Green Brick Partners (GRBK) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 06, 2020
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	GRBK
Security Exchange Name	NASDAQ
Document Transition Report	false
Document Quarterly Report	true
Entity Incorporation, State or Country Code	DE
Entity Registrant Name	Green Brick Partners, Inc.
Entity Central Index Key	0001373670
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Tax Identification Number	20-5952523
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		50,616,922
Entity Shell Company	false
Entity File Number	001-33530
Entity Address, Address Line One	2805 Dallas Pkwy
Entity Address, Address Line Two	Ste 400
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75093
City Area Code	(469)
Local Phone Number	573-6755

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents			$ 23,873	$ 38,315
Restricted cash	$ 6,771	$ 4,416	2,741	3,440
Inventory	770,628	753,567
Investments in unconsolidated entities	31,202	30,294
Operating Lease, Right-of-Use Asset	2,887	3,462
Property and equipment, net	4,743	4,309
Earnest money deposits	18,876	14,686
Deferred income tax assets, net	15,262	15,262
Intangible assets, net	686	707
Goodwill	680	680
Other assets	11,564	10,167
Total assets	975,180	875,539
LIABILITIES AND EQUITY
Accounts payable	31,332	30,044
Accrued expenses	31,492	24,656
Operating Lease, Liability	2,986	3,564
Borrowings on lines of credit, net	242,758	164,642
Senior Notes	73,466	73,406
Contract with Customer, Liability	22,585	23,954
Contingent consideration	5,267	5,267
Total liabilities	409,886	325,533
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary	11,412	13,611
Green Brick Partners, Inc. stockholders’ equity
Preferred stock, $0.01 par value: 5,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,008,861 and 50,879,949 issued and 50,616,922 and 50,488,010 outstanding as of March 31, 2020 and December 31, 2019, respectively	510	509	508	507
Additional paid-in capital	294,695	290,799	291,271	291,299
Retained earnings	250,944	235,027	190,131	177,526
Total Green Brick Partners, Inc. stockholders’ equity	542,982	523,168	480,869	468,351
Noncontrolling interests	10,900	13,227	4,788	17,281
Total equity	553,882	536,395	485,657	485,632
Total liabilities and equity	975,180	875,539
Cash and Cash Equivalents, at Carrying Value	105,860	33,269
Accounts Receivable, after Allowance for Credit Loss	6,021	4,720
Treasury Stock, Value	$ 3,167	$ 3,167	$ 1,041	$ 981

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common Stock, Shares, Issued	51,008,861	50,879,949
Common stock, shares outstanding (in shares)	50,616,922	50,488,010

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Total revenues	$ 213,267	$ 168,628
Cost of Goods and Services Sold	164,298	133,262
Total gross profit	48,969	35,366
Selling, general and administrative expenses	26,869	23,066
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0	454
Equity in income of unconsolidated entities	2,565	1,846
Other (loss) income, net	(1,909)	1,627
Income before income taxes	22,756	15,319
Income tax expense	6,040	3,828
Net income	16,716	11,491
Less: Net income (loss) attributable to noncontrolling interests	799	(1,114)
Net income attributable to Green Brick Partners, Inc.	$ 15,917	$ 12,605
Net income attributable to Green Brick Partners, Inc. per common share:
Basic (in dollars per share)	$ 0.32	$ 0.25
Diluted (in dollars per share)	$ 0.31	$ 0.25
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:
Basic (in shares)	50,454	50,563
Diluted (in shares)	50,646	50,605
Residential Real Estate [Member]
Total revenues	$ 191,187	$ 161,588
Cost of Goods and Services Sold	147,187	127,828
Real Estate, Other [Member]
Total revenues	22,080	7,040
Cost of Goods and Services Sold	$ 17,111	$ 5,434

Statement of Shareholders' Equi

Statement of Shareholders' Equity (Statement) - USD ($) $ in Thousands	Total	Additional Paid-in Capital [Member]	Common Stock [Member]
Statement of Stockholders' Equity [Abstract]
Treasury Stock, Value	$ 981
Treasury Stock, Common, Shares	136,756
Common Stock, Shares, Issued	50,719,884
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,008,861 and 50,879,949 issued and 50,616,922 and 50,488,010 outstanding as of March 31, 2020 and December 31, 2019, respectively	$ 507
Additional Paid in Capital, Common Stock	291,299
Treasury Stock, Value	$ 981
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	159,780
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,466	$ 1,464	$ 2
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 545	(544)	(1)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	59,116
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 101
Temporary Equity, Accretion to Redemption Value, Adjustment	(1,120)	(1,120)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	10,735
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(1,758)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	10,847
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	71
Temporary Equity, Accretion to Redemption Value, Adjustment	(1,120)	(1,120)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	545	(544)	(1)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	1,466	1,464	2
Treasury Stock, Value	$ 1,041
Treasury Stock, Common, Shares	144,618
Common Stock, Shares, Issued	50,820,548
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,008,861 and 50,879,949 issued and 50,616,922 and 50,488,010 outstanding as of March 31, 2020 and December 31, 2019, respectively	$ 508
Additional Paid in Capital, Common Stock	291,271
Treasury Stock, Value	1,041
Additional Paid in Capital	290,799
Treasury Stock, Value	$ 3,167
Treasury Stock, Common, Shares	391,939
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.49
Common Stock, Shares, Issued	50,879,949
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,008,861 and 50,879,949 issued and 50,616,922 and 50,488,010 outstanding as of March 31, 2020 and December 31, 2019, respectively	$ 509
Additional Paid in Capital, Common Stock	290,799
Treasury Stock, Value	$ 3,167
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 6 months 25 days
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	204,620
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,600	1,598	2
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 592	591	(1)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	75,708
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 134
Temporary Equity, Accretion to Redemption Value, Adjustment		2,755
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	2,970
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	243
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 16,160
Granted (in shares)	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	4 years 6 months 25 days
Temporary Equity, Accretion to Redemption Value, Adjustment		2,755
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 592	591	(1)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	1,600	$ 1,598	$ 2
Additional Paid in Capital	294,695
Treasury Stock, Value	$ 3,167
Treasury Stock, Common, Shares	391,939
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.49
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 280
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 7.49
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 280
Common Stock, Shares, Issued	51,008,861
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,008,861 and 50,879,949 issued and 50,616,922 and 50,488,010 outstanding as of March 31, 2020 and December 31, 2019, respectively	$ 510
Additional Paid in Capital, Common Stock	294,695
Treasury Stock, Value	$ 3,167

