Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2022

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 March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	47.8	$	28.4	$	88.3	$	50.4
Denominator:
Weighted average common shares outstanding — basic	49,820,937		48,412,213		49,752,153		48,270,718
Dilutive effect of stock-based compensation	57,229		97,711		53,364		80,692
Total weighted average shares outstanding — diluted	49,878,166		48,509,924		49,805,517		48,351,410
Basic net income per common share attributable to Forestar Group Inc.	$	0.96	$	0.59	$	1.77	$	1.04
Diluted net income per common share attributable to Forestar Group Inc.	$	0.96	$	0.59	$	1.77	$	1.04