Earnings per Share (Notes)

9 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income (Loss) per Share

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

	Three Months Ended June 30,				Nine Months Ended June 30,
	2022		2021		2022		2021
	(In millions, except share and per share amounts)
Numerator:
Net income attributable to Forestar Group Inc.	$	39.7	$	15.8	$	128.0	$	66.2
Denominator:
Weighted average common shares outstanding — basic	49,879,394		49,419,594		49,794,566		48,653,676
Dilutive effect of stock-based compensation	14,246		89,485		40,325		83,623
Total weighted average shares outstanding — diluted	49,893,640		49,509,079		49,834,891		48,737,299
Basic net income per common share attributable to Forestar Group Inc.	$	0.80	$	0.32	$	2.57	$	1.36
Diluted net income per common share attributable to Forestar Group Inc.	$	0.80	$	0.32	$	2.57	$	1.36