Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

A summary of changes in stockholders’ equity is presented below (dollars in thousands):

	Common Stock					Additional Paid-in Capital			Retained Earnings		Total Green Brick Partners, Inc. Stockholders’ Equity			Noncontrolling Interests			Total Stockholders’ Equity
	Shares		Amount
Balance as of December 31, 2016	48,955,909		$	490		$	273,149		$	110,933	$	384,572		$	16,913		$	401,485
Share-based compensation	—		—			215			—		215			—			215
Issuance of common stock under 2014 Omnibus Equity Incentive Plan	214,649		2			1,767			—		1,769			—			1,769
Amortization of deferred share-based compensation	—		—			258			—		258			—			258
Withholdings from vesting of restricted stock awards	(63,057	)	(1		)	(585		)	—		(586		)	—			(586		)
Common stock issued in connection with the investment in the Challenger Subsidiary	1,477,000		15			14,608			—		14,623			—			14,623
Common stock issuable in connection with the investment in the Challenger Subsidiary	—		—			198			—		198			—			198
Contributions	—		—			—			—		—			438			438
Distributions	—		—			—			—		—			(9,740		)	(9,740		)
Net income	—		—			—			23,165		23,165			6,420			29,585
Balance as of September 30, 2017	50,584,501		$	506		$	289,610		$	134,098	$	424,214		$	14,031		$	438,245

Equity Issuance in Connection with the Acquisition of an Unconsolidated Entity

On August 15, 2017, the Company entered into the Agreement pursuant to which it acquired a 49.9% membership and ownership interest in the Challenger Subsidiary which acquired all of the membership and ownership interests in the Challenger Builder Subsidiaries. As consideration for such interests, the Company agreed to issue 1,477,000 unregistered shares of its common stock, par value $0.01 per share (excluding 20,000 Holdback Shares). The issuance of the common stock by the Company was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and the safe harbor provided by Rule 506 promulgated thereunder. The Company relied, in part, upon representations from each of the individuals that they are “accredited investors” as such term is defined in Rule 501 of Regulation D. See Note 3 for further discussion.