Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2017

Investments in and Advances to Affiliates, Balance [Abstract]

Investments in Affiliates

Our investments in affiliates balance consists of the following (in thousands):

December 31,	2017		2016
Equity method investments in real estate affiliates	$	29,472	$	25,911
Equity method investments in other affiliate	8,997		9,757
Total investments in affiliates	$	38,469	$	35,668

Equity Method Investment Summarized Balance Sheet Information

The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis (in thousands):

December 31,	2017		2016
Current assets	$	31,320	$	30,836
Noncurrent assets	129,039		124,670
Total assets	160,359		155,506
Current liabilities	30,131		18,485
Long-term liabilities1	31,636		37,217
Total liabilities	61,767		55,702
Net assets	98,592		99,804
Granite’s share of net assets	$	38,469	$	35,668

Equity Method Investment Summarized Income Statement Information

The following table provides summarized statement of operations information for our affiliates accounted for under the equity method on a combined basis (in thousands):

Years Ended December 31,	2017		2016		2015
Revenue	$	56,372	$	56,127	$	47,457
Gross profit	23,007		22,398		19,117
Income before taxes	17,154		19,117		8,446
Net income	17,154		19,117		8,446
Granite’s interest in affiliates’ net income	7,107		7,177		3,210