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 16,716	$ 11,491
Depreciation, Depletion and Amortization	627	888
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Share-based compensation expense	1,734	1,638
Earnest Money Deposits and Pre-acquisition Costs Written-Off	3,440	466
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0	454	$ (5,300)
Deferred income taxes, net	0	(955)
Income (Loss) from Equity Method Investments	(2,565)	(1,846)
Distributions of income from unconsolidated entities	1,657	272
Changes in operating assets and liabilities:
(Increase) decrease in receivables	(1,301)	2,069
Increase in inventory	(16,884)	(21,720)
(Increase) decrease in earnest money deposits	(7,436)	3,319
Increase in other assets	(1,595)	(2,068)
Increase (decrease) in accounts payable	(1,288)	4,451
Increase in accrued expenses	6,850	2,855
Increase (Decrease) in Contract with Customer, Liability	1,369	1,643
Net cash provided by (used in) operating activities	1,162	(9,231)
Cash flows from investing activities:
Purchase of property and equipment	(1,054)	(571)
Net cash used in investing activities	(1,054)	(571)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings from lines of credit	126,000	37,000
Repayments of Lines of Credit	48,000	31,000
Payment, Tax Withholding, Share-based Payment Arrangement	592	544
Payments for Repurchase of Common Stock	0	60
Contributions of LLC Members	400	0
Payments to Noncontrolling Interests	2,970	10,735
Net cash provided by (used in) financing activities	74,838	(5,339)
Net increase (decrease) in cash and cash equivalents and restricted cash	74,946	(15,141)
Cash and cash equivalents, beginning of period		38,315	38,315
Restricted cash, beginning of period	4,416	3,440	3,440
Cash and cash equivalents and restricted cash, beginning of period	37,685	41,755	41,755
Cash and cash equivalents, end of period		23,873
Restricted cash, end of period	6,771	2,741	4,416
Cash and cash equivalents and restricted cash, end of period	112,631	26,614	$ 37,685
Supplemental Cash Flow Information [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	0	0
Income Taxes Paid, Net	(137)	0
Earnest Money Deposits and Pre-acquisition Costs Written-Off	$ 3,440	$ 466

Significant Accounting Policies

Significant Accounting Policies Accounting Policies (Notes)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and applicable regulations of the Securities and Exchange Commission (“SEC”), but do not include all of the information and footnotes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2019 was derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. In the opinion of management, the accompanying unaudited condensed consolidated financial statements for the periods presented reflect all adjustments of a normal, recurring nature necessary to fairly state our financial position, results of operations and cash flows. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020 or subsequent periods due to seasonal variations and other factors, such as the effects of novel coronavirus (“COVID-19”) and its influence on our future results. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Green Brick Partners, Inc., its controlled subsidiaries, and variable interest entities (“VIEs”) in which Green Brick Partners, Inc. or one of its controlled subsidiaries is deemed to be the primary beneficiary (together, the “Company”, “we”, or “Green Brick”). All intercompany balances and transactions have been eliminated in consolidation. The Company uses the equity method of accounting for its investments in unconsolidated entities over which it exercises significant influence but does not have a controlling interest. Under the equity method, the Company’s share of the unconsolidated entities’ earnings or losses, if any, is included in the condensed consolidated statements of income. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, including the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Reclassifications Beginning in the first quarter of 2020, the Company reclassified the write-offs of option deposits and pre-acquisition costs from selling, general and administrative expenses to other (loss) income, net in the consolidated statements of income in order to be more comparable with its peers. There was no impact on net income from the reclassification in any period. For a complete set of the Company’s significant accounting policies, refer to Note 1 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Newly identified significant accounting policies during the three months ended March 31, 2020 are presented below. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which changes the impairment model for most financial assets and certain other instruments from an “incurred loss” approach to an “expected credit loss” methodology. The Company adopted the standard on January 1, 2020 using the full retrospective application. The adoption of ASU 2016-13 had no impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”), which removes Step 2 of the goodwill impairment test. A goodwill impairment will now be determined by the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The Company adopted the standard on January 1, 2020. The adoption of ASU 2017-04 had no impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740, Income Taxes related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2020, with early adoption permitted. The Company does not expect the adoption of ASU 2019-12 to have a material impact on the Company’s consolidated financial statements.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Green Brick Partners, Inc., its controlled subsidiaries, and variable interest entities (“VIEs”) in which Green Brick Partners, Inc. or one of its controlled subsidiaries is deemed to be the primary beneficiary (together, the “Company”, “we”, or “Green Brick”). All intercompany balances and transactions have been eliminated in consolidation.
Equity Method Investments [Policy Text Block]	The Company uses the equity method of accounting for its investments in unconsolidated entities over which it exercises significant influence but does not have a controlling interest. Under the equity method, the Company’s share of the unconsolidated entities’ earnings or losses, if any, is included in the condensed consolidated statements of income.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which changes the impairment model for most financial assets and certain other instruments from an “incurred loss” approach to an “expected credit loss” methodology. The Company adopted the standard on January 1, 2020 using the full retrospective application. The adoption of ASU 2016-13 had no impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”), which removes Step 2 of the goodwill impairment test. A goodwill impairment will now be determined by the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The Company adopted the standard on January 1, 2020. The adoption of ASU 2017-04 had no impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740, Income Taxes related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2020, with early adoption permitted. The Company does not expect the adoption of ASU 2019-12 to have a material impact on the Company’s consolidated financial statements.
Reclassifications	Reclassifications Beginning in the first quarter of 2020, the Company reclassified the write-offs of option deposits and pre-acquisition costs from selling, general and administrative expenses to other (loss) income, net in the consolidated statements of income in order to be more comparable with its peers. There was no impact on net income from the reclassification in any period.

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Business Combination	BUSINESS COMBINATION On April 26, 2018 (the “Acquisition Date”), 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”), in which the Company holds an 80% controlling interest. GRBK GHO operates primarily in the Vero Beach, Florida market and is engaged in land and lot development, as well as all aspects of the homebuilding process. The acquisition allowed the Company to expand its operations into a new geographic market. The Company consolidates the financial statements of GRBK GHO as the Company owns 80% of the outstanding voting shares of the builder. 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 condensed consolidated financial statements. In February 2020, the Company and the minority partner of GRBK GHO amended the operating agreement of GRBK GHO to change the initial date upon which the put and purchase options related to the redeemable noncontrolling interest can be exercised from April 2021 to April 2024. The following table shows the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 2019 Redeemable noncontrolling interest, beginning of period $ 13,611 $ 8,531 Net income attributable to redeemable noncontrolling interest partner 556 644 Change in fair value of redeemable noncontrolling interest (2,755) 1,120 Redeemable noncontrolling interest, end of period $ 11,412 $ 10,295 Under the terms of the purchase agreement, the Company may be obligated to pay contingent consideration to our partner if certain annual performance targets are met over the three-year period following the Acquisition Date. The performance targets specified in the purchase agreement were met for the period from January 1, 2019 through December 31, 2019, and contingent consideration of $5.3 million was earned by the minority partner in 2019 and paid by the Company in April 2020 in addition to a $1.5 million distribution of income. As of March 31, 2020, the estimate of the undiscounted contingent consideration payouts for the period from January 1, 2020 through April 26, 2021 was $0.

