Real Estate Entities and Investments in Affiliates (Tables)

6 Months Ended

Jun. 30, 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)	June 30, 2012		December 31, 2011		June 30, 2011
Real estate held for development and sale	$	57,367	$	67,037	$	78,725
Other current assets	2,124		4,715		3,011
Total current assets	59,491		71,752		81,736
Property and equipment, net	—		—		203
Total assets	$	59,491	$	71,752	$	81,939
Current maturities of non-recourse debt	$	16,328	$	22,571	$	15,954
Other current liabilities	368		1,794		2,045
Total current liabilities	16,696		24,365		17,999
Long-term non-recourse debt	4,641		9,912		28,907
Other noncurrent liabilities	—		74		313
Total liabilities	$	21,337	$	34,351	$	47,219

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:

	June 30, 2012			December 31, 2011			June 30, 2011
(dollars in thousands)	Amount		Number of Projects	Amount		Number of Projects	Amount		Number of Projects
Residential	$	47,986	3	$	54,610	4	$	55,433	5
Commercial	9,381		4	12,427		5	23,292		7
Total	$	57,367	7	$	67,037	9	$	78,725	12
Washington	$	47,547	2	$	47,600	2	$	46,184	2
California	2,587		4	4,006		5	16,335		8
Texas	7,233		1	8,859		1	8,859		1
Oregon	—		—	6,572		1	7,347		1
Total	$	57,367	7	$	67,037	9	$	78,725	12

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

Our investments in affiliates balance consists of the following:

(in thousands)	June 30, 2012		December 31, 2011		June 30, 2011
Equity method investments in real estate affiliates	$	17,563	$	16,478	$	15,865
Equity method investments in other affiliates	10,958		11,841		10,617
Total equity method investments	28,521		28,319		26,482
Cost method investments	—		2,752		6,450
Total investments in affiliates	$	28,521	$	31,071	$	32,932

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:

	June 30, 2012			December 31, 2011			June 30, 2011
(dollars in thousands)	Amount		Number of Projects	Amount		Number of Projects	Amount		Number of Projects
Residential	$	12,217	2	$	11,903	2	$	11,391	2
Commercial	5,346		3	4,575		3	4,474		3
Total	$	17,563	5	$	16,478	5	$	15,865	5
Texas	$	17,563	5	$	16,478	5	$	15,865	5
Total	$	17,563	5	$	16,478	5	$	15,865	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)	June 30, 2012		December 31, 2011		June 30, 2011
Total assets	$	158,431	$	157,771	$	152,358
Net assets	87,197		82,511		79,666
Granite’s share of net assets	28,521		28,319		26,482