v2.4.0.6
Net Income Per Share
 12 Months Ended
Dec. 31, 2011
Net Income Per Share [Abstract]  
Net Income Per Share

Note 13 — Net Income per Share

Earnings available to common shareholders and weighted average common shares outstanding used to compute earnings per share were:

 

                         
    For the Year  
    2011     2010     2009  
    (In thousands)  

Earnings available to common shareholders:

                        

Consolidated net income

   $ 9,241     $ 5,834     $ 61,574  

Less: Net income attributable to noncontrolling interest

     (2,087 )      (709 )      (2,467 ) 
   

 

 

    

 

 

    

 

 

  

Net income attributable to Forestar Group Inc.

   $ 7,154     $ 5,125     $ 59,107  
   

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding — basic

     35,413       35,893       35,890  

Dilutive effect of stock options

     142       196       94  

Dilutive effect of restricted stock and restricted stock units

     226       288       118  
   

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding — diluted

     35,781       36,377       36,102  
   

 

 

    

 

 

    

 

 

  

Anti-dilutive awards excluded from diluted weighted average shares outstanding

     2,008       1,574       1,812