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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Real estate sales and other $ 28,300 $ 44,124 $ 50,261 $ 99,671
Commercial and income producing properties 11,109 11,049 21,978 20,982
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
COSTS AND EXPENSES        
Cost of real estate sales and other (13,890) (23,419) (24,252) (49,483)
Cost of commercial and income producing properties (7,548) (8,606) (15,240) (18,726)
Cost of oil and gas producing activities (70,141) (16,926) (81,683) (29,546)
Cost of other natural resources (860) (801) (1,780) (1,577)
Other operating (13,642) (16,330) (31,702) (30,327)
General and administrative (4,901) (6,856) (13,043) (12,001)
Total expenses (110,982) (72,938) (167,700) (141,660)
Gain on asset exchange and sales 838 16,867 2,014 16,867
OPERATING INCOME (LOSS) (52,714) 26,942 (60,451) 42,825
Equity in earnings of unconsolidated ventures 5,584 958 8,629 1,949
Interest expense (8,715) (7,370) (17,536) (12,873)
Other non-operating income 783 2,269 1,700 4,563
INCOME (LOSS) BEFORE TAXES (55,062) 22,799 (67,658) 36,464
Income tax benefit (expense) 20,744 (8,051) 25,103 (12,709)
CONSOLIDATED NET INCOME (LOSS) (34,318) 14,748 (42,555) 23,755
Less: Net (income) loss attributable to noncontrolling interests (189) 74 (110) (599)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ (34,507) $ 14,822 $ (42,665) $ 23,156
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 34,278 35,458 34,223 35,407
Diluted (in shares) 34,278 43,688 34,223 43,690
NET INCOME PER COMMON SHARE        
Basic (usd per share) $ (1.01) $ 0.34 $ (1.25) $ 0.54
Diluted (usd per share) $ (1.01) $ 0.34 $ (1.25) $ 0.53
TOTAL COMPREHENSIVE INCOME (LOSS) $ (34,507) $ 14,822 $ (42,665) $ 23,156