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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue    
Construction$ 431,101$ 409,989$ 784,393$ 729,118
Large project construction213,320169,972513,478429,625
Construction materials83,17188,128165,083175,381
Real estate9862,7617,02911,613
Total revenue728,578670,8501,469,9831,345,737
Cost of revenue    
Construction372,561365,323696,911659,705
Large project construction187,763151,656443,965379,991
Construction materials73,61775,991154,329165,889
Real estate7441,7255,9418,585
Total cost of revenue634,685594,6951,301,1461,214,170
Gross profit93,89376,155168,837131,567
Selling, general and administrative expenses39,11247,160121,277153,809
Gain on sales of property and equipment5,5983,16511,57211,417
Operating income (loss)60,37932,16059,132(10,825)
Other expense    
Interest income4762,1102,2954,147
Interest expense(3,418)(547)(7,653)(7,294)
Equity in loss of affiliates1,8815291,443(177)
Other (expense) income, net(1,833)1,023(1,951)5,854
Total other expense(2,894)3,115(5,866)2,530
Income (loss) before provisin for (benefit from) income taxes57,48535,27553,266(8,295)
Provision for (benefit from) income taxes15,109(8,026)11,973(11,233)
Net income42,37643,30141,2932,938
Amount attributable to noncontrolling interests(5,908)(4,620)(8,886)(11,902)
Net income (loss) attributable to Granite Construction Incorporated$ 36,468$ 38,681$ 32,407$ (8,964)
Net income (loss) per share attributable to common shareholders (see Note 14)    
Basic$ 0.94$ 1$ 0.84$ (0.24)
Diluted$ 0.93$ 0.99$ 0.83$ (0.24)
Weighted average shares of common stock    
Basic38,17237,86538,09237,802
Diluted38,59838,07138,42837,802
Dividends per common share$ 0.13$ 0.13$ 0.39$ 0.39