Earnings per Share (Notes)

6 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Net Income (Loss) per Share

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,
	2021		2020		2021		2020
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	28.4	$	9.6	$	50.4	$	26.4
Denominator:
Weighted average common shares outstanding — basic	48,412,213		48,025,359		48,270,718		48,018,246
Dilutive effect of stock-based compensation	97,711		57,592		80,692		56,439
Total weighted average shares outstanding — diluted	48,509,924		48,082,951		48,351,410		48,074,685
Basic net income per common share attributable to Forestar Group Inc.	$	0.59	$	0.20	$	1.04	$	0.55
Diluted net income per common share attributable to Forestar Group Inc.	$	0.59	$	0.20	$	1.04	$	0.55