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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total revenue $ 768,286 $ 834,671 $ 1,315,872 $ 1,401,003
Cost of revenue        
Total cost of revenue 689,806 736,439 1,187,617 1,249,059
Gross profit 78,480 98,232 128,255 151,944
Selling, general and administrative expenses 53,162 58,628 111,663 119,789
Other costs (see Note 7) 20,177 5,868 28,391 80,177
Gain on sales of property and equipment, net (385) (1,052) (717) (3,297)
Operating income (loss) 5,526 34,788 (11,082) (44,725)
Other (income) expense        
Interest income (782) (162) (1,405) (395)
Interest expense 3,896 5,502 7,471 10,874
Equity in income of affiliates, net (541) (2,607) (235) (2,875)
Other (income) expense, net 3,357 (1,800) 4,739 (2,026)
Total other expense, net 5,930 933 10,570 5,578
Income (loss) from continuing operations before income taxes (404) 33,855 (21,652) (50,303)
Provision for (benefit from) income taxes on continuing operations 2,549 7,710 (2,782) (14,047)
Net income (loss) from continuing operations (2,953) 26,145 (18,870) (36,256)
Net income from discontinued operations 19,521 29,602 25,617 26,680
Net income (loss) 16,568 55,747 6,747 (9,576)
Amount attributable to non-controlling interests from continuing operations 583 (1,286) (2,535) (2,158)
Net income (loss) attributable to Granite Construction Incorporated from continuing operations (2,370) 24,859 (21,405) (38,414)
Net income attributable to Granite Construction Incorporated from discontinued operations 19,521 29,602 25,617 26,680
Net income (loss) attributable to Granite Construction Incorporated $ 17,151 $ 54,461 $ 4,212 $ (11,734)
Basic continuing operations per share (in dollars per share) $ (0.05) $ 0.54 $ (0.47) $ (0.84)
Basic discontinued operations per share (in dollars per share) 0.44 0.65 0.57 0.58
Basic earnings (loss) per share (in dollars per share) 0.39 1.19 0.10 (0.26)
Diluted continuing operations per share (in dollars per share) (0.05) 0.52 (0.47) (0.84)
Diluted discontinued operations per share (in dollars per share) 0.44 0.62 0.57 0.58
Diluted earnings (loss) per share (in dollars per share) $ 0.39 $ 1.14 $ 0.10 $ (0.26)
Basic (in shares) 44,534 45,798 45,128 45,748
Diluted (in shares) 44,534 47,798 45,128 45,748
Construction [Member]        
Revenue        
Total revenue $ 632,260 $ 713,425 $ 1,107,195 $ 1,220,396
Cost of revenue        
Total cost of revenue 571,094 637,158 997,837 1,091,360
Materials [Member]        
Revenue        
Total revenue 136,026 121,246 208,677 180,607
Cost of revenue        
Total cost of revenue $ 118,712 $ 99,281 $ 189,780 $ 157,699