Earnings Per Share (Tables)

3 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

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 December 31,
	2021		2020
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	40.5	$	22.0
Denominator:
Weighted average common shares outstanding — basic	49,683,369		48,129,222
Dilutive effect of stock-based compensation	49,500		63,673
Total weighted average shares outstanding — diluted	49,732,869		48,192,895
Basic net income per common share attributable to Forestar Group Inc.	$	0.81	$	0.46
Diluted net income per common share attributable to Forestar Group Inc.	$	0.81	$	0.46