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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Construction $ 429,269 $ 331,346 $ 656,118 $ 540,833
Large Project Construction 254,463 197,322 461,496 392,771
Construction Materials 79,181 75,911 113,699 110,427
Total revenue 762,913 604,579 1,231,313 1,044,031
Cost of revenue        
Construction 366,765 282,290 565,665 464,844
Large Project Construction 253,968 183,668 458,446 365,612
Construction Materials 67,610 65,420 107,506 101,129
Total cost of revenue 688,343 531,378 1,131,617 931,585
Gross profit 74,570 73,201 99,696 112,446
Selling, general and administrative expenses 51,388 48,705 113,225 104,838
Gain on sales of property and equipment (807) (1,366) (1,077) (1,966)
Operating income (loss) 23,989 25,862 (12,452) 9,574
Other (income) expense        
Interest income (1,164) (798) (2,215) (1,634)
Interest expense 2,694 3,187 5,437 6,236
Equity in income of affiliates (1,259) (717) (2,175) (2,159)
Other income, net (642) (3,183) (1,512) (4,555)
Total other income (371) (1,511) (465) (2,112)
Income (loss) before provision for (benefit from) income taxes 24,360 27,373 (11,987) 11,686
Provision for (benefit from) income taxes 8,088 8,847 (4,408) 2,923
Net income (loss) 16,272 18,526 (7,579) 8,763
Amount attributable to non-controlling interests 2,139 4,327 2,078 5,005
Net income (loss) attributable to Granite Construction Incorporated $ 14,133 $ 14,199 $ (9,657) $ 3,758
Net income (loss) per share attributable to common shareholders (see Note 11)        
Basic (in dollars per share) $ 0.35 $ 0.36 $ (0.24) $ 0.10
Diluted (in dollars per share) $ 0.35 $ 0.35 $ (0.24) $ 0.09
Weighted average shares of common stock        
Weighted average common shares outstanding, basic 39,827 39,584 39,738 39,509
Weighted average common shares outstanding, diluted 40,393 40,302 39,738 40,140
Dividends per common share (in US$ per share) $ 0.13 $ 0.13 $ 0.26 $ 0.26