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CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Real estate sales and other $ 176,535 $ 120,022 $ 171,672
Commercial and income producing properties 13,738 82,808 41,440
Real estate 190,273 202,830 213,112
Mineral resources 5,076 9,094 15,690
Other 1,965 6,652 9,362
Total revenues 197,314 218,576 238,164
COST AND EXPENSES      
Cost of real estate sales and other (147,653) (52,640) (86,432)
Cost of commercial and income producing properties (15,442) (61,251) (37,332)
Cost of mineral resources (763) (2,998) (3,790)
Cost of other (5,075) (3,081) (3,006)
Other operating (33,177) (48,996) (44,326)
General and administrative (21,597) (27,253) (22,230)
Total expenses (223,707) (196,219) (197,116)
GAIN ON SALE OF ASSETS 166,747 1,585 29,512
OPERATING INCOME 140,354 23,942 70,560
Equity in earnings of unconsolidated ventures 6,123 16,008 8,685
Interest expense (19,985) (34,066) (30,286)
Loss on extinguishment of debt, net (35,864) 0 0
Other non-operating income 1,718 3,006 8,588
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES 92,346 8,890 57,547
Income tax expense (15,302) (35,131) (20,850)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 77,044 (26,241) 36,697
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES (16,865) (186,130) (19,609)
Net income 60,179 (212,371) 17,088
Less: Net (income) attributable to noncontrolling interests (1,531) (676) (505)
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ 58,648 $ (213,047) $ 16,583
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Basic (shares) 34,546 34,266 35,317
Diluted (shares) 42,334 34,266 43,596
NET INCOME (LOSS) PER BASIC SHARE      
Continuing operations, basic (usd per share) $ 1.80 $ (0.79) $ 0.84
Discontinued operations, basic (usd per share) (0.40) (5.43) (0.46)
Basic (usd per share) 1.40 (6.22) 0.38
NET INCOME (LOSS) PER DILUTED SHARE      
Continuing operations, diluted (usd per share) 1.78 (0.79) 0.83
Discontinued operations, diluted (usd per share) (0.40) (5.43) (0.45)
Diluted (usd per share) $ 1.38 $ (6.22) $ 0.38
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. $ 58,648 $ (213,047) $ 16,583