Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014



	As of December 31,
	2014	2013
Completed home inventory and residential lots held for sale	47,048	33,950
Work in process	203,756	140,325
Undeveloped land	16,220	54,502
Land not owned under option agreements	7,279	—
Total Inventory	274,303	228,777

Schedule of Real Estate Inventory Capitalized Interest Costs

For the years ended December 31, 2014, 2013 and 2012 interest incurred, capitalized and expensed was as follows (in thousands):



	2014			2013			2012
Interest capitalized at beginning of year	$	1,065		$	53		$	100
Interest incurred	4,146			1,380			405
Interest charged to cost of sales	(105		)	(53		)	(101		)
Interest charged to interest expense	(1,393		)	(315		)	(351		)
Interest capitalized at end of year	$	3,713		$	1,065		$	53

Schedule of Basic and Diluted Net Income

The computation of basic and diluted net income attributable to Green Brick Partners, Inc. per share using the treasury stock method is as follows (in thousands, except per share amounts):



	Years End December 31,
	2014		2013		2012
Basic net income attributable to Green Brick Partners, Inc. per share
Net income attributable to Green Brick Partners, Inc. —basic	$	50,026	$	32,007	$	17,194
Weighted-average number of shares outstanding —basic	14,712		11,109		11,109
Basic net income attributable to Green Brick Partners, Inc. per share	$3.40		$2.88		$1.55
Diluted net income attributable to Green Brick Partners, Inc. per share
Net income attributable to Green Brick Partners, Inc. —diluted	$	50,026	$	32,007	$	17,194
Weighted-average number of shares outstanding —diluted	14,712		11,109		11,109
Diluted net income attributable to Green Brick Partners, Inc. per share	$3.40		$2.88		$1.55

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities that could potentially dilute earnings per share in the future are not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share (in thousands):



	Years End December 31,
	2014		2013		2012
Antidilutive options to purchase common stock	$	129	$	—	$	—