Earnings per Share

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



	Year Ended September 30, 2019		Nine Months Ended September 30, 2018		Year Ended December 31, 2017
	(In millions, except share data)
Numerator:
Continuing operations
Net income from continuing operations attributable to Forestar Group Inc.	$	33.0	$	68.8	$	4.3

Discontinued operations
Net income from discontinued operations available for diluted earnings per share	$	—	$	—	$	46.0

Denominator:
Weighted average common shares outstanding — basic	41,974,429		41,938,987		42,142,690
Dilutive effect of stock-based compensation	30,712		30,069		238,333
Total weighted average shares outstanding — diluted	42,005,141		41,969,056		42,381,023
Anti-dilutive awards excluded from diluted weighted average shares	—		—		1,093,394

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 in any of the periods presented.