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Intangible Assets, Goodwill and Other - USD ($) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2022 | Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |  |
Goodwill and Intangible Assets Disclosure [Text Block] | Intangible Assets In April 2018, following a series of transactions, the Company acquired substantially all of the assets and assumed certain liabilities of GHO Homes Corporation and its affiliates (“GHO”) through a newly formed subsidiary, GRBK GHO Homes, LLC (“GRBK GHO”). The Company holds an 80% controlling interest in this Florida-based partner. Intangible assets related to the acquired trade name were recognized in this business combination. The amortization of the acquired trade name of $0.1 million for each of the years ended December 31, 2022, 2021, and 2020, respectively, was recorded in selling, general and administrative expense in the consolidated statements of income. The accumulated amortization of the acquired trade name was $0.4 million and $0.3 million as of December 31, 2022 and December 31, 2021, respectively. The estimated amortization expense related to the acquired trade name for each of the next five years as of December 31, 2022 is as follows (in thousands):
2023 | $ | 85 |
2024 | 85 |
2025 | 85 |
2026 | 85 |
2027 | 85 |
Thereafter | 27 |
Total | $ | 452 |
Goodwill Pursuant to this acquisition, the Company recognized goodwill of $0.7 million. The Company performed its annual goodwill impairment testing during the fourth quarter of 2022 by completing a qualitative assessment, which included the review of macroeconomic conditions and financial performance, among others. Through this assessment the Company determined that it is not more likely than not that the carrying amount of the Southeast reporting unit exceeds its fair value. The Company did not record any goodwill impairment during the years ended December 31, 2022, 2021 and 2020. Redeemable Noncontrolling Interest in Equity of Consolidated Subsidiary As part of the GRBK GHO business combination, we entered into a put/call agreement (“Put/Call Agreement”) with respect to the equity interest in the joint venture held by the minority partner. The Put/Call Agreement provides that the 20% ownership interest in GRBK GHO held by the minority partner would be subject to put and purchase options starting in April 2024. The exercise price would be based on the financial results of GRBK GHO for the three years prior to exercise of the option. If the minority partner does not exercise the put option, we have the option, but not the obligation, to buy the 20% interest in GRBK GHO from our partner. Based on the nature of the put/call structure, the noncontrolling interest attributable to the 20% minority interest owned by our Florida-based partner is included as redeemable noncontrolling interest in equity of consolidated subsidiary in the Company’s consolidated financial statements. The following table shows the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the years ended December 31, 2022 and 2021 (in thousands):
|  | Years Ended December 31,
|  | 2022 |  | 2021
Redeemable noncontrolling interest, beginning of period |  | $ | 21,867 |  |  | $ | 13,543 |
Net income attributable to redeemable noncontrolling interest partner |  | 4,617 |  |  | 2,586 |
Distributions of income to redeemable noncontrolling interest partner |  | — |  |  | (106) |
Change in fair value of redeemable noncontrolling interest |  | 2,755 |  |  | 5,844 |
Redeemable noncontrolling interest, end of period |  | $ | 29,239 |  |  | $ | 21,867 |
Amortization of Intangible Assets | $ 100,000 |
Finite-Lived Intangible Assets, Accumulated Amortization | $ 400,000 | $ 300,000

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