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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue        
Construction $ 427,018 $ 447,097 $ 921,143 $ 873,357
Large Project Construction 217,084 179,446 590,282 611,110
Construction Materials 107,274 93,221 229,442 201,014
Total revenue 751,376 719,764 1,740,867 1,685,481
Cost of revenue        
Construction 362,720 398,295 795,108 790,584
Large Project Construction 194,512 173,767 535,166 538,846
Construction Materials 93,246 81,010 203,818 185,536
Total cost of revenue 650,478 653,072 1,534,092 1,514,966
Gross profit 100,898 66,692 206,775 170,515
Selling, general and administrative expenses 50,077 47,386 151,374 147,731
Gain on sales of property and equipment (804) (3,004) (2,090) (6,891)
Operating income 51,625 22,310 57,491 29,675
Other (income) expense        
Interest income (591) (451) (1,561) (1,343)
Interest expense 3,485 2,488 10,966 10,426
Equity in income of affiliates (1,155) (1,109) (1,762) (2,310)
Other expense (income), net 27 1,196 (1,409) (450)
Total other expense 1,766 2,124 6,234 6,323
Income before provision for income taxes 49,859 20,186 51,257 23,352
Provision for income taxes 17,679 6,081 18,148 8,301
Net income 32,180 14,105 33,109 15,051
Amount attributable to non-controlling interests (1,421) 1,177 (1,297) (6,681)
Net income attributable to Granite Construction Incorporated $ 30,759 $ 15,282 $ 31,812 $ 8,370
Net income per share attributable to common shareholders (see Note 12)        
Basic (in dollars per share) $ 0.78 $ 0.39 $ 0.81 $ 0.21
Diluted (in dollars per share) $ 0.77 $ 0.38 $ 0.80 $ 0.21
Weighted average shares of common stock        
Weighted average common shares outstanding, basic 39,378 39,150 39,317 39,073
Weighted average common shares outstanding, diluted 39,897 39,813 39,863 39,790
Dividends per common share (in US$ per share) $ 0.13 $ 0.13 $ 0.39 $ 0.39