Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2015

Investments in and Advances to Affiliates, Balance [Abstract]

Investments in Affiliates

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

December 31,	2015		2014
Equity method investments in real estate affiliates	$	24,103	$	22,623
Equity method investments in other affiliates	9,079		9,738
Total investments in affiliates	$	33,182	$	32,361

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,	2015		2014
Current assets	$	26,790	$	28,891
Long-term assets	148,687		141,283
Total assets	175,477		170,174
Current liabilities	25,840		5,827
Long-term liabilities1	45,267		66,708
Total Liabilities	71,107		72,535
Net assets	$	104,370	$	97,639
Granite’s share of net assets	$	33,182	$	32,361

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,	2015		2014		2013
Revenue	$	47,457	$	46,597	$	42,563
Gross profit	19,117		10,315		3,487
Income (loss) before taxes	8,446		3,647		(686		)
Net income (loss)	8,446		3,647		(686		)
Granite’s interest in affiliates’ net income	3,210		901		1,304