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Related Party Transactions (Notes) | 6 Months Ended
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Mar. 31, 2021
Related Party Transactions [Abstract] |
Related Party Transactions Disclosure [Text Block] | Related Party Transactions The Company has a Shared Services Agreement with D.R. Horton whereby D.R. Horton provides the Company with certain administrative, compliance, operational and procurement services. During the six months ended March 31, 2021 and 2020, selling, general and administrative expense in the consolidated statements of operations includes $2.0 million and $2.6 million for these shared services, $1.8 million and $1.0 million for the cost of health insurance and other employee benefits and $1.4 million and $1.3 million for other corporate and administrative expenses paid by D.R. Horton on behalf of the Company. Under the terms of the Master Supply Agreement with D.R. Horton, both companies identify land development opportunities to expand Forestar's portfolio of assets. At March 31, 2021 and September 30, 2020, the Company owned or controlled through purchase contracts approximately 84,500 and 60,500 residential lots, of which D.R. Horton had the following involvement.
| March 31, 2021 |  | September 30, 2020
| (Dollars in millions)
Residential lots under contract to sell to D.R. Horton | 20,400 |  |  | 14,000 |
Residential lots subject to right of first offer with D.R. Horton | 16,700 |  |  | 16,400 |
Earnest money deposits from D.R. Horton for lots under contract | $ | 134.1 |  |  | $ | 92.2 |
Earnest money notes from D.R. Horton for lots under contract | $ | 2.6 |  |  | $ | 4.8 |
Remaining purchase price of lots under contract with D.R. Horton | $ | 1,505.3 |  |  | $ | 1,022.2 |
In the three months ended March 31, 2021 and 2020, the Company's residential lot sales totaled 3,588 and 1,951, and lot sales revenues were $280.2 million and $156.4 million. In the six months ended March 31, 2021 and 2020, the Company's residential lot sales totaled 7,155 and 4,373, and lot sales revenues were $587.1 million and $373.5 million. Lot and land sales to D.R. Horton during those periods were as follows.
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (Dollars in millions)
Residential single-family lots sold to D.R. Horton | 3,358 |  |  | 1,906 |  |  | 6,747 |  |  | 4,296 |
Residential lot sales revenues from sales to D.R. Horton | $ | 265.6 |  |  | $ | 151.2 |  |  | $ | 559.6 |  |  | $ | 366.8 |
Tract acres sold to D.R. Horton | 14 |  |  | — |  |  | 14 |  |  | 36 |
Tract sales revenues from sales to D.R. Horton | $ | 3.0 |  |  | $ | — |  |  | $ | 3.0 |  |  | $ | 7.2 |
In addition, the net impact of the change in contract liabilities decreased revenues on lot sales to D.R. Horton by $0.2 million in the three months ended March 31, 2021 and $0.6 million in the six months ended March 31, 2020, and increased revenues on lot sales to D.R. Horton by $0.8 million in the three months ended March 31, 2020. During the three and six months ended March 31, 2021, the Company reimbursed D.R. Horton approximately $8.0 million and $24.2 million for previously paid earnest money and $7.3 million and $28.2 million for pre-acquisition and other due diligence and development costs related to land purchase contracts whereby D.R. Horton assigned its rights under these land purchase contracts to the Company. During the three and six months ended March 31, 2020, the Company reimbursed D.R. Horton approximately $5.5 million and $16.2 million for previously paid earnest money and $8.2 million and $13.3 million for pre-acquisition and other due diligence and development costs. During the three and six months ended March 31, 2021 and 2020, the Company paid D.R. Horton $1.2 million and $2.9 million for land development services compared to $1.5 million and $2.9 million for these services in the prior year periods. These amounts are included in cost of sales in the Company’s consolidated statements of operations. At March 31, 2021 and September 30, 2020, undeveloped land was $55.5 million and $5.4 million. Undeveloped land primarily consists of undeveloped land which the Company has the contractual right to sell to D.R. Horton at a sales price equal to the carrying value of the land at the time of sale plus additional consideration of 12% to 16% per annum. At March 31, 2021 and September 30, 2020, accrued expenses and other liabilities on the Company's consolidated balance sheets included $1.1 million and $8.4 million, respectively, owed to D.R. Horton for any accrued and unpaid shared service charges, land purchase contract deposits and due diligence and other development cost reimbursements.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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