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

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

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

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 stockholders by the weighted average number of common shares outstanding during each period, adjusted for non-vested shares of RSAs and PRSUs during each period. Net income applicable to common stockholders 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, RSAs, RSUs and PRSUs.

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,
	2025		2024
Net income attributable to Green Brick Partners, Inc.	$	75,059	$	83,301
Cumulative preferred stock dividends	(719)		(719)
Net income applicable to common stockholders	$	74,340	$	82,582
Weighted-average number of common shares outstanding - basic	44,440		44,942
Basic net income attributable to Green Brick Partners, Inc. per common share	$	1.67	$	1.84
Weighted-average number of common shares outstanding - basic	44,440		44,942
Dilutive effect of stock options and restricted stock awards	68		488
Weighted-average number of common shares outstanding - diluted	44,508		45,430
Diluted net income attributable to Green Brick Partners, Inc. per common share	$	1.67	$	1.82

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 March 31,
	2025	2024
Antidilutive options to purchase common stock and restricted stock awards	(32)	(9)