Granite Construction (GVA) 10-Q 2 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	Apr. 26, 2023
Document Information [Line Items]
Entity Central Index Key	0000861459
Entity Registrant Name	GRANITE CONSTRUCTION INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	1-12911
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0239383
Entity Address, Address Line One	585 W. Beach Street
Entity Address, City or Town	Watsonville
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95076
City Area Code	831
Local Phone Number	724-1011
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	GVA
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,880,771

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 199,751	$ 293,991
Short-term marketable securities	39,754	39,374
Receivables, net	397,231	463,987
Contract assets	288,146	241,916
Inventories	97,893	86,809
Equity in construction joint ventures	182,063	183,808
Other current assets	41,397	37,411
Total current assets	1,246,235	1,347,296
Property and equipment, net	531,457	509,210
Long-term marketable securities	16,575	26,569
Investments in affiliates	83,335	80,725
Goodwill	73,703	73,703
Right of use assets	43,886	49,079
Deferred income taxes, net	22,080	22,208
Other noncurrent assets	60,116	59,143
Total assets	2,077,387	2,167,933
Current liabilities
Current maturities of long-term debt	1,456	1,447
Accounts payable	295,125	334,392
Contract liabilities	160,245	173,286
Accrued expenses and other current liabilities	266,541	288,469
Total current liabilities	723,367	797,594
Long-term debt	287,000	286,934
Long-term lease liabilities	27,934	32,170
Deferred income taxes, net	1,678	1,891
Other long-term liabilities	64,997	64,199
Commitments and contingencies (see Note 17)
Equity
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding	0	0
Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding: 43,880,224 shares as of March 31, 2023 and 43,743,907 shares as of December 31, 2022	439	437
Additional paid-in capital	471,782	470,407
Accumulated other comprehensive income	653	788
Retained earnings	452,583	481,384
Total Granite Construction Incorporated shareholders’ equity	925,457	953,016
Non-controlling interests	46,954	32,129
Total equity	972,411	985,145
Total liabilities and equity	$ 2,077,387	$ 2,167,933

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 199,751	$ 293,991
Receivables, net	397,231	463,987
Contract assets	288,146	241,916
Property and equipment, net	531,457	509,210
Accounts payable	295,125	334,392
Contract liabilities	160,245	173,286
Accrued expenses and other current liabilities	$ 266,541	$ 288,469
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	43,880,224	43,743,907
Common stock, shares outstanding (in shares)	43,880,224	43,743,907
Consolidated Construction Corporate Joint Venture [Member]
Cash and cash equivalents	$ 112,340	$ 102,547
Receivables, net	25,488	39,281
Contract assets	86,027	80,306
Property and equipment, net	7,540	7,834
Accounts payable	43,009	57,534
Contract liabilities	46,943	62,675
Accrued expenses and other current liabilities	$ 7,570	$ 8,451

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue
Total revenue	$ 560,068	$ 653,886
Cost of revenue
Total cost of revenue	527,709	593,794
Gross profit	32,359	60,092
Selling, general and administrative expenses	73,122	70,120
Other costs, net	4,523	6,279
Gain on sales of property and equipment, net	(2,037)	(598)
Operating loss	(43,249)	(15,709)
Other (income) expense
Interest income	(3,762)	(570)
Interest expense	2,891	3,585
Equity in income (loss) of affiliates	(5,187)	(1,289)
Other (income) expense, net	(1,950)	1,308
Total other (income) expense, net	(8,008)	3,034
Loss before income taxes	(35,241)	(18,743)
Provision for (benefit from) income taxes	(9,469)	6,352
Net loss	(25,772)	(25,095)
Amount attributable to non-controlling interests	2,749	(1,638)
Net loss attributable to Granite Construction Incorporated	$ (23,023)	$ (26,733)
Net income (loss) per share attributable to common shareholders
Basic loss per share (in dollars per share)	$ (0.53)	$ (0.58)
Diluted loss per share (in dollars per share)	$ (0.53)	$ (0.58)
Basic (in shares)	43,764	45,730
Diluted (in shares)	43,764	45,730
Construction [Member]
Revenue
Total revenue	$ 503,416	$ 578,266
Cost of revenue
Total cost of revenue	466,711	519,787
Materials [Member]
Revenue
Total revenue	56,652	75,620
Cost of revenue
Total cost of revenue	$ 60,998	$ 74,007

