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Net Income (Loss) per Share (Notes) | 9 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Net Income (Loss) per Share | Earnings per Share The computations of basic and diluted earnings per share are as follows:
| Three Months Ended June 30, |  |  |  | Nine Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In millions, except share and per share amounts) |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Forestar Group Inc. | $ | 10.1 |  |  | $ | 6.9 |  |  | $ | 36.5 |  |  | $ | 20.3 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding — basic | 48,050,379 |  |  | 41,959,866 |  |  | 48,028,957 |  |  | 41,957,408 |
Dilutive effect of share based compensation | 24,831 |  |  | 50,355 |  |  | 45,903 |  |  | 20,931 |
Total weighted average shares outstanding — diluted | 48,075,210 |  |  | 42,010,221 |  |  | 48,074,860 |  |  | 41,978,339 |
Anti-dilutive awards excluded from diluted weighted average shares | — |  |  | — |  |  | — |  |  | — |
Basic net income per common share attributable to Forestar Group Inc. | $ | 0.21 |  |  | $ | 0.16 |  |  | $ | 0.76 |  |  | $ | 0.48 |
Diluted net income per common share attributable to Forestar Group Inc. | $ | 0.21 |  |  | $ | 0.16 |  |  | $ | 0.76 |  |  | $ | 0.48 |
In March 2020, the Company repaid $118.9 million principal amount of its 3.75% convertible senior notes in cash at maturity. The notes had no impact on diluted net income per share in any of the prior periods presented.
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 June 30, |  |  |  | Nine Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In millions, except share and per share amounts) |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Forestar Group Inc. | $ | 10.1 |  |  | $ | 6.9 |  |  | $ | 36.5 |  |  | $ | 20.3 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding — basic | 48,050,379 |  |  | 41,959,866 |  |  | 48,028,957 |  |  | 41,957,408 |
Dilutive effect of share based compensation | 24,831 |  |  | 50,355 |  |  | 45,903 |  |  | 20,931 |
Total weighted average shares outstanding — diluted | 48,075,210 |  |  | 42,010,221 |  |  | 48,074,860 |  |  | 41,978,339 |
Anti-dilutive awards excluded from diluted weighted average shares | — |  |  | — |  |  | — |  |  | — |
Basic net income per common share attributable to Forestar Group Inc. | $ | 0.21 |  |  | $ | 0.16 |  |  | $ | 0.76 |  |  | $ | 0.48 |
Diluted net income per common share attributable to Forestar Group Inc. | $ | 0.21 |  |  | $ | 0.16 |  |  | $ | 0.76 |  |  | $ | 0.48 |

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