XML 62 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Home sales $ 19,202,004 $ 9,606,622 $ 75,437,767 $ 14,657,942
Fee building, including management fees from unconsolidated joint ventures of $2,132,585, $1,640,226, $5,100,485 and $3,324,800, respectively 26,428,808 12,897,269 73,058,271 33,409,355
Revenues 45,630,812 22,503,891 148,496,038 48,067,297
Expenses:        
Cost of homes sales 17,196,140 7,917,632 65,475,664 11,899,770
Cost of fee building 25,208,891 13,023,279 68,985,641 32,474,746
Abandoned project costs 328,601 13,684 443,196 99,788
Selling and marketing 1,341,814 818,365 2,620,357 1,216,553
General and administrative 4,312,739 2,601,548 7,973,003 4,879,857
Total expenses 48,388,185 24,374,508 145,497,861 50,570,714
Equity in net income of unconsolidated joint ventures 3,256,023 171,508 5,123,922 944,728
Guaranty fee income 0 0 0 18,927
Other (expense) income, net (83,742) 12,640 (276,780) 11,984
Income (loss) before taxes 414,908 (1,686,469) 7,845,319 (1,527,778)
(Provision) benefit for taxes (140,433) 607,129 (3,025,602) 2,019,149
Net income (loss) 274,475 (1,079,340) 4,819,717 491,371
Net loss attributable to noncontrolling interests 174,875 33,985 198,279 34,485
Net income (loss) attributable to The New Home Company Inc. $ 449,350 $ (1,045,355) $ 5,017,996 $ 525,856
Earnings (loss) per share attributable to The New Home Company        
Basic (in dollars per share) $ 0.03 $ (0.06) $ 0.30 $ 0.03
Diluted (in dollars per share) $ 0.03 $ (0.06) $ 0.30 $ 0.03
Weighted average number of shares outstanding        
Basic (in shares) 16,516,546 16,448,750 16,502,578 15,233,473
Diluted (in shares) 16,672,649 16,448,750 16,623,663 15,255,751