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net loss	$ (25,772)	$ (25,095)
Other comprehensive income (loss), net of tax:
Net unrealized gain (loss) on cash flow hedges, net of tax	(192)	2,436
Less: reclassification for net gains included in interest expense, net of tax	0	1,760
Net change	(192)	4,196
Foreign currency translation adjustments, net	57	736
Other comprehensive income (loss), net of tax	(135)	4,932
Comprehensive loss, net of tax	(25,907)	(20,163)
Non-controlling interests in comprehensive income, net of tax	2,749	(1,638)
Comprehensive loss attributable to Granite Construction Incorporated, net of tax	$ (23,158)	$ (21,801)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands		Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Parent [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balances (in shares) at Dec. 31, 2021									45,840,260							45,840,260
Balances at Dec. 31, 2021		$ 0	$ (26,961)	$ 0	$ 10,543	$ (16,418)	$ 0	$ (16,418)	$ 458	$ 532,791	$ (3,359)	$ 421,374	$ 951,264	$ 27,881	$ 979,145	$ 458	$ 559,752	$ (3,359)	$ 410,831	$ 967,682	$ 27,881	$ 995,563
Net loss																0	0	0	(26,733)	(26,733)	1,638	(25,095)
Other comprehensive income (loss)																$ 0	0	4,932	0	4,932	0	4,932
Repurchases of common stock (1) (in shares)	[1]															(665,880)
Repurchases of common stock (1)	[1]															$ (6)	(20,206)	0	0	(20,212)	0	(20,212)
RSUs vested (in shares)																190,170
RSUs vested																$ 2	(2)	0	0	0	0	0
Dividends on common stock ($0.13 per share)																0	69	0	(5,885)	(5,816)	0	(5,816)
Transactions with non-controlling interests																$ 0	0	0	0	0	6,325	6,325
Stock-based compensation expense and other (in shares)																(413)
Stock-based compensation expense and other																$ 0	2,610	0	0	2,610	0	2,610
Balances (in shares) at Mar. 31, 2022																45,364,137
Balances at Mar. 31, 2022																$ 454	515,262	1,573	388,756	906,045	35,844	$ 941,889
Balances (in shares) at Dec. 31, 2022																43,743,907						43,743,907
Balances at Dec. 31, 2022																$ 437	470,407	788	481,384	953,016	32,129	$ 985,145
Net loss																0	0	0	(23,023)	(23,023)	(2,749)	(25,772)
Other comprehensive income (loss)																$ 0	0	(135)	0	(135)	0	(135)
Repurchases of common stock (1) (in shares)	[1]															(87,260)
Repurchases of common stock (1)	[1]															$ 0	(3,523)	0	0	(3,523)	0	(3,523)
RSUs vested (in shares)																223,967
RSUs vested																$ 2	(2)	0	0	0	0	0
Dividends on common stock ($0.13 per share)																0	74	0	(5,778)	(5,704)	0	(5,704)
Transactions with non-controlling interests																$ 0	0	0	0	0	17,574	17,574
Stock-based compensation expense and other (in shares)																(390)
Stock-based compensation expense and other																$ 0	4,826	0	0	4,826	0	$ 4,826
Balances (in shares) at Mar. 31, 2023																43,880,224						43,880,224
Balances at Mar. 31, 2023																$ 439	$ 471,782	$ 653	$ 452,583	$ 925,457	$ 46,954	$ 972,411
[1]This amount represents employee tax withholding for RSUs vested under our 2012 and 2021 Equity Incentive Plans in 2022 and 2023 and stock repurchased under the Board approved repurchase plan in 2022.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Dividends (in dollars per share)	$ 0.13	$ 0.13

