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Investments in Affiliates (Tables)
 6 Months Ended
Jun. 30, 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)June 30, 2024December 31, 2023
Foreign$72,255 $68,407 
Real estate5,317 7,136 
Asphalt terminal15,927 17,367 
Total investments in affiliates$93,499 $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)June 30, 2024December 31, 2023
Current assets$192,560 $204,897 
Noncurrent assets141,950 159,694 
Total assets$334,510 $364,591 
Current liabilities$70,078 $81,899 
Long-term liabilities (1)46,799 54,591 
Total liabilities$116,877 $136,490 
Net assets$217,633 $228,101 
Granite’s share of net assets$93,499 $92,910 
(1)This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate investments.