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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Real estate sales and other $ 44,124 $ 23,358 $ 99,671 $ 47,876
Commercial and income producing properties 11,049 17,861 20,982 72,032
Real estate 55,173 41,219 120,653 119,908
Oil and gas 24,377 15,831 41,931 31,335
Other natural resources 3,463 3,029 5,034 6,307
Total revenues 83,013 60,079 167,618 157,550
COSTS AND EXPENSES        
Cost of real estate sales and other (23,419) (12,414) (49,483) (24,509)
Cost of commercial and income producing properties (8,606) (15,848) (18,726) (56,799)
Cost of oil and gas producing activities (16,926) (8,838) (29,546) (16,672)
Cost of other natural resources (801) (516) (1,577) (1,208)
Other operating (16,330) (13,079) (30,327) (28,988)
General and administrative (6,856) (5,830) (12,001) (16,300)
Total expenses (72,938) (56,525) (141,660) (144,476)
Gain on asset exchange and sales 16,867 0 16,867 0
OPERATING INCOME 26,942 3,554 42,825 13,074
Equity in earnings of unconsolidated ventures 958 2,566 1,949 3,479
Interest expense (7,370) (5,122) (12,873) (9,661)
Other non-operating income 2,269 1,111 4,563 2,252
INCOME (LOSS) BEFORE TAXES 22,799 2,109 36,464 9,144
Income tax expense (8,051) (911) (12,709) (2,904)
CONSOLIDATED NET INCOME 14,748 1,198 23,755 6,240
Less: Net loss (income) attributable to noncontrolling interests 74 (657) (599) (1,748)
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. 14,822 541 23,156 4,492
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic 35,458 35,351 35,407 35,305
Diluted 43,688 36,052 43,690 35,934
NET INCOME PER COMMON SHARE        
Basic $ 0.34 $ 0.02 $ 0.54 $ 0.13
Diluted $ 0.34 $ 0.02 $ 0.53 $ 0.13
TOTAL COMPREHENSIVE INCOME $ 14,822 $ 541 $ 23,156 $ 4,492