Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Financial Data

The following table sets forth selected unaudited financial information for the eight quarters in the two-year period ended December 31, 2011. This information has been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, contains all adjustments necessary for a fair statement thereof.

QUARTERLY FINANCIAL DATA
(unaudited - in thousands, except per share data)
2011 Quarters Ended	December 31,			September 30,			June 30,			March 31,
Revenue	$	539,548		$	728,578		$	484,674		$	256,731
Gross profit	79,126			93,893			44,956			29,988
As a percent of revenue	14.7		%	12.9		%	9.3		%	11.7		%
Net income (loss)	$	24,792		$	42,376		$	6,173		$	(7,256	)
As a percent of revenue	4.6		%	5.8		%	1.3		%	-2.8		%
Net income (loss) attributable to Granite	$	18,754		$	36,468		$	4,946		$	(9,007	)
As a percent of revenue	3.5		%	5.0		%	1.0		%	-3.5		%
Net income (loss) per share attributable to common shareholders:
Basic	$	0.48		$	0.94		$	0.13		$	(0.24	)
Diluted	$	0.48		$	0.93		$	0.13		$	(0.24	)

2010 Quarters Ended	December 31,			September 30,			June 30,			March 31,
Revenue	$	417,228		$	670,850		$	454,204		$	220,683
Gross profit	46,217			76,155			49,698			5,714
As a percent of revenue	11.1		%	11.4		%	10.9		%	2.6		%
Net (loss) income	$	(65,386	)	$	43,301		$	(2,633	)	$	(37,730	)
As a percent of revenue	-15.7		%	6.5		%	-0.6		%	-17.1		%
Net (loss) income attributable to Granite	$	(50,019	)	$	38,681		$	(6,691	)	$	(40,954	)
As a percent of revenue	-12.0		%	5.8		%	-1.5		%	-18.6		%
Net (loss) income per share attributable to common shareholders:
Basic	$	(1.32	)	$	1.00		$	(0.18	)	$	(1.09	)
Diluted	$	(1.32	)	$	0.99		$	(0.18	)	$	(1.09	)

During the quarter ended December 31, 2010, we recorded restructuring charges of approximately $107.3 million. The restructuring charge in 2010 related to our Enterprise Improvement Plan. Net income (loss) per share calculations are based on the weighted average common shares outstanding for each period presented. Accordingly, the sum of the quarterly net income (loss) per share amounts may not equal the per share amount reported for the year.