Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2018

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Summary of Impact of Adoption of Accounting Standards

The amounts by which each condensed consolidated balance sheet line item as of March 31, 2018, and condensed consolidated statement of operations line item for the three months ended March 31, 2018 was affected by the adoption of Topic 606 relative to the previous revenue guidance are presented in the tables below. The changes are primarily related to reclassifications on the condensed consolidated balance sheet and the impact on the condensed consolidated statement of operations, both from new requirements under Topic 606. The change in retained earnings is net of the cumulative effect of initially applying Topic 606.


Condensed Consolidated Balance Sheet	As Reported		Balances Without Adoption of Topic 606		Effect of Change Higher/(Lower)
ASSETS
Receivables, net	$	330,192	$	426,123	$	(95,931	)
Contract assets		178,663		—		178,663
Costs and estimated earnings in excess of billings		—		120,136		(120,136	)
Other current assets		43,125		43,788		(663	)
Deferred income taxes, net		3,718		—		3,718

LIABILITIES AND EQUITY
Contract liabilities	$	71,030	$	—	$	71,030
Billings in excess of costs and estimated earnings		—		104,306		(104,306	)
Accrued expenses and other current liabilities		233,637		220,084		13,553
Deferred income taxes, net		—		1,554		(1,554	)
Retained earnings		751,801		764,872		(13,071	)


Condensed Consolidated Statement of Operations	As Reported			Balances Without Adoption of Topic 606			Effect of Change Higher/(Lower)
Revenue
Construction	$	269,243		$	269,481		$	(238	)
Large Project Construction		248,414			246,621			1,793
Cost of revenue
Construction		230,847			230,847			—
Large Project Construction		228,048			229,284			(1,236	)
Gross profit		56,283			53,491			2,792
Operating (loss) income		(12,835	)		(15,627	)		2,792
(Benefit from) provision for income taxes		(4,131	)		(4,794	)		663
Net (loss) income		(9,662	)		(11,791	)		2,129
Net (loss) income attributable to Granite		(11,423	)		(13,552	)		2,129