Net Income Attributable to Gree

Net Income Attributable to Green Brick Partners, Inc. Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Income Attributable to Green Brick Partners, Inc. Per Share	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 share is computed by dividing net income by the weighted average number of common shares outstanding during each period, adjusted for nonvested shares of RSAs 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 RSAs. 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 March 31, 2020 2019 Net income attributable to Green Brick Partners, Inc. $ 15,917 $ 12,605 Weighted-average number of shares outstanding - basic 50,454 50,563 Basic net income attributable to Green Brick Partners, Inc. per share $ 0.32 $ 0.25 Weighted-average number of shares outstanding - basic 50,454 50,563 Dilutive effect of stock options and restricted stock awards 192 42 Weighted-average number of shares outstanding - diluted 50,646 50,605 Diluted net income attributable to Green Brick Partners, Inc. per share $ 0.31 $ 0.25 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 March 31, 2020 2019 Antidilutive options to purchase common stock and restricted stock awards — 21

Inventory

Inventory	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventory	INVENTORY A summary of inventory is as follows (in thousands): March 31, 2020 December 31, 2019 Homes completed or under construction $ 344,961 $ 314,966 Land and lots - developed and under development 421,471 437,553 Land held for sale 4,196 1,048 Total inventory $ 770,628 $ 753,567 A summary of interest costs incurred, capitalized and expensed is as follows (in thousands): Three Months Ended March 31, 2020 2019 Interest capitalized at beginning of period $ 18,596 $ 14,780 Interest incurred 2,959 2,886 Interest charged to cost of revenues (2,679) (1,140) Interest capitalized at end of period $ 18,876 $ 16,526 As of March 31, 2020, the Company reviewed the performance and outlook for all of its communities for indicators of potential impairment and performed detailed impairment analysis when necessary. As of March 31, 2020, the Company performed further impairment analysis of the selling communities with indicators of impairment with a combined corresponding carrying value of approximately $11.8 million. For the three months ended March 31, 2020, the Company recorded a de minimis impairment adjustment to reduce the carrying value of impaired communities to fair value. There were no impairment adjustments related to inventory recorded during the three months ended March 31, 2019.
Other Assets Disclosure	EARNEST MONEY DEPOSITS In the ordinary course of business, we enter into land purchase contracts with third-party developers in order to procure lots for the construction of our homes in the future. We also utilize option contracts with lot sellers as a method of acquiring lots in staged takedowns. Both land purchase and lot option contracts generally require us to pay a non-refundable earnest money deposit. We generally have the right, at our discretion, to terminate our obligations under both purchase contracts and option contracts by forfeiting the earnest money deposit with no further financial responsibility to the land seller. Management determined to abandon certain option contracts due to the impact of the COVID-19 pandemic on the homebuilding industry and projected future demand for homes in certain markets and/or locations. Earnest money deposits and pre-acquisition costs written off related to option contracts abandoned totaled $3.4 million and $0.5 million for the three months ended March 31, 2020 and 2019, respectively.

Investment in Unconsolidated En

Investment in Unconsolidated Entities	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	INVESTMENT IN UNCONSOLIDATED ENTITIES A summary of the unaudited condensed financial information of the unconsolidated entities that are accounted for by the equity method is as follows (in thousands): March 31, 2020 December 31, 2019 Assets: Cash $ 10,996 $ 11,699 Accounts receivable 1,341 3,252 Bonds and notes receivable 7,342 5,864 Loans held for sale, at fair value 18,580 23,143 Inventory 82,371 73,704 Other assets 5,050 4,012 Total assets $ 125,680 $ 121,674 Liabilities: Accounts payable $ 6,368 $ 1,726 Accrued expenses and other liabilities 7,294 7,784 Notes payable 57,689 58,223 Total liabilities $ 71,351 $ 67,733 Owners’ equity: Green Brick $ 27,020 $ 25,910 Others 27,309 28,031 Total owners’ equity $ 54,329 $ 53,941 Total liabilities and owners’ equity $ 125,680 $ 121,674 Three Months Ended March 31, 2020 2019 Revenues $ 35,365 $ 31,097 Costs and expenses 29,815 27,317 Net earnings of unconsolidated entities $ 5,550 $ 3,780 Company’s share in net earnings of unconsolidated entities $ 2,565 $ 1,846

