Construction Joint Ventures (Tables)

6 Months Ended

Jun. 30, 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)	June 30, 2018		December 31, 2017		June 30, 2017
Assets
Cash, cash equivalents and marketable securities	$	309,330	$	289,940	$	388,542
Other current assets¹		701,945		812,577		632,166
Noncurrent assets		211,963		219,825		230,633
Less partners’ interest		792,567		869,782		828,237
Granite’s interest^1,2		430,671		452,560		423,104
Liabilities
Current liabilities		535,700		682,832		668,630
Less partners’ interest and adjustments³		342,760		462,159		460,052
Granite’s interest		192,940		220,673		208,578
Equity in construction joint ventures⁴	$	237,731	$	231,887	$	214,526

¹Included in this balance and in accrued expenses and other current liabilities on our condensed consolidated balance sheets were amounts related to performance guarantees that were $88.6 million as of both June 30, 2018 and December 31, 2017 and $88.9 million as of June 30, 2017.

²Included in this balance as of June 30, 2018, December 31, 2017 and June 30, 2017 was $65.8 million, $74.3 million and $81.7 million, respectively, related to Granite’s share of estimated cost recovery of customer affirmative claims. In addition, this balance included $10.6 million, $11.8 million and $9.8 million related to Granite’s share of estimated recovery of back charge claims as of June 30, 2018, December 31, 2017 and June 30, 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 and estimates primarily related to contract forecast differences.

⁴Included in this balance and in accrued expenses and other current liabilities on the condensed consolidated balance sheets were amounts related to deficits in construction joint ventures that were $14.7 million as of June 30, 2018 and $15.9 million as of both December 31, 2017 and June 30, 2017.

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

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2018			2017			2018			2017
Revenue
Total	$	449,996		$	515,983		$	689,437		$	967,304
Less partners’ interest and adjustments¹		340,809			376,332			461,841			700,162
Granite’s interest		109,187			139,651			227,596			267,142
Cost of revenue
Total		423,385			498,932			804,274			941,922
Less partners’ interest and adjustments¹		296,250			349,557			562,751			666,552
Granite’s interest		127,135			149,375			241,523			275,370
Granite’s interest in gross loss	$	(17,948	)	$	(9,724	)	$	(13,927	)	$	(8,228	)

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.