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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 1,088,110 $ 1,055,591 $ 2,497,451 $ 2,426,089
Cost of revenue        
Total cost of revenue 996,678 911,100 2,417,945 2,144,946
Gross profit 91,432 144,491 79,506 281,143
Selling, general and administrative expenses 73,424 70,769 224,577 193,337
Acquisition and integration expenses 2,744 9,334 15,244 44,030
Gain on sales of property and equipment, net (7,101) (3,018) (13,936) (5,066)
Operating income (loss) 22,365 67,406 (146,379) 48,842
Other (income) expense        
Interest income (1,713) (1,533) (6,257) (4,227)
Interest expense 4,839 4,452 13,011 10,090
Equity in income of affiliates (6,275) (1,769) (10,159) (5,527)
Other expense (income), net 127 (1,533) (2,394) (2,205)
Total other income (3,022) (383) (5,799) (1,869)
Income (loss) before provision for (benefit from) income taxes 25,387 67,789 (140,580) 50,711
Provision for (benefit from) income taxes 3,474 8,692 (37,451) 7,357
Net income (loss) 21,913 59,097 (103,129) 43,354
Amount attributable to non-controlling interests (1,425) (3,425) (8,793) (7,490)
Net income (loss) attributable to Granite Construction Incorporated $ 20,488 $ 55,672 $ (111,922) $ 35,864
Net income (loss) per share attributable to common shareholders        
Basic (in dollars per share) $ 0.44 $ 1.20 $ (2.39) $ 0.84
Diluted (in dollars per share) $ 0.43 $ 1.17 $ (2.39) $ 0.84
Weighted average shares of common stock        
Basic (in shares) 46,788 46,308 46,771 42,443
Diluted (in shares) 47,170 47,810 46,771 42,910
Transportation [Member]        
Revenue        
Total revenue $ 598,646 $ 610,847 $ 1,340,834 $ 1,472,703
Cost of revenue        
Total cost of revenue 585,013 539,871 1,405,830 1,334,302
Water [Member]        
Revenue        
Total revenue 135,908 124,292 347,994 215,951
Cost of revenue        
Total cost of revenue 120,878 100,189 313,582 174,834
Specialty [Member]        
Revenue        
Total revenue 224,457 190,836 540,234 461,149
Cost of revenue        
Total cost of revenue 186,158 162,737 464,858 395,838
Materials [Member]        
Revenue        
Total revenue 129,099 129,616 268,389 276,286
Cost of revenue        
Total cost of revenue $ 104,629 $ 108,303 $ 233,675 $ 239,972