Net Income (Loss) per Share (Tables)

9 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Attributable to Common Shareholders and Weighted Average Common Shares Outstanding

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