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Investments in Affiliates (Tables)
 9 Months Ended
Sep. 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)September 30, 2023December 31, 2022
Foreign$66,969 $58,579 
Real estate7,489 8,517 
Asphalt terminal16,643 13,629 
Total investments in affiliates$91,101 $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)September 30, 2023December 31, 2022
Current assets$207,838 $194,210 
Noncurrent assets163,121 172,560 
Total assets$370,959 $366,770 
Current liabilities$90,889 $106,780 
Long-term liabilities (1)58,202 59,356 
Total liabilities$149,091 $166,136 
Net assets$221,868 $200,634 
Granite’s share of net assets$91,101 $80,725 
(1)This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate investments.