XML 31 R49.htm IDEA: XBRL DOCUMENT v2.4.0.8
Construction and Line Item Joint Ventures - Consolidated Construction Joint Ventures (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Construction Joint Venture [Line Items]            
Cash and cash equivalents $ 212,463,000 $ 287,322,000 $ 212,463,000 $ 287,322,000 $ 321,990,000 $ 256,990,000
Other current assets 33,204,000 13,974,000 33,204,000 13,974,000 31,834,000  
Total current assets 1,041,672,000 1,019,908,000 1,041,672,000 1,019,908,000 1,022,057,000  
Property and equipment, net 456,524,000 432,293,000 456,524,000 432,293,000 481,478,000  
Other noncurrent assets 78,655,000 68,475,000 78,655,000 68,475,000 84,392,000  
Total assets 1,726,002,000 1,598,635,000 1,726,002,000 1,598,635,000 1,729,487,000  
Accounts payable 199,480,000 209,683,000 199,480,000 209,683,000 202,541,000  
Billings in excess of costs and estimated earnings 144,706,000 91,348,000 144,706,000 91,348,000 139,692,000  
Accrued expenses and other current liabilities 219,169,000 167,166,000 219,169,000 167,166,000 169,979,000  
Total current liabilities 565,522,000 493,261,000 565,522,000 493,261,000 531,272,000  
Construction 470,567,000 385,744,000 956,287,000 748,803,000    
Net Cash Provided by (Used in) Operating Activities     (64,515,000) 20,163,000    
Line Item Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Number of Active Joint Venture Projects 5   5      
Partnership Interest [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Revenue Remaining to be Recognized on Unconsolidated Construction Joint Ventures 5,000,000,000   5,000,000,000      
Joint Venture Consolidated [Member] | Consolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Cash and cash equivalents 57,133,000 [1] 74,020,000 [1] 57,133,000 [1] 74,020,000 [1] 105,865,000 [1]  
Receivables, Net, Current 47,696,000 31,028,000 47,696,000 31,028,000 43,902,000  
Other current assets 3,815,000 1,351,000 3,815,000 1,351,000 4,008,000  
Total current assets 108,644,000 106,399,000 108,644,000 106,399,000 153,775,000  
Property and equipment, net 28,194,000 6,661,000 28,194,000 6,661,000 41,114,000  
Other noncurrent assets 0 0 0 0 1,700,000  
Total assets 136,838,000 [2] 113,060,000 [2] 136,838,000 [2] 113,060,000 [2] 196,589,000 [2]  
Accounts payable 20,075,000 30,975,000 20,075,000 30,975,000 34,536,000  
Billings in excess of costs and estimated earnings 70,518,000 [1] 13,955,000 [1] 70,518,000 [1] 13,955,000 [1] 72,490,000 [1]  
Accrued expenses and other current liabilities 12,804,000 3,495,000 12,804,000 3,495,000 8,312,000  
Total liabilities 103,397,000 [2] 48,425,000 [2] 103,397,000 [2] 48,425,000 [2] 115,338,000 [2]  
Number of Active Joint Venture Projects 4   4      
Joint Venture Unconsolidated [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Number of Active Joint Venture Projects 11   11      
Reporting Entitys Interest in Joint Venture [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Revenue Remaining to be Recognized on Unconsolidated Construction Joint Ventures 1,400,000,000   1,400,000,000      
Other Partners Interest in Partnerships [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Revenue Remaining to be Recognized on Unconsolidated Construction Joint Ventures 3,600,000,000   3,600,000,000      
Minimum [Member] | Joint Venture Consolidated [Member] | Consolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value 400,000   400,000      
Revenue Remaining to be Recognized on Consolidated Construction Joint Ventures 300,000   300,000      
Proportionate Share of the Consolidated Joint Ventures Equity Owned by or Beneficial Interest in the Reporting Entity Directly or Indirectly 51.00%   51.00%      
Construction 42,400,000 77,400,000 131,100,000 174,000,000    
Net Cash Provided by (Used in) Operating Activities     (10,400,000) 16,100,000    
Minimum [Member] | Joint Venture Unconsolidated [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value 40,000,000   40,000,000      
Proportionate Share of the Consolidated Joint Ventures Equity Owned by or Beneficial Interest in the Reporting Entity Directly or Indirectly 20.00%   20.00%      
Minimum [Member] | Joint Venture Unconsolidated [Member] | Line Item Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value 42,200,000   42,200,000      
Minimum [Member] | Reporting Entitys Interest in Joint Venture [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Revenue Remaining to be Recognized on Unconsolidated Construction Joint Ventures 200,000   200,000      
Minimum [Member] | Reporting Entitys Interest in Joint Venture [Member] | Line Item Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value 23,000,000   23,000,000      
Maximum [Member] | Joint Venture Consolidated [Member] | Consolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value 336,900,000   336,900,000      
Revenue Remaining to be Recognized on Consolidated Construction Joint Ventures 111,000,000   111,000,000      
Proportionate Share of the Consolidated Joint Ventures Equity Owned by or Beneficial Interest in the Reporting Entity Directly or Indirectly 65.00%   65.00%      
Maximum [Member] | Joint Venture Unconsolidated [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value 3,100,000,000   3,100,000,000      
Proportionate Share of the Consolidated Joint Ventures Equity Owned by or Beneficial Interest in the Reporting Entity Directly or Indirectly 50.00%   50.00%      
Maximum [Member] | Joint Venture Unconsolidated [Member] | Line Item Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value 138,600,000   138,600,000      
Maximum [Member] | Reporting Entitys Interest in Joint Venture [Member] | Unconsolidated Construction Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Revenue Remaining to be Recognized on Unconsolidated Construction Joint Ventures 691,000,000   691,000,000      
Maximum [Member] | Reporting Entitys Interest in Joint Venture [Member] | Line Item Joint Venture [Member]
           
Construction Joint Venture [Line Items]            
Construction Contract Value $ 60,800,000   $ 60,800,000      
[1] The volume and stage of completion of contracts from our consolidated construction joint ventures may cause fluctuations in cash and cash equivalents, as well as billings in excess of costs and estimated earnings between periods.
[2] The assets and liabilities of each joint venture relate solely to that joint venture. The decision to distribute joint venture cash and cash equivalents and assets must generally be made jointly by all of the partners and, accordingly, these cash and cash equivalents and assets generally are not available for the working capital needs of Granite until distributed.