Transition Period Comparative Data
The following table presents certain financial information for the nine months ended September 30, 2018 and 2017 (in millions, except per share amounts). | | | | | | | | | | For the Nine Months Ended September 30, | | 2018 | | 2017 | | | | (Unaudited) | Revenues | $ | 78.3 |
| | $ | 83.5 |
| Cost of sales | 49.5 |
| | 90.1 |
| Selling, general and administrative expense | 19.4 |
| | 51.2 |
| Equity in earnings of unconsolidated ventures | (4.8 | ) | | (10.9 | ) | Gain on sale of assets | (27.8 | ) | | (113.4 | ) | Interest expense | 3.7 |
| | 6.4 |
| Interest and other income | (6.4 | ) | | (2.4 | ) | Income from continuing operations before taxes | 44.7 |
| | 62.5 |
| Income tax (benefit) expense | (25.3 | ) | | 33.4 |
| Net income from continuing operations | 70.0 |
| | 29.1 |
| Income from discontinued operations, net of taxes | — |
| | 38.8 |
| Net income | 70.0 |
| | 67.9 |
| Net income attributable to noncontrolling interests | 1.2 |
| | 0.1 |
| Net income attributable to Forestar Group Inc. | $ | 68.8 |
| | $ | 67.8 |
| Weighted Average Common Shares Outstanding: | | | | Basic | 41.9 |
| | 42.2 |
| Diluted | 42.0 |
| | 42.5 |
| Net Income per Basic Share: | | | | Continuing operations | $ | 1.64 |
| | $ | 0.69 |
| Discontinued operations | $ | — |
| | $ | 0.92 |
| Net income per basic share | $ | 1.64 |
| | $ | 1.61 |
| Net Income per Diluted Share: | | | | Continuing operations | $ | 1.64 |
| | $ | 0.68 |
| Discontinued operations | $ | — |
| | $ | 0.91 |
| Net income per diluted share | $ | 1.64 |
| | $ | 1.59 |
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