Net Income Attributable to Green Brick Partners, Inc. Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Net Income Attributable to Green Brick Partners, Inc. Per Share

NET INCOME ATTRIBUTABLE TO GREEN BRICK PARTNERS, INC. PER SHARE

Our restricted stock awards have the right to receive forfeitable dividends on an equal basis with common stock and therefore are not considered participating securities that must be included in the calculation of net income per share using the two-class method. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during each period, adjusted for non-vested shares of restricted stock awards during each period. Diluted earnings per share is calculated using the treasury stock method and includes the effect of all dilutive securities, including stock options and restricted stock awards.

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):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Basic net income attributable to Green Brick Partners, Inc. per share
Net income attributable to Green Brick Partners, Inc. —basic	$	2,826	$	3,694	$	10,632	$	18,453
Weighted-average number of shares outstanding —basic	48,495		11,109		37,125		11,109
Basic net income attributable to Green Brick Partners, Inc. per share	$	0.06	$	0.33	$	0.29	$	1.66
Diluted net income attributable to Green Brick Partners, Inc. per share
Net income attributable to Green Brick Partners, Inc. —diluted	$	2,826	$	3,694	$	10,632	$	18,453
Weighted-average number of shares used to compute basic net income attributable to Green Brick Partners, Inc.	48,495		11,109		37,125		11,109
Dilutive effect of stock options and restricted stock awards	100		—		36		—
Weighted-average number of shares outstanding —diluted	48,595		11,109		37,161		11,109
Diluted net income attributable to Green Brick Partners, Inc. per share	$	0.06	$	0.33	$	0.29	$	1.66

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):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2015	2014	2015	2014
Antidilutive options to purchase common stock	—	—	67	—