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Construction and Line Item Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2016
Construction and Line Item Joint Ventures [Abstract]  
Schedule of Unconsolidated Joint Ventures Assets and Liabilities [Table Text Block]
The following is summary financial information related to unconsolidated construction joint ventures:
(in thousands)
 
June 30,
2016
 
December 31,
2015
 
June 30,
2015
Assets:
 
 
 
 
 
 
Cash and cash equivalents
 
$
435,098

 
$
439,871

 
$
336,581

Other assets2
 
896,642

 
859,749

 
816,262

Less partners’ interest
 
894,017

 
881,183

 
771,875

Granite’s interest
 
437,723

 
418,437

 
380,968

Liabilities:
 
 
 
 
 
 
Accounts payable
 
254,954

 
218,790

 
216,663

Billings in excess of costs and estimated earnings2
 
277,900

 
341,609

 
276,982

Other liabilities
 
101,942

 
89,901

 
64,581

Less partners’ interest
 
434,371

 
447,926

 
385,506

Granite’s interest
 
200,425

 
202,374

 
172,720

Equity in construction joint ventures1
 
$
237,298

 
$
216,063

 
$
208,248


1As of June 30, 2016, December 31, 2015 and June 30, 2015 this balance included $8.2 million, $8.6 million and $0.8 million, respectively, of deficit in construction joint ventures that is included in accrued expenses and other current liabilities on the condensed consolidated balance sheets.
Schedule of Unconsolidated Joint Ventures Revenue and Costs [Table Text Block]
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
Revenue:
 
 
 
 
 
 
 
Total
$
682,002

 
$
466,144

 
$
970,046

 
$
909,551

Less partners’ interest and adjustments1
552,986

 
327,980

 
694,771

 
636,100

Granite’s interest
129,016

 
138,164

 
275,275

 
273,451

Cost of revenue:
 
 
 
 
 
 
 
Total
479,113

 
436,230

 
940,610

 
846,301

Less partners’ interest and adjustments1
347,661

 
305,822

 
671,702

 
591,869

Granite’s interest
131,452

 
130,408

 
268,908

 
254,432

Granite’s interest in gross (loss) profit
$
(2,436
)
 
$
7,756

 
$
6,367

 
$
19,019

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.