Segment Information (Tables)

3 Months Ended

Apr. 30, 2012

Segment Information [Abstract]

Financial data of five reportable segments

	April 30, 2012			January 31, 2012
	Identifiable Assets
Commercial Group	$	7,983,068		$	7,970,069
Residential Group		2,021,987			2,022,135
Land Development Group		363,015			352,248
The Nets (1)		(5,794	)		(3,836	)
Corporate Activities		168,960			163,667
	$	10,531,236		$	10,504,283

	Three Months Ended April 30,				Three Months Ended April 30,
	2012		2011		2012		2011
	Revenues from Real Estate Operations				Operating Expenses
Commercial Group	$	179,191	$	196,334	$	93,988	$	97,539
Commercial Group Land Sales		40,000		46,252		3,516		2,521
Residential Group		65,305		53,504		44,939		36,777
Land Development Group		12,156		8,090		11,677		9,225
The Nets		—		—		—		—
Corporate Activities		—		—		12,731		14,627
	$	296,652	$	304,180	$	166,851	$	160,689
	Depreciation and Amortization Expense				Interest Expense
Commercial Group	$	39,534	$	41,995	$	38,822	$	45,224
Residential Group		12,863		13,445		4,348		6,214
Land Development Group		107		60		1,751		824
The Nets		—		—		—		—
Corporate Activities		329		353		13,595		13,919
	$	52,833	$	55,853	$	58,516	$	66,181
	Interest and Other Income				Capital Expenditures
Commercial Group	$	3,799	$	6,741	$	170,139	$	114,625
Residential Group		4,475		5,876		25,937		53,040
Land Development Group		2,360		2,841		42		13
The Nets		—		—		—		—
Corporate Activities		45		49		236		20
	$	10,679	$	15,507	$	196,354	$	167,698

(1) The identifiable assets represent losses in excess of the Company’s investment basis in The Nets.

Reconciliation of EBDT to Net Earnings (Loss) by Segment

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

Three Months Ended April 30, 2012	Commercial Group			Residential Group			Land Development Group			The Nets			Corporate Activities			Total
EBDT	$	98,226		$	32,779		$	1,090		$	(6,958	)	$	(22,705	)	$	102,432
Depreciation and amortization – Real Estate Groups		(49,178	)		(21,131	)		(108	)		—			—			(70,417	)
Amortization of mortgage procurement costs – Real Estate Groups		(2,839	)		(758	)		(26	)		—			—			(3,623	)
Straight-line rent adjustment		4,914			(82	)		—			—			—			4,832
Impairment of real estate		(1,381	)		—			—			—			—			(1,381	)
Discontinued operations:
Straight-line rent adjustment		3			—			—			—			—			3
Gain on disposition of rental properties		7,914			—			—			—			—			7,914
Income tax benefit (expense):
Deferred income taxes		—			—			—			—			(11,463	)		(11,463	)
Current income taxes attributable to above dispositions		—			—			—			—			(5,545	)		(5,545	)
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	57,659		$	10,808		$	956		$	(6,958	)	$	(39,713	)	$	22,752
Preferred dividends		—			—			—			—			(3,850	)		(3,850	)
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	57,659		$	10,808		$	956		$	(6,958	)	$	(43,563	)	$	18,902

Three Months Ended April 30, 2011	Commercial Group			Residential Group			Land Development Group			The Nets			Corporate Activities			Total
EBDT	$	115,279		$	26,851		$	1,106		$	(304	)	$	(15,556	)	$	127,376
Depreciation and amortization – Real Estate Groups		(48,804	)		(18,313	)		(86	)		—			—			(67,203	)
Amortization of mortgage procurement costs – Real Estate Groups		(2,469	)		(840	)		(61	)		—			—			(3,370	)
Straight-line rent adjustment		2,051			(163	)		—			—			—			1,888
Preference payment		(585	)		—			—			—			—			(585	)
Gain on disposition of partial interests in rental properties		9,561			—			—			—			—			9,561
Gain on disposition of unconsolidated entities		—			12,567			—			—			—			12,567
Impairment of real estate		(3,435	)		—			(1,400	)		—			—			(4,835	)
Allowance for projects under development revision (See Note A)		(1,400	)		(600	)		—			—			—			(2,000	)
Discontinued operations:
Depreciation and amortization – Real Estate Groups .		(1,626	)		—			—			—			—			(1,626	)
Amortization of mortgage procurement costs – Real Estate Groups		(262	)		—			—			—			—			(262	)
Straight-line rent adjustment		336			—			—			—			—			336
Gain on disposition of rental properties		10,038			—			—			—			—			10,038
Income tax benefit (expense):
Deferred income taxes .		—			—			—			—			(4,037	)		(4,037	)
Current income taxes attributable to above dispositions		—			—			—			—			(31,505	)		(31,505	)
Net earnings (loss) attributable to Forest City Enterprises, Inc.	$	78,684		$	19,502		$	(441	)	$	(304	)	$	(51,098	)	$	46,343
Preferred dividends		—			—			—			—			(3,850	)		(3,850	)
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders	$	78,684		$	19,502		$	(441	)	$	(304	)	$	(54,948	)	$	42,493