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Investments in Affiliates (Tables)
 3 Months Ended
Mar. 31, 2024
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)March 31, 2024December 31, 2023
Foreign$69,945 $68,407 
Real estate5,425 7,136 
Asphalt terminal17,307 17,367 
Total investments in affiliates$92,677 $92,910 
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)March 31, 2024December 31, 2023
Current assets$186,450 $204,897 
Noncurrent assets142,342 159,694 
Total assets$328,792 $364,591 
Current liabilities$64,786 $81,899 
Long-term liabilities (1)47,805 54,591 
Total liabilities$112,591 $136,490 
Net assets$216,201 $228,101 
Granite’s share of net assets$92,677 $92,910 
(1)This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate investments.