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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue        
Construction $ 260,600 $ 237,943 $ 353,292 $ 319,129
Large project construction 162,338 153,328 300,158 259,653
Construction materials 58,114 61,089 81,912 87,253
Real estate 3,622 1,844 6,043 8,852
Total revenue 484,674 454,204 741,405 674,887
Cost of revenue        
Construction 237,211 215,042 324,350 294,382
Large project construction 149,680 131,493 256,202 228,335
Construction materials 49,644 56,609 80,712 89,898
Real estate 3,183 1,362 5,197 6,860
Total cost of revenue 439,718 404,506 666,461 619,475
Gross profit 44,956 49,698 74,944 55,412
Selling, general and administrative expenses 38,793 51,357 82,165 106,649
Gain on sales of property and equipment 3,270 3,800 5,974 8,252
Operating income (loss) 9,433 2,141 (1,247) (42,985)
Other expense        
Interest income 575 1,098 1,819 2,037
Interest expense (879) (3,013) (4,235) (6,747)
Equity in loss of affiliates (181) (387) (438) (706)
Other (expense) income, net (688) 1,934 (118) 4,831
Total other expense (1,173) (368) (2,972) (585)
Income (loss) before provisin for (benefit from) income taxes 8,260 1,773 (4,219) (43,570)
Provision for (benefit from) income taxes 2,087 4,406 (3,136) (3,207)
Net income (loss) 6,173 (2,633) (1,083) (40,363)
Amount attributable to noncontrolling interests (1,227) (4,058) (2,978) (7,282)
Net income (loss) attributable to Granite Construction Incorporated $ 4,946 $ (6,691) $ (4,061) $ (47,645)
Net income (loss) per share attributable to common shareholders (see Note 14)        
Basic $ 0.13 $ (0.18) $ (0.11) $ (1.26)
Diluted $ 0.13 $ (0.18) $ (0.11) $ (1.26)
Weighted average shares of common stock        
Basic 38,140 37,850 38,052 37,770
Diluted 38,479 37,850 38,052 37,770
Dividends per common share $ 0.13 $ 0.13 $ 0.26 $ 0.26