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	DEBT Lines of Credit Borrowings on lines of credit outstanding, net of debt issuance costs, as of March 31, 2020 and December 31, 2019 consisted of the following (in thousands): March 31, 2020 December 31, 2019 Secured revolving credit facility $ 29,000 $ 38,000 Unsecured revolving credit facility 215,000 128,000 Debt issuance costs, net of amortization (1,242) (1,358) Total borrowings on lines of credit, net $ 242,758 $ 164,642 Secured Revolving Credit Facility On July 30, 2015, the Company entered into a revolving credit facility (the “Secured Revolving Credit Facility”) with Inwood National Bank, which initially provided for up to $50.0 million. Amounts outstanding under the Secured Revolving Credit Facility are secured by mortgages on real property and security interests in certain personal property (to the extent that such personal property is connected with the use and enjoyment of the real property) that is owned by certain of the Company’s subsidiaries. The entire unpaid principal balance and any accrued but unpaid interest is due and payable on the maturity date. Following several amendments, as of March 31, 2020, the aggregate commitment amount was $75.0 million and the maturity date of the Secured Revolving Credit Facility was May 1, 2022. As of March 31, 2020, letters of credit outstanding totaling $8.9 million reduced the aggregate maximum commitment amount to $66.1 million. As of March 31, 2020, the interest rate on outstanding borrowings under the Secured Revolving Credit Facility was 4.00% per annum. Unsecured Revolving Credit Facility On December 15, 2015, the Company entered into a credit agreement (the “Credit Agreement”), providing for a senior, unsecured revolving credit facility with initial aggregate lending commitments of up to $40.0 million (the “Unsecured Revolving Credit Facility”). Following amendments to the Credit Agreement, the aggregate lending commitment available under the Unsecured Revolving Credit Facility as of March 31, 2020 was $215.0 million, the maximum aggregate amount of the Unsecured Revolving Credit Facility was $275.0 million, and the termination date with respect to commitments under the Unsecured Revolving Credit Facility was December 14, 2021 for $30.0 million and December 14, 2022 for $185.0 million out of the aggregate lending commitment of $215.0 million. As of March 31, 2020, the interest rates on outstanding borrowings under the Unsecured Revolving Credit Facility ranged from 3.25% to 3.44% per annum. Based on the unprecedented disruptions to the credit and economic markets arising from the COVID-19 pandemic, we drew the full amount of our unsecured revolving credit facility during the three months ended March 31, 2020. We used a portion of these borrowings to pay down our secured revolving credit facility and the remainder are held in cash and cash equivalents. Senior Unsecured Notes On August 8, 2019, the Company issued $75.0 million aggregate principal amount of senior unsecured notes due on August 8, 2026 at a fixed rate of 4.00% per annum to Prudential Private Capital in a Section 4(a)(2) private placement transaction and received net proceeds of $73.3 million. A brokerage fee of approximately $1.5 million associated with the issuance was paid at closing. The brokerage fee, and other debt issuance costs of approximately $0.2 million, were deferred and reduced the amount of debt on our consolidated balance sheet. The Company used the net proceeds from the issuance of the senior unsecured notes to repay borrowings under the Company’s existing revolving credit facilities. Principal on the senior unsecured notes is required to be paid in increments of $12.5 million on August 8, 2024 and $12.5 million on August 8, 2025. The final principal payment of $50.0 million is due on August 8, 2026. Optional prepayment is allowed with payment of a “make-whole” penalty which fluctuates depending on market interest rates. Interest is payable quarterly in arrears commencing November 8, 2019.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020USD ($)
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair Value of Financial Instruments The Company’s financial instruments, none of which are held for trading purposes, include cash and cash equivalents, restricted cash, receivables, earnest money deposits, other assets, accounts payable, accrued expenses, customer and builder deposits, borrowings on lines of credit, senior unsecured notes, and contingent consideration liability. Per the fair value hierarchy, level 1 financial instruments include: cash and cash equivalents, restricted cash, receivables, earnest money deposits, other assets, accounts payable, accrued expenses, and customer and builder deposits due to their short-term nature. The Company estimates that, due to the short-term nature of the underlying financial instruments or the proximity of the underlying transaction to the applicable reporting date, the fair value of level 1 financial instruments does not differ materially from the aggregate carrying values recorded in the condensed consolidated financial statements as of March 31, 2020 and December 31, 2019. Level 2 financial instruments include borrowings on lines of credit and senior unsecured notes. Due to the short-term nature and floating interest rate terms, the carrying amounts of borrowings on lines of credit are deemed to approximate fair value. The estimated fair value of the senior unsecured notes as of March 31, 2020 was $70.4 million. The fair value of the contingent consideration liability related to the GRBK GHO business combination was estimated using the internally developed discounted cash flow analysis. As the measurement of the contingent consideration is based primarily on significant inputs not observable in the market, it represents a level 3 measurement. Key inputs in measuring the fair value of the contingent consideration liability are management’s projections of GRBK GHO’s net income and debt, and the annual discount rate of 16.5% that reflects the risk associated with achieving the milestones of the contingent consideration payments. As there was no change in balance for level 3 measurements which was represented by the contingent consideration liability of $5.3 million, the reconciliation of the beginning and ending balances for level 3 measurements is not required. There were no transfers between the levels of the fair value hierarchy for any of our financial instruments during the three months ended March 31, 2020. Fair Value of Nonfinancial Instruments Nonfinancial assets and liabilities include inventory which is measured at cost unless the carrying value is determined to be not recoverable in which case the affected instrument is written down to fair value. Per the fair value hierarchy, these items are level 3 nonfinancial instruments. For additional information on the Company’s inventory, refer to Note 3.
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net	$ 0
Measurement Input, Discount Rate [Member] | GHO Homes [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	0.165

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Letters of Credit and Performance Bonds During the ordinary course of business, certain regulatory agencies and municipalities require the Company to post letters of credit or performance bonds related to development projects. As of March 31, 2020 and December 31, 2019, letters of credit outstanding were $9.0 million and $9.0 million, respectively, and performance bonds outstanding totaled $6.2 million and $5.4 million, respectively. The Company does not believe that it is likely that any material claims will be made under a letter of credit or performance bond in the foreseeable future. Warranties Warranty accruals are included within accrued expenses on the condensed consolidated balance sheets. Warranty activity during the three months ended March 31, 2020 and 2019 consisted of the following (in thousands): Three Months Ended March 31, 2020 2019 Warranty accrual, beginning of period $ 3,840 $ 2,980 Warranties issued 840 653 Changes in liability for existing warranties (87) (144) Settlements (420) (862) Warranty accrual, end of period $ 4,173 $ 2,627 Operating Leases The Company has leases associated with office and design center space in Georgia, Texas, and Florida that, at the commencement date, have a lease term of more than 12 months and are classified as operating leases. The exercise of any extension options available in such operating lease contracts is not reasonably certain. Operating lease cost of $0.3 million and $0.3 million for the three months ended March 31, 2020 and 2019, respectively, is included in selling, general and administrative expenses in the condensed consolidated statements of income. For the three months ended March 31, 2020 and 2019, cash paid for amounts included in the measurement of operating lease liabilities was $0.3 million and $0.3 million, respectively. As of March 31, 2020, the weighted-average remaining lease term and the weighted-average discount rate used in calculating our lease liabilities were 3.0 years and 5.25%, respectively. The future annual undiscounted cash flows in relation to the operating leases and a reconciliation of such undiscounted cash flows to the operating lease liabilities recognized in the condensed consolidated balance sheet as of March 31, 2020 are presented below (in thousands): Remainder of 2020 $ 934 2021 1,011 2022 734 2023 1,055 Total future lease payments $ 3,734 Less: Interest 748 Present value of lease liabilities $ 2,986 The Company elected the short-term lease recognition exemption for all leases that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. For such leases, the Company does not recognize ROU assets or lease liabilities and instead recognizes lease payments in the condensed consolidated income statements on a straight-line basis. Short-term lease cost of $0.1 million and $0.1 million for the three months ended March 31, 2020 and 2019, respectively, related to such lease contracts is included in selling, general and administrative expenses in the condensed consolidated statements of income. Legal Matters Lawsuits, claims and proceedings may be instituted or asserted against us in the normal course of business. The Company is also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, title company regulations, employment practices and environmental protection. As a result, the Company may be subject to periodic examinations or inquiry by agencies administering these laws and regulations. The Company records an accrual for legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable. The Company accrues for these matters based on facts and circumstances specific to each matter and revises these estimates when necessary. In view of the inherent difficulty of predicting outcomes of legal claims and related contingencies, the Company generally cannot predict their ultimate resolution, related timing or eventual loss. If evaluations indicate loss contingencies that could be material are not probable, but are reasonably possible, the Company will disclose their nature with an estimate of the possible range of losses or a statement that such loss is not reasonably estimable. We believe that the disposition of legal claims and related contingencies will not have a material adverse effect on our results of operations and liquidity or on our financial condition.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Financial information relating to the Company’s reportable segments is as follows. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Three Months Ended March 31, (in thousands) 2020 2019 Revenues: Builder operations Central $ 123,425 $ 84,425 Three Months Ended March 31, (in thousands) 2020 2019 Southeast 67,762 77,173 Total builder operations 191,187 161,598 Land development 22,080 7,030 Total revenues $ 213,267 $ 168,628 Gross profit: Builder operations Central $ 30,716 $ 18,117 Southeast 18,154 19,287 Total builder operations 48,870 37,404 Land development 6,182 1,783 Corporate, other and unallocated (1) (6,083) (3,821) Total gross profit $ 48,969 $ 35,366 Income before income taxes: Builder operations Central $ 11,868 $ 6,938 Southeast 8,804 9,152 Total builder operations 20,672 16,090 Land development 5,577 2,677 Corporate, other and unallocated (2) (3,493) (3,448) Income before income taxes $ 22,756 $ 15,319 March 31, 2020 December 31, 2019 Inventory: Builder operations Central $ 279,771 $ 251,677 Southeast 184,990 168,140 Total builder operations 464,761 419,817 Land development 279,206 308,071 Corporate, other and unallocated (3) 26,661 25,679 Total inventory $ 770,628 $ 753,567 Goodwill: (4) Builder operations - Southeast $ 680 $ 680 (1) Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments. (2) Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries. (3) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development. (4) In connection with the GRBK GHO business combination, the Company recorded goodwill of $0.7 million.