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net loss	$ (25,772)	$ (25,095)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and amortization	19,733	16,737
Amortization related to long-term debt	472	652
Gain on sale of business	0	(3,278)
Gain on sales of property and equipment, net	(2,037)	(598)
Deferred income taxes	0	2,545
Stock-based compensation	4,828	2,614
Equity in net loss from unconsolidated joint ventures	(911)	3,627
Equity in income (loss) of affiliates	(5,187)	(1,289)
Other non-cash adjustments	(151)	(299)
Changes in assets and liabilities:
Receivables	66,800	85,957
Contract assets, net	(59,307)	(69,819)
Inventories	(11,083)	(13,805)
Contributions to unconsolidated construction joint ventures	(3,350)	(12,840)
Distributions from unconsolidated construction joint ventures and affiliates	2,478	250
Other assets, net	(5,724)	9,652
Accounts payable	(42,955)	(44,028)
Accrued expenses and other liabilities, net	(14,522)	(1,163)
Net cash used in operating activities	(76,688)	(50,180)
Investing activities
Purchases of marketable securities	0	(19,940)
Maturities of marketable securities	10,000	0
Purchases of property and equipment	(40,461)	(31,269)
Proceeds from sales of property and equipment	4,518	2,483
Proceeds from company owned life insurance	1,545	0
Proceeds from the sale of business	0	142,571
Issuance of notes receivable	0	(4,560)
Collection of notes receivable	62	111
Net cash provided by (used in) investing activities	(24,336)	89,396
Financing activities
Debt principal repayments	(256)	(63,059)
Cash dividends paid	(5,687)	(5,959)
Repurchases of common stock	(3,523)	(20,212)
Contributions from non-controlling partners	17,600	6,325
Distributions to non-controlling partners	(1,350)	0
Other financing activities, net	0	1
Net cash provided by (used in) financing activities	6,784	(82,904)
Net decrease in cash, cash equivalents and restricted cash	(94,240)	(43,688)
Cash, cash equivalents and $0 and $1,512 in restricted cash at beginning of period	293,991	413,655
Cash, cash equivalents and $0 and $1,512 in restricted cash at end of period	199,751	369,967
Supplementary Information
Right of use assets obtained in exchange for lease obligations	3,388	3,502
Operating lease liabilities	5,824	5,862
Interest	1,012	2,090
Income taxes	166	2
Other non-cash operating activities:
Performance guarantees	(6,513)	0
Non-cash investing and financing activities:
RSUs issued, net of forfeitures	9,552	6,606
Dividends declared but not paid	5,704	5,897
Contributions from non-controlling partners	1,324	0
Accrued equipment purchases	$ 3,693	$ 5,511

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Restricted cash	$ 0	$ 1,512	$ 1,512
Restricted cash	$ 0	$ 0	$ 1,512

Note 1 - General

Note 1 - General	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1.   General Basis of Presentation: 10 December 31, 2022 March 31, 2023 2022 December 31, 2022 not Seasonality: first fourth may three March 31, 2023 not Subsequent Event: April 24, 2023, 2020 not

Note 2 - Recently Issued and Ad

Note 2 - Recently Issued and Adopted Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	2.   Recently Issued and Adopted Accounting Pronouncements We closely monitor all Accounting Standards Updates issued by the Financial Accounting Standards Board and other authoritative guidance. There are currently no No three March 31, 2023

