XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Sale of residential units $ 254,267 $ 200,650 $ 168,591
Sale of land and lots 36,878 45,452 33,735
Total revenues 291,145 246,102 202,326
Cost of residential units 196,529 149,809 122,781
Cost of land and lots 27,125 34,082 21,513
Total cost of sales 223,654 183,891 144,294
Total gross profit 67,491 62,211 58,032
Salary expense (20,685) (14,868) (10,251)
Management fees expense – related party 0 (1,266) (1,016)
Selling, general and administrative expense (13,665) (10,099) (6,623)
Operating profit 33,141 35,978 40,142
Interest expense (281) (1,393) (315)
Depreciation and amortization expense (865) (291) (127)
Interest and fees income 0 265 2,503
Interest on direct financing leases income 13 781 1,039
Profit participation on notes receivable 0 0 597
Other income, net 2,708 869 804
Income before taxes 34,716 36,209 44,643
Income tax provision (benefit) 9,171 (24,853) 327
Net income 25,545 61,062 44,316
Less: net income attributable to noncontrolling interests 10,220 11,036 12,309
Net income attributable to Green Brick Partners, Inc. $ 15,325 $ 50,026 $ 32,007
Net income attributable to Green Brick Partners, Inc. per common share:      
Basic (in dollars per share) $ 0.38 $ 3.40 $ 2.88
Diluted (in dollars per share) $ 0.38 $ 3.40 $ 2.88
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:      
Basic (in shares) 40,068 14,712 11,109
Diluted (in shares) 40,099 14,712 11,109