Real Estate Entities and Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2013

Real Estate Entities and Investments in Affiliates [Abstract]

Investments in Affiliates

Our investments in affiliates balance consists of the following (in thousands):

December 31,	2013		2012
Equity method investments in real estate affiliates	$	21,392	$	19,775
Equity method investments in other affiliates	11,088		11,024
Total investments in affiliates	$	32,480	$	30,799

Equity Method Investment Summarized Balance Sheet Information

The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis (in thousands):

December 31,	2013		2012
Current assets	$	25,807	$	85,354
Long-term assets	148,181		80,758
Total assets	173,988		166,112
Current liabilities	6,000		8,262
Long-term liabilities	68,544		65,744
Total Liabilities	74,544		74,006
Net assets	$	99,444	$	92,106
Granite’s share of net assets	$	32,480	$	30,799

Equity Method Investment Summarized Income Statement Information

The following table provides summarized statement of operations information for our affiliates accounted for under the equity method on a combined basis (in thousands):

Years Ended December 31,	2013			2012		2011
Revenue	$	42,563		$	52,342	$	48,983
Gross profit	3,487			13,254		10,654
Income (loss) before taxes	(686		)	1,318		(399		)
Net (loss) income	(686		)	1,318		(399		)
Granite’s interest in affiliates’ net income	1,304			1,988		2,193