XML 66 R43.htm IDEA: XBRL DOCUMENT v3.6.0.2
Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Revenues and Earnings
 
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.