Related Party Disclosures

Related Party Disclosures	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS During the three months ended March 31, 2020 and 2019, the Company had the following related party transactions through the normal course of business. Corporate Officers Trevor Brickman, the son of Green Brick’s Chief Executive Officer, is the President of CLH20, LLC (“Centre Living”). Green Brick’s ownership interest in Centre Living is 90% and Trevor Brickman’s ownership interest is 10%. Green Brick has 90% voting control over the operations of Centre Living. As such, 100% of Centre Living’s operations are included within our condensed consolidated financial statements. During the three months ended March 31, 2020, Trevor Brickman made a $0.4 million cash contribution to Centre Living. GRBK GHO GRBK GHO leases office space from entities affiliated with the president of GRBK GHO. During the three months ended March 31, 2020, GRBK GHO incurred de minimis rent expense under such lease agreements. As of March 31, 2020, there were no amounts due to the affiliated entities related to such lease agreements.

Compensation Related Costs, Sha

Compensation Related Costs, Share Based Payments	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	SHARE-BASED COMPENSATION Share-Based Award Activity During the three months ended March 31, 2020, the Company granted restricted stock awards (“RSAs”) under its 2014 Omnibus Equity Incentive Plan to executive officers (“EOs”). The RSAs granted to the EOs were 100% vested and non-forfeitable on the grant date. The fair value of the RSAs granted to EOs was recorded as share-based compensation expense on the grant date. The Company withheld 75,708 shares of common stock from EOs, at a total cost of $0.6 million, to satisfy statutory minimum tax requirements upon grant of the RSAs. A summary of share-based awards activity during the three months ended March 31, 2020 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share (in thousands) Nonvested, December 31, 2019 59 $ 9.05 Granted 205 $ 10.59 Vested (205) $ 10.59 Forfeited — $ — Nonvested, March 31, 2020 59 $ 9.05 Stock Options A summary of stock options activity during the three months ended March 31, 2020 is as follows: Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (in years) (in thousands) Options outstanding, December 31, 2019 500 $ 7.49 Granted — — Exercised — — Forfeited — — Options outstanding, March 31, 2020 500 $ 7.49 4.57 $ 280 Options exercisable, March 31, 2020 500 $ 7.49 4.57 $ 280 Share-Based Compensation Expense Share-based compensation expense was $1.7 million and $1.6 million for the three months ended March 31, 2020 and 2019, respectively. Recognized tax benefit related to share-based compensation expense was $0.4 million and $0.4 million for the three months ended March 31, 2020 and 2019, respectively.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTOn April 29, 2020, through a series of transactions, the Company obtained 100% control of one of its controlled builders by acquiring the remaining 50% equity interest. The Company is currently evaluating the accounting for this acquisition.

Significant Accounting Polici_2

Significant Accounting Policies Changes in Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Accounting [Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and applicable regulations of the Securities and Exchange Commission (“SEC”), but do not include all of the information and footnotes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2019 was derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. In the opinion of management, the accompanying unaudited condensed consolidated financial statements for the periods presented reflect all adjustments of a normal, recurring nature necessary to fairly state our financial position, results of operations and cash flows. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020 or subsequent periods due to seasonal variations and other factors, such as the effects of novel coronavirus (“COVID-19”) and its influence on our future results.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, including the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Redeemable Noncontrolling Interest [Table Text Block]	The following table shows the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 2019 Redeemable noncontrolling interest, beginning of period $ 13,611 $ 8,531 Net income attributable to redeemable noncontrolling interest partner 556 644 Change in fair value of redeemable noncontrolling interest (2,755) 1,120 Redeemable noncontrolling interest, end of period $ 11,412 $ 10,295

Net Income Attributable to Gr_2

Net Income Attributable to Green Brick Partners, Inc. Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	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 March 31, 2020 2019 Net income attributable to Green Brick Partners, Inc. $ 15,917 $ 12,605 Weighted-average number of shares outstanding - basic 50,454 50,563 Basic net income attributable to Green Brick Partners, Inc. per share $ 0.32 $ 0.25 Weighted-average number of shares outstanding - basic 50,454 50,563 Dilutive effect of stock options and restricted stock awards 192 42 Weighted-average number of shares outstanding - diluted 50,646 50,605 Diluted net income attributable to Green Brick Partners, Inc. per share $ 0.31 $ 0.25
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	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 March 31, 2020 2019 Antidilutive options to purchase common stock and restricted stock awards — 21

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Real Estate Inventory	A summary of inventory is as follows (in thousands): March 31, 2020 December 31, 2019 Homes completed or under construction $ 344,961 $ 314,966 Land and lots - developed and under development 421,471 437,553 Land held for sale 4,196 1,048 Total inventory $ 770,628 $ 753,567
Summary of Real Estate Inventory Capitalized Interest Costs	A summary of interest costs incurred, capitalized and expensed is as follows (in thousands): Three Months Ended March 31, 2020 2019 Interest capitalized at beginning of period $ 18,596 $ 14,780 Interest incurred 2,959 2,886 Interest charged to cost of revenues (2,679) (1,140) Interest capitalized at end of period $ 18,876 $ 16,526

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	A summary of the unaudited condensed financial information of the unconsolidated entities that are accounted for by the equity method is as follows (in thousands): March 31, 2020 December 31, 2019 Assets: Cash $ 10,996 $ 11,699 Accounts receivable 1,341 3,252 Bonds and notes receivable 7,342 5,864 Loans held for sale, at fair value 18,580 23,143 Inventory 82,371 73,704 Other assets 5,050 4,012 Total assets $ 125,680 $ 121,674 Liabilities: Accounts payable $ 6,368 $ 1,726 Accrued expenses and other liabilities 7,294 7,784 Notes payable 57,689 58,223 Total liabilities $ 71,351 $ 67,733 Owners’ equity: Green Brick $ 27,020 $ 25,910 Others 27,309 28,031 Total owners’ equity $ 54,329 $ 53,941 Total liabilities and owners’ equity $ 125,680 $ 121,674 Three Months Ended March 31, 2020 2019 Revenues $ 35,365 $ 31,097 Costs and expenses 29,815 27,317 Net earnings of unconsolidated entities $ 5,550 $ 3,780 Company’s share in net earnings of unconsolidated entities $ 2,565 $ 1,846

