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 is as follows (in thousands, except per share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Net income attributable to Green Brick Partners, Inc.	$	14,869	$	7,689	$	26,072	$	13,886

Weighted-average number of shares outstanding —basic	50,664		49,047		50,620		49,003
Basic net income attributable to Green Brick Partners, Inc. per share	$	0.29	$	0.16	$	0.52	$	0.28

Weighted-average number of shares outstanding —basic	50,664		49,047		50,620		49,003
Dilutive effect of stock options and restricted stock awards	119		76		131		67
Weighted-average number of shares outstanding —diluted	50,783		49,123		50,751		49,070
Diluted net income attributable to Green Brick Partners, Inc. per share	$	0.29	$	0.16	$	0.51	$	0.28

The following shares which could potentially dilute earnings per share in the future are not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share (in thousands):



	Three Months Ended June 30,		Six Months Ended June 30,
	2018	2017	2018	2017
Antidilutive options to purchase common stock and restricted stock awards	9	—	19	—