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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Earnings Per Share, Diluted [Abstract]        
Revenues $ 301.5 $ 421.6 $ 518.2 $ 829.2
Cost of sales 245.6 334.1 414.8 668.3
Selling, General and Administrative Expense 22.0 24.3 44.9 45.8
Equity in earnings of unconsolidated ventures 0.0 0.0 0.0 (1.1)
Gain on sale of assets 0.0 0.0 (1.6) (0.5)
Interest and other income (2.0) 0.0 (3.7) 0.0
Income before income taxes 35.9 63.2 63.8 116.7
Income tax expense 9.0 15.4 16.1 28.4
Net income 26.9 47.8 47.7 88.3
Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Forestar Group Inc. $ 26.9 $ 47.8 $ 47.7 $ 88.3
Basic net income per common share attributable to Forestar Group Inc. $ 0.54 $ 0.96 $ 0.95 $ 1.77
Weighted average number of common shares 49,943,373 49,820,937 49,916,927 49,752,153
Diluted net income per common share attributable to Forestar Group Inc. $ 0.54 $ 0.96 $ 0.95 $ 1.77
Adjusted weighted average number of common shares 50,010,539 49,878,166 49,954,781 49,805,517