Note 3 - Restatement and Recast

Note 3 - Restatement and Recast	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Error Correction [Text Block]	3. Restatement and Recast Background As disclosed in our Annual Report, we identified errors during the preparation of the Annual Report related to deferred taxes and the calculation of income tax expense of $12.3 million in connection with the sale of Inliner, which was completed in the first 2022 first second 2022 third 2022. nine September 30, 2022 first three 2022, During the fourth 2021, first 2022, September 2022, March 31, 2022, Description of Restatement and Recast Tables We have presented below a reconciliation from the previously reported to the restated and recast amounts for the quarter ended March 31, 2022. 10 March 31, 2022 April 28, 2022. The impacts to the condensed consolidated statements of shareholders’ equity and comprehensive income (loss) as a result of the restatement were due to the changes in net loss for the three March 31, 2022. no three March 31, 2022 The effects of the prior-period errors and the discontinued operations reclassification impacts on our condensed consolidated financial statements are as follows (in thousands, except per share data): CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS Three months ended March 31, 2022 As Previously Reported Restatement Impacts As Restated Discontinued Operations Reclassification Impacts As Restated and Recast Revenue Construction $ 474,935 $ 1,893 $ 476,828 $ 101,438 $ 578,266 Materials 72,651 - 72,651 2,969 75,620 Total revenue 547,586 1,893 549,479 104,407 653,886 Cost of revenue Construction 426,743 6,019 432,762 87,025 519,787 Materials 71,068 - 71,068 2,939 74,007 Total cost of revenue 497,811 6,019 503,830 89,964 593,794 Gross profit 49,775 (4,126 ) 45,649 14,443 60,092 Selling, general and administrative expenses 58,501 - 58,501 11,619 70,120 Other costs, net 8,214 - 8,214 (1,935 ) 6,279 Gain on sales of property and equipment, net (332 ) - (332 ) (266 ) (598 ) Operating loss (16,608 ) (4,126 ) (20,734 ) 5,025 (15,709 ) Other (income) expense Interest income (623 ) - (623 ) 53 (570 ) Interest expense 3,575 - 3,575 10 3,585 Equity in income (loss) of affiliates 306 - 306 (1,595 ) (1,289 ) Other income, net 1,382 - 1,382 (74 ) 1,308 Total other expense, net 4,640 - 4,640 (1,606 ) 3,034 Loss from continuing operations before income taxes (21,248 ) (4,126 ) (25,374 ) 6,631 (18,743 ) Provision for (benefit from) income taxes on continuing operations (5,331 ) (958 ) (6,289 ) 12,641 6,352 Net loss from continuing operations (15,917 ) (3,168 ) (19,085 ) (6,010 ) (25,095 ) Net Income (loss) from discontinued operations 6,096 (12,106 ) (6,010 ) 6,010 - Net loss (9,821 ) (15,274 ) (25,095 ) - (25,095 ) Amount attributable to non-controlling interests (3,118 ) 1,480 (1,638 ) - (1,638 ) Net loss attributable to Granite Construction Incorporated from continuing operations (19,035 ) (1,688 ) (20,723 ) (6,010 ) (26,733 ) Net income (loss) attributable to Granite Construction Incorporated from discontinued operations 6,096 (12,106 ) (6,010 ) 6,010 - Net loss attributable to Granite Construction Incorporated $ (12,939 ) $ (13,794 ) $ (26,733 ) $ - $ (26,733 ) Net income (loss) per share attributable to common shareholders Basic continuing operations per share $ (0.42 ) $ (0.03 ) $ (0.45 ) $ (0.13 ) $ (0.58 ) Basic discontinued operations per share 0.13 (0.26 ) (0.13 ) 0.13 - Basic loss per share $ (0.29 ) $ (0.29 ) $ (0.58 ) $ - $ (0.58 ) Diluted continuing operations per share $ (0.42 ) $ (0.03 ) $ (0.45 ) $ (0.13 ) $ (0.58 ) Diluted discontinued operations per share 0.13 (0.26 ) (0.13 ) 0.13 - Diluted loss per share $ (0.29 ) $ (0.29 ) $ (0.58 ) $ - $ (0.58 ) Weighted average shares outstanding: Basic 45,730 - 45,730 - 45,730 Diluted 45,730 - 45,730 - 45,730 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Three months ended March 31, 2022 As Previously Reported Restatement Impacts As Restated Operating activities Net loss $ (9,821 ) $ (15,274 ) $ (25,095 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation, depletion and amortization 16,737 - 16,737 Amortization related to long-term debt 652 - 652 Gain on sale of business (6,234 ) 2,956 (3,278 ) Gain on sales of property and equipment, net (598 ) - (598 ) Deferred income taxes 2,545 - 2,545 Stock-based compensation 2,614 - 2,614 Equity in net loss from unconsolidated joint ventures 3,627 - 3,627 Net income from affiliates (1,289 ) - (1,289 ) Other non-cash adjustments (299 ) - (299 ) Changes in assets and liabilities: Receivables 85,957 - 85,957 Contract assets, net (72,632 ) 2,813 (69,819 ) Inventories (13,805 ) - (13,805 ) Contributions to unconsolidated construction joint ventures (12,840 ) - (12,840 ) Distributions from unconsolidated construction joint ventures and affiliates 250 - 250 Other assets, net 1,264 8,388 9,652 Accounts payable (44,028 ) - (44,028 ) Accrued expenses and other liabilities, net (2,280 ) 1,117 (1,163 ) Net cash used in operating activities $ (50,180 ) $ - $ (50,180 )