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Lines of Credit Outstanding	Lines of Credit Borrowings on lines of credit outstanding, net of debt issuance costs, as of March 31, 2020 and December 31, 2019 consisted of the following (in thousands): March 31, 2020 December 31, 2019 Secured revolving credit facility $ 29,000 $ 38,000 Unsecured revolving credit facility 215,000 128,000 Debt issuance costs, net of amortization (1,242) (1,358) Total borrowings on lines of credit, net $ 242,758 $ 164,642

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	reconciliation of the beginning and ending balances for level 3 measurements is not required.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Warranty Activity	Warranty activity during the three months ended March 31, 2020 and 2019 consisted of the following (in thousands): Three Months Ended March 31, 2020 2019 Warranty accrual, beginning of period $ 3,840 $ 2,980 Warranties issued 840 653 Changes in liability for existing warranties (87) (144) Settlements (420) (862) Warranty accrual, end of period $ 4,173 $ 2,627
Schedule of Annual Minimum Operating Lease Payments	The future annual undiscounted cash flows in relation to the operating leases and a reconciliation of such undiscounted cash flows to the operating lease liabilities recognized in the condensed consolidated balance sheet as of March 31, 2020 are presented below (in thousands): Remainder of 2020 $ 934 2021 1,011 2022 734 2023 1,055 Total future lease payments $ 3,734 Less: Interest 748 Present value of lease liabilities $ 2,986

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Financial information relating to the Company’s reportable segments is as follows. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Three Months Ended March 31, (in thousands) 2020 2019 Revenues: Builder operations Central $ 123,425 $ 84,425 Three Months Ended March 31, (in thousands) 2020 2019 Southeast 67,762 77,173 Total builder operations 191,187 161,598 Land development 22,080 7,030 Total revenues $ 213,267 $ 168,628 Gross profit: Builder operations Central $ 30,716 $ 18,117 Southeast 18,154 19,287 Total builder operations 48,870 37,404 Land development 6,182 1,783 Corporate, other and unallocated (1) (6,083) (3,821) Total gross profit $ 48,969 $ 35,366 Income before income taxes: Builder operations Central $ 11,868 $ 6,938 Southeast 8,804 9,152 Total builder operations 20,672 16,090 Land development 5,577 2,677 Corporate, other and unallocated (2) (3,493) (3,448) Income before income taxes $ 22,756 $ 15,319 March 31, 2020 December 31, 2019 Inventory: Builder operations Central $ 279,771 $ 251,677 Southeast 184,990 168,140 Total builder operations 464,761 419,817 Land development 279,206 308,071 Corporate, other and unallocated (3) 26,661 25,679 Total inventory $ 770,628 $ 753,567 Goodwill: (4) Builder operations - Southeast $ 680 $ 680 (1) Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments. (2) Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries. (3) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development. (4) In connection with the GRBK GHO business combination, the Company recorded goodwill of $0.7 million.

Compensation Related Costs, S_2

Compensation Related Costs, Share Based Payments (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share-Based Awards Activity	A summary of share-based awards activity during the three months ended March 31, 2020 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share (in thousands) Nonvested, December 31, 2019 59 $ 9.05 Granted 205 $ 10.59 Vested (205) $ 10.59 Forfeited — $ — Nonvested, March 31, 2020 59 $ 9.05

Significant Accounting Polici_3

Significant Accounting Policies Leases, Adoption of ASC 842 (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating Lease, Liability	$ 2,986	$ 3,564
Operating Lease, Right-of-Use Asset	$ 2,887	$ 3,462

Business Combination (Narrative

Business Combination (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Assets acquired
Goodwill	$ 680		$ 680
Liabilities assumed
Homebuilding revenues	213,267	$ 168,628
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	22,756	15,319
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	556	644	1,500
Temporary Equity, Accretion to Redemption Value	2,755	1,120
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low	0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 0	$ 454	$ (5,300)
GHO Homes [Member]
Liabilities assumed
Ownership percentage by noncontrolling owners	20.00%
GHO Homes [Member]
Liabilities assumed
Percent of equity interests acquired	80.00%

Net Income Attributable to Gr_3

Net Income Attributable to Green Brick Partners, Inc. Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income attributable to Green Brick Partners, Inc.	$ 15,917	$ 12,605
Weighted-average number of shares outstanding —basic (in shares)	50,454	50,563
Basic net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 0.32	$ 0.25
Dilutive effect of stock options and restricted stock awards (in shares)	192	42
Weighted-average number of shares outstanding —diluted (in shares)	50,646	50,605
Diluted net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 0.31	$ 0.25

Net Income Attributable to Gr_4

Net Income Attributable to Green Brick Partners, Inc. Per Share (Antidilutive Options Excluded From Calculation of Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Antidilutive options to purchase common stock and restricted stock awards (in shares)	0	21

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished Homes and Homes under Construction	$ 344,961		$ 314,966
Inventory, Real Estate, Land and Land Development Costs	421,471		437,553
Inventory, Land Held-for-sale	4,196		1,048
Total inventory	$ 770,628		$ 753,567
Document Period End Date	Mar. 31, 2020
Earnest Money Deposits and Pre-acquisition Costs Written-Off	$ 3,440	$ 466

Inventory (Capitalization of In

Inventory (Capitalization of Interest) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized at beginning of period	$ 18,596	$ 14,780
Interest incurred	2,959	2,886
Interest charged to cost of revenues	(2,679)	(1,140)
Interest capitalized at end of period	$ 18,876	$ 16,526
Document Period End Date	Mar. 31, 2020

