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

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

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

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

The Company's 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 June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Basic net income attributable to Green Brick Partners, Inc. per share
Net income attributable to Green Brick Partners, Inc. —basic	$	7,689	$	6,743	$	13,886	$	9,837
Weighted-average number of shares outstanding —basic	49,047		48,894		49,003		48,852
Basic net income attributable to Green Brick Partners, Inc. per share	$	0.16	$	0.14	$	0.28	$	0.20
Diluted net income attributable to Green Brick Partners, Inc. per share
Net income attributable to Green Brick Partners, Inc. —diluted	$	7,689	$	6,743	$	13,886	$	9,837
Weighted-average number of shares used to compute basic net income attributable to Green Brick Partners, Inc.	49,047		48,894		49,003		48,852
Dilutive effect of stock options and restricted stock awards	76		—		67		—
Weighted-average number of shares outstanding —diluted	49,123		48,894		49,070		48,852
Diluted net income attributable to Green Brick Partners, Inc. per share	$	0.16	$	0.14	$	0.28	$	0.20

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 June 30,		Six Months Ended June 30,
	2017	2016	2017	2016
Antidilutive options to purchase common stock and restricted stock awards	—	150	—	223