Construction Joint Ventures (Tables)

9 Months Ended

Sep. 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)	September 30, 2018		December 31, 2017		September 30, 2017
Assets
Cash, cash equivalents and marketable securities	$	242,028	$	289,940	$	333,751
Other current assets1		806,104		812,577		721,014
Noncurrent assets		204,201		219,825		223,449
Less partners’ interest		810,111		869,782		846,832
Granite’s interest1,2		442,222		452,560		431,382
Liabilities
Current liabilities		511,639		682,832		650,065
Less partners’ interest and adjustments3		331,838		462,159		445,068
Granite’s interest		179,801		220,673		204,997
Equity in construction joint ventures4	$	262,421	$	231,887	$	226,385

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 September 30, 2018 and  December 31, 2017 and were $88.9 million as of September 30, 2017.

²Included in this balance as of September 30, 2018, December 31, 2017 and September 30, 2017 was, $67.1 million, $74.3 million, and $77.6 million, respectively, related to Granite’s share of estimated cost recovery of customer affirmative claims. In addition, this balance included $12.5 million, $11.8 million and $11.1 million related to Granite’s share of estimated recovery of back charge claims as of September 30, 2018, December 31, 2017 and September 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 $11.6 million, $15.9 million and $16.0 million as of September 30, 2018, December 31, 2017 and September 30, 2017, respectively.

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

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2018			2017			2018			2017
Revenue
Total	$	436,093		$	550,115		$	1,125,530		$	1,517,419
Less partners’ interest and adjustments1		285,064			396,672			746,905			1,096,834
Granite’s interest		151,029			153,443			378,625			420,585
Cost of revenue
Total		485,190			520,205			1,289,464			1,462,127
Less partners’ interest and adjustments1		330,141			359,825			892,892			1,026,377
Granite’s interest		155,049			160,380			396,572			435,750
Granite’s interest in gross loss	$	(4,020	)	$	(6,937	)	$	(17,947	)	$	(15,165	)

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.