Real Estate Entities and Investments in Affiliates (Tables)

3 Months Ended

Mar. 31, 2012

Real Estate Entities and Investments in Affiliates [Abstract]

Schedule of Consolidated Real Estate Entities [Table Text Block]

The carrying amounts and classification of assets and liabilities of real estate entities we are required to consolidate are included in our condensed consolidated balance sheets as follows:

(in thousands)	March 31, 2012		December 31, 2011		March 31, 2011
Real estate held for development and sale	$	58,363	$	67,037	$	77,128
Other current assets	2,063		4,715		3,521
Total current assets	60,426		71,752		80,649
Property and equipment, net	—		—		3,283
Other noncurrent assets	—		—		1,043
Total assets	$	60,426	$	71,752	$	84,975
Current maturities of non-recourse debt	$	19,765	$	22,571	$	17,240
Other current liabilities	607		1,794		2,171
Total current liabilities	20,372		24,365		19,411
Long-term non-recourse debt	1,371		9,912		30,454
Other noncurrent liabilities	—		74		309
Total liabilities	$	21,743	$	34,351	$	50,174

Schedule of Real Estate Inventory Held For Sale [Table Text Block]

The breakdown by type and location of our real estate held for development and sale is summarized below:

	March 31, 2012			December 31, 2011			March 31, 2011
(dollars in thousands)	Amount		Number of Projects	Amount		Number of Projects	Amount		Number of Projects
Residential	$	47,430	3	$	54,610	4	$	55,972	5
Commercial	10,933		4	12,427		5	21,156		6
Total	$	58,363	7	$	67,037	9	$	77,128	11
Washington	$	46,992	2	$	47,600	2	$	45,586	2
California	2,512		4	4,006		5	14,355		7
Texas	8,859		1	8,859		1	8,859		1
Oregon	—		—	6,572		1	8,328		1
Total	$	58,363	7	$	67,037	9	$	77,128	11

Schedule of Equity and Cost Method Investments [Table Text Block]

Our investments in affiliates balance consists of the following:

(in thousands)	March 31, 2012		December 31, 2011		March 31, 2011
Equity method investments in real estate affiliates	$	16,725	$	16,478	$	12,147
Equity method investments in other affiliates	11,495		11,841		10,346
Total equity method investments	28,220		28,319		22,493
Cost method investments	2,752		2,752		6,400
Total investments in affiliates	$	30,972	$	31,071	$	28,893

Breakdown of Equity Method in Real Estate Affiliates by Type and Location [Table Text Block]

The breakdown by type and location of our interests in real estate affiliates accounted for under the equity method is summarized below:

	March 31, 2012			December 31, 2011			March 31, 2011
(dollars in thousands)	Amount		Number of Projects	Amount		Number of Projects	Amount		Number of Projects
Residential	$	11,977	2	$	11,903	2	$	8,989	2
Commercial	4,748		3	4,575		3	3,158		3
Total	$	16,725	5	$	16,478	5	$	12,147	5
Texas	$	16,725	5	$	16,478	5	$	12,147	5
Total	$	16,725	5	$	16,478	5	$	12,147	5

Equity Method Investment Summarized Balance Sheet Location [Table Text Block]

The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a 100% combined basis:

(in thousands)	March 31, 2012		December 31, 2011		March 31, 2011
Total assets	$	160,588	$	157,771	$	153,652
Net assets	88,138		82,511		80,546
Granite’s share of net assets	28,220		28,319		22,493