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Net Income Attributable to Green Brick Partners, Inc. Per Share | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Net Income Attributable to Green Brick Partners, Inc. Per Share | 11. EARNINGS PER SHARE The Company’s 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 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 applicable 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 share is as follows (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net income attributable to Green Brick Partners, Inc. | $ | 101,256 |  |  | $ | 52,263 |  |  | $ | 162,833 |  |  | $ | 78,232 |
Preferred dividends | (719) |  |  | — |  |  | (1,438) |  |  | — |
Net income applicable to common shareholders | 100,537 |  |  | 52,263 |  |  | 161,395 |  |  | 78,232 |
Weighted-average number of common shares outstanding - basic | 48,046 |  |  | 50,701 |  |  | 49,309 |  |  | 50,667 |
Basic net income attributable to Green Brick Partners, Inc. per common share | $ | 2.09 |  |  | $ | 1.03 |  |  | $ | 3.27 |  |  | $ | 1.54 |
Weighted-average number of common shares outstanding - basic | 48,046 |  |  | 50,701 |  |  | 49,309 |  |  | 50,667 |
Dilutive effect of stock options and restricted stock awards | 338 |  |  | 363 |  |  | 330 |  |  | 362 |
Weighted-average number of common shares outstanding - diluted | 48,384 |  |  | 51,064 |  |  | 49,639 |  |  | 51,029 |
Diluted net income attributable to Green Brick Partners, Inc. per common share | $ | 2.08 |  |  | $ | 1.02 |  |  | $ | 3.25 |  |  | $ | 1.53 |
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 June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Antidilutive options to purchase common stock and restricted stock awards | (23) |  |  | — |  |  | (29) |  |  | — |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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