Net Income per Share

The computations of basic and diluted earnings per share are as follows:



	Three Months Ended December 31,
	2018		2017
	(In millions, except share data)
Numerator:
Continuing operations
Net income (loss) from continuing operations	$	3.9	$	(22.8	)
Less: Net income attributable to noncontrolling interest	0.6		2.0
Net income (loss) attributable to Forestar Group Inc.	$	3.3	$	(24.8	)

Discontinued operations
Net income from discontinued operations available for diluted earnings per share	$	—	$	7.2

Denominator:
Weighted average common shares outstanding — basic	41,952,493		41,957,424
Dilutive effect of share based compensation	6,206		—
Total weighted average shares outstanding — diluted	41,958,699		41,957,424
Anti-dilutive awards excluded from diluted weighted average shares	—		30,868

The Company intends to settle the principal amount of the Convertible Notes in cash upon conversion with any excess conversion value to be settled in shares of its common stock. Therefore, only the amount in excess of the par value of the Convertible Notes will be included in the calculation of diluted net income per share using the treasury stock method. As such, the Convertible Notes have no impact on diluted net income per share until the price of the Company's common stock exceeds the conversion price of the Convertible Notes of $51.42. The price of the Company's common stock did not exceed the conversion price so the Convertible Notes had no impact on diluted net income per share in the three months ended December 31, 2018 or December 31, 2017.