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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Assets Allocated by Segment
Total assets allocated by segment are as follows:
 
June 30,
2018
 
December 31,
2017
 
(In thousands)
Real estate
$
389,936

 
$
386,222

Other
3,318

 
3,346

Assets not allocated to segments (a)
417,605

 
372,344

 
$
810,859

 
$
761,912


 _________________________
(a) 
Assets not allocated to segments at June 30, 2018 principally consist of cash and cash equivalents of $367,756,000 and restricted cash of $40,000,000. Assets not allocated to segments at December 31, 2017 principally consist of cash and cash equivalents of $321,783,000 and restricted cash of $40,017,000.
Segment Revenues and Earnings
Segment revenues and earnings are as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
Real estate
$
23,565

 
$
27,992

 
$
46,140

 
$
48,744

Other
—

 
23

 
24

 
1,576

Total revenues
$
23,565

 
$
28,015

 
$
46,164

 
$
50,320

Segment earnings (loss):
 
 
 
 

 

Real estate
$
13,254

 
$
11,545

 
$
22,957

 
$
22,018

Other
(140
)
 
(652
)
 
(693
)
 
36,777

Total segment earnings
13,114

 
10,893

 
22,264

 
58,795

Items not allocated to segments
(3,544
)
 
(2,773
)
 
(8,094
)
 
(9,677
)
Income from continuing operations before taxes attributable to Forestar Group Inc.
$
9,570

 
$
8,120

 
$
14,170

 
$
49,118



In the three months ended March 31, 2017, we sold all of our remaining owned mineral assets for approximately $85,700,000 which resulted in the recognition of a gain on the sale of these assets of $74,222,000 which is reflected within other segment earnings in the six months ended June 30, 2017. As a result of this sale we recognized a non-cash goodwill impairment charge of $37,900,000 in the six months ended June 30, 2017 which is reflected within other segment earnings.
Items not allocated to segments consist of:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
General and administrative expense
$
(3,389
)
 
$
(27,549
)
 
$
(7,042
)
 
$
(31,577
)
Share-based and long-term incentive compensation expense
(177
)
 
(1,448
)
 
(313
)
 
(2,343
)
Gain on sale of timberland assets
—

 
28,049

 
—

 
28,049

Interest expense
(1,605
)
 
(2,166
)
 
(3,741
)
 
(4,401
)
Other corporate interest and other income
1,627

 
341

 
3,002

 
595

 
$
(3,544
)
 
$
(2,773
)
 
$
(8,094
)
 
$
(9,677
)

In the three months ended June 30, 2017, we sold approximately 19,000 acres of timberland and undeveloped land in Georgia and Texas for $46,197,000 in three transactions generating combined net proceeds of $44,771,000 and resulting in a gain on sale of timberland assets of $28,049,000. General and administrative expense for the three and six months ended June 30, 2017 includes a $20,000,000 termination fee which was incurred and paid in the three months ended June 30, 2017 related to terminating a merger agreement and entering into the D.R. Horton merger agreement and $4,070,000 in professional fees and other costs associated with these transactions.