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 123,425 $ 22,080 $ 84,425 $ 7,030 Southeast 67,762 — 77,163 10 Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Type of Customer Homebuyers $ 191,187 $ — $ 161,588 $ — Homebuilders — 22,080 — 7,040 Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Product Type Residential units $ 191,187 $ — $ 161,588 $ — Land and lots — 22,080 — 7,040 Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Timing of Revenue Recognition Transferred at a point in time $ 189,248 $ 22,080 $ 159,233 $ 7,040 Transferred over time 1,939 — 2,355 — Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Revenue recognized over time represents revenue from mechanic’s lien contracts.
Opening and Closing Contract Balances Included in Customer and Builder Deposits on Balance Sheet and Deposits Recognized as Revenue	Opening and closing contract balances included in customer and builder deposits on the condensed consolidated balance sheets are as follows (in thousands): March 31, 2020 December 31, 2019 Customer and builder deposits $ 22,585 $ 23,954 Three Months Ended March 31, 2020 2019 Type of Customer Homebuyers $ 5,835 $ 6,604 Homebuilders 3,641 825 Total deposits recognized as revenue $ 9,476 $ 7,429
Revenue Recognition	REVENUE RECOGNITION Disaggregation of Revenue The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 123,425 $ 22,080 $ 84,425 $ 7,030 Southeast 67,762 — 77,163 10 Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Type of Customer Homebuyers $ 191,187 $ — $ 161,588 $ — Homebuilders — 22,080 — 7,040 Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Product Type Residential units $ 191,187 $ — $ 161,588 $ — Land and lots — 22,080 — 7,040 Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Timing of Revenue Recognition Transferred at a point in time $ 189,248 $ 22,080 $ 159,233 $ 7,040 Transferred over time 1,939 — 2,355 — Total revenues $ 191,187 $ 22,080 $ 161,588 $ 7,040 Revenue recognized over time represents revenue from mechanic’s lien contracts. Contract Balances Opening and closing contract balances included in customer and builder deposits on the condensed consolidated balance sheets are as follows (in thousands): March 31, 2020 December 31, 2019 Customer and builder deposits $ 22,585 $ 23,954 The difference between the opening and closing balances of customer and builder deposits results from the timing difference between the customers’ payments of deposits and the Company’s performance, impacted slightly by terminations of contracts. The amount of deposits on residential units and land and lots held as of the beginning of the period and recognized as revenue during the three months ended March 31, 2020 and 2019 are as follows (in thousands): Three Months Ended March 31, 2020 2019 Type of Customer Homebuyers $ 5,835 $ 6,604 Homebuilders 3,641 825 Total deposits recognized as revenue $ 9,476 $ 7,429 Performance Obligations There was no revenue recognized during the three months ended March 31, 2020 and 2019 from performance obligations satisfied in prior periods. Transaction Price Allocated to the Remaining Performance Obligations The aggregate amount of transaction price allocated to the remaining performance obligations on our land sale and lot option contracts is $35.6 million. The Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel, which is expected to occur as follows (in thousands): Total Remainder of 2020 $ 19,217 2021 15,865 2022 560 Total $ 35,642 The timing of lot takedowns is contingent upon a number of factors, including customer needs, the number of lots being purchased, receipt of acceptance of the plat by the municipality, weather-related delays, and agreed-upon lot takedown schedules. Our contracts with homebuyers have a duration of less than one year. As such, the Company uses the practical expedient as allowed under ASC 606, Revenue from Contracts with Customers,
Disaggregation of Revenue [Line Items]
Total revenues	$ 213,267,000	$ 168,628,000
Revenue recognized	9,476,000	7,429,000
Revenue recognized from performance obligations satisfied in prior periods	0
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	11,412,000	10,295,000	$ 13,611,000	$ 8,531,000
Contract with Customer, Liability	22,585,000		$ 23,954,000
Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	191,187,000	161,588,000
Residential Real Estate [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	189,248,000	159,233,000
Residential Real Estate [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,939,000	2,355,000
Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	22,080,000	7,040,000
Real Estate, Other [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	22,080,000	7,040,000
Homebuilders [Member] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Revenue recognized	3,641,000	825,000
Homebuilders [Member] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	22,080,000	7,040,000
Homebuyers [Member] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	191,187,000	161,588,000
Revenue recognized	5,835,000	6,604,000
Homebuyers [Member] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Central | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	123,425,000	84,425,000
Central | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	22,080,000	7,030,000
Southeast [Domain] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	67,762,000	77,163,000
Southeast [Domain] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	10,000
Land development
Disaggregation of Revenue [Line Items]
Total revenues	22,080,000	7,030,000
Land development | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Builder operations | Land and Lots [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Builder operations | Southeast [Domain]
Disaggregation of Revenue [Line Items]
Total revenues	$ 67,762,000	$ 77,173,000

Revenue Recognition (Transactio

Revenue Recognition (Transaction Price Allocated to Remaining Performance Obligations) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligation, Expected Timing of Satisfaction	he Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel, which is expected to occur as follows (in thousands): Total Remainder of 2020 $ 19,217 2021 15,865 2022 560 Total $ 35,642
Revenue, Practical Expedient, Remaining Performance Obligation, Description	Our contracts with homebuyers have a duration of less than one year. As such, the Company uses the practical expedient as allowed under ASC 606, Revenue from Contracts with Customers, and therefore has not disclosed the transaction price allocated to remaining performance obligations as of the end of the reporting period.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 35,642
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 19,217
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 15,865
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 560
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Investment in Unconsolidated _3

Investment in Unconsolidated Entities (Summary of Financial Information of Investment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	$ 2,565	$ 1,846
Assets	975,180		$ 875,539
Liabilities	409,886		325,533
Stockholders' Equity Attributable to Parent	542,982	480,869	523,168	$ 468,351
Stockholders' Equity Attributable to Noncontrolling Interest	10,900	4,788	13,227	17,281
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	553,882	485,657	536,395	485,632
Liabilities and Equity	975,180		875,539
Total revenues	213,267	168,628
Net income	16,716	11,491
Cash		23,873		38,315
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	10,900	4,788	13,227	17,281
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	553,882	485,657	536,395	485,632
Total revenues	213,267	168,628
Net income	16,716	11,491
Equity in income of unconsolidated entities	2,565	1,846
Assets	975,180		875,539
Cash		23,873		38,315
Liabilities	409,886		325,533
Stockholders' Equity Attributable to Parent	542,982	480,869	523,168	$ 468,351
Liabilities and Equity	975,180		875,539
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	2,565	1,846
Assets	125,680		121,674
Liabilities	71,351		67,733
Stockholders' Equity Attributable to Parent	27,020		25,910
Stockholders' Equity Attributable to Noncontrolling Interest	27,309		28,031
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	54,329		53,941
Liabilities and Equity	125,680		121,674
Total revenues	35,365	31,097
Net income	5,550	3,780
Cash	10,996		11,699
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	27,309		28,031
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	54,329		53,941
Total revenues	35,365	31,097
Net income	5,550	3,780
Equity in income of unconsolidated entities	2,565	1,846
Accounts and Other Receivables, Net, Current	1,341		3,252
Financing Receivable, after Allowance for Credit Loss	7,342		5,864
Financing Receivable, Held-for-Sale	18,580		23,143
Inventory, Net	82,371		73,704
Other Assets, Current	5,050		4,012
Accounts Payable, Current	6,368		1,726
Accrued Liabilities, Current	7,294		7,784
Notes Payable, Current	57,689		58,223
Costs and Expenses	29,815	$ 27,317
Assets	125,680		121,674
Cash	10,996		11,699
Liabilities	71,351		67,733
Stockholders' Equity Attributable to Parent	27,020		25,910
Liabilities and Equity	$ 125,680		$ 121,674

Investment in Unconsolidated _4

Investment in Unconsolidated Entities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Goodwill	$ 680		$ 680
Investments in unconsolidated entities	31,202		$ 30,294
Equity in income of unconsolidated entity	$ 2,565	$ 1,846

