XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Sale of residential units $ 108,437 $ 87,827 $ 302,179 $ 248,187
Sale of land and lots 5,269 3,843 15,815 12,377
Total revenues 113,706 91,670 317,994 260,564
Cost of residential units 84,752 68,350 237,066 195,001
Cost of land and lots 3,544 2,676 11,306 8,389
Total cost of sales 88,296 71,026 248,372 203,390
Total gross profit 25,410 20,644 69,622 57,174
Salary expense (5,218) (5,256) (15,985) (15,886)
Selling, general and administrative expense (4,302) (4,130) (12,747) (12,275)
Operating profit 15,890 11,258 40,890 29,013
Equity in income of unconsolidated entity 968 0 968 0
Other income, net 435 564 1,362 2,400
Income before provision for income taxes 17,293 11,822 43,220 31,413
Income tax provision 5,364 3,657 13,635 9,340
Net income 11,929 8,165 29,585 22,073
Less: net income attributable to noncontrolling interests 2,649 1,922 6,420 5,993
Net income attributable to Green Brick Partners, Inc. $ 9,280 $ 6,243 $ 23,165 $ 16,080
Net income attributable to Green Brick Partners, Inc. per common share:        
Basic (in dollars per share) $ 0.19 $ 0.13 $ 0.47 $ 0.33
Diluted (in dollars per share) $ 0.19 $ 0.13 $ 0.47 $ 0.33
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:        
Weighted-average number of shares outstanding —basic (shares) 49,808 48,899 49,274 48,868
Weighted-average number of shares outstanding —diluted (shares) 49,892 48,907 49,347 48,871