Net Income (Loss) per Share (Notes)

9 Months Ended

Jun. 30, 2020

Earnings per Share

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


	Three Months Ended June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	10.1	$	6.9	$	36.5	$	20.3
Denominator:
Weighted average common shares outstanding — basic	48,050,379		41,959,866		48,028,957		41,957,408
Dilutive effect of share based compensation	24,831		50,355		45,903		20,931
Total weighted average shares outstanding — diluted	48,075,210		42,010,221		48,074,860		41,978,339
Anti-dilutive awards excluded from diluted weighted average shares	—		—		—		—

Basic net income per common share attributable to Forestar Group Inc.	$	0.21	$	0.16	$	0.76	$	0.48
Diluted net income per common share attributable to Forestar Group Inc.	$	0.21	$	0.16	$	0.76	$	0.48

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 June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	10.1	$	6.9	$	36.5	$	20.3
Denominator:
Weighted average common shares outstanding — basic	48,050,379		41,959,866		48,028,957		41,957,408
Dilutive effect of share based compensation	24,831		50,355		45,903		20,931
Total weighted average shares outstanding — diluted	48,075,210		42,010,221		48,074,860		41,978,339
Anti-dilutive awards excluded from diluted weighted average shares	—		—		—		—

Basic net income per common share attributable to Forestar Group Inc.	$	0.21	$	0.16	$	0.76	$	0.48
Diluted net income per common share attributable to Forestar Group Inc.	$	0.21	$	0.16	$	0.76	$	0.48