Debt (Schedule of Lines of Cred

Debt (Schedule of Lines of Credit Outstanding) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Dec. 15, 2015	Jul. 30, 2015
Line of Credit Facility [Line Items]
Document Period End Date	Mar. 31, 2020
Long-term Line of Credit	$ 242,758,000	$ 164,642,000
Debt issuance costs, net of amortization	(1,242,000)	(1,358,000)
Letters of Credit Outstanding, Amount	9,000,000	9,000,000
Line of Credit Facility, Remaining Borrowing Capacity	66,100,000
Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	215,000,000		$ 40,000,000
Line of Credit Facility, Maximum Borrowing Capacity	275,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	29,000,000	38,000,000
Line of Credit Facility, Maximum Borrowing Capacity	75,000,000			$ 50,000,000
Letters of Credit Outstanding, Amount	8,900,000
Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	$ 215,000,000	$ 128,000,000

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Aug. 08, 2019	Mar. 31, 2020	Aug. 08, 2026	Aug. 08, 2025	Aug. 08, 2024	Dec. 31, 2019	Dec. 15, 2015	Jul. 30, 2015
Debt Instrument [Line Items]
Document Period End Date		Mar. 31, 2020
Debt Instrument, Interest Rate, Stated Percentage	4.00%
Proceeds from Issuance of Senior Long-term Debt	$ 73,300,000
Debt Instrument, Fee Amount	1,500,000
Payments of Debt Issuance Costs	200,000
Costs associated with amendment		$ 1,242,000				$ 1,358,000
Borrowings on lines of credit		242,758,000				164,642,000
Line of Credit Facility, Remaining Borrowing Capacity		66,100,000
Senior Notes	$ 75,000,000	73,466,000				73,406,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		275,000,000
Borrowings on lines of credit		$ 215,000,000					$ 40,000,000
Unsecured Debt [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End		3.25%
Unsecured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End		3.44%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 75,000,000						$ 50,000,000
Borrowings on lines of credit		$ 29,000,000				$ 38,000,000
Line of Credit Facility, Interest Rate at Period End		4.00%
Forecast [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Rolling after Year Five			$ 50,000,000	$ 12,500,000	$ 12,500,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 6,040	$ 3,828

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Carrying Value and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Document Period End Date	Mar. 31, 2020
Contingent consideration	$ 5,267		$ 5,267
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0	$ 454	$ (5,300)
Debt Instrument, Fair Value Disclosure	$ 70,400

Commitments and Contingencies_2

Commitments and Contingencies (Warranty activity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Letters of Credit Outstanding, Amount	$ 9,000		$ 9,000
Movement in Standard Product Warranty Accrual [Roll Forward]
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties	(87)	$ (144)
Accrued Expenses
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	3,840	2,980
Warranties issued	840	653
Settlements	(420)	(862)
Warranty accrual, end of period	4,173	$ 2,627
Performance Bonds
Product Warranty Liability [Line Items]
Amount of performance bonds outstanding	$ 6,200		$ 5,400

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Annual Minimum Operating Lease Payments) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating Lease, Liability	$ 2,986	$ 3,564
Remainder of 2020	934
Operating Leases, Future Minimum Payments, Due in Two Years	1,011
Lessee, Operating Lease, Liability, Payments, Due Year Three	734
2021	1,055
Total future lease payments	$ 3,734

Commitments and Contingencies O

Commitments and Contingencies Operating Leases Disclosures - ASC 842 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Earnest Money Deposits and Pre-acquisition Costs Written-Off	$ 3,440	$ 466
Short-term Lease, Cost	100
Operating Lease, Expense	300
Operating Lease, Payments	$ 300
Operating Lease, Weighted Average Remaining Lease Term	3 years
Operating Lease, Weighted Average Discount Rate, Percent	5.25%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Entity Emerging Growth Company	false
Revenues:
Total revenues	$ 213,267	$ 168,628
Gross profit:
Gross Profit	48,969	35,366
Income before income taxes:
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	22,756	15,319
Inventory
Inventory	770,628		$ 753,567
Goodwill
Goodwill	680		$ 680
Builder operations
Gross profit:
Gross Profit	48,870	37,404
Income before income taxes:
Results of Operations, Income before Income Taxes	20,672	16,090
Builder operations | Southeast [Domain]
Revenues:
Total revenues	67,762	77,173
Gross profit:
Gross Profit	18,154	19,287
Income before income taxes:
Results of Operations, Income before Income Taxes	8,804	9,152
Goodwill
Goodwill	700
Builder operations | Central
Gross profit:
Gross Profit	30,716	18,117
Income before income taxes:
Results of Operations, Income before Income Taxes	11,868	6,938
Land development
Revenues:
Total revenues	22,080	7,030
Gross profit:
Gross Profit	6,182	1,783
Income before income taxes:
Results of Operations, Income before Income Taxes	5,577	2,677
Corporate and Other [Member]
Income before income taxes:
Results of Operations, Income before Income Taxes	(3,493)	(3,448)
Real Estate, Other [Member]
Revenues:
Total revenues	22,080	7,040
Real Estate, Other [Member] | Southeast [Domain]
Revenues:
Total revenues	0	10
Real Estate, Other [Member] | Central
Revenues:
Total revenues	22,080	7,030
Residential Real Estate [Member]
Revenues:
Total revenues	191,187	161,588
Residential Real Estate [Member] | Southeast [Domain]
Revenues:
Total revenues	67,762	77,163
Residential Real Estate [Member] | Central
Revenues:
Total revenues	123,425	84,425
Residential Real Estate [Member] | Land development
Revenues:
Total revenues	$ 0	$ 0

Related Party Disclosures (Deta

Related Party Disclosures (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Related Party Transaction [Line Items]
Contributions of LLC Members	$ 400,000	$ 0
Centre Living
Related Party Transactions [Abstract]
Ownership percentage by noncontrolling owners	10.00%
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	10.00%
Ownership percentage by parent	90.00%
Office Space Lease Agreements
Related Party Transactions [Abstract]
Amounts due to affiliates	$ 0
Related Party Transaction [Line Items]
Amounts due to affiliates	0
GHO Homes [Member]
Related Party Transactions [Abstract]
Amounts due to affiliates	0
Related Party Transaction [Line Items]
Amounts due to affiliates	$ 0

Compensation Related Costs, S_3

Compensation Related Costs, Share Based Payments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 9.05		$ 9.05
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	59,000		59,000
Granted (in dollars per share)	$ 10.59
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	75,708	59,116
Share-based compensation expense	$ 1,734	$ 1,638
Share-based Payment Arrangement, Expense, Tax Benefit	400	400
Compensation cost not yet recognized	$ 100
Period for recognition	1 month 6 days
Percentage of awards vested and forfeitable at time of grant	100.00%
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 592	545
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	205,000
Vested (in dollars per share)	$ 10.59
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0
Forfeited (in dollars per share)	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	205,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 592	545
Document Period End Date	Mar. 31, 2020
Percentage of awards vested and forfeitable at time of grant	100.00%
Document Period End Date	Mar. 31, 2020
Common Stock [Member]
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ (1)	(1)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(1)	(1)
Additional Paid-in Capital [Member]
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	591	(544)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 591	$ (544)