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 March 31,
	2018		2017
Net income attributable to Green Brick Partners, Inc. per share:
Net income attributable to Green Brick Partners, Inc.	$	11,203	$	6,197

Weighted-average number of shares outstanding —basic	50,577		48,958
Basic net income attributable to Green Brick Partners, Inc. per share	$	0.22	$	0.13

Weighted-average number of shares outstanding —basic	50,577		48,958
Dilutive effect of stock options and restricted stock awards	141		59
Weighted-average number of shares outstanding —diluted	50,718		49,017
Diluted net income attributable to Green Brick Partners, Inc. per share	$	0.22	$	0.13

There were no potentially dilutive securities with antidilutive effect for the three months ended March 31, 2018 and 2017 that could potentially dilute earnings per share in the future.