XML 46 R30.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summarized Unaudited Quarterly Results of Operations
Summarized unaudited quarterly results of operations for the years ended December 31, 2016 and December 31, 2015 are as follows (in thousands, except per share amounts):
Year ended December 31, 2016
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
69,958

 
$
98,936

 
$
91,670

 
$
119,764

Gross profit(1)
 
14,414

 
22,116

 
20,644

 
29,201

Net income attributable to Green Brick Partners, Inc.
 
3,094

 
6,743

 
6,243

 
7,676

Net income attributable to Green Brick Partners, Inc. per common share:
 
 
 
 
 
 
 
 
Basic
 
$0.06
 
$0.14
 
$0.13
 
$0.16
Diluted
 
$0.06
 
$0.14
 
$0.13
 
$0.16
Year ended December 31, 2015
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
58,452

 
$
71,987

 
$
75,198

 
$
85,508

Gross profit(1)
 
15,039

 
15,922

 
14,387

 
16,904

Net income attributable to Green Brick Partners, Inc.
 
4,018

 
3,788

 
2,826

 
4,693

Net income attributable to Green Brick Partners, Inc. per common share:(2)
 
 
 
 
 
 
 
 
Basic
 
$0.13
 
$0.12
 
$0.06
 
$0.10
Diluted
 
$0.13
 
$0.12
 
$0.06
 
$0.10
 
(1)
Certain indirect project costs previously classified as salary expense and selling, general and administrative expense have been classified as cost of residential units for the years ended December 31, 2015 and December 31, 2014 to properly present cost of residential units, salary expense, and selling, general and administrative expense. Therefore, the amounts presented differ from the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 2015 and our Quarterly Report on Form 10-Q for the first, second and third quarters of 2016. See Note 2 for further discussion on this change in classification.
(2)
Per share amounts for the four quarters do not add to per share amounts for the year due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.