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Investments in Affiliates (Tables)
 6 Months Ended
Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Our investments in affiliates balance consists of equity method investments in the following types of entities:
(in thousands)June 30, 2023December 31, 2022
Foreign$64,698 $58,579 
Real estate7,460 8,517 
Asphalt terminal14,453 13,629 
Total investments in affiliates$86,611 $80,725 
Equity Method Investment Summarized Balance Financial Information
The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis:
(in thousands)June 30, 2023December 31, 2022
Current assets$201,508 $194,210 
Noncurrent assets175,336 172,560 
Total assets376,844 366,770 
Current liabilities97,837 106,780 
Long-term liabilities (1)59,950 59,356 
Total liabilities157,787 166,136 
Net assets219,057 200,634 
Granite’s share of net assets$86,611 $80,725 
(1)This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate investments.