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Construction Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 2024
Guarantees and Product Warranties [Abstract]  
Schedule of Unconsolidated Joint Ventures Assets and Liabilities
The following is summary financial information related to unconsolidated construction joint ventures:
(in thousands)June 30, 2024December 31, 2023
Assets
Cash, cash equivalents and marketable securities$127,513 $117,962 
Other current assets (1)605,779 666,536 
Noncurrent assets37,794 52,580 
Less: partners’ interest527,663 574,723 
Granite’s interest (1),(2)$243,423 $262,355 
Liabilities
Current liabilities$157,580 $191,175 
Less: partners’ interest and adjustments (3)64,623 85,131 
Granite’s interest$92,957 $106,044 
Equity in construction joint ventures (4)$150,466 $156,311 
(1) Included in this balance and in accrued expenses and other current liabilities on the condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023 was $57.8 million related to performance guarantees (see Note 13).
(2) Included in this balance as of June 30, 2024 and December 31, 2023 was $68.4 million and $66.6 million, respectively, related to Granite’s share of estimated cost recovery of customer affirmative claims. In addition, this balance included $1.7 million related to Granite’s share of estimated recovery of back charge claims as of June 30, 2024 and December 31, 2023, respectively.
(3) Partners’ interest and adjustments includes amounts to reconcile total net assets as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates primarily related to contract forecast differences.
(4) Included in this balance and in accrued expenses and other current liabilities on our condensed consolidated balance sheets was $6.6 million and $14.9 million as of June 30, 2024 and December 31, 2023, respectively, related to deficits in unconsolidated construction joint ventures, which includes provisions for losses.
Schedule of Unconsolidated Joint Ventures Revenue and Costs
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2024202320242023
Revenue
Total$21,648 $25,211 $30,365 $63,385 
Less: partners’ interest and adjustments (1)14,455 15,691 12,942 39,020 
Granite’s interest$7,193 $9,520 $17,423 $24,365 
Cost of revenue
Total$27,346 $40,564 $46,097 $84,935 
Less: partners’ interest and adjustments (1)18,106 25,912 28,376 56,316 
Granite’s interest$9,240 $14,652 $17,721 $28,619 
Granite’s interest in gross loss$(2,047)$(5,132)$(298)$(4,254)
Net Income (Loss)
Total$(3,950)$(14,574)$(12,099)$(20,228)
Less: partners’ interest and adjustments (1)(2,412)(9,658)(12,851)(16,223)
Granite’s interest in net income (loss) (2)$(1,538)$(4,916)$752 $(4,005)
(1)Partners’ interest and adjustments includes amounts to reconcile total revenue and total cost of revenue as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates primarily related to contract forecast and/or actual differences.
(2)These joint venture net income amounts exclude our corporate overhead required to manage the joint ventures and include taxes only to the extent the applicable states have joint venture level taxes.