,000) (4,107,000) (7,700,000) (4,107,000)
Net earnings attributable to Forest City Enterprises, Inc. common shareholders 4,284,000 118,739,000 48,001,000 103,177,000
Commercial Group [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
EBDT 77,497,000 72,020,000 192,776,000 133,101,000
Depreciation and amortization - Real Estate Groups (40,380,000) (44,847,000) (83,229,000) (91,250,000)
Straight-line rent adjustment (3,002,000) 5,201,000 (969,000) 7,946,000
Preference payment (586,000) (586,000) (1,171,000) (1,171,000)
Net gain on disposition of partial interests in rental properties and other investment     9,561,000  
Gain on disposition of partial interests in rental properties, net of tax   125,047,000   107,615,000
Loss on disposition of unconsolidated entities, net of tax   (536,000)   (507,000)
Impairment of real estate, net of tax   (27,800,000)   (27,800,000)
Impairment of unconsolidated entities, net of tax       (7,441,000)
Impairment of consolidated and unconsolidated entities     (3,435,000)  
Discontinued operations:        
Straight-line rent adjustment 217,000   571,000  
Straight-line rent adjustment, net of tax   (971,000)   (1,134,000)
Gain on disposition of rental properties 29,899,000   39,937,000  
Income tax expense:        
Net earnings attributable to Forest City Enterprises, Inc. 51,907,000 107,709,000 131,991,000 88,593,000
Net earnings attributable to Forest City Enterprises, Inc. common shareholders 51,907,000 107,709,000 131,991,000 88,593,000
Commercial Group [Member] | Real Estate Groups [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
Depreciation and amortization - Real Estate Groups (49,436,000) (48,307,000) (99,074,000) (98,260,000)
Amortization of mortgage procurement costs (2,360,000) (2,062,000) (4,842,000) (4,447,000)
Discontinued operations:        
Depreciation and amortization - Real Estate Groups (238,000)   (1,030,000)  
Depreciation and amortization - Real Estate Groups, net of tax   (2,991,000)   (5,208,000)
Amortization of mortgage procurement costs - Real Estate Groups (84,000)   (333,000)  
Amortization of mortgage procurement costs - Real Estate Groups, net of tax   (881,000)   (928,000)
Deferred taxes - Real Estate Groups   17,383,000   17,406,000
Income tax expense:        
Deferred income taxes   (27,808,000)   (30,579,000)
Residential Group [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
EBDT 19,906,000 25,166,000 46,757,000 52,779,000
Depreciation and amortization - Real Estate Groups (13,748,000) (12,654,000) (27,193,000) (25,032,000)
Straight-line rent adjustment 288,000 319,000 125,000 772,000
Gain on disposition of partial interests in rental properties, net of tax   121,000   17,731,000
Gain on disposition of unconsolidated entities     12,567,000  
Impairment of real estate (235,000)      
Impairment of consolidated and unconsolidated entities     (235,000)  
Discontinued operations:        
Gain on disposition of rental properties, net of tax   1,099,000   1,099,000
Income tax expense:        
Net earnings attributable to Forest City Enterprises, Inc. (115,000) 7,418,000 19,987,000 28,091,000
Net earnings attributable to Forest City Enterprises, Inc. common shareholders (115,000) 7,418,000 19,987,000 28,091,000
Residential Group [Member] | Real Estate Groups [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
Depreciation and amortization - Real Estate Groups (19,188,000) (18,162,000) (37,501,000) (35,485,000)
Amortization of mortgage procurement costs (886,000) (601,000) (1,726,000) (1,143,000)
Discontinued operations:        
Depreciation and amortization - Real Estate Groups, net of tax   (254,000)   (636,000)
Amortization of mortgage procurement costs - Real Estate Groups, net of tax   (5,000)   (13,000)
Deferred taxes - Real Estate Groups   (291,000)   (400,000)
Income tax expense:        
Deferred income taxes   26,000   (6,613,000)
Land Development Group [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
EBDT (214,000) 2,858,000 892,000 566,000
Depreciation and amortization - Real Estate Groups (54,000) (100,000) (114,000) (199,000)
Straight-line rent adjustment   (7,000)   (4,000)
Impairment of real estate, net of tax   (672,000)   (672,000)
Impairment of unconsolidated entities, net of tax   (1,398,000)   (1,853,000)
Impairment of consolidated and unconsolidated entities     (1,400,000)  
Income tax expense:        
Net earnings attributable to Forest City Enterprises, Inc. (366,000) (479,000) (807,000) (2,501,000)
Net earnings attributable to Forest City Enterprises, Inc. common shareholders (366,000) (479,000) (807,000) (2,501,000)
Land Development Group [Member] | Real Estate Groups [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
Depreciation and amortization - Real Estate Groups (67,000) (75,000) (153,000) (154,000)
Amortization of mortgage procurement costs (85,000) (84,000) (146,000) (164,000)
Income tax expense:        
Deferred income taxes   (1,101,000)   (220,000)
The Nets [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
EBDT (3,382,000) 14,745,000 (3,686,000) 11,372,000
Depreciation and amortization - Real Estate Groups        
Income tax expense:        
Net earnings attributable to Forest City Enterprises, Inc. (3,382,000) 14,745,000 (3,686,000) 11,372,000
Net earnings attributable to Forest City Enterprises, Inc. common shareholders (3,382,000) 14,745,000 (3,686,000) 11,372,000
Corporate Activities [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
EBDT (23,101,000) (9,229,000) (38,657,000) (21,791,000)
Depreciation and amortization - Real Estate Groups (356,000) (439,000) (709,000) (885,000)
Income tax expense:        
Deferred income taxes (6,353,000)   (11,166,000)  
Current income taxes attributable to above dispositions (10,456,000)   (41,961,000)  
Net earnings attributable to Forest City Enterprises, Inc. (39,910,000) (6,547,000) (91,784,000) (18,271,000)
Preferred dividends (3,850,000) (4,107,000) (7,700,000) (4,107,000)
Net earnings attributable to Forest City Enterprises, Inc. common shareholders (43,760,000) (10,654,000) (99,484,000) (22,378,000)
Corporate Activities [Member] | Real Estate Groups [Member]
       
Income tax expense:        
Deferred income taxes   2,682,000   3,520,000
Real Estate Groups [Member]
       
Reconciliation of EBDT to Net Earnings (Loss) by Segment        
Depreciation and amortization - Real Estate Groups (68,691,000) (66,544,000) (136,728,000) (133,899,000)
Amortization of mortgage procurement costs (3,331,000) (2,747,000) (6,714,000) (5,754,000)
Discontinued operations:        
Depreciation and amortization - Real Estate Groups (238,000)   (1,030,000)  
Depreciation and amortization - Real Estate Groups, net of tax   (3,245,000)   (5,844,000)
Amortization of mortgage procurement costs - Real Estate Groups (84,000)   (333,000)  
Amortization of mortgage procurement costs - Real Estate Groups, net of tax   (886,000)   (941,000)
Deferred taxes - Real Estate Groups   17,092,000   17,006,000
Gain on disposition of rental properties, net of tax   1,099,000   1,099,000
Income tax expense:        
Deferred income taxes (6,353,000) (26,201,000) (11,166,000) (33,892,000)
Current income taxes attributable to above dispositions $ (10,456,000)   $ (41,961,000)