XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Total revenue $ 619,801 $ 563,379
Cost of revenue    
Total cost of revenue 579,323 507,096
Gross profit 40,478 56,283
Selling, general and administrative expenses 81,155 61,252
Acquisition and integration expenses 3,323 8,409
Gain on sales of property and equipment (1,900) (543)
Operating loss (42,100) (12,835)
Other (income) expense    
Interest income (2,816) (1,521)
Interest expense 4,014 2,435
Equity in income of affiliates (1,290) (224)
Other (income) expense, net (1,762) 268
Total other (income) expense (1,854) 958
Loss before benefit from income taxes (40,246) (13,793)
Benefit from income taxes (9,165) (4,131)
Net loss (31,081) (9,662)
Amount attributable to non-controlling interests (3,493) (1,761)
Net loss attributable to Granite Construction Incorporated $ (34,574) $ (11,423)
Net loss per share attributable to common shareholders (See Note 16)    
Basic $ (0.74) $ (0.29)
Diluted $ (0.74) $ (0.29)
Weighted average shares of common stock    
Basic 46,699 39,908
Diluted 46,699 39,908
Transportation [Member]    
Revenue    
Total revenue $ 338,210 $ 359,145
Cost of revenue    
Total cost of revenue 316,960 327,683
Water [Member]    
Revenue    
Total revenue 99,255 40,041
Cost of revenue    
Total cost of revenue 91,136 28,477
Specialty [Member]    
Revenue    
Total revenue 140,693 118,471
Cost of revenue    
Total cost of revenue 125,826 102,735
Materials [Member]    
Revenue    
Total revenue 41,643 45,722
Cost of revenue    
Total cost of revenue $ 45,401 $ 48,201