XML 45 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summarized Unaudited Quarterly Results of Operations
Summarized unaudited quarterly results of operations for the years ended December 31, 2017 and December 31, 2016 are as follows (in thousands, except per share amounts):
Year ended December 31, 2017
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
99,337

 
$
104,951

 
$
113,706

 
$
136,380

Gross profit
 
21,286

 
22,926

 
25,410

 
28,831

Net income (loss) attributable to Green Brick Partners, Inc.(1)
 
6,197

 
7,689

 
9,280

 
(8,196
)
Net income (loss) attributable to Green Brick Partners, Inc. per common share:(2)
 
 
 
 
 
 
 
 
Basic
 
$0.13
 
$0.16
 
$0.19
 
$(0.16)
Diluted
 
$0.13
 
$0.16
 
$0.19
 
$(0.16)
Year ended December 31, 2016
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
69,958

 
$
98,936

 
$
91,670

 
$
119,764

Gross profit
 
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
 
(1)
Net loss attributable to Green Brick Partners, Inc. in the fourth quarter is due to the remeasurement of our deferred tax assets as a result of the change in federal statutory tax rate which resulted in additional tax expense of $19.0 million.
(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.