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Equity and Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2011
Stockholders' Equity Note [Abstract] 
Schedule of Stockholders Equity
The following tables summarize our equity activity for the periods presented:
(in thousands)
 
Granite Construction Incorporated
 
Noncontrolling Interests
 
Total Equity
Balance at December 31, 2010
 
$
761,031

 
$
34,604

 
$
795,635

Purchase of common stock1
 
(3,840
)
 
—

 
(3,840
)
Other transactions with shareholders3
 
7,589

 
—

 
7,589

Transactions with noncontrolling interests, net4
 
—

 
(17,489
)
 
(17,489
)
Comprehensive income:
 
 

 
 

 
 

Net income
 
32,407

 
8,886

 
41,293

Total comprehensive income
 
32,407

 
8,886

 
41,293

Dividends on common stock
 
(15,078
)
 
—

 
(15,078
)
Balance at September 30, 2011
 
$
782,109

 
$
26,001

 
$
808,110

 
(in thousands)
 
 
 
 
 
 
Balance at December 31, 2009
 
$
830,651

 
$
51,905

 
$
882,556

Purchase of common stock2
 
(3,374
)
 
—

 
(3,374
)
Other transactions with shareholders3
 
10,266

 
—

 
10,266

Transactions with noncontrolling interests, net4
 
—

 
(20,599
)
 
(20,599
)
Comprehensive (loss) income:
 
 

 
 

 
 

Net (loss) income
 
(8,964
)
 
11,902

 
2,938

Total comprehensive (loss) income
 
(8,964
)
 
11,902

 
2,938

Dividends on common stock
 
(15,127
)
 
—

 
(15,127
)
Balance at September 30, 2010
 
$
813,452

 
$
43,208

 
$
856,660

1Represents 138,000 shares purchased in connection with employee tax withholding for shares/units granted under our Amended and Restated 1999 Equity Incentive Plan.
2Represents 122,000 shares purchased in connection with employee tax withholding for shares granted under our Amended and Restated 1999 Equity Incentive Plan.
3Amounts are comprised primarily of amortized restricted stock and units.
4Amounts are comprised primarily of distributions to noncontrolling partner