Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2011

Earnings (Loss) per Share [Abstract]

Earnings (Loss) per Share

Note 13 — Earnings (Loss) per Share

     Loss attributable to common shareholders and weighted average common shares outstanding used to compute net loss per share were:

	Second Quarter						First Six Months
	2011			2010			2011			2010
				(In thousands)
Earnings (loss) available to common shareholders:
Consolidated net income (loss)	$	(4,326	)	$	(3,048	)	$	(6,030	)	$	(6,081	)
Less: Net (income) loss attributable to noncontrolling interest		405			(225	)		(364	)		(164	)
Net income (loss) attributable to Forestar Group Inc.	$	(3,921	)	$	(3,273	)	$	(6,394	)	$	(6,245	)
Weighted average common shares outstanding — basic		35,448			36,155			35,389			36,117

     At second quarter-end 2011 and 2010, the effect of 3,182,000 and 3,041,000 stock options, equity-settled awards and unvested shares of restricted stock were not included in the computation of diluted weighted average shares outstanding because they were anti-dilutive.