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Investments in Affiliates (Tables)
6 Months Ended
Jun. 30, 2019
Investments In And Advances To Affiliates Schedule Of Investments [Abstract]  
Investments in and Advances to Affiliates

Our investments in affiliates balance consists of equity method investments in the following types of entities:

 

(in thousands)

 

June 30,

2019

 

 

December 31,

2018

 

 

June 30,

2018

 

Foreign

 

$

55,563

 

 

$

55,715

 

 

$

63,000

 

Real estate

 

 

17,781

 

 

 

19,676

 

 

 

27,591

 

Asphalt terminal

 

 

8,765

 

 

 

8,963

 

 

 

8,904

 

Total investments in affiliates

 

$

82,109

 

 

$

84,354

 

 

$

99,495

 

 

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)

 

June 30,

2019

 

 

December 31,

2018

 

 

June 30,

2018

 

Current assets

 

$

138,564

 

 

$

141,930

 

 

$

136,953

 

Noncurrent assets

 

 

182,561

 

 

 

170,172

 

 

 

173,384

 

Total assets

 

 

321,125

 

 

 

312,102

 

 

 

310,337

 

Current liabilities

 

 

70,435

 

 

 

55,816

 

 

 

54,710

 

Long-term liabilities1

 

 

70,381

 

 

 

63,098

 

 

 

54,383

 

Total liabilities

 

 

140,816

 

 

 

118,914

 

 

 

109,093

 

Net assets

 

 

180,309

 

 

 

193,188

 

 

 

201,244

 

Granite’s share of net assets

 

$

82,109

 

 

$

84,354

 

 

$

99,495

 

1The balance primarily relates to debt associated with our real estate investments.