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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Sale of residential units $ 60,369 $ 55,049 $ 110,030 $ 104,685
Cost of residential units 46,108 41,220 81,922 78,611
Total gross profit 17,279 16,482 33,639 32,332
Sale of land and lots 11,618 10,794    
Revenues 71,987 65,843 130,439 128,852
Cost of land and lots 8,600 8,141 14,878 17,909
Cost of Real Estate Sales 54,708 49,361 96,800 96,520
Salary expense (4,647) (2,823) (9,509) (5,978)
Management fees expense – related party 0 (390) 0 (770)
Selling, general and administrative expense (3,376) (2,491) (6,315) (4,772)
Operating Income (Loss) 9,256 10,778 17,815 20,812
Interest expense 0 (509) (281) (708)
Depreciation and amortization expense (361) (138) (588) (246)
Interest and fees income 0 102 0 252
Interest on direct financing leases income 0 203 13 428
Other income, net 275 429 606 480
Income before provision for income taxes 9,170 10,865 17,565 21,018
Income tax provision 2,166 0 4,373 338
Net income 7,004 10,865 13,192 20,680
Less: net income attributable to noncontrolling interests 3,216 3,455 5,386 5,921
Net income attributable to Green Brick Partners, Inc. $ 3,788 $ 7,410 $ 7,806 $ 14,759
Net income attributable to Green Brick Partners, Inc. per common share:        
Basic (in dollars per share) $ 0.12 $ 0.67 $ 0.25 $ 1.33
Diluted (in dollars per share) $ 0.12 $ 0.67 $ 0.25 $ 1.33
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:        
Weighted-average number of shares outstanding —basic (shares) 31,346 11,109 31,346 11,109
Weighted-average number of shares outstanding —diluted (shares) 31,353 11,109 31,350 11,109