Construction Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2023

Guarantees and Product Warranties [Abstract]

Schedule of Unconsolidated Joint Ventures Assets and Liabilities

(in thousands)	September 30, 2023		December 31, 2022
Assets
Cash, cash equivalents and marketable securities	$	158,768	$	130,635
Other current assets (1)	684,667		681,221
Noncurrent assets	53,703		76,204
Less: partners’ interest	617,934		604,741
Granite’s interest (1),(2)	$	279,204	$	283,319
Liabilities
Current liabilities	$	206,414	$	244,411
Less: partners’ interest and adjustments (3)	119,875		130,911
Granite’s interest	$	86,539	$	113,500
Equity in construction joint ventures (4)	$	192,665	$	169,819

Schedule of Unconsolidated Joint Ventures Revenue and Costs

	Three Months Ended September 30,				Nine Months Ended September 30,
			As Restated				As Restated
(in thousands)	2023		2022		2023		2022
Revenue
Total	$	(18,391)	$	69,355	$	44,994	$	322,058
Less: partners’ interest and adjustments (1)	(34,395)		44,000		4,625		223,858
Granite’s interest	$	16,004	$	25,355	$	40,369	$	98,200
Cost of revenue
Total	$	(10,607)	$	81,694	$	74,328	$	332,777
Less: partners’ interest and adjustments (1)	(18,143)		48,401		38,173		209,950
Granite’s interest	$	7,536	$	33,293	$	36,155	$	122,827
Granite’s interest in gross profit (loss)	$	8,468	$	(7,938)	$	4,214	$	(24,627)
Net Income (Loss)
Total	$	(7,514)	$	(11,945)	$	(27,742)	$	(11,649)
Less: partners’ interest and adjustments (1)	(16,054)		(4,106)		(32,277)		13,418
Granite’s interest in net income (loss) (2)	$	8,540	$	(7,839)	$	4,535	$	(25,067)