XML 54 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Earnings Per Share [Abstract]      
Earnings Per Share [Text Block] EARNINGS PER COMMON SHAREThe 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 common share is computed by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during each period, adjusted for non-vested shares of restricted stock awards during each period. Net income allocated to common shareholders is net income adjusted for preferred stock dividends including dividends declared and cumulative dividends related to the current dividend period that have not been declared as of period end. 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 common share is as follows (in thousands, except per share amounts):
Years Ended December 31,
202120202019
Net income attributable to Green Brick Partners, Inc.$190,210 $113,693 $58,656 
Cumulative preferred stock dividends(71)— — 
Net income applicable to common shareholders190,139 113,693 58,656 
Weighted-average number of common shares outstanding - basic50,700 50,568 50,530 
Basic net income attributable to Green Brick Partners, Inc. per common share$3.75 $2.25 $1.16 
Weighted-average number of common shares outstanding - basic50,700 50,568 50,530 
Dilutive effect of stock options and restricted stock awards360 227 106 
Weighted-average number of common shares outstanding - diluted51,060 50,795 50,636 
Diluted net income attributable to Green Brick Partners, Inc. per common share$3.72 $2.24 $1.16 

The following shares that 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):
Years Ended December 31,
202120202019
Antidilutive options to purchase common stock and restricted stock awards— 10 14 
   
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 10 14
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] The computation of basic and diluted net income attributable to Green Brick Partners, Inc. per common share is as follows (in thousands, except per share amounts):
Years Ended December 31,
202120202019
Net income attributable to Green Brick Partners, Inc.$190,210 $113,693 $58,656 
Cumulative preferred stock dividends(71)— — 
Net income applicable to common shareholders190,139 113,693 58,656 
Weighted-average number of common shares outstanding - basic50,700 50,568 50,530 
Basic net income attributable to Green Brick Partners, Inc. per common share$3.75 $2.25 $1.16 
Weighted-average number of common shares outstanding - basic50,700 50,568 50,530 
Dilutive effect of stock options and restricted stock awards360 227 106 
Weighted-average number of common shares outstanding - diluted51,060 50,795 50,636 
Diluted net income attributable to Green Brick Partners, Inc. per common share$3.72 $2.24 $1.16 
   
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] The following shares that 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):
Years Ended December 31,
202120202019
Antidilutive options to purchase common stock and restricted stock awards— 10 14 
   
Net Income (Loss) Attributable to Parent $ 190,210 $ 113,693 $ 58,656
Preferred Stock, Amount of Preferred Dividends in Arrears $ (71) $ 0 $ 0
Weighted Average Number Diluted Shares Outstanding Adjustment 360 227 106
Weighted Average Number of Shares Outstanding, Basic 50,700 50,568 50,530
Earnings Per Share, Basic $ 3.75 $ 2.25 $ 1.16
Weighted Average Number of Shares Outstanding, Diluted 51,060 50,795 50,636
Earnings Per Share, Diluted $ 3.72 $ 2.24 $ 1.16