Construction Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2017

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)	September 30, 2017		December 31, 2016		September 30, 2016
Assets:
Cash, cash equivalents and marketable securities	$	333,751	$	537,991	$	509,644
Other current assets¹	721,014		644,809		683,854
Noncurrent assets	223,449		207,240		212,620
Less partners’ interest	846,832		935,615		942,183
Granite’s interest^1,2	431,382		454,425		463,935
Liabilities:
Current liabilities	650,065		696,215		656,621
Less partners’ interest and adjustments³	445,068		472,324		449,044
Granite’s interest	204,997		223,891		207,577
Equity in construction joint ventures⁴	$	226,385	$	230,534	$	256,358

¹Included in this balance and in accrued and other current liabilities on our condensed consolidated balance sheets as of September 30, 2017, December 31, 2016 and September 30, 2016 was $88.9 million, $83.1 million and $83.1 million, respectively, related to performance guarantees.

²Included in this balance as of September 30, 2017, December 31, 2016 and September 30, 2016 was $77.6 million, $65.4 million and $62.5 million, respectively, related to Granite’s share of estimated cost recovery of customer affirmative claims. In addition, this balance included $11.1 million, $5.6 million and $5.9 million related to Granite’s share of estimated recovery of back charge claims as of September 30, 2017, December 31, 2016 and September 30, 2016, respectively.

³Partners’ interest and adjustments includes amounts to reconcile total liabilities as reported by our partners to Granite’s interest adjusted to reflect our accounting policies.

⁴As of September 30, 2017, December 31, 2016 and September 30, 2016, this balance included $16.0 million, $16.6 million and $6.8 million, respectively, of deficit in construction joint ventures that is included in accrued expenses and other current liabilities on the condensed consolidated balance sheets.



	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands)	2017			2016		2017			2016
Revenue:
Total	$	550,115		$	550,296	$	1,517,419		$	1,520,342
Less partners’ interest and adjustments¹	396,672			390,775		1,096,834			1,085,546
Granite’s interest	153,443			159,521		420,585			434,796
Cost of revenue:
Total	520,205			510,579		1,462,127			1,451,189
Less partners’ interest and adjustments¹	359,825			360,965		1,026,377			1,032,667
Granite’s interest	160,380			149,614		435,750			418,522
Granite’s interest in gross (loss) profit	$	(6,937	)	$	9,907	$	(15,165	)	$	16,274

Schedule of Unconsolidated Joint Ventures Revenue and Costs [Table Text Block]



	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands)	2017			2016		2017			2016
Revenue:
Total	$	550,115		$	550,296	$	1,517,419		$	1,520,342
Less partners’ interest and adjustments¹	396,672			390,775		1,096,834			1,085,546
Granite’s interest	153,443			159,521		420,585			434,796
Cost of revenue:
Total	520,205			510,579		1,462,127			1,451,189
Less partners’ interest and adjustments¹	359,825			360,965		1,026,377			1,032,667
Granite’s interest	160,380			149,614		435,750			418,522
Granite’s interest in gross (loss) profit	$	(6,937	)	$	9,907	$	(15,165	)	$	16,274

¹Partners’ interest and adjustments 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.