Note 4 - Revisions in Estimates

Note 4 - Revisions in Estimates	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Revisions in Estimates [Text Block]	4. Revisions in Estimates Our profit recognition related to construction contracts is based on estimates of transaction price and costs to complete each project. These estimates can vary significantly in the normal course of business as projects progress, circumstances develop and evolve, and uncertainties are resolved. Changes in estimates of transaction price and costs to complete may may may When we experience significant revisions in our estimates, we undergo a process that includes reviewing the nature of the changes to ensure that there are no no not In our review of these changes for the three March 31, 2023 2022 not There were no increases from revisions in estimates, which individually had an impact of $5.0 million or more on gross profit for the three March 31, 2023 2022 There were no decreases from revisions in estimates, which individually had an impact of $5.0 million or more on gross profit for the three March 31, 2022 The projects with decreases from revisions in estimates during the three March 31, 2023, Three Months Ended March 31, 2023 Number of projects with downward estimate changes 2 Range of reduction in gross profit from each project, net $ 6.2 - 11.4 Decrease to project profitability, net $ 17.6 Decrease to net income/increase to net loss $ 13.1 Amounts attributable to non-controlling interests $ 5.7 Decrease to net income/increase to net loss attributable to Granite Construction Incorporated $ 7.5 Decrease to net income/increase to net loss per diluted share attributable to common shareholders $ 0.17 The decreases during the three March 31, 2023

Note 5 - Disaggregation of Reve

Note 5 - Disaggregation of Revenue	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Disaggregation Of Revenue [Text Block]	5.   Disaggregation of Revenue We disaggregate our revenue based on our reportable segments (see Note 18 Three Months Ended March 31, 2023 Construction Materials Total California $ 148,947 $ 30,138 $ 179,085 Central 171,002 11,556 182,558 Mountain 183,467 14,958 198,425 Total $ 503,416 $ 56,652 $ 560,068 2022 (As Restated and Recast) Construction Materials Total California $ 146,309 $ 45,687 $ 191,996 Central 219,894 10,362 230,256 Mountain 212,063 19,571 231,634 Total $ 578,266 $ 75,620 $ 653,886

Note 6 - Unearned Revenue

Note 6 - Unearned Revenue	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Unearned Revenue From Unsatisfied Performance Obligations [Text Block]	6.   Unearned Revenue The following table presents our unearned revenue as of the respective periods: (in thousands) March 31, 2023 December 31, 2022 California $ 1,011,489 $ 945,971 Central 1,437,759 1,444,983 Mountain 714,320 486,524 Total $ 3,163,568 $ 2,877,478 All unearned revenue is in the Construction segment. Approximately $2.1 billion of March 31, 2023 nearned revenue is expected to be recognized within the next twelve

Note 7 - Contract Assets and Li

Note 7 - Contract Assets and Liabilities	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	7.   Contract Assets and Liabilities As a result of changes in contract transaction price related to performance obligations that were satisfied or partially satisfied prior to the end of the periods, we recognized revenue of $44.2 million and $35.2 million during the three March 31, 2023 2022 three March 31, 2023 2022 As of March 31, 2023 December 31, 2022 The components of the contract asset balances as of the respective dates were as follows: (in thousands) March 31, 2023 December 31, 2022 Costs in excess of billings and estimated earnings $ 125,918 $ 80,357 Contract retention 162,228 161,559 Total contract assets $ 288,146 $ 241,916 As of March 31, 2023 December 31, 2022 No 10% one As work is performed, revenue is recognized and the corresponding contract liabilities are reduced. We recognized revenue of $123.0 million and $166.6 million during the three March 31, 2023 2022 December 31, 2022 2021 The components of the contract liability balances as of the respective dates were as follows: (in thousands) March 31, 2023 December 31, 2022 Billings in excess of costs and estimated earnings, net of retention $ 141,702 $ 152,294 Provisions for losses 18,543 20,992 Total contract liabilities $ 160,245 $ 173,286

Note 8 - Receivables, Net

Note 8 - Receivables, Net	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Financing Receivables [Text Block]	8. Receivables include billed and unbilled amounts for services provided to clients for which we have an unconditional right to payment as of the end of the applicable period and generally do not (in thousands) March 31, 2023 December 31, 2022 Contracts completed and in progress: Billed $ 190,635 $ 220,809 Unbilled 108,931 120,348 Total contracts completed and in progress 299,566 341,157 Materials sales 31,955 52,182 Other 66,807 71,790 Total gross receivables 398,328 465,129 Less: allowance for credit losses 1,097 1,142 Total net receivables $ 397,231 $ 463,987 Included in other receivables at March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 one None March 31, 2023 December 31, 2022

