Equity

3 Months Ended

Mar. 31, 2018

Stockholders Equity Note [Abstract]

Equity

16. Equity

The following tables summarize our equity activity for the periods presented (in thousands):

	Granite Construction Incorporated			Non-controlling Interests			Total Equity
Balance at December 31, 2017	$	945,108		$	47,697		$	992,805
Net (loss) income		(11,423	)		1,761			(9,662	)
Purchases of common stock1		(6,119	)		—			(6,119	)
Dividends on common stock		(5,206	)		—			(5,206	)
Effect of adopting Topic 606		(15,201	)		—			(15,201	)
Other transactions with shareholders and employees2		8,277			—			8,277
Balance at March 31, 2018	$	915,436		$	49,458		$	964,894
Balance at December 31, 2016	$	885,988		$	36,603		$	922,591
Net loss		(23,790	)		(61	)		(23,851	)
Purchases of common stock3		(6,448	)		—			(6,448	)
Dividends on common stock		(5,176	)		—			(5,176	)
Other transactions with shareholders and employees2		8,943			—			8,943
Balance at March 31, 2017	$	859,517		$	36,542		$	896,059

¹Represents 104,000 shares purchased in connection with employee tax withholding for restricted stock units vested under our 2012 Equity Incentive Plan.

²Amounts are comprised primarily of amortized restricted stock units.

³Represents 131,000 shares purchased in connection with employee tax withholding for restricted stock units vested under our 2012 Equity Incentive Plan.