Investments in Affiliates (Tables)

6 Months Ended

Jun. 30, 2018

Investments In And Advances To Affiliates Schedule Of Investments [Abstract]

Investments in and Advances to Affiliates [Table Text Block]

Our investments in affiliates balance consists of the following:

(in thousands)	June 30, 2018		December 31, 2017		June 30, 2017
Equity method investment in foreign affiliates	$	63,000	$	—	$	—
Equity method investments in real estate affiliates		27,591		29,472		27,329
Equity method investment in asphalt terminal affiliate		8,904		8,997		9,841
Total investments in affiliates	$	99,495	$	38,469	$	37,170

Equity Method Investment Summarized Balance Sheet Information Table Text Block

The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis:

(in thousands)	June 30, 2018		December 31, 2017		June 30, 2017
Current assets	$	136,953	$	31,320	$	25,246
Noncurrent assets		173,384		129,039		131,723
Total assets		310,337		160,359		156,969
Current liabilities		54,710		30,131		34,736
Long-term liabilities1		54,383		31,636		25,595
Total liabilities		109,093		61,767		60,331
Net assets		201,244		98,592		96,638
Granite’s share of net assets	$	99,495	$	38,469	$	37,170

¹The balance primarily relates to debt associated with our real estate investments. The increase in the balance since December 31, 2017 is related to debt of our investments in foreign affiliates associated with purchase of equipment and buildings.