Construction and Line Item Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2014

Construction and Line Item Joint Ventures [Abstract]

Schedule of Consolidated Joint Ventures [Table Text Block]

The carrying amounts and classification of assets and liabilities of construction joint ventures we are required to consolidate are included in our condensed consolidated balance sheets as follows:



(in thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Cash and cash equivalents¹	$	27,612	$	38,800	$	98,738
Receivables, net	39,014		38,372		47,040
Other current assets	4,624		4,778		3,867
Total current assets	71,250		81,950		149,645
Property and equipment, net	19,801		22,216		39,486
Total assets²	$	91,051	$	104,166	$	189,131

Accounts payable	$	22,136	$	16,937	$	26,354
Billings in excess of costs and estimated earnings¹	43,087		60,185		71,821
Accrued expenses and other current liabilities	7,074		11,299		8,983
Total liabilities²	$	72,297	$	88,421	$	107,158

¹The 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.

²The 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.

Schedule of Unconsolidated Joint Ventures [Table Text Block]

Following is summary financial information related to unconsolidated construction joint ventures:



(in thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Assets:
Cash and cash equivalents¹	$	240,486	$	385,094	$	401,746
Other assets	581,842		523,827		333,554
Less partners’ interest	542,114		612,530		466,690
Granite’s interest	280,214		296,391		268,610
Liabilities:
Accounts payable	131,441		155,985		103,050
Billings in excess of costs and estimated earnings¹	189,979		245,341		226,269
Other liabilities	69,745		104,152		6,961
Less partners’ interest	278,996		371,760		238,935
Granite’s interest	112,169		133,718		97,345
Equity in construction joint ventures	$	168,045	$	162,673	$	171,265

¹The volume and stage of completion of contracts from our unconsolidated construction joint ventures may cause fluctuations in cash and cash equivalents as well as billings in excess of costs and estimated earnings between periods. 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.



	Three Months Ended March 31,
(in thousands)	2014		2013
Revenue:
Total	$	349,167	$	225,304
Less partners’ interest¹	259,857		153,704
Granite’s interest	89,310		71,600
Cost of revenue:
Total	297,461		158,695
Less partners’ interest¹	210,906		104,333
Granite’s interest	86,555		54,362
Granite’s interest in gross profit	$	2,755	$	17,238

¹Partners’ interest represents amounts to reconcile total revenue and total cost of revenue as reported by our partners to Granite’s interest adjusted to reflect our accounting policies.