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Net Income Attributable to Green Brick Partners, Inc. Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Net Income Attributable to Green Brick Partners, Inc. Per Share
12. EARNINGS PER SHARE

The Company’s RSAs have the right to receive forfeitable dividends on an equal basis with common stock and its PRSUs do not participate in dividends with common stock. As such, these stock awards are not considered participating securities and are excluded from 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 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 June 30,Six Months Ended June 30,
2023202220232022
Net income attributable to Green Brick Partners, Inc.$75,270 $101,256 $139,450 $162,833 
Preferred dividends (719)(719)(1,438)(1,438)
Net income applicable to common stockholders74,551 100,537 138,012 161,395 
Weighted-average number of common shares outstanding - basic45,371 48,046 45,656 49,309 
Basic net income attributable to Green Brick Partners, Inc. per common share$1.64 $2.09 $3.02 $3.27 
Weighted-average number of common shares outstanding - basic45,371 48,046 45,656 49,309 
Dilutive effect of stock options and restricted stock awards384 338 395 330 
Weighted-average number of common shares outstanding - diluted45,755 48,384 46,051 49,639 
Diluted net income attributable to Green Brick Partners, Inc. per common share$1.63 $2.08 $3.00 $3.25 

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,
2023202220232022
Antidilutive options to purchase common stock and restricted stock awards(4)(23)(55)(29)