XML 62 R51.htm IDEA: XBRL DOCUMENT v3.22.2
Note 4 - Revisions in Estimates - Summary of Impact of Revisions in Estimates to Gross Profit (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
$ / shares
Jun. 30, 2021
USD ($)
$ / shares
Jun. 30, 2022
USD ($)
$ / shares
Jun. 30, 2021
USD ($)
$ / shares
Range of reduction in gross profit from each project, net $ 78,480 $ 98,232 $ 128,255 $ 151,944
Decrease to project profitability (404) 33,855 (21,652) (50,303)
Net income (loss) 16,568 55,747 6,747 (9,576)
Decrease to net income/increase to net loss attributable to Granite Construction Incorporated from continuing operations $ 17,151 $ 54,461 $ 4,212 $ (11,734)
Diluted earnings (loss) per share (in dollars per share) | $ / shares $ 0.39 $ 1.14 $ 0.10 $ (0.26)
Estimated Cost Recovery of Customer Affirmative Claims and Back Charges [Member]        
Number of projects with downward estimate changes 4 0 5 2
Range of reduction in gross profit from each project, net   $ 0    
Decrease to project profitability $ 25,200 0 $ 35,600 $ 11,400
Net income (loss) 19,300 0 27,300 8,900
Amounts attributable to non-controlling interests 3,000 0 3,000 2,600
Decrease to net income/increase to net loss attributable to Granite Construction Incorporated from continuing operations $ 16,300 $ 0 $ 24,200 $ 6,300
Diluted earnings (loss) per share (in dollars per share) | $ / shares $ 0.37 $ 0 $ 0.54 $ 0.14
Estimated Cost Recovery of Customer Affirmative Claims and Back Charges [Member] | Minimum [Member]        
Range of reduction in gross profit from each project, net $ 5,700 $ 5,600 $ 5,300  
Estimated Cost Recovery of Customer Affirmative Claims and Back Charges [Member] | Maximum [Member]        
Range of reduction in gross profit from each project, net $ 7,600   $ 10,600 $ 6,100