Net Income Attributable to Green Brick Partners, Inc. Per Share

3 Months Ended

Mar. 31, 2021

Net Income Attributable to Green Brick Partners, Inc. Per Share

EARNINGS PER SHARE

The Company’s Restricted Stock Awards (“RSAs”) 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 nonvested shares of RSAs 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 RSAs.

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 March 31,
	2021		2020
Net income attributable to Green Brick Partners, Inc.	$	25,969	$	15,917

Weighted-average number of shares outstanding - basic	50,633		50,454
Basic net income attributable to Green Brick Partners, Inc. per share	$	0.51	$	0.32

Weighted-average number of shares outstanding - basic	50,633		50,454
Dilutive effect of stock options and restricted stock awards	360		192
Weighted-average number of shares outstanding - diluted	50,993		50,646
Diluted net income attributable to Green Brick Partners, Inc. per share	$	0.51	$	0.31

During the three months ended March 31, 2021 and 2020, there were no shares which could potentially dilute earnings per share in the future and that were not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share.