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9.   Fair Value Measurement The following tables summarize significant assets and liabilities measured at fair value in the condensed consolidated balance sheets on a recurring basis for each of the fair value levels (in thousands): Fair Value Measurement at Reporting Date Using March 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 42,821 $ — $ — $ 42,821 Total assets $ 42,821 $ — $ — $ 42,821 Accrued and other current liabilities Diesel collars $ — $ 934 $ — $ 934 Commodity swaps — 138 — 138 Total liabilities $ — $ 1,072 $ — $ 1,072 December 31, 2022 Cash equivalents Money market funds $ 99,806 $ — $ — $ 99,806 Other current assets Commodity swaps — 121 — 121 Total assets $ 99,806 $ 121 $ — $ 99,927 Commodity Derivatives As of March 31, 2023 December 31, 2022, October 31, 2023. three March 31, 2023 three March 31, 2022 During the three March 31, 2023 not September 2024 three March 31, 2023 Other Assets and Liabilities The carrying values and estimated fair values of financial instruments that are not March 31, 2023 December 31, 2022 (in thousands) Fair Value Hierarchy Carrying Value Fair Value Carrying Value Fair Value Assets: Held-to-maturity marketable securities (1) Level 1 $ 56,329 $ 55,272 $ 65,943 $ 64,584 Liabilities (including current maturities): 2.75 Level 2 $ 230,000 $ 311,880 $ 230,000 $ 281,365 Credit Agreement - revolver (2) Level 3 $ 50,000 $ 49,110 $ 50,000 $ 49,536 ( 1 March 31, 2023 December 31, 2022 two three ( 2 2024 "2.75% 14 2.75% During the three March 31, 2023 2022 not

Note 10 - Construction Joint Ve

Note 10 - Construction Joint Ventures	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Construction Joint Ventures [Text Block]	10.   Construction Joint Ventures We participate in various construction joint ventures. We have determined that certain of these joint ventures are consolidated because they are variable interest entities (“VIEs”) and we are the primary beneficiary. We continually evaluate whether there are changes in the status of the VIEs or changes to the primary beneficiary designation of the VIE. Based on our assessments during the three March 31, 2023 no Due to the joint and several nature of the performance obligations under the related owner contracts, if any of our partners fail to perform, we and the remaining partners, if any, would be responsible for performance of the outstanding work (i.e., we provide a performance guarantee). At March 31, 2023 not may 13 Consolidated Construction Joint Ventures (“CCJVs”) At March 31, 2023 March 31, 2023 three March 31, 2023 2022 three March 31, 2023 2022 Unconsolidated Construction Joint Ventures As of March 31, 2023 seven March 31, 2023 The following is summary financial information related to unconsolidated construction joint ventures: (in thousands) March 31, 2023 December 31, 2022 Assets Cash, cash equivalents and marketable securities $ 110,403 $ 130,635 Other current assets (1) 689,945 681,221 Noncurrent assets 71,603 76,204 Less partners’ interest 596,487 604,741 Granite’s interest (1),(2) $ 275,464 $ 283,319 Liabilities Current liabilities $ 236,063 $ 244,411 Less partners’ interest and adjustments (3) 128,166 130,911 Granite’s interest $ 107,897 $ 113,500 Equity in construction joint ventures (4) $ 167,567 $ 169,819 ( 1 March 31, 2023 December 31, 2022 13 ( 2 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 ( 3 ( 4 March 31, 2023 December 31, 2022 Three Months Ended March 31, (in thousands) 2023 2022 Revenue Total $ 38,174 $ 161,139 Less partners’ interest and adjustments (1) 23,329 111,484 Granite’s interest $ 14,845 $ 49,655 Cost of revenue Total $ 44,371 $ 157,921 Less partners’ interest and adjustments (1) 30,404 104,652 Granite’s interest 13,967 53,269 Granite’s interest in gross profit (loss) $ 878 $ (3,614 ) Net Income (Loss) Total $ (5,654 ) $ 3,167 Less partners’ interest and adjustments (1) (6,565 ) 6,794 Granite’s interest in net income (loss) (2) $ 911 $ (3,627 ) ( 1 ( 2

