CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Current Assets
Cash and cash equivalents ($46,993, $46,210 and $52,884 related to consolidated construction joint ventures (“CCJVs”))	$ 198,298	$ 252,836	$ 239,403
Short-term marketable securities	43,001	25,043	19,282
Receivables, net ($51,431, $45,734 and $39,711 related to CCJVs)	307,483	340,822	271,328
Costs and estimated earnings in excess of billings	76,972	59,070	56,907
Inventories	59,444	55,553	64,636
Equity in construction joint ventures	240,480	224,689	197,570
Other current assets ($5,185, $4,863 and $2,510 related to CCJVs)	37,100	26,985	38,102
Total current assets	962,778	984,998	887,228
Property and equipment, net ($12,925, $5,378 and $9,729 related to CCJVs)	398,750	385,129	399,910
Long-term marketable securities	72,653	80,652	80,522
Investments in affiliates	34,619	33,182	32,031
Goodwill	53,799	53,799	53,799
Deferred Tax Assets, Net	5,119	4,329	32,616
Other noncurrent assets	84,512	84,789	76,237
Total assets	1,612,230	1,626,878	1,562,343
Current liabilities
Current maturities of long-term debt	14,795	14,800	22
Accounts payable ($16,309, $11,909 and $14,960 related to CCJVs)	139,215	157,571	121,013
Billings in excess of costs and estimated earnings ($23,538, $15,768 and $29,963 related to CCJVs)	89,188	92,515	95,328
Accrued expenses and other current liabilities ($1,442, $1,171 and $1,530 related to CCJVs)	226,276	200,935	231,690
Total current liabilities	469,474	465,821	448,053
Long-term debt	243,099	244,323	269,535
Other long-term liabilities	$ 43,913	$ 46,613	$ 42,058
Commitments and contingencies
Equity
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding	$ 0	$ 0	$ 0
Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding 39,563,620 shares as of March 31, 2016, 39,412,877 shares as of December 31, 2015 and 39,342,647 shares as of March 31, 2015	396	394	393
Additional paid-in capital	145,663	140,912	134,894
Accumulated other comprehensive loss	(1,569)	(1,500)	(932)
Retained earnings	683,037	699,431	645,931
Total Granite Construction Incorporated shareholders’ equity	827,527	839,237	780,286
Non-controlling interests	28,217	30,884	22,411
Total equity	855,744	870,121	802,697
Total liabilities and equity	$ 1,612,230	$ 1,626,878	$ 1,562,343