v2.4.0.6
Net Income per Share
 3 Months Ended
Mar. 31, 2012
Net Income per Share [Abstract]  
Net Income per Share

Note 12—Net Income per Share

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

 

                 
    First Quarter  
    2012     2011  
    (In thousands)  

Earnings available to common shareholders:

                

Consolidated net income (loss)

   $ 3,497     $ (1,704 ) 

Less: Net income attributable to noncontrolling interest

     (695 )      (769 ) 
   

 

 

    

 

 

  

Net income (loss) attributable to Forestar Group Inc.

   $ 2,802     $ (2,473 ) 
   

 

 

    

 

 

  
     

Weighted average common shares outstanding — basic

     34,855       35,406  

Dilutive effect of stock options

     118       —    

Dilutive effect of restricted stock and equity-settled awards

     196       —    
   

 

 

    

 

 

  

Weighted average common shares outstanding — diluted

     35,169       35,406  
   

 

 

    

 

 

  

Anti-dilutive awards excluded from diluted weighted average shares outstanding

     2,283       3,186