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Segment Information | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information We manage our operations through three business segments: real estate, mineral resources and other. Real estate secures entitlements and develops infrastructure on our lands for single-family residential and mixed-use communities, and manages our undeveloped land, commercial and income producing properties, which consist of three projects and one multifamily site. Mineral resources manages our owned mineral interests. Other manages our timber, recreational leases and water resource initiatives. At year-end 2016 we have divested substantially all of our oil and gas working interest properties. As a result of this significant change in our operations, we have reported the results of operations and financial position of these assets as discontinued operations for all periods presented. In addition, we changed the name of the oil and gas segment to mineral resources to reflect the strategic shift from oil and gas working interest investments to owned mineral interests. We also changed the name of the other natural resources segment to other. We evaluate performance based on segment earnings (loss) before unallocated items and income taxes. Segment earnings (loss) consist of operating income, equity in earnings (loss) of unconsolidated ventures, gain on sales of assets, interest income on loans secured by real estate and net (income) loss attributable to noncontrolling interests. Items not allocated to our business segments consist of general and administrative expense, share-based and long-term incentive compensation, gain on sale of strategic timberland, interest expense, loss on extinguishment of debt and other corporate non-operating income and expense. The accounting policies of the segments are the same as those described in Note 1 — Summary of Significant Accounting Policies. Our revenues are derived from our U.S. operations and all of our assets are located in the U.S. In 2016, 2015 and 2014, no single customer accounted for more than 10 percent of our total revenues, other than the customer associated with the sale of our Midtown Cedar Hill multifamily project in 2015.
| Real Estate |  | Mineral Resources |  | Other |  | Items Not Allocated to Segments |  |  | Total
| (In thousands)
For the year or at year-end 2016 |  |  |  |  |  |  |  |  |  |
Revenues | $ | 190,273 |  |  | $ | 5,076 |  |  | $ | 1,965 |  |  | $ | — |  |  |  | $ | 197,314 |
Depreciation, depletion and amortization | 976 |  |  | 145 |  |  | 352 |  |  | 7,772 |  |  |  | 9,245 |
Equity in earnings of unconsolidated ventures | 5,778 |  |  | 173 |  |  | 172 |  |  | — |  |  |  | 6,123 |
Income (loss) before taxes from continuing operations attributable to Forestar Group Inc. | 121,420 |  |  | 3,327 |  |  | (4,625 | ) |  | (29,307 | ) | (a) |  | 90,815 |
Total assets (b) | 403,062 |  |  | 38,907 |  |  | 11,531 |  |  | 279,694 |  |  |  | 733,194 |
Investment in unconsolidated ventures | 77,611 |  |  | — |  |  | — |  |  | — |  |  |  | 77,611 |
Capital expenditures | 5,783 |  |  | — |  |  | 299 |  |  | 56 |  |  |  | 6,138 |
For the year or at year-end 2015 |  |  |  |  |  |  |  |  |  |
Revenues | $ | 202,830 |  |  | $ | 9,094 |  |  | $ | 6,652 |  |  | $ | — |  |  |  | $ | 218,576 |
Depreciation, depletion and amortization | 7,605 |  |  | 383 |  |  | 540 |  |  | 8,166 |  |  |  | 16,694 |
Equity in earnings of unconsolidated ventures | 15,582 |  |  | 275 |  |  | 151 |  |  | — |  |  |  | 16,008 |
Income (loss) before taxes from continuing operations attributable to Forestar Group Inc. | 67,678 |  |  | 4,230 |  |  | (608 | ) |  | (63,086 | ) | (a) |  | 8,214 |
Total assets (b) | 691,238 |  |  | 39,469 |  |  | 19,106 |  |  | 117,466 |  |  |  | 867,279 |
Investment in unconsolidated ventures | 82,453 |  |  | — |  |  | — |  |  | — |  |  |  | 82,453 |
Capital expenditures | 13,644 |  |  | 59 |  |  | 745 |  |  | 242 |  |  |  | 14,690 |
For the year or at year-end 2014 |  |  |  |  |  |  |  |  |  |
Revenues | $ | 213,112 |  |  | $ | 15,690 |  |  | $ | 9,362 |  |  | $ | — |  |  |  | $ | 238,164 |
Depreciation, depletion and amortization | 3,741 |  |  | 684 |  |  | 497 |  |  | 8,035 |  |  |  | 12,957 |
Equity in earnings of unconsolidated ventures | 8,068 |  |  | 586 |  |  | 31 |  |  | — |  |  |  | 8,685 |
Income (loss) before taxes from continuing operations attributable to Forestar Group Inc. | 96,906 |  |  | 9,116 |  |  | 5,499 |  |  | (54,479 | ) | (a) |  | 57,042 |
Investment in unconsolidated ventures | 65,005 |  |  | — |  |  | — |  |  | — |  |  |  | 65,005 |
Capital expenditures | 28,980 |  |  | 2,240 |  |  | 5,817 |  |  | 616 |  |  |  | 37,653 |
_____________________
(a) | Items not allocated to segments consist of:
| For the Year
| 2016 |  | 2015 |  | 2014
| (In thousands)
General and administrative expense | $ | (18,274 | ) |  | $ | (24,802 | ) |  | $ | (21,229 | )
Share-based and long-term incentive compensation expense | (4,425 | ) |  | (4,474 | ) |  | (3,417 | )
Gain on sale of assets | 48,891 |  |  | — |  |  | — |
Interest expense | (19,985 | ) |  | (34,066 | ) |  | (30,286 | )
Loss on extinguishment of debt, net | (35,864 | ) |  | — |  |  | — |
Other corporate non-operating income | 350 |  |  | 256 |  |  | 453 |
| $ | (29,307 | ) |  | $ | (63,086 | ) |  | $ | (54,479 | )
(b) | Total assets excludes assets of discontinued operations of $14 and $104,967 in 2016 and 2015.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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