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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Real estate sales and other $ 23,067 $ 37,001 $ 122,738 $ 84,877
Commercial and income producing properties 9,378 13,355 30,360 85,387
Real estate 32,445 50,356 153,098 170,264
Oil and gas 24,145 22,095 66,076 53,430
Other natural resources 2,250 2,656 7,284 8,963
Total revenues 58,840 75,107 226,458 232,657
COSTS AND EXPENSES        
Cost of real estate sales and other (10,662) (18,603) (60,145) (43,112)
Cost of commercial and income producing properties (9,391) (13,352) (28,117) (70,151)
Cost of oil and gas producing activities (18,470) (10,090) (48,016) (26,762)
Cost of other natural resources (711) (454) (2,288) (1,662)
Other operating (12,860) (16,051) (43,187) (45,039)
General and administrative (5,140) (5,945) (17,141) (22,245)
Total expenses (57,234) (64,495) (198,894) (208,971)
Gain on asset exchange and sales 11,110 0 27,977 0
OPERATING INCOME 12,716 10,612 55,541 23,686
Equity in earnings of unconsolidated ventures 2,016 3,125 3,965 6,604
Interest expense (8,634) (5,231) (21,507) (14,892)
Other non-operating income 1,896 1,459 6,459 3,711
INCOME (LOSS) BEFORE TAXES 7,994 9,965 44,458 19,109
Income tax (expense) benefit (2,755) 2,932 (15,464) 28
CONSOLIDATED NET INCOME 5,239 12,897 28,994 19,137
Less: Net (income) attributable to noncontrolling interests (12) (1,067) (611) (2,815)
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. 5,227 11,830 28,383 16,322
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 35,498 35,410 35,437 35,341
Diluted (in shares) 43,868 36,072 43,750 35,949
NET INCOME PER COMMON SHARE        
Basic (usd per share) $ 0.12 $ 0.33 $ 0.66 $ 0.46
Diluted (usd per share) $ 0.12 $ 0.33 $ 0.65 $ 0.45
TOTAL COMPREHENSIVE INCOME $ 5,227 $ 11,830 $ 28,383 $ 16,322