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
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Sale of residential units $ 120,366 $ 93,397
Sale of land and lots 7,899 5,940
Total revenues 128,265 99,337
Cost of residential units 94,509 73,761
Cost of land and lots 6,626 4,290
Total cost of sales 101,135 78,051
Total gross profit 27,130 21,286
Salary expense 6,938 5,435
Selling, general and administrative expense 5,825 4,278
Operating profit 14,367 11,573
Equity in income of unconsolidated entity 1,536 0
Other income, net 708 542
Income before taxes 16,611 12,115
Income tax provision 3,372 3,889
Net income 13,239 8,226
Less: Net income attributable to noncontrolling interests 2,036 2,029
Net income attributable to Green Brick Partners, Inc. $ 11,203 $ 6,197
Net income attributable to Green Brick Partners, Inc. per common share:    
Basic (in dollars per share) $ 0.22 $ 0.13
Diluted (in dollars per share) $ 0.22 $ 0.13
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:    
Basic (in shares) 50,577 48,958
Diluted (shares) 50,718 49,017