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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Construction $ 331,346 $ 305,605 $ 540,833 $ 494,125
Large Project Construction 197,322 182,893 392,771 373,198
Construction Materials 75,911 80,744 110,427 122,168
Total revenue 604,579 569,242 1,044,031 989,491
Cost of revenue        
Construction 282,290 266,721 464,844 434,646
Large Project Construction 183,668 168,414 365,612 341,183
Construction Materials 65,420 69,907 101,129 110,533
Total cost of revenue 531,378 505,042 931,585 886,362
Gross profit 73,201 64,200 112,446 103,129
Selling, general and administrative expenses 48,705 47,526 104,838 98,549
Gain on sales of property and equipment (1,366) (475) (1,966) (1,286)
Operating income 25,862 17,149 9,574 5,866
Other (income) expense        
Interest income (798) (528) (1,634) (970)
Interest expense 3,187 3,985 6,236 7,481
Equity in income of affiliates (717) (670) (2,159) (607)
Other income, net (3,183) (152) (4,555) (1,436)
Total other (income) expense (1,511) 2,635 (2,112) 4,468
Income before provision for income taxes 27,373 14,514 11,686 1,398
Provision for income taxes 8,916 4,975 3,739 469
Net income 18,457 9,539 7,947 929
Amount attributable to non-controlling interests (4,327) 74 (5,005) 124
Net income attributable to Granite Construction Incorporated $ 14,130 $ 9,613 $ 2,942 $ 1,053
Net income per share attributable to common shareholders (see Note 11)        
Basic (in dollars per share) $ 0.36 $ 0.24 $ 0.07 $ 0.03
Diluted (in dollars per share) $ 0.35 $ 0.24 $ 0.07 $ 0.03
Weighted average shares of common stock        
Weighted average common shares outstanding, basic 39,584 39,358 39,509 39,287
Weighted average common shares outstanding, diluted 40,302 39,881 40,140 39,848
Dividends per common share (in US$ per share) $ 0.13 $ 0.13 $ 0.26 $ 0.26