v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 6,801 $ 18,283
Real estate 605,283 565,367
Investment in unconsolidated ventures 35,260 64,223
Timber 14,078 14,240
Receivables, net 24,456 23,281
Prepaid expenses 3,358 2,931
Property and equipment, net 5,080 5,178
Oil and natural gas properties and equipment, net 6,218 4,561
Deferred tax asset 74,406 72,942
Goodwill and other intangible assets 5,451 5,451
Other assets 17,380 18,400
TOTAL ASSETS 797,771 794,857
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 5,721 5,044
Accrued employee compensation and benefits 691 1,421
Accrued property taxes 2,659 4,986
Accrued interest 1,152 1,086
Income taxes payable 2,707 8,501
Other accrued expenses 7,652 7,716
Other liabilities 32,407 33,304
Debt 227,865 221,587
TOTAL LIABILITIES 280,854 283,645
COMMITMENTS AND CONTINGENCIES      
Forestar Group Inc. shareholders' equity:    
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 36,942,804 issued at first quarter-end 2012 and 36,835,732 issued at year-end 2011 36,943 36,836
Additional paid-in capital 402,237 398,517
Retained earnings 110,957 108,155
Treasury stock, at cost, 2,283,770 shares at first quarter-end 2012 and 2,212,876 shares at year-end 2011 (35,130) (33,982)
Total Forestar Group Inc. shareholders' equity 515,007 509,526
Noncontrolling interests 1,910 1,686
TOTAL SHAREHOLDERS' EQUITY 516,917 511,212
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 797,771 $ 794,857