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Net Income Attributable to Green Brick Partners, Inc. Per Share
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Net Income Attributable to Green Brick Partners, Inc. Per Share
NET INCOME ATTRIBUTABLE TO GREEN BRICK PARTNERS, INC. PER SHARE

The 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 share is computed by dividing net income by the weighted average number of common shares outstanding during each period, adjusted for non-vested shares of restricted stock awards 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 restricted stock awards.

The computation of basic and diluted net income attributable to Green Brick Partners, Inc. per share using the treasury stock method is as follows (in thousands, except per share amounts):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Basic net income attributable to Green Brick Partners, Inc. per share
 
 
 
 
 
 
 
Net income attributable to Green Brick Partners, Inc. —basic
$
6,243

 
$
2,826

 
$
16,080

 
$
10,632

Weighted-average number of shares outstanding —basic
48,899

 
48,495

 
48,868

 
37,125

Basic net income attributable to Green Brick Partners, Inc. per share
$
0.13

 
$
0.06

 
$
0.33

 
$
0.29

Diluted net income attributable to Green Brick Partners, Inc. per share
 
 
 
 
 
 
 
Net income attributable to Green Brick Partners, Inc. —diluted
$
6,243

 
$
2,826

 
$
16,080

 
$
10,632

Weighted-average number of shares used to compute basic net income attributable to Green Brick Partners, Inc.
48,899

 
48,495

 
48,868

 
37,125

Dilutive effect of stock options and restricted stock awards
8

 
100

 
3

 
36

Weighted-average number of shares outstanding —diluted
48,907

 
48,595

 
48,871

 
37,161

Diluted net income attributable to Green Brick Partners, Inc. per share
$
0.13

 
$
0.06

 
$
0.33

 
$
0.29



The following securities 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):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Antidilutive options to purchase common stock and restricted stock awards
113

 

 
186

 
67