Construction Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2018

Construction And Line Item Joint Ventures [Abstract]

Schedule of Unconsolidated Joint Ventures Assets and Liabilities [Table Text Block]

The following is summary financial information related to unconsolidated construction joint ventures:

(in thousands)	March 31, 2018		December 31, 2017		March 31, 2017
Assets:
Cash, cash equivalents and marketable securities	$	325,157	$	289,940	$	399,445
Other current assets¹		627,602		812,577		703,498
Noncurrent assets		219,435		219,825		205,517
Less partners’ interest		757,537		869,782		876,118
Granite’s interest^1,2		414,657		452,560		432,342
Liabilities:
Current liabilities		605,639		682,832		660,537
Less partners’ interest and adjustments³		423,518		462,159		447,502
Granite’s interest		182,121		220,673		213,035
Equity in construction joint ventures⁴	$	232,536	$	231,887	$	219,307

¹Included in this balance and in accrued and other current liabilities on our condensed consolidated balance sheets as of March 31, 2018, December 31, 2017 and March 31, 2017 was $88.6 million, $88.6 million and $83.1 million respectively, related to performance guarantees.

²Included in this balance as of March 31, 2018, December 31, 2017 and March 31, 2017 was $65.0 million, $74.3 million and $69.7 million respectively, related to Granite’s share of estimated cost recovery of customer affirmative claims. In addition, this balance included $11.3 million, $11.8 million and $7.9 million related to Granite’s share of estimated recovery of back charge claims as of March 31, 2018, December 31, 2017 and March 31, 2017, respectively.

³Partners’ interest and adjustments includes amounts to reconcile total net assets as reported by our partners to Granite’s interest adjusted to reflect our accounting policies primarily related to gross profit forecast differences.

⁴As of March 31, 2018, December 31, 2017 and March 31, 2017, this balance included $22.3 million, $15.9 million and $16.4 million, respectively, of deficit in construction joint ventures that is included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.

Schedule of Unconsolidated Joint Ventures Revenue and Costs [Table Text Block]

	Three Months Ended March 31,
(in thousands)	2018		2017
Revenue:
Total	$	239,441	$	451,321
Less partners’ interest and adjustments¹		121,032		323,830
Granite’s interest		118,409		127,491
Cost of revenue:
Total		380,889		442,990
Less partners’ interest and adjustments¹		266,501		316,995
Granite’s interest		114,388		125,995
Granite’s interest in gross profit	$	4,021	$	1,496

¹Partners’ interest and adjustments represents amounts to reconcile total revenue and total cost of revenue as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates.