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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Construction $ 464,624 $ 427,018 $ 1,005,457 $ 921,143
Large Project Construction 249,345 217,084 642,116 590,282
Construction Materials 89,936 107,274 200,363 229,442
Total revenue 803,905 751,376 1,847,936 1,740,867
Cost of revenue        
Construction 393,094 366,547 857,938 801,193
Large Project Construction 225,826 195,430 591,438 536,613
Construction Materials 77,311 93,316 178,440 203,849
Total cost of revenue 696,231 655,293 1,627,816 1,541,655
Gross profit 107,674 96,083 220,120 199,212
Selling, general and administrative expenses 54,194 45,262 159,032 143,811
Gain on sales of property and equipment (398) (804) (2,364) (2,090)
Operating income 53,878 51,625 63,452 57,491
Other (income) expense        
Interest income (790) (591) (2,424) (1,561)
Interest expense 3,034 3,485 9,270 10,966
Equity in income of affiliates (2,424) (1,155) (4,583) (1,762)
Other (income) expense, net (732) 27 (5,287) (1,409)
Total other (income) expense (912) 1,766 (3,024) 6,234
Income before provision for income taxes 54,790 49,859 66,476 51,257
Provision for income taxes 16,703 17,679 20,442 18,148
Net income 38,087 32,180 46,034 33,109
Amount attributable to non-controlling interests (982) (1,421) (5,987) (1,297)
Net income attributable to Granite Construction Incorporated $ 37,105 $ 30,759 $ 40,047 $ 31,812
Net income per share attributable to common shareholders (see Note 11)        
Basic (in dollars per share) $ 0.94 $ 0.78 $ 1.01 $ 0.81
Diluted (in dollars per share) $ 0.92 $ 0.77 $ 1.00 $ 0.80
Weighted average shares of common stock        
Weighted average common shares outstanding, basic 39,599 39,378 39,539 39,317
Weighted average common shares outstanding, diluted 40,313 39,897 40,205 39,863
Dividends per common share (in US$ per share) $ 0.13 $ 0.13 $ 0.39 $ 0.39