Note 22

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Quarterly Financial Information [Text Block]

Quarterly Financial Data

The following tables set forth selected unaudited quarterly financial information for the years ended  December 31, 2022 and 2021. This unaudited quarterly financial information has been recast to remove the effect of discontinued operations as well as to correct the errors described below. 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)				As Restated			As Restated and Recast
Quarters Ended	December 31, 2022			September 30, 2022			June 30, 2022			March 31, 2022
Revenue	$	789,213		$	1,008,910		$	849,247		$	653,886
Gross profit	$	96,781		$	115,055		$	97,566		$	60,092
As a percent of revenue		12.3	%		11.4	%		11.5	%		9.2	%
Net income (loss)	$	19,176		$	65,198		$	19,578		$	(25,095	)
Net income (loss) attributable to Granite	$	22,052		$	69,302		$	18,681		$	(26,733	)
Net income (loss) per share attributable to common shareholders
Basic earnings (loss) per share	$	0.50		$	1.58		$	0.42		$	(0.58	)
Diluted earnings (loss) per share	$	0.46		$	1.36		$	0.39		$	(0.58	)

	As Recast
Quarters Ended	December 31, 2021			September 30, 2021			June 30, 2021			March 31, 2021
Revenue	$	805,651		$	1,062,129		$	964,172		$	669,913
Gross profit	$	62,446		$	119,935		$	116,946		$	63,318
As a percent of revenue		7.8	%		11.3	%		12.1	%		9.5	%
Net income (loss)	$	(20,433	)	$	32,423		$	55,747		$	(65,323	)
Net income (loss) attributable to Granite	$	(13,213	)	$	35,043		$	54,461		$	(66,195	)
Net income (loss) per share attributable to common shareholders
Basic earnings (loss) per share	$	(0.29	)	$	0.76		$	1.19		$	(1.45	)
Diluted earnings (loss) per share	$	(0.29	)	$	0.73		$	1.14		$	(1.45	)