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Segment Information
 12 Months Ended
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.