Earnings per Share

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



	Three Months Ended December 31,
	2019		2018
	(In millions, except share data)
Numerator:
Net income attributable to Forestar Group Inc.	$	16.9	$	3.3
Denominator:
Weighted average common shares outstanding — basic	48,011,132		41,952,493
Dilutive effect of share based compensation	55,286		6,206
Total weighted average shares outstanding — diluted	48,066,418		41,958,699
Anti-dilutive awards excluded from diluted weighted average shares	—		—

Basic net income per common share attributable to Forestar Group Inc.	$	0.35	$	0.08
Diluted net income per common share attributable to Forestar Group Inc.	$	0.35	$	0.08

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.