Equity

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Equity

Equity

The following tables summarize our equity activity for the periods presented (in thousands):

	Granite Construction Incorporated			Non-controlling Interests			Total Equity
Balance at December 31, 2015	$	839,237		$	30,884		$	870,121
Purchases of common stock1	(4,845		)	—			(4,845		)
Other transactions with shareholders and employees2	9,439			—			9,439
Transactions with non-controlling interests, net	—			(3,355		)	(3,355		)
Net income	2,942			5,005			7,947
Dividends on common stock	(10,292		)	—			(10,292		)
Balance at June 30, 2016	$	836,481		$	32,534		$	869,015

Balance at December 31, 2014	$	794,385		$	22,721		$	817,106
Purchases of common stock3	(3,332		)	—			(3,332		)
Other transactions with shareholders and employees2	5,092			—			5,092
Transactions with non-controlling interests, net	—			(1,282		)	(1,282		)
Net income (loss)	1,053			(124		)	929
Dividends on common stock	(10,233		)	—			(10,233		)
Balance at June 30, 2015	$	786,965		$	21,315		$	808,280

¹Represents 109,000 shares purchased in connection with employee tax withholding for restricted stock units vested under our 2012 Equity Incentive Plan.

²Amounts are comprised primarily of amortized restricted stock units.

³Represents 102,000 shares purchased in connection with employee tax withholding for restricted stock units vested under our 2012 Equity Incentive Plan.