Investment in Unconsolidated Entity (Tables)

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Schedule of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

A summary of the financial information of the unconsolidated entities that are accounted for by the equity method is as follows (in thousands):

	December 31, 2018		December 31, 2017
Assets:
Cash	$	14,584	$	3,981
Accounts receivable	1,259		1,494
Bonds and notes receivable	5,864		2,850
Loans held for sale, at fair value	3,083		—
Inventory	44,375		57,841
Other assets	3,132		2,248
Total assets	$	72,297	$	68,414
Liabilities:
Accounts payable	$	2,173	$	5,060
Accrued expenses and other liabilities	5,328		2,857
Notes payable	31,402		36,923
Total liabilities	$	38,903	$	44,840
Owners’ equity:
Green Brick	$	15,653	$	11,763
Others	17,741		11,811
Total owners’ equity	$	33,394	$	23,574
Total liabilities and owners’ equity	$	72,297	$	68,414
	Year Ended December 31, 2018		Year Ended December 31, 2017
Revenues	$	166,102	$	58,958
Costs and expenses	148,222		44,969
Net earnings of unconsolidated entities	$	17,880	$	13,989
Company’s share in net earnings of unconsolidated entities	$	7,259	$	2,746

The Company’s investment in Challenger on August 15, 2017 was determined as follows (in thousands, except per share data):

Consideration transferred at closing
Green Brick common stock issued	1,477
Price per share of Green Brick common stock(1)	$	9.90
Fair value of common stock consideration	$	14,622
Acquisition related costs	$	241
Total fair value of consideration transferred at closing	$	14,863
Subsequent consideration
Holdback Shares	20
Price per share of Green Brick common stock(1)	$	9.90
Total fair value of subsequent consideration	$	198
Total fair value of consideration	$	15,061

(1) Based upon closing price of the Company’s common stock upon the parties’ execution of the Challenger Agreement.