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Quarterly Financial Data - Unaudited (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data

 

QUARTERLY FINANCIAL DATA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(unaudited - dollars in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018 Quarters Ended

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

Revenue

 

$

892,325

 

 

$

1,055,591

 

 

$

807,119

 

 

$

563,379

 

Gross profit

 

 

108,049

 

 

 

144,491

 

 

 

80,369

 

 

 

56,283

 

As a percent of revenue

 

 

12.1

%

 

 

13.7

%

 

 

10.0

%

 

 

10.0

%

Net income (loss)

 

$

10,387

 

 

$

59,097

 

 

$

(6,081

)

 

$

(9,662

)

As a percent of revenue

 

 

1.2

%

 

 

5.6

%

 

 

(0.8

)%

 

 

(1.7

)%

Net income (loss) attributable to Granite

 

$

6,546

 

 

$

55,672

 

 

$

(8,385

)

 

$

(11,423

)

As a percent of revenue

 

 

0.7

%

 

 

5.3

%

 

 

(1.0

)%

 

 

(2.0

)%

Net income (loss) per share attributable to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.14

 

 

$

1.20

 

 

$

(0.20

)

 

$

(0.29

)

Diluted

 

$

0.14

 

 

$

1.17

 

 

$

(0.20

)

 

$

(0.29

)

 

2017 Quarters Ended

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

Revenue

 

$

801,274

 

 

$

957,126

 

 

$

762,913

 

 

$

468,400

 

Gross profit

 

 

100,707

 

 

 

114,530

 

 

 

74,570

 

 

 

25,126

 

As a percent of revenue

 

 

12.6

%

 

 

12.0

%

 

 

9.8

%

 

 

5.4

%

Net income (loss)

 

$

35,325

 

 

$

48,055

 

 

$

16,272

 

 

$

(23,851

)

As a percent of revenue

 

 

4.4

%

 

 

5.0

%

 

 

2.1

%

 

 

(5.1

)%

Net income (loss) attributable to Granite

 

$

32,773

 

 

$

45,982

 

 

$

14,133

 

 

$

(23,790

)

As a percent of revenue

 

 

4.1

%

 

 

4.8

%

 

 

1.9

%

 

 

(5.1

)%

Net income (loss) per share attributable to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.82

 

 

$

1.15

 

 

$

0.35

 

 

$

(0.60

)

Diluted

 

$

0.81

 

 

$

1.14

 

 

$

0.35

 

 

$

(0.60

)