XML 72 R34.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Segment Reporting [Abstract] |
Assets Allocated by Segment | Total assets allocated by segment are as follows:
| Second Quarter-End |  | Year-End
| 2015 |  | 2014
| (In thousands)
Real estate | $ | 689,409 |  |  | $ | 654,774 |
Oil and gas | 295,759 |  |  | 342,703 |
Other natural resources | 20,074 |  |  | 22,531 |
Assets not allocated to segments (a) | 187,077 |  |  | 238,191 |
| $ | 1,192,319 |  |  | $ | 1,258,199 |
_________________________
(a) | Assets not allocated to segments at second quarter-end 2015 principally consist of cash and cash equivalents of $98,761,000 and a net deferred tax asset of $65,327,000. Assets not allocated to segments at year-end 2014 principally consist of cash and cash equivalents of $170,127,000 and a net deferred tax asset of $40,624,000.
Segment Revenues and Earnings | Segment revenues and earnings are as follows:
| Second Quarter |  | First Six Months
| 2015 |  | 2014 |  | 2015 |  | 2014
| (In thousands)
Revenues: |  |  |  |  |  |  |
Real estate | $ | 39,409 |  |  | $ | 55,173 |  |  | $ | 72,239 |  |  | $ | 120,653 |
Oil and gas | 16,165 |  |  | 24,377 |  |  | 29,350 |  |  | 41,931 |
Other natural resources | 1,856 |  |  | 3,463 |  |  | 3,646 |  |  | 5,034 |
Total revenues | $ | 57,430 |  |  | $ | 83,013 |  |  | $ | 105,235 |  |  | $ | 167,618 |
Segment earnings (loss): |  |  |  |  |  |  |
Real estate | $ | 15,527 |  |  | $ | 27,297 |  |  | $ | 24,593 |  |  | $ | 50,872 |
Oil and gas | (56,867 | ) |  | 9,522 |  |  | (59,808 | ) |  | 10,329 |
Other natural resources | (43 | ) |  | 2,079 |  |  | (434 | ) |  | 1,551 |
Total segment earnings (loss) | (41,383 | ) |  | 38,898 |  |  | (35,649 | ) |  | 62,752 |
Items not allocated to segments (a) | (13,868 | ) |  | (16,025 | ) |  | (32,119 | ) |  | (26,887 | )
Income (loss) before taxes attributable to Forestar Group Inc. | $ | (55,251 | ) |  | $ | 22,873 |  |  | $ | (67,768 | ) |  | $ | 35,865 |
_________________________
(a) | Items not allocated to segments consist of:
| Second Quarter |  | First Six Months
| 2015 |  | 2014 |  | 2015 |  | 2014
| (In thousands)
General and administrative expense | $ | (5,177 | ) |  | $ | (5,566 | ) |  | $ | (11,197 | ) |  | $ | (10,734 | )
Shared-based and long-term incentive compensation expense | (23 | ) |  | (3,219 | ) |  | (3,481 | ) |  | (3,532 | )
Interest expense | (8,715 | ) |  | (7,370 | ) |  | (17,536 | ) |  | (12,873 | )
Other corporate non-operating income | 47 |  |  | 130 |  |  | 95 |  |  | 252 |
| $ | (13,868 | ) |  | $ | (16,025 | ) |  | $ | (32,119 | ) |  | $ | (26,887 | )

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration