Green Brick Partners (GRBK) 10-Q 4 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 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	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
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		50,661,919
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	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Restricted cash	$ 8,159	$ 4,416
Inventory	751,121	753,567
Investments in unconsolidated entities	35,130	30,294
Operating Lease, Right-of-Use Asset	3,073	3,462
Property and equipment, net	3,994	4,309
Earnest money deposits	19,427	14,686
Deferred income tax assets, net	15,377	15,262
Intangible assets, net	665	707
Goodwill	680	680
Other assets	14,973	10,167
Total assets	910,248	875,539
LIABILITIES AND EQUITY
Accounts payable	28,722	30,044
Accrued expenses	39,391	24,656
Operating Lease, Liability	3,161	3,564
Borrowings on lines of credit, net	143,875	164,642
Senior Notes	73,527	73,406
Contract with Customer, Liability	20,893	23,954
Contingent consideration	0	5,267
Total liabilities	313,818	325,533
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary	12,485	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; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	511	509
Additional paid-in capital	292,887	290,799
Retained earnings	285,528	235,027
Total Green Brick Partners, Inc. stockholders’ equity	575,759	523,168
Noncontrolling interests	8,186	13,227
Total equity	583,945	536,395
Total liabilities and equity	910,248	875,539
Cash and Cash Equivalents, at Carrying Value	43,162	33,269
Accounts Receivable, after Allowance for Credit Loss	14,487	4,720
Treasury Stock, Value	3,167	3,167
Other Notes Payable	$ 4,249	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 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	51,053,858	50,879,949
Common stock, shares outstanding (in shares)	50,661,919	50,488,010

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Total revenues	$ 232,833	$ 183,506	$ 446,100	$ 352,134
Cost of Goods and Services Sold	178,938	143,225	343,236	276,487
Gross Profit	53,895	40,281	102,864	75,647
Selling, general and administrative expenses	25,672	22,457	52,541	45,523
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0	(197)	0	257
Equity in income of unconsolidated entities	5,174	2,697	7,739	4,543
Other income, net	2,788	738	879	2,365
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	36,185	21,456	58,941	36,775
Income tax expense	1,348	5,332	7,388	9,160
Net income	34,837	16,124	51,553	27,615
Less: Net income attributable to noncontrolling interests	1,190	1,664	1,989	550
Net income attributable to Green Brick Partners, Inc.	$ 33,647	$ 14,460	$ 49,564	$ 27,065
Net income attributable to Green Brick Partners, Inc. per common share:
Basic (in dollars per share)	$ 0.67	$ 0.29	$ 0.98	$ 0.53
Diluted (in dollars per share)	$ 0.66	$ 0.29	$ 0.98	$ 0.53
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:
Basic (in shares)	50,583	50,655	50,519	50,609
Diluted (in shares)	50,692	50,724	50,669	50,665
Residential Real Estate [Member]
Total revenues	$ 228,667	$ 175,054	$ 419,854	$ 336,642
Cost of Goods and Services Sold	175,723	136,592	322,910	264,420
Real Estate, Other [Member]
Total revenues	4,166	8,452	26,246	15,492
Cost of Goods and Services Sold	$ 3,215	$ 6,633	$ 20,326	$ 12,067

Statement of Shareholders' Equi

Statement of Shareholders' Equity (Statement) - USD ($) $ in Thousands	Total	Additional Paid-in Capital [Member]	Common Stock [Member]	Retained Earnings	Noncontrolling Interest
Statement of Stockholders' Equity [Abstract]
Additional Paid in Capital	$ 291,299
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; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 507
Treasury Stock, Value	$ 981
Common Stock, Shares, Issued	50,719,884
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 507
Treasury Stock, Common, Shares	136,756
Additional Paid in Capital	$ 291,299
Retained Earnings (Accumulated Deficit)	177,526
Stockholders' Equity Attributable to Parent	468,351
Stockholders' Equity Attributable to Noncontrolling Interest	17,281
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 485,632
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	219,181
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,467	$ 1,464	$ 3
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	$ 218
Temporary Equity, Accretion to Redemption Value, Adjustment		(2,840)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	10,993
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(1,115)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	25,950
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	142
Temporary Equity, Accretion to Redemption Value, Adjustment		(2,840)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	545	544	(1)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,467	1,464	3
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	219,181
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	59,116
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 218
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	10,993
Net income attributable to Green Brick Partners, Inc.	27,065
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(1,115)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 25,950
Stock Repurchased During Period, Shares	(47,182)
Stock Repurchased During Period, Value	$ (388)
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	142
Payment for Contingent Consideration Liability, Operating Activities	1,332
Additional Paid in Capital	291,271
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; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 508
Treasury Stock, Value	$ 1,041
Common Stock, Shares, Issued	50,820,548
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 508
Treasury Stock, Common, Shares	144,618
Additional Paid in Capital	$ 291,271
Retained Earnings (Accumulated Deficit)	190,131
Stockholders' Equity Attributable to Parent	480,869
Stockholders' Equity Attributable to Noncontrolling Interest	4,788
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 485,657
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	59,401
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1		1
APIC, Share-based Payment Arrangement, Increase for Cost Recognition		117
Temporary Equity, Accretion to Redemption Value, Adjustment		(1,720)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	258
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	643
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	15,103
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	71	71
Temporary Equity, Accretion to Redemption Value, Adjustment		(1,720)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1		1
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	59,401
APIC, Share-based Payment Arrangement, Increase for Cost Recognition		117
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 258
Net income attributable to Green Brick Partners, Inc.	14,460
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	643
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 15,103
Stock Repurchased During Period, Shares	(39,320)
Stock Repurchased During Period, Value	$ (328)
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	71	71
Additional Paid in Capital	289,739	289,739
Treasury Stock, Value	$ 1,369
Treasury Stock, Common, Shares	183,938
Common Stock, Shares, Issued	50,879,949
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 509		509
Treasury Stock, Value	$ 1,369
Common Stock, Shares, Issued	50,879,949
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 509		509
Treasury Stock, Common, Shares	183,938
Additional Paid in Capital	$ 289,739	289,739
Retained Earnings (Accumulated Deficit)	204,591
Stockholders' Equity Attributable to Parent	493,470
Stockholders' Equity Attributable to Noncontrolling Interest	5,173
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	498,643
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; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 509
Additional Paid in Capital, Common Stock	290,799
Treasury Stock, Value	$ 3,167
Common Stock, Shares, Issued	50,879,949
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 509
Treasury Stock, Common, Shares	391,939
Additional Paid in Capital	$ 290,799
Retained Earnings (Accumulated Deficit)	235,027
Stockholders' Equity Attributable to Parent	523,168
Stockholders' Equity Attributable to Noncontrolling Interest	13,227
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 536,395
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 3 months 25 days
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	249,617
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,601	1,598	3
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	$ 218
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	5,251
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	747
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 50,311
Granted (in shares)
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 3 months 25 days
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 592	591	(1)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,601	1,598	3
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	249,617
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	75,708
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 218
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	5,251
Net income attributable to Green Brick Partners, Inc.	49,564
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	747
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	50,311
Noncontrolling Interest, Change in Redemption Value	863	863
Payment for Contingent Consideration Liability, Operating Activities	5,267
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent	937			$ 937	$ (937)
Additional Paid in Capital	294,695
Treasury Stock, Value	$ 3,167
Treasury Stock, Common, Shares	391,939
Common Stock, Shares, Issued	51,008,861
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 510
Treasury Stock, Value	$ 3,167
Common Stock, Shares, Issued	51,008,861
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 510
Treasury Stock, Common, Shares	391,939
Additional Paid in Capital	$ 294,695
Retained Earnings (Accumulated Deficit)	250,944
Stockholders' Equity Attributable to Parent	542,982
Stockholders' Equity Attributable to Noncontrolling Interest	10,900
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 553,882
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	44,997
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1	0	1
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	84
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	2,281
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	504
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	34,151
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1	0	$ 1
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	44,997
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 84
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	2,281
Net income attributable to Green Brick Partners, Inc.	33,647
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	504
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	34,151
Noncontrolling Interest, Increase from Business Combination	400
Noncontrolling Interest, Change in Redemption Value		$ (1,892)
Additional Paid in Capital	292,887
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	$ 2,180
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	$ 2,180
Common Stock, Shares, Issued	51,053,858
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 511
Additional Paid in Capital, Common Stock	292,887
Treasury Stock, Value	$ 3,167
Common Stock, Shares, Issued	51,053,858
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,053,858 and 50,879,949 issued and 50,661,919 and 50,488,010 outstanding as of June 30, 2020 and December 31, 2019, respectively	$ 511
Treasury Stock, Common, Shares	391,939
Additional Paid in Capital	$ 292,887
Retained Earnings (Accumulated Deficit)	285,528
Stockholders' Equity Attributable to Parent	575,759
Stockholders' Equity Attributable to Noncontrolling Interest	8,186
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 583,945

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 51,553	$ 27,615
Depreciation, Depletion and Amortization	1,539	1,678
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Share-based compensation expense	1,819	1,827
Earnest Money Deposits and Pre-acquisition Costs Written-Off	1,532	503
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0	(257)
Deferred income taxes, net	(115)	556
Income (Loss) from Equity Method Investments	(7,739)	(4,543)
Distributions of income from unconsolidated entities	3,393	1,673
Changes in operating assets and liabilities:
Increase in receivables	(9,767)	(167)
Decrease (increase) in inventory	2,798	(50,647)
(Increase) decrease in earnest money deposits	(6,273)	3,882
(Increase) decrease in other assets	(4,820)	249
Decrease in accounts payable	1,322	669
Increase (decrease) in accrued expenses	14,735	(1,276)
Increase (Decrease) in Contract with Customer, Liability	3,061	400
Net cash provided by (used in) operating activities	39,005	(20,794)
Cash flows from investing activities:
Purchase of property and equipment	(1,180)	(1,143)
Net cash used in investing activities	(1,670)	(1,143)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings from lines of credit	112,000	93,500
Repayments of Lines of Credit	133,000	61,500
Payment, Tax Withholding, Share-based Payment Arrangement	592	544
Payments for Repurchase of Common Stock	0	388
Contributions of LLC Members	400	0
Payments to Noncontrolling Interests	5,251	10,993
Net cash (used in) provided by financing activities	(23,699)	19,034
Net increase (decrease) in cash and cash equivalents and restricted cash	13,636	(2,903)
Cash and cash equivalents, beginning of period		38,315
Restricted cash, beginning of period	4,416	3,440
Cash and cash equivalents and restricted cash, beginning of period	37,685	41,755
Cash and cash equivalents, end of period		34,383
Restricted cash, end of period	8,159	4,469
Cash and cash equivalents and restricted cash, end of period	51,321	38,852
Supplemental Cash Flow Information [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	0	0
Income Taxes Paid, Net	13	7,520
Earnest Money Deposits and Pre-acquisition Costs Written-Off	1,532	503
Proceeds from Notes Payable	10,562	0
Repayments of Notes Payable	(6,313)	0
Payment for Contingent Consideration Liability, Financing Activities	0	(514)
Payments for Repurchase of Redeemable Noncontrolling Interest	(1,505)	(527)
Payment for Contingent Consideration Liability, Operating Activities	(5,267)	(1,332)
Payments to Acquire Equity Method Investments	$ 490	$ 0

Significant Accounting Policies

Significant Accounting Policies Accounting Policies (Notes)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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 allowances for option deposits and pre-acquisition costs related to option contracts from selling, general and administrative expenses to other (loss) income, net in the consolidated statements of income to conform to current year presentation. 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 six months ended June 30, 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 allowances for option deposits and pre-acquisition costs related to option contracts from selling, general and administrative expenses to other (loss) income, net in the consolidated statements of income to conform to current year presentation. There was no impact on net income from the reclassification in any period.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Business Combination	The Company has a noncontrolling interest attributable to the 20% minority interest in GRBK GHO Homes, LLC (“GRBK GHO”) owned by our Florida-based partner that 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 tables show the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, 2020 2019 Redeemable noncontrolling interest, beginning of period $ 11,412 $ 10,295 Net income attributable to redeemable noncontrolling interest partner 686 1,021 Distributions of income to redeemable noncontrolling interest partner (1,505) (527) Change in fair value of redeemable noncontrolling interest 1,892 1,720 Redeemable noncontrolling interest, end of period $ 12,485 $ 12,509 Six Months Ended June 30, 2020 2019 Redeemable noncontrolling interest, beginning of period $ 13,611 $ 8,531 Net income attributable to redeemable noncontrolling interest partner 1,242 1,665 Distributions of income to redeemable noncontrolling interest partner (1,505) (527) Change in fair value of redeemable noncontrolling interest (863) 2,840 Redeemable noncontrolling interest, end of period $ 12,485 $ 12,509 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 June 30, 2020, the estimate of the undiscounted contingent consideration payouts for the period from January 1, 2020 through April 26, 2021 wa s $0, as the Company does not expect GRBK GHO to exceed their hurdle rate of return during the above mentioned time period.

Net Income Attributable to Gree

Net Income Attributable to Green Brick Partners, Inc. Per Share	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net income attributable to Green Brick Partners, Inc. $ 33,647 $ 14,460 $ 49,564 $ 27,065 Weighted-average number of shares outstanding - basic 50,583 50,655 50,519 50,609 Basic net income attributable to Green Brick Partners, Inc. per share $ 0.67 $ 0.29 $ 0.98 $ 0.53 Weighted-average number of shares outstanding - basic 50,583 50,655 50,519 50,609 Dilutive effect of stock options and restricted stock awards 109 69 150 56 Weighted-average number of shares outstanding - diluted 50,692 50,724 50,669 50,665 Diluted net income attributable to Green Brick Partners, Inc. per share $ 0.66 $ 0.29 $ 0.98 $ 0.53 The following shares which could potentially dilute earnings per share in the future are not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Antidilutive options to purchase common stock and restricted stock awards 40 35 20 28

Inventory

Inventory	3 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventory	INVENTORY A summary of inventory is as follows (in thousands): June 30, 2020 December 31, 2019 Homes completed or under construction $ 318,232 $ 314,966 Land and lots - developed and under development 426,551 437,553 Land held for sale 6,338 1,048 Total inventory $ 751,121 $ 753,567 A summary of interest costs incurred, capitalized and expensed is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Interest capitalized at beginning of period $ 18,876 $ 16,526 $ 18,596 $ 14,780 Interest incurred 2,708 3,128 5,667 6,014 Interest charged to cost of revenues (2,793) (2,455) (5,472) (3,595) Interest capitalized at end of period $ 18,791 $ 17,199 $ 18,791 $ 17,199 Capitalized interest as a percentage of inventory 2.5 % 2.4 % 2.5 % 2.4 % As of June 30, 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 June 30, 2020, the Company performed further impairment analysis of the selling communities with indicators of impairment with a combined corresponding carrying value of approximately $9.9 million. For the three and six months ended June 30, 2020, the Company recorded $0.0 million and a de minimis impairment adjustment, respectively, to reduce the carrying value of impaired communities to fair value. An impairment adjustment of $0.1 million to reduce the carrying value of impaired communities to fair value was recorded for the three and six months ended June 30, 2019.

Investment in Unconsolidated En

Investment in Unconsolidated Entities	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	INVESTMENT IN UNCONSOLIDATED ENTITIES In May 2020, we established a joint venture, BHome Mortgage, LLC (“BHome Mortgage”) with First Continental Mortgage, Ltd., to provide mortgage related services to homebuyers. The Company owns 49.0% in BHome Mortgage. 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): June 30, 2020 December 31, 2019 Assets: Cash $ 15,917 $ 11,699 Accounts receivable 1,432 3,252 Bonds and notes receivable 7,342 5,864 Loans held for sale, at fair value 29,482 23,143 Inventory 83,718 73,704 Other assets 5,977 4,012 Total assets $ 143,868 $ 121,674 Liabilities: Accounts payable $ 5,814 $ 1,726 Accrued expenses and other liabilities 8,377 7,784 Notes payable 68,226 58,223 Total liabilities $ 82,417 $ 67,733 Owners’ equity: Green Brick $ 30,563 $ 25,910 Others 30,888 28,031 Total owners’ equity $ 61,451 $ 53,941 Total liabilities and owners’ equity $ 143,868 $ 121,674 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Revenues $ 52,948 $ 43,261 $ 88,313 $ 74,358 Costs and expenses 42,337 37,804 72,152 65,121 Net earnings of unconsolidated entities $ 10,611 $ 5,457 $ 16,161 $ 9,237 Company’s share in net earnings of unconsolidated entities 5,174 2,697 $ 7,739 $ 4,543

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt Disclosure	5. DEBT Lines of Credit Borrowings on lines of credit outstanding, net of debt issuance costs, as of June 30, 2020 and December 31, 2019 consisted of the following (in thousands): June 30, 2020 December 31, 2019 Secured revolving credit facility $ 15,000 $ 38,000 Unsecured revolving credit facility 130,000 128,000 Debt issuance costs, net of amortization (1,125) (1,358) Total borrowings on lines of credit, net $ 143,875 $ 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. On May 22, 2020, the Company amended the Secured Revolving Credit Facility to reduce the aggregate commitment amount of $75.0 million to $35.0 million. As of June 30, 2020, the maturity date of the Secured Revolving Credit Facility is May 1, 2022. As of June 30, 2020, letters of credit outstanding totaling $8.9 million reduced the aggregate maximum commitment amount to $26.1 million. As of June 30, 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”). As amended, the aggregate lending commitment available under the Unsecured Revolving Credit Facility as of June 30, 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 June 30, 2020, the interest rates on outstanding borrowings under the Unsecured Revolving Credit Facility ranged from 2.67% to 2.68% 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. During the three months ended June 30, 2020, we paid our Unsecured Revolving Credit Facility down to prior levels once it was apparent that the Company’s access to liquidity in the financial markets was not impaired. 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

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure	10. INCOME TAXES The Company’s income tax expense for the three and six months ended June 30, 2020 was $1.3 million and $7.4 million, respectively, compared to $5.3 million and $9.2 million in the prior year periods. The effective tax rate was 3.7% and 12.5% for the three and six months ended June 30, 2020, respectively, compared to 24.9% and 24.9% in the comparable prior year periods. The change in the effective tax rate for the three and six months ended June 30, 2020 relates primarily to the tax benefit of $6.7 million from the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (“the Act”). The Act retroactively reinstated the federal energy efficient homes tax credit that expired on December 31, 2017 to homes closed from January 1, 2018 to December 31, 2020.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2020 was $77.6 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. The reconciliation of the beginning and ending balances for level 3 measurements is as follows (in thousands): Carrying Value Estimated Fair Value Contingent consideration liability, balance as of December 31, 2019 $ 5,267 $ 5,267 Payment of contingent consideration — — Payment of contingent consideration in excess of acquisition date fair value (5,267) (5,267) Change in fair value of contingent consideration — — Contingent consideration liability, balance as of June 30, 2020 $ — $ — There were no transfers between the levels of the fair value hierarchy for any of our financial instruments during the three and six months ended June 30, 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. The fair value of inventory is primarily determined by discounting the estimated future cash flow of each community using various unobservable inputs in our impairment analysis. 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	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. 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 June 30, 2020 and December 31, 2019, letters of credit outstanding were $9.0 million for both periods, and performance bonds outstanding totaled $9.3 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 and six months ended June 30, 2020 and 2019 consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Warranty accrual, beginning of period $ 4,173 $ 2,627 $ 3,840 $ 2,980 Warranties issued 1,015 768 1,855 1,421 Changes in liability for existing warranties (52) 47 (139) (97) Settlements (285) (544) (705) (1,406) Warranty accrual, end of period $ 4,851 $ 2,898 $ 4,851 $ 2,898 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 $0.6 million for the three and six months ended June 30, 2020, respectively, and $0.3 million and $0.6 million in the prior year periods, is included in selling, general and administrative expenses in the condensed consolidated statements of income. Cash paid for amounts included in the measurement of operating lease liabilities was $0.3 million and $0.6 million, respectively, for the three and six months ended June 30, 2020 and 2019. As of June 30, 2020, the weighted-average remaining lease term and the weighted-average discount rate used in calculating our lease liabilities were 3.3 years and 4.9%, 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 June 30, 2020 are presented below (in thousands): Remainder of 2020 $ 647 2021 1,092 2022 816 2023 1,216 2024 86 Thereafter 153 Total future lease payments $ 4,010 Less: Interest 849 Present value of lease liabilities $ 3,161 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 $0.2 million for the three and six months ended June 30, 2020, respectively, and $0.1 million and $0.2 million for the comparable prior year periods, 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	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Revenues: (1) Builder operations Central $ 152,235 $ 79,168 $ 275,660 $ 163,593 Southeast 77,056 95,886 144,818 173,059 Total builder operations 229,291 175,054 420,478 336,652 Land development 3,542 8,452 25,622 15,482 Total revenues $ 232,833 $ 183,506 $ 446,100 $ 352,134 Gross profit: Builder operations Central $ 39,229 $ 17,903 $ 69,945 $ 36,020 Southeast 20,433 24,855 38,587 44,142 Total builder operations 59,662 42,758 108,532 80,162 Land development 593 2,119 6,775 3,902 Corporate, other and unallocated (2) (6,360) (4,596) (12,443) (8,417) Total gross profit $ 53,895 $ 40,281 $ 102,864 $ 75,647 Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Income before income taxes: Builder operations Central $ 25,137 $ 6,916 $ 37,005 $ 13,854 Southeast 12,259 14,962 21,063 24,114 Total builder operations 37,396 21,878 58,068 37,968 Land development 160 1,622 5,737 4,299 Corporate, other and unallocated (3) (1,371) (2,044) (4,864) (5,492) Income before income taxes $ 36,185 $ 21,456 $ 58,941 $ 36,775 June 30, 2020 December 31, 2019 Inventory: Builder operations Central $ 340,517 $ 251,677 Southeast 176,205 168,140 Total builder operations 516,722 419,817 Land development 207,517 308,071 Corporate, other and unallocated (4) 26,882 25,679 Total inventory $ 751,121 $ 753,567 Goodwill: (5) Builder operations - Southeast $ 680 $ 680 (1) The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the three and six months ended June 30, 2020 were $0.6 million and $0.6 million, respectively, compared to $0.0 million for the three and six months ended June 30, 2019. (2) 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. (3) Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries. (4) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development. (5) In connection with the GRBK GHO business combination, the Company recorded goodwill of $0.7 million.

Related Party Disclosures

Related Party Disclosures	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS During the three and six months ended June 30, 2020 and 2019, the Company had the following related party transactions in 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 and six months ended June 30, 2020, Trevor Brickman made cash contributions to Centre Living of $0.0 million and $0.4 million respectively. GRBK GHO GRBK GHO leases office space from entities affiliated with the president of GRBK GHO. During the three and six months ended June 30, 2020, GRBK GHO incurred de minimis rent expense under such lease agreements. As of June 30, 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	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	SHARE-BASED COMPENSATION Share-Based Award Activity During the six months ended June 30, 2020, the Company granted stock awards (“SAs”) under its 2014 Omnibus Equity Incentive Plan to executive officers (“EOs”) and restricted stock awards ("RSA") to non-employee members of the Board of Directors (“BOD”). The SAs granted to the EOs were 100% vested and non-forfeitable on the grant date. Some members of the BOD elected to defer up to 100% of their annual retainer fee in the form of RSAs. The RSAs granted to the BOD will become fully vested on the earlier of (i) the first anniversary of the date of grant of the shares of restricted common stock or (ii) the date of the Company’s 2021 Annual Meeting of Stockholders. The fair value of the SAs granted to EOs and RSAs granted to non-employee members of the BOD were recorded as share-based compensation expense on the grant date and over the vesting period, respectively. 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 SAs. A summary of share-based awards activity during the six months ended June 30, 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 250 $ 8.63 Vested (264) $ 8.10 Forfeited — $ — Nonvested, June 30, 2020 45 $ 12.33 Stock Options A summary of stock options activity during the six months ended June 30, 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, June 30, 2020 500 $ 7.49 4.32 $ 2,180 Options exercisable, June 30, 2020 500 $ 7.49 4.32 $ 2,180 Share-Based Compensation Expense Share-based compensation expense was $0.1 million and $0.2 million for the three months ended June 30, 2020 and 2019, respectively. Recognized tax benefit related to share-based compensation expense was $0.0 million and $0.0 million for the three months ended June 30, 2020 and 2019, respectively. Share-based compensation expense was $1.8 million and $1.8 million for the six months ended June 30, 2020 and 2019, respectively. Recognized tax benefit related to share-based compensation expense was $0.4 million and $0.4 million for the six months ended June 30, 2020 and 2019, respectively.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Variable Interest Entity Disclosure	2. VARIABLE INTEREST ENTITIES On April 29, 2020, through a series of transactions, the Company acquired the remaining membership and voting interests in our subsidiary, CB JENI Homes DFW LLC (“CB JENI”). As a result, CB JENI became an indirect wholly owned subsidiary of the Company, was no longer considered a VIE and was consolidated based on the majority voting interest pursuant to ASC 810. As both the entity wholly owned by the Company to which CB JENI ownership interests were assigned and CB JENI were controlled by the Company on April 29, 2020, the acquisition of the remaining membership interest was accounted for at the carrying amounts on CB JENI’s books, pursuant to provisions of ASC 805 that govern transactions between entities under common control.

Significant Accounting Polici_2

Significant Accounting Policies Changes in Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Redeemable Noncontrolling Interest [Table Text Block]	The following tables show the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, 2020 2019 Redeemable noncontrolling interest, beginning of period $ 11,412 $ 10,295 Net income attributable to redeemable noncontrolling interest partner 686 1,021 Distributions of income to redeemable noncontrolling interest partner (1,505) (527) Change in fair value of redeemable noncontrolling interest 1,892 1,720 Redeemable noncontrolling interest, end of period $ 12,485 $ 12,509

Net Income Attributable to Gr_2

Net Income Attributable to Green Brick Partners, Inc. Per Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net income attributable to Green Brick Partners, Inc. $ 33,647 $ 14,460 $ 49,564 $ 27,065 Weighted-average number of shares outstanding - basic 50,583 50,655 50,519 50,609 Basic net income attributable to Green Brick Partners, Inc. per share $ 0.67 $ 0.29 $ 0.98 $ 0.53 Weighted-average number of shares outstanding - basic 50,583 50,655 50,519 50,609 Dilutive effect of stock options and restricted stock awards 109 69 150 56 Weighted-average number of shares outstanding - diluted 50,692 50,724 50,669 50,665 Diluted net income attributable to Green Brick Partners, Inc. per share $ 0.66 $ 0.29 $ 0.98 $ 0.53
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Antidilutive options to purchase common stock and restricted stock awards 40 35 20 28

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Real Estate Inventory	A summary of inventory is as follows (in thousands): June 30, 2020 December 31, 2019 Homes completed or under construction $ 318,232 $ 314,966 Land and lots - developed and under development 426,551 437,553 Land held for sale 6,338 1,048 Total inventory $ 751,121 $ 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Interest capitalized at beginning of period $ 18,876 $ 16,526 $ 18,596 $ 14,780 Interest incurred 2,708 3,128 5,667 6,014 Interest charged to cost of revenues (2,793) (2,455) (5,472) (3,595) Interest capitalized at end of period $ 18,791 $ 17,199 $ 18,791 $ 17,199 Capitalized interest as a percentage of inventory 2.5 % 2.4 % 2.5 % 2.4 %

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	6 Months Ended
	Jun. 30, 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): June 30, 2020 December 31, 2019 Assets: Cash $ 15,917 $ 11,699 Accounts receivable 1,432 3,252 Bonds and notes receivable 7,342 5,864 Loans held for sale, at fair value 29,482 23,143 Inventory 83,718 73,704 Other assets 5,977 4,012 Total assets $ 143,868 $ 121,674 Liabilities: Accounts payable $ 5,814 $ 1,726 Accrued expenses and other liabilities 8,377 7,784 Notes payable 68,226 58,223 Total liabilities $ 82,417 $ 67,733 Owners’ equity: Green Brick $ 30,563 $ 25,910 Others 30,888 28,031 Total owners’ equity $ 61,451 $ 53,941 Total liabilities and owners’ equity $ 143,868 $ 121,674 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Revenues $ 52,948 $ 43,261 $ 88,313 $ 74,358 Costs and expenses 42,337 37,804 72,152 65,121 Net earnings of unconsolidated entities $ 10,611 $ 5,457 $ 16,161 $ 9,237 Company’s share in net earnings of unconsolidated entities 5,174 2,697 $ 7,739 $ 4,543

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2020 and December 31, 2019 consisted of the following (in thousands): June 30, 2020 December 31, 2019 Secured revolving credit facility $ 15,000 $ 38,000 Unsecured revolving credit facility 130,000 128,000 Debt issuance costs, net of amortization (1,125) (1,358) Total borrowings on lines of credit, net $ 143,875 $ 164,642

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Warranty Activity	Warranty activity during the three and six months ended June 30, 2020 and 2019 consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Warranty accrual, beginning of period $ 4,173 $ 2,627 $ 3,840 $ 2,980 Warranties issued 1,015 768 1,855 1,421 Changes in liability for existing warranties (52) 47 (139) (97) Settlements (285) (544) (705) (1,406) Warranty accrual, end of period $ 4,851 $ 2,898 $ 4,851 $ 2,898
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 June 30, 2020 are presented below (in thousands): Remainder of 2020 $ 647 2021 1,092 2022 816 2023 1,216 2024 86 Thereafter 153 Total future lease payments $ 4,010 Less: Interest 849 Present value of lease liabilities $ 3,161

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Revenues: (1) Builder operations Central $ 152,235 $ 79,168 $ 275,660 $ 163,593 Southeast 77,056 95,886 144,818 173,059 Total builder operations 229,291 175,054 420,478 336,652 Land development 3,542 8,452 25,622 15,482 Total revenues $ 232,833 $ 183,506 $ 446,100 $ 352,134 Gross profit: Builder operations Central $ 39,229 $ 17,903 $ 69,945 $ 36,020 Southeast 20,433 24,855 38,587 44,142 Total builder operations 59,662 42,758 108,532 80,162 Land development 593 2,119 6,775 3,902 Corporate, other and unallocated (2) (6,360) (4,596) (12,443) (8,417) Total gross profit $ 53,895 $ 40,281 $ 102,864 $ 75,647 Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Income before income taxes: Builder operations Central $ 25,137 $ 6,916 $ 37,005 $ 13,854 Southeast 12,259 14,962 21,063 24,114 Total builder operations 37,396 21,878 58,068 37,968 Land development 160 1,622 5,737 4,299 Corporate, other and unallocated (3) (1,371) (2,044) (4,864) (5,492) Income before income taxes $ 36,185 $ 21,456 $ 58,941 $ 36,775 June 30, 2020 December 31, 2019 Inventory: Builder operations Central $ 340,517 $ 251,677 Southeast 176,205 168,140 Total builder operations 516,722 419,817 Land development 207,517 308,071 Corporate, other and unallocated (4) 26,882 25,679 Total inventory $ 751,121 $ 753,567 Goodwill: (5) Builder operations - Southeast $ 680 $ 680 (1) The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the three and six months ended June 30, 2020 were $0.6 million and $0.6 million, respectively, compared to $0.0 million for the three and six months ended June 30, 2019. (2) 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. (3) Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries. (4) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development. (5) 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)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share-Based Awards Activity	A summary of share-based awards activity during the six months ended June 30, 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 250 $ 8.63 Vested (264) $ 8.10 Forfeited — $ — Nonvested, June 30, 2020 45 $ 12.33

Significant Accounting Polici_3

Significant Accounting Policies Leases, Adoption of ASC 842 (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating Lease, Liability	$ 3,161	$ 3,564
Operating Lease, Right-of-Use Asset	$ 3,073	$ 3,462

Business Combination (Narrative

Business Combination (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Assets acquired
Goodwill	$ 680	$ 680		$ 680
Liabilities assumed
Homebuilding revenues	232,833		$ 183,506	446,100	$ 352,134
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	36,185		21,456	58,941	36,775
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	686	1,500	1,021	1,242	1,665
Temporary Equity, Accretion to Redemption Value	1,892		1,720	863	2,840
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low	0			0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0		(197)	0	257
Payment for Contingent Consideration Liability, Operating Activities				(5,267)	(1,332)
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	12,485	$ 13,611	12,509	12,485	12,509	$ 11,412	$ 8,531	$ 10,295
Payments for Repurchase of Redeemable Noncontrolling Interest	$ (1,505)		$ (527)	$ (1,505)	$ (527)
GHO Homes [Member]
Liabilities assumed
Ownership percentage by noncontrolling owners	20.00%			20.00%

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income attributable to Green Brick Partners, Inc.	$ 33,647	$ 14,460	$ 49,564	$ 27,065
Weighted-average number of shares outstanding —basic (in shares)	50,583	50,655	50,519	50,609
Basic net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 0.67	$ 0.29	$ 0.98	$ 0.53
Dilutive effect of stock options and restricted stock awards (in shares)			150	56
Weighted-average number of shares outstanding —diluted (in shares)	50,692	50,724	50,669	50,665
Diluted net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 0.66	$ 0.29	$ 0.98	$ 0.53

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Antidilutive options to purchase common stock and restricted stock awards (in shares)	40	35	20	28

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished Homes and Homes under Construction	$ 318,232	$ 318,232		$ 314,966
Inventory, Real Estate, Land and Land Development Costs	426,551	426,551		437,553
Inventory, Land Held-for-sale	6,338	6,338		1,048
Total inventory	751,121	$ 751,121		$ 753,567
Document Period End Date		Jun. 30, 2020
Earnest Money Deposits and Pre-acquisition Costs Written-Off		$ 1,532	$ 503
Impairment of Real Estate	0	0
Inventory with potential indicators of impairment	$ 9,900	$ 9,900

Inventory (Capitalization of In

Inventory (Capitalization of Interest) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized at beginning of period	$ 18,876	$ 16,526	$ 18,596	$ 14,780
Interest incurred	2,708	3,128	5,667	6,014
Interest charged to cost of revenues	(2,793)	(2,455)	(5,472)	(3,595)
Interest capitalized at end of period	$ 18,791	$ 17,199	$ 18,791	$ 17,199
Document Period End Date			Jun. 30, 2020
Capitalized interest as a percentage of inventory	2.50%	2.40%	2.50%	2.40%

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018	Mar. 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 and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 151,851 $ 3,926 $ 79,168 $ 8,452 Southeast 76,816 240 95,886 — Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Type of Customer Homebuyers $ 228,667 $ — $ 175,054 $ — Homebuilders — 4,166 — 8,452 Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Product Type Residential units $ 228,667 $ — $ 175,054 $ — Land and lots — 4,166 — 8,452 Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Timing of Revenue Recognition Transferred at a point in time $ 226,785 $ 4,166 $ 172,490 $ 8,452 Transferred over time 1,882 — 2,564 — Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 275,276 $ 26,006 $ 163,593 $ 15,482 Southeast 144,578 240 173,049 10 Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 Type of Customer Homebuyers $ 419,854 $ — $ 336,642 $ — Homebuilders — 26,246 — 15,492 Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 Product Type Residential units $ 419,854 $ — $ 336,642 $ — Land and lots — 26,246 — 15,492 Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 Timing of Revenue Recognition Transferred at a point in time $ 416,033 $ 26,246 $ 331,723 $ 15,492 Transferred over time 3,821 — 4,919 — Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 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): June 30, 2020 December 31, 2019 Customer and builder deposits $ 20,893 $ 23,954 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Type of Customer Homebuyers $ 7,239 $ 7,180 $ 11,925 $ 9,840 Homebuilders 639 857 4,280 1,682 Total deposits recognized as revenue $ 7,878 $ 8,037 $ 16,205 $ 11,522
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 and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 151,851 $ 3,926 $ 79,168 $ 8,452 Southeast 76,816 240 95,886 — Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Type of Customer Homebuyers $ 228,667 $ — $ 175,054 $ — Homebuilders — 4,166 — 8,452 Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Product Type Residential units $ 228,667 $ — $ 175,054 $ — Land and lots — 4,166 — 8,452 Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Timing of Revenue Recognition Transferred at a point in time $ 226,785 $ 4,166 $ 172,490 $ 8,452 Transferred over time 1,882 — 2,564 — Total revenues $ 228,667 $ 4,166 $ 175,054 $ 8,452 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 275,276 $ 26,006 $ 163,593 $ 15,482 Southeast 144,578 240 173,049 10 Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 Type of Customer Homebuyers $ 419,854 $ — $ 336,642 $ — Homebuilders — 26,246 — 15,492 Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 Product Type Residential units $ 419,854 $ — $ 336,642 $ — Land and lots — 26,246 — 15,492 Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 Timing of Revenue Recognition Transferred at a point in time $ 416,033 $ 26,246 $ 331,723 $ 15,492 Transferred over time 3,821 — 4,919 — Total revenues $ 419,854 $ 26,246 $ 336,642 $ 15,492 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): June 30, 2020 December 31, 2019 Customer and builder deposits $ 20,893 $ 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 and six months ended June 30, 2020 and 2019 are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Type of Customer Homebuyers $ 7,239 $ 7,180 $ 11,925 $ 9,840 Homebuilders 639 857 4,280 1,682 Total deposits recognized as revenue $ 7,878 $ 8,037 $ 16,205 $ 11,522 Performance Obligations There was no revenue recognized during the six months ended June 30, 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 $34.0 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 $ 16,652 2021 15,348 2022 2,048 Total $ 34,048 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	$ 232,833,000	$ 183,506,000	$ 446,100,000	$ 352,134,000
Revenue recognized	7,878,000	8,037,000	16,205,000	11,522,000
Revenue recognized from performance obligations satisfied in prior periods			0
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	12,485,000	12,509,000	12,485,000	12,509,000	$ 13,611,000	$ 11,412,000	$ 8,531,000	$ 10,295,000
Contract with Customer, Liability	20,893,000		20,893,000		$ 23,954,000
Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	228,667,000	175,054,000	419,854,000	336,642,000
Residential Real Estate [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	226,785,000	172,490,000	416,033,000	331,723,000
Residential Real Estate [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,882,000	2,564,000	3,821,000	4,919,000
Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,166,000	8,452,000	26,246,000	15,492,000
Real Estate, Other [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	4,166,000	8,452,000	26,246,000	15,492,000
Homebuilders [Member] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Revenue recognized	639,000	857,000	4,280,000	1,682,000
Homebuilders [Member] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,166,000	8,452,000	26,246,000	15,492,000
Homebuyers [Member] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	228,667,000	175,054,000	419,854,000	336,642,000
Revenue recognized	7,239,000	7,180,000	11,925,000	9,840,000
Homebuyers [Member] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Central | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	151,851,000	79,168,000	275,276,000	163,593,000
Central | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,926,000	8,452,000	26,006,000	15,482,000
Southeast [Domain] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	76,816,000	95,886,000	144,578,000	173,049,000
Southeast [Domain] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	240,000	0	240,000	10,000
Land development
Disaggregation of Revenue [Line Items]
Total revenues	3,542,000	8,452,000	25,622,000	15,482,000
Land development | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Builder operations
Disaggregation of Revenue [Line Items]
Total revenues	229,291,000	175,054,000	420,478,000	336,652,000
Builder operations | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	600,000	0	600,000	0
Builder operations | Land and Lots [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Builder operations | Southeast [Domain]
Disaggregation of Revenue [Line Items]
Total revenues	$ 77,056,000	$ 95,886,000	$ 144,818,000	$ 173,059,000

Revenue Recognition (Transactio

Revenue Recognition (Transaction Price Allocated to Remaining Performance Obligations) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 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 $ 16,652 2021 15,348 2022 2,048 Total $ 34,048
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	$ 34,048
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 16,652
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 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	$ 15,348
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	$ 2,048
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	$ 5,174	$ 2,697	$ 7,739	$ 4,543
Assets	910,248		910,248			$ 875,539
Liabilities	313,818		313,818			325,533
Stockholders' Equity Attributable to Parent	575,759	493,470	575,759	493,470	$ 542,982	523,168	$ 480,869	$ 468,351
Stockholders' Equity Attributable to Noncontrolling Interest	8,186	5,173	8,186	5,173	10,900	13,227	4,788	17,281
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	583,945	498,643	583,945	498,643	553,882	536,395	485,657	485,632
Liabilities and Equity	910,248		910,248			875,539
Total revenues	232,833	183,506	446,100	352,134
Net income	34,837	16,124	51,553	27,615
Cash		34,383		34,383				38,315
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	8,186	5,173	8,186	5,173	10,900	13,227	4,788	17,281
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	583,945	498,643	583,945	498,643	553,882	536,395	485,657	485,632
Total revenues	232,833	183,506	446,100	352,134
Net income	34,837	16,124	51,553	27,615
Equity in income of unconsolidated entities	5,174	2,697	7,739	4,543
Assets	910,248		910,248			875,539
Cash		34,383		34,383				38,315
Liabilities	313,818		313,818			325,533
Stockholders' Equity Attributable to Parent	575,759	493,470	575,759	493,470	$ 542,982	523,168	$ 480,869	$ 468,351
Liabilities and Equity	910,248		910,248			875,539
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	5,174	2,697	7,739	4,543
Assets	143,868		143,868			121,674
Liabilities	82,417		82,417			67,733
Stockholders' Equity Attributable to Parent	30,563		30,563			25,910
Stockholders' Equity Attributable to Noncontrolling Interest	30,888		30,888			28,031
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	61,451		61,451			53,941
Liabilities and Equity	143,868		143,868			121,674
Total revenues	52,948	43,261	88,313	74,358
Net income	10,611	5,457	16,161	9,237
Cash	15,917		15,917			11,699
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	30,888		30,888			28,031
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	61,451		61,451			53,941
Total revenues	52,948	43,261	88,313	74,358
Net income	10,611	5,457	16,161	9,237
Equity in income of unconsolidated entities	5,174	2,697	7,739	4,543
Accounts and Other Receivables, Net, Current	1,432		1,432			3,252
Financing Receivable, after Allowance for Credit Loss	7,342		7,342			5,864
Financing Receivable, Held-for-Sale	29,482		29,482			23,143
Inventory, Net	83,718		83,718			73,704
Other Assets, Current	5,977		5,977			4,012
Accounts Payable, Current	5,814		5,814			1,726
Accrued Liabilities, Current	8,377		8,377			7,784
Notes Payable, Current	68,226		68,226			58,223
Costs and Expenses	42,337	$ 37,804	72,152	$ 65,121
Assets	143,868		143,868			121,674
Cash	15,917		15,917			11,699
Liabilities	82,417		82,417			67,733
Stockholders' Equity Attributable to Parent	30,563		30,563			25,910
Liabilities and Equity	$ 143,868		$ 143,868			$ 121,674

Investment in Unconsolidated _4

Investment in Unconsolidated Entities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Goodwill	$ 680		$ 680		$ 680
Investments in unconsolidated entities	35,130		35,130		$ 30,294
Equity in income of unconsolidated entity	$ 5,174	$ 2,697	$ 7,739	$ 4,543

Debt (Schedule of Lines of Cred

Debt (Schedule of Lines of Credit Outstanding) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Dec. 15, 2015	Jul. 30, 2015
Line of Credit Facility [Line Items]
Document Period End Date	Jun. 30, 2020
Long-term Line of Credit	$ 143,875,000	$ 164,642,000
Debt issuance costs, net of amortization	(1,125,000)	(1,358,000)
Letters of Credit Outstanding, Amount	9,000,000
Line of Credit Facility, Remaining Borrowing Capacity	26,100,000
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	15,000,000	38,000,000
Line of Credit Facility, Maximum Borrowing Capacity	35,000,000			$ 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	$ 130,000,000	$ 128,000,000

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Aug. 08, 2019	Jun. 30, 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		Jun. 30, 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		$ 1,125,000				$ 1,358,000
Borrowings on lines of credit		143,875,000				164,642,000
Line of Credit Facility, Remaining Borrowing Capacity		26,100,000
Senior Notes	$ 75,000,000	73,527,000				73,406,000
Letters of Credit Outstanding, Amount		9,000,000
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		2.67%
Unsecured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End		2.68%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 35,000,000						$ 50,000,000
Borrowings on lines of credit		$ 15,000,000				$ 38,000,000
Line of Credit Facility, Interest Rate at Period End		4.00%
Letters of Credit Outstanding, Amount		$ 8,900,000
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,348	$ 5,332	$ 7,388	$ 9,160
Effective tax rate	3.70%	24.90%	12.50%	24.90%
Income Tax Credits and Adjustments			$ 6,700

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis			The reconciliation of the beginning and ending balances for level 3 measurements is as follows (in thousands): Carrying Value Estimated Fair Value Contingent consideration liability, balance as of December 31, 2019 $ 5,267 $ 5,267 Payment of contingent consideration — — Payment of contingent consideration in excess of acquisition date fair value (5,267) (5,267) Change in fair value of contingent consideration — — Contingent consideration liability, balance as of June 30, 2020 $ — $ —
Contingent consideration	$ 0		$ 0		$ 5,267
Payment for Contingent Consideration Liability, Financing Activities			0	$ (514)
Payment for Contingent Consideration Liability, Operating Activities			(5,267)	(1,332)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0	$ 197	0	$ (257)
Debt Instrument, Fair Value Disclosure	$ 77,600		$ 77,600

Commitments and Contingencies_2

Commitments and Contingencies (Warranty activity) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 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	(52)	$ 47	(139)	$ (97)
Accrued Expenses
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	4,173	2,627	3,840	2,980
Warranties issued	1,015	768	1,855	1,421
Settlements	(285)	(544)	(705)	(1,406)
Warranty accrual, end of period	4,851	$ 2,898	4,851	$ 2,898
Performance Bonds
Product Warranty Liability [Line Items]
Amount of performance bonds outstanding	$ 9,300		$ 9,300		$ 5,400

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Annual Minimum Operating Lease Payments) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating Lease, Liability	$ 3,161		$ 3,564
Remainder of 2020	647
Operating Leases, Future Minimum Payments, Due in Two Years	816
Lessee, Operating Lease, Liability, Payments, Due Year Three	1,216
2021	86
Total future lease payments	4,010
Lessee, Operating Lease, Liability, to be Paid, Year One	1,092
Lessee, Operating Lease, Liability, to be Paid, after Year Five	153
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	849
Payment for Contingent Consideration Liability, Operating Activities	$ 5,267	$ 1,332

Commitments and Contingencies O

Commitments and Contingencies Operating Leases Disclosures - ASC 842 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Earnest Money Deposits and Pre-acquisition Costs Written-Off			$ 1,532	$ 503
Short-term Lease, Cost	$ 100	$ 100	200	200
Operating Lease, Expense	300	300	600	600
Operating Lease, Payments	$ 300	$ 300	$ 600	$ 600
Operating Lease, Weighted Average Remaining Lease Term	3 years 3 months 18 days		3 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.90%		4.90%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Entity Emerging Growth Company			false
Revenues:
Total revenues	$ 232,833	$ 183,506	$ 446,100	$ 352,134
Gross profit:
Gross Profit	53,895	40,281	102,864	75,647
Income before income taxes:
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	36,185	21,456	58,941	36,775
Inventory
Inventory	751,121		751,121		$ 753,567
Goodwill
Goodwill	680		680		680
Inventory	751,121		751,121		753,567
Builder operations
Revenues:
Total revenues	229,291	175,054	420,478	336,652
Gross profit:
Gross Profit	59,662	42,758	108,532	80,162
Income before income taxes:
Results of Operations, Income before Income Taxes	37,396	21,878	58,068	37,968
Goodwill
Inventory	516,722		516,722		419,817
Builder operations | Southeast [Domain]
Revenues:
Total revenues	77,056	95,886	144,818	173,059
Gross profit:
Gross Profit	20,433	24,855	38,587	44,142
Income before income taxes:
Results of Operations, Income before Income Taxes	12,259	14,962	21,063	24,114
Goodwill
Goodwill	700		700
Inventory	176,205		176,205		168,140
Builder operations | Central
Gross profit:
Gross Profit	39,229	17,903	69,945	36,020
Income before income taxes:
Results of Operations, Income before Income Taxes	25,137	6,916	37,005	13,854
Goodwill
Inventory	340,517		340,517		251,677
Builder operations | Central America
Revenues:
Total revenues	152,235	79,168	275,660	163,593
Land development
Revenues:
Total revenues	3,542	8,452	25,622	15,482
Gross profit:
Gross Profit	593	2,119	6,775	3,902
Income before income taxes:
Results of Operations, Income before Income Taxes	160	1,622	5,737	4,299
Goodwill
Inventory	207,517		207,517		308,071
Corporate and Other [Member]
Gross profit:
Gross Profit	(6,360)	(4,596)	(12,443)	(8,417)
Income before income taxes:
Results of Operations, Income before Income Taxes	(1,371)	(2,044)	(4,864)	(5,492)
Goodwill
Inventory	26,882		26,882		25,679
Southeast [Domain]
Goodwill
Goodwill	680		680		$ 680
Real Estate, Other [Member]
Revenues:
Total revenues	4,166	8,452	26,246	15,492
Real Estate, Other [Member] | Southeast [Domain]
Revenues:
Total revenues	240	0	240	10
Real Estate, Other [Member] | Central
Revenues:
Total revenues	3,926	8,452	26,006	15,482
Real Estate, Other [Member] | Builder operations
Revenues:
Total revenues	600	0	600	0
Residential Real Estate [Member]
Revenues:
Total revenues	228,667	175,054	419,854	336,642
Residential Real Estate [Member] | Southeast [Domain]
Revenues:
Total revenues	76,816	95,886	144,578	173,049
Residential Real Estate [Member] | Central
Revenues:
Total revenues	151,851	79,168	275,276	163,593
Residential Real Estate [Member] | Land development
Revenues:
Total revenues	$ 0	$ 0	$ 0	$ 0

Related Party Disclosures (Deta

Related Party Disclosures (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Related Party Transaction [Line Items]
Contributions of LLC Members	$ 0	$ 400,000	$ 0
Centre Living
Related Party Transactions [Abstract]
Ownership percentage by noncontrolling owners	10.00%	10.00%
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	10.00%	10.00%
Ownership percentage by parent	90.00%	90.00%
Office Space Lease Agreements
Related Party Transactions [Abstract]
Amounts due to affiliates	$ 0	$ 0
Related Party Transaction [Line Items]
Amounts due to affiliates	0	0
GHO Homes [Member]
Related Party Transactions [Abstract]
Amounts due to affiliates	0	0
Related Party Transaction [Line Items]
Amounts due to affiliates	$ 0	$ 0

Compensation Related Costs, S_3

Compensation Related Costs, Share Based Payments (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 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	$ 12.33		$ 9.05
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	45,000		59,000
Granted (in dollars per share)	$ 8.63
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	75,708	59,116
Share-based compensation expense	$ 1,819	$ 1,827
Share-based Payment Arrangement, Expense, Tax Benefit	400	400
Compensation cost not yet recognized	$ 500
Period for recognition	1 year
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	264,000
Vested (in dollars per share)	$ 8.10
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	250,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 592	545
Document Period End Date	Jun. 30, 2020
Percentage of awards vested and forfeitable at time of grant	100.00%
Document Period End Date	Jun. 30, 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