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Note 22

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Quarterly Financial Information [Text Block]

The following table sets forth selected unaudited quarterly financial information for the years ended December 31, 2021 and 2020. The following unaudited quarterly financial information has been adjusted retrospectively to give effect to the discontinued operations and assets held-for-sale reclassification. See Note 2 for more information regarding discontinued operations and assets held-for-sale. This information has been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, contains all adjustments necessary for a fair statement thereof. Net income (loss) per share calculations are based on the weighted average common shares outstanding for each period presented. Accordingly, the sum of the quarterly net income (loss) per share amounts may not equal the per share amount reported for the year.

QUARTERLY FINANCIAL DATA
(unaudited - dollars in thousands, except per share data)
2021 Quarters Ended		*December 31,*				*September 30,*				*June 30,*				*March 31,*
Revenue		$	683,196			$	925,854			$	834,671			$	566,332
Gross profit		$	51,652			$	101,960			$	98,232			$	53,712
As a percent of revenue			7.6	%			11.0	%			11.8	%			9.5	%
Net income (loss) from continuing operations		$	(406	)		$	28,403			$	26,145			$	(62,401	)
Net income (loss) from discontinued operations		$	(20,027	)		$	4,020			$	29,602			$	(2,922	)
Net income (loss)		$	(20,433	)		$	32,423			$	55,747			$	(65,323	)
Net income (loss) attributable to Granite from continuing operations		$	6,814			$	31,023			$	24,859			$	(63,273	)
Net income (loss) attributable to Granite		$	(13,213	)		$	35,043			$	54,461			$	(66,195	)

Per share data:
Basic
Continuing operations		$	0.15			$	0.68			$	0.54			$	(1.38	)
Discontinued operations			(0.44	)			0.08				0.65				(0.07	)
Net income (loss) per share		$	(0.29	)		$	0.76			$	1.19			$	(1.45	)
Diluted
Continuing operations		$	0.14			$	0.65			$	0.52			$	(1.38	)
Discontinued operations			(0.42	)			0.08				0.62				(0.07	)
Net income (loss) per share		$	(0.28	)		$	0.73			$	1.14			$	(1.45	)

2020 Quarters Ended		*December 31,*				*September 30,*				*June 30,*				*March 31,*
Revenue		$	830,390			$	955,761			$	811,866			$	530,862
Gross profit		$	93,319			$	113,015			$	81,048			$	17,271
As a percent of revenue			11.2	%			11.8	%			10.0	%			3.3	%
Net income (loss) from continuing operations		$	2,513			$	32,665			$	3,645			$	(40,605	)
Net income (loss) from discontinued operations		$	3,174			$	(131,022	)		$	(4,618	)		$	(31,933	)
Net income (loss)		$	5,687			$	(98,357	)		$	(973	)		$	(72,538	)
Net income (loss) attributable to Granite from continuing operations		$	4,836			$	39,860			$	8,023			$	(33,437	)
Net income (loss) attributable to Granite		$	8,010			$	(91,162	)		$	3,405			$	(65,370	)

Per share data:
Basic
Continuing operations		$	0.11			$	0.87			$	0.18			$	(0.73	)
Discontinued operations			0.07				(2.87	)			(0.11	)			(0.71	)
Net income (loss) per share		$	0.18			$	(2.00	)		$	0.07			$	(1.44	)
Diluted
Continuing operations		$	0.10			$	0.86			$	0.17			$	(0.73	)
Discontinued operations			0.07				(2.83	)			(0.10	)			(0.71	)
Net income (loss) per share		$	0.17			$	(1.97	)		$	0.07			$	(1.44	)