Net Income (Loss) per Share

6 Months Ended

Mar. 31, 2020

Earnings per Share

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


	Three Months Ended March 31,						Six Months Ended March 31,
	2020		2019		2020		2019
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	9.6	$	10.1	$	26.4	$	13.4
Denominator:
Weighted average common shares outstanding — basic	48,025,359		41,959,866		48,018,246		41,956,179
Dilutive effect of share based compensation	57,592		6,233		56,439		6,220
Total weighted average shares outstanding — diluted	48,082,951		41,966,099		48,074,685		41,962,399


Basic net income per common share attributable to Forestar Group Inc.	$	0.20	$	0.24	$	0.55	$	0.32
Diluted net income per common share attributable to Forestar Group Inc.	$	0.20	$	0.24	$	0.55	$	0.32

In March 2020, the Company repaid $118.9 million principal amount of its 3.75% convertible senior notes in cash at maturity. The notes had no impact on diluted net income per share in any of the prior periods presented.

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 March 31,						Six Months Ended March 31,
	2020		2019		2020		2019
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	9.6	$	10.1	$	26.4	$	13.4
Denominator:
Weighted average common shares outstanding — basic	48,025,359		41,959,866		48,018,246		41,956,179
Dilutive effect of share based compensation	57,592		6,233		56,439		6,220
Total weighted average shares outstanding — diluted	48,082,951		41,966,099		48,074,685		41,962,399


Basic net income per common share attributable to Forestar Group Inc.	$	0.20	$	0.24	$	0.55	$	0.32
Diluted net income per common share attributable to Forestar Group Inc.	$	0.20	$	0.24	$	0.55	$	0.32