Net Income per Share

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



	Three Months Ended June 30,				Nine Months Ended June 30,
	2019		2018		2019		2018
	(In millions, except share data)
Numerator:
Continuing operations
Net income (loss) from continuing operations	$	6.9	$	10.3	$	23.6	$	(7.9	)
Less: Net income attributable to noncontrolling interest	—		0.9		3.3		2.9
Net income (loss) from continuing operations attributable to Forestar Group Inc.	$	6.9	$	9.4	$	20.3	$	(10.8	)

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

Denominator:
Weighted average common shares outstanding — basic	41,959,866		41,938,936		41,957,408		41,945,099
Dilutive effect of share based compensation	50,355		27,377		20,931		—
Total weighted average shares outstanding — diluted	42,010,221		41,966,313		41,978,339		41,945,099
Anti-dilutive awards excluded from diluted weighted average shares	—		—		—		28,558

The Company intends to settle the principal amount of its convertible senior notes in cash 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 notes will be included in the calculation of diluted net income per share using the treasury stock method. As such, the 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 notes of $51.42. The price of the Company's common stock did not exceed the conversion price so the notes had no impact on diluted net income per share in any of the periods presented.