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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES    
Real estate sales and other $ 10,644 $ 14,204
Commercial and income producing properties 7,278 6,935
Real estate 17,922 21,139
Mineral resources 9,426 7,333
Fiber resources and other 744 1,368
Total revenues 28,092 29,840
COSTS AND EXPENSES    
Cost of real estate sales and other (5,774) (5,658)
Cost of commercial and income producing properties (4,557) (4,512)
Cost of mineral resources (1,375) (794)
Cost of fiber resources and other (128) (247)
Other operating (12,750) (11,674)
General and administrative (6,963) (5,971)
Gain on sale 11,675  
Total costs and expenses (19,872) (28,856)
OPERATING INCOME 8,220 984
Equity in earnings of unconsolidated ventures 724 582
Interest expense (3,891) (4,009)
Other non-operating income 64 27
INCOME (LOSS) BEFORE TAXES 5,117 (2,416)
Income tax (expense) benefit (1,620) 712
CONSOLIDATED NET INCOME (LOSS) 3,497 (1,704)
Less: Net income attributable to noncontrolling interests (695) (769)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. 2,802 (2,473)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Basic 34,855 35,406
Diluted 35,169 35,406
NET INCOME PER COMMON SHARE    
Basic $ 0.08 $ (0.07)
Diluted $ 0.08 $ (0.07)
OTHER COMPREHENSIVE INCOME (LOSS) $ 2,802 $ (2,473)