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Summary of Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Summary of Quarterly Results of Operations | Summarized quarterly financial results for 2016 and 2015 follows:
| First Quarter (a) |  | Second Quarter (a) |  | Third Quarter (a) |  | Fourth Quarter (a)
| (In thousands, except per share amounts)
2016 |  |  |  |  |  |  |
Total revenues | $ | 37,618 |  |  | $ | 47,992 |  |  | $ | 47,207 |  |  | $ | 64,497 |
Gross profit (loss) | 18,579 |  |  | (24,953 | ) |  | 17,403 |  |  | 17,352 |
Operating income (loss) | 13,590 |  |  | 69,528 |  |  | 6,256 |  |  | 50,980 |
Equity in earnings of unconsolidated ventures | 47 |  |  | 188 |  |  | 3,637 |  |  | 2,251 |
Income from continuing operations before taxes attributable to Forestar Group Inc. | 5,992 |  |  | 26,591 |  |  | 7,163 |  |  | 51,069 |
Income (loss) from discontinued operations, net of taxes | (8,216 | ) |  | (2,048 | ) |  | (7,164 | ) |  | 563 |
Net income (loss) attributable to Forestar Group Inc. | (4,376 | ) |  | 9,614 |  |  | 9,665 |  |  | 43,745 |
Net income (loss) per share — basic |  |  |  |  |  |  |
Continuing operations | $ | 0.11 |  |  | $ | 0.28 |  |  | $ | 0.40 |  |  | $ | 1.03 |
Discontinued operations | $ | (0.24 | ) |  | $ | (0.05 | ) |  | $ | (0.17 | ) |  | $ | 0.01 |
Net income (loss) per share — basic | $ | (0.13 | ) |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 1.04 |
Net income (loss) per share — diluted |  |  |  |  |  |  |
Continuing operations | $ | 0.09 |  |  | 0.28 |  |  | 0.40 |  |  | $ | 1.02 |
Discontinued operations | $ | (0.19 | ) |  | (0.05 | ) |  | (0.17 | ) |  | $ | 0.01 |
Net income (loss) per share — diluted | $ | (0.10 | ) |  | 0.23 |  |  | 0.23 |  |  | $ | 1.03 |
2015 |  |  |  |  |  |  |
Total revenues | $ | 37,374 |  |  | $ | 43,625 |  |  | $ | 32,185 |  |  | $ | 105,392 |
Gross profit (loss) | 18,012 |  |  | 21,060 |  |  | 12,879 |  |  | 46,655 |
Operating income (loss) | (3,424 | ) |  | 5,919 |  |  | (8,482 | ) |  | 29,929 |
Equity in earnings of unconsolidated ventures | 3,045 |  |  | 5,584 |  |  | 2,909 |  |  | 4,470 |
Income from continuing operations before taxes attributable to Forestar Group Inc. | (8,204 | ) |  | 3,382 |  |  | (13,711 | ) |  | 26,747 |
Income (loss) from discontinued operations, net of taxes | (2,719 | ) |  | (36,992 | ) |  | (106,937 | ) |  | (39,482 | )
Net loss attributable to Forestar Group Inc. | (8,158 | ) |  | (34,507 | ) |  | (164,216 | ) |  | (6,166 | )
Net income (loss) per share — basic |  |  |  |  |  |  |
Continuing operations | $ | (0.16 | ) |  | $ | 0.07 |  |  | $ | (1.67 | ) |  | $ | 0.97 |
Discontinued operations | $ | (0.08 | ) |  | $ | (1.08 | ) |  | $ | (3.12 | ) |  | $ | (1.15 | )
Net income (loss) per share — basic | $ | (0.24 | ) |  | $ | (1.01 | ) |  | $ | (4.79 | ) |  | $ | (0.18 | )
Net income (loss) per share — diluted |  |  |  |  |  |  |
Continuing operations | $ | (0.16 | ) |  | $ | 0.06 |  |  | $ | (1.67 | ) |  | $ | 0.79 |
Discontinued operations | $ | (0.08 | ) |  | $ | (0.87 | ) |  | $ | (3.12 | ) |  | $ | (0.93 | )
Net income (loss) per share — diluted | $ | (0.24 | ) |  | $ | (0.81 | ) |  | $ | (4.79 | ) |  | $ | (0.14 | )
_____________________ (a)Non-cash impairment charges related to real estate, water assets and unproved leasehold interests and proved oil and gas properties included in our quarterly financial results are as follows:
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (In thousands)
2016 |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | — |  |  | $ | 48,826 |  |  | $ | 7,627 |  |  | $ | 3,874 |
Discontinued operations | $ | — |  |  | $ | 612 |  |  | $ | — |  |  | $ | — |
2015 |  |  |  |  |  |  |
Continuing operations | $ | 504 |  |  | $ | 225 |  |  | $ | — |  |  | $ | 315 |
Discontinued operations | $ | 7 |  |  | $ | 45,938 |  |  | $ | 81,240 |  |  | $ | 37,646 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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