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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 1,055,591 $ 957,126 $ 2,426,089 $ 2,188,439
Cost of revenue        
Total cost of revenue 911,100 842,596 2,144,946 1,974,213
Gross profit 144,491 114,530 281,143 214,226
Selling, general and administrative expenses 70,769 49,501 193,337 162,726
Acquisition and integration expenses 9,334 0 44,030 0
Gain on sales of property and equipment (3,018) (1,753) (5,066) (2,830)
Operating income 67,406 66,782 48,842 54,330
Other (income) expense        
Interest income (1,533) (1,141) (4,227) (3,356)
Interest expense 4,452 2,660 10,090 8,097
Equity in income of affiliates (1,769) (2,732) (5,527) (4,907)
Other income, net (1,533) (1,309) (2,205) (2,821)
Total other income (383) (2,522) (1,869) (2,987)
Income before provision for income taxes 67,789 69,304 50,711 57,317
Provision for income taxes 8,692 21,249 7,357 16,841
Net income 59,097 48,055 43,354 40,476
Amount attributable to non-controlling interests (3,425) (2,073) (7,490) (4,151)
Net income attributable to Granite Construction Incorporated $ 55,672 $ 45,982 $ 35,864 $ 36,325
Net income per share attributable to common shareholders (see Note 15)        
Basic $ 1.20 $ 1.15 $ 0.84 $ 0.91
Diluted $ 1.17 $ 1.14 $ 0.84 $ 0.90
Weighted average shares of common stock        
Basic 46,308 39,844 42,443 39,774
Diluted 47,810 40,387 42,910 40,367
Dividends per common share $ 0.13 $ 0.13 $ 0.39 $ 0.39
Transportation [Member]        
Revenue        
Total revenue $ 610,847 $ 624,727 $ 1,472,703 $ 1,423,396
Cost of revenue        
Total cost of revenue 539,871 559,187 1,334,302 1,303,489
Water [Member]        
Revenue        
Total revenue 124,292 36,378 215,951 100,944
Cost of revenue        
Total cost of revenue 100,189 34,573 174,834 91,172
Specialty [Member]        
Revenue        
Total revenue 190,836 197,886 461,149 452,265
Cost of revenue        
Total cost of revenue 162,737 170,089 395,838 395,529
Materials [Member]        
Revenue        
Total revenue 129,616 98,135 276,286 211,834
Cost of revenue        
Total cost of revenue $ 108,303 $ 78,747 $ 239,972 $ 184,023