Investments in Affiliates (Tables)

9 Months Ended

Sep. 30, 2018

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

Investments in and Advances to Affiliates

Our investments in affiliates balance consists of the following:

(in thousands)	September 30, 2018		December 31, 2017		September 30, 2017
Equity method investment in foreign affiliates	$	54,620	$	—	$	—
Equity method investments in real estate affiliates		20,930		29,472		28,634
Equity method investment in asphalt terminal affiliate		9,290		8,997		11,312
Total investments in affiliates	$	84,840	$	38,469	$	39,946

Equity Method Investment Summarized Balance Sheet Information

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

(in thousands)	September 30, 2018		December 31, 2017		September 30, 2017
Current assets	$	138,887	$	31,320	$	26,442
Noncurrent assets		168,402		129,039		137,272
Total assets		307,289		160,359		163,714
Current liabilities		71,940		30,131		32,463
Long-term liabilities1		46,961		31,636		32,761
Total liabilities		118,901		61,767		65,224
Net assets		188,388		98,592		98,490
Granite’s share of net assets	$	84,840	$	38,469	$	39,946

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  foreign affiliates associated with purchase of equipment and buildings.