Note 11 - Investments in Affili

Note 11 - Investments in Affiliates	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	11.   Investments in Affiliates Our investments in affiliates balance consists of equity method investments in the following types of entities: (in thousands) March 31, 2023 December 31, 2022 Foreign $ 61,919 $ 58,579 Real estate 8,022 8,517 Asphalt terminal 13,394 13,629 Total investments in affiliates $ 83,335 $ 80,725 The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis: (in thousands) March 31, 2023 December 31, 2022 Current assets $ 197,485 $ 194,210 Noncurrent assets 176,039 172,560 Total assets $ 373,524 $ 366,770 Current liabilities $ 102,546 $ 106,780 Long-term liabilities (1) 62,881 59,356 Total liabilities $ 165,427 $ 166,136 Net assets $ 208,097 $ 200,634 Granite’s share of net assets $ 83,335 $ 80,725 ( 1 Of the $373.5 million of total affiliate assets as of March 31, 2023 two March 31, 2023 December 31, 2022 March 31, 2023 March 31, 2023

Note 12 - Property and Equipmen

Note 12 - Property and Equipment, Net	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	12.   Property and Equipment, net Balances of major classes of assets and total accumulated depreciation and depletion are included in property and equipment, net in the condensed consolidated balance sheets as follows: (in thousands) March 31, 2023 December 31, 2022 Equipment and vehicles $ 1,016,327 $ 994,602 Quarry property 226,682 219,843 Land and land improvements 107,816 105,733 Buildings and leasehold improvements 105,190 103,658 Office furniture and equipment 83,860 82,465 Property and equipment 1,539,875 1,506,301 Less: accumulated depreciation and depletion 1,008,418 997,091 Property and equipment, net $ 531,457 $ 509,210

Note 13 - Accrued Expenses and

Note 13 - Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	13.  Accrued Expenses and Other Current Liabilities (in thousands) March 31, 2023 December 31, 2022 Accrued insurance $ 84,156 $ 78,427 Deficits in unconsolidated construction joint ventures 14,496 13,989 Payroll and related employee benefits 63,072 80,910 Performance guarantees 58,190 64,703 Short-term lease liabilities 17,552 18,662 Other 29,075 31,778 Total $ 266,541 $ 288,469 The decrease in performance guarantees in the current year is due to receiving customer acceptance on two three March 31, 2023 Other includes dividends payable, warranty reserves, asset retirement obligations, remediation reserves and other miscellaneous accruals, none 5%

Note 14 - Long-term Debt and Cr

Note 14 - Long-term Debt and Credit Arrangements	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	14.   Long-Term Debt and Credit Arrangements (in thousands) March 31, 2023 December 31, 2022 2.75 $ 230,000 $ 230,000 Credit Agreement - revolver 50,000 50,000 Other, net of debt issuance costs 8,456 8,381 Total debt $ 288,456 $ 288,381 Less current maturities 1,456 1,447 Total long-term debt $ 287,000 $ 286,934 I n June 2022, June 2, 2027. five twelve As of March 31, 2023 , the total unused availability under the Credit Agreement was $ million, resulting from $ million in issued and outstanding letters of credit and $50.0 million drawn under the Revolver. The letters of credit had expiration dates between April 2023 and December 2026 . As of March 31, 2023 , the applicable rate was for loans under the Credit Agreement bearing interest based on the Secured Overnight Financing Rate ("SOFR") and for loans bearing interest at the base rate. Accordingly, the effective interest rates at March 31, 2023 for SOFR and base rate loans were and , respectively. The Credit Agreement contains certain affirmative and restrictive covenants, and customary events of default. The financial covenants include a maximum Consolidated Leverage Ratio (as defined in the Credit Agreement) of 3.25 to 1.00 1.00. As of March 31, 2023 , the Consolidated Leverage Ratio was , which did not , which was above the minimum of 3.00. As of March 31, 2023 December 31, 2022, 2.75% 2.75% November 2019 November 1, 2024, 2.75% May 1, 2024 May 1, 2024, 2.75% second 2.75% $1,000 2.75% 2.75% 2.75% We have the option to redeem for cash all or any portion of the 2.75% may 2.75% not may 2.75% During both the three March 31, 2023 and 2022 , we recorded $ 0.3 million of amortization related to debt issuance costs.

Note 15 - Weighted Average Shar

Note 15 - Weighted Average Shares Outstanding and Net Loss Per Share	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	15. The following table presents a reconciliation of the weighted average shares of common stock used in calculating basic and diluted net loss per share as well as the calculation of basic and diluted net loss per share: Three Months Ended March 31, As Restated (in thousands, except per share amounts) 2023 2022 Numerator (basic and diluted) Net loss attributable to common shareholders $ (23,023 ) $ (26,733 ) Denominator Weighted average common shares outstanding, basic 43,764 45,730 Weighted average common shares outstanding, diluted 43,764 45,730 Net loss per share, basic $ (0.53 ) $ (0.58 ) Net loss per share, diluted $ (0.53 ) $ (0.58 ) Due to the net losses for the three March 31, 2023 2022

Note 16 - Income Taxes

Note 16 - Income Taxes	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	16.  Income Taxes The following table presents the provision for (benefit from) income taxes for the respective periods: Three Months Ended March 31, As Restated and Recast (dollars in thousands) 2023 2022 Provision for (benefit from) income taxes $ (9,469 ) $ 6,352 Effective tax rate 26.9 % (33.9 %) Our effective tax rate for the three March 31, 2023 first 2022.

Note 17 - Contingencies - Legal

Note 17 - Contingencies - Legal Proceedings	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	17.  Contingencies - Legal Proceedings Liabilities relating to legal proceedings and government inquiries, to the extent that we have concluded such liabilities are probable and the amounts of such liabilities are reasonably estimable, are recorded in the consolidated balance sheets. It is possible that future developments in our legal proceedings and inquiries could require us to (i) adjust or reverse existing accruals, or (ii) record new accruals that we did not not not not The total liabilities recorded as of March 31, 2023 December 31, 2022 Ordinary Course Legal Proceedings In the ordinary course of business, we and our affiliates are involved in various legal proceedings alleging, among other things, liability issues or breach of contract or tortious conduct in connection with the performance of services and/or materials provided, the various outcomes of which often cannot be predicted with certainty. For information on our accounting policies regarding affirmative claims and back charges that we are party to in the ordinary course of business, see Note 1 Some of the matters in which we or our joint ventures and affiliates are involved may not may Salesforce Tower Matter Our wholly-owned subsidiary, Layne Christensen Company ("Layne"), was a subcontractor on the foundation for the Salesforce Tower office building in San Francisco in 2013 2014. March 2014 2015. may 2014, July 20, 2021, On February 3, 2022 , Steadfast Insurance Company ( Steadfast ), a subrogee of Clark/Hathaway Dinwiddie, a Joint Venture ( CHDJV ) v. Layne Christensen Company ( Layne ) February 4, 2022, May 6, 2022, May 16, 2022, two May 24, 2023. not

Note 18 - Reportable Segment In

Note 18 - Reportable Segment Information	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	18.   Reportable Segment Information Our reportable segments are the same as our operating segments and correspond with how our chief operating decision maker, or decision-making group (our “CODM”), regularly reviews financial information to allocate resources and assess performance. We identified our CODM as our Chief Executive Officer and our Chief Operating Officer. Our reportable segments are: Construction and Materials. Summarized segment information is as follows (in thousands): Three months ended March 31, Construction Materials Total 2023 Total revenue from reportable segments $ 503,416 $ 71,920 $ 575,336 Elimination of intersegment revenue — (15,268 ) (15,268 ) Revenue from external customers $ 503,416 $ 56,652 $ 560,068 Gross profit (loss) $ 36,705 $ (4,346 ) $ 32,359 Depreciation, depletion and amortization $ 9,755 $ 6,122 $ 15,877 Segment assets as of period end $ 430,045 $ 390,741 $ 820,786 2022 (As Restated and Recast) Total revenue from reportable segments $ 578,266 $ 95,304 $ 673,570 Elimination of intersegment revenue — (19,684 ) (19,684 ) Revenue from external customers $ 578,266 $ 75,620 $ 653,886 Gross profit $ 58,479 $ 1,613 $ 60,092 Depreciation, depletion and amortization $ 7,794 $ 6,333 $ 14,127 Segment assets as of period end $ 363,029 $ 354,420 $ 717,449 A reconciliation of segment gross profit to consolidated loss before income taxes is as follows (in thousands): As Restated and Recast Three Months Ended March 31, 2023 2022 Total gross profit from reportable segments $ 32,359 $ 60,092 Selling, general and administrative expenses 73,122 70,120 Other costs, net 4,523 6,279 Gain on sales of property and equipment (2,037 ) (598 ) Total other (income) expense, net (8,008 ) 3,034 Loss before income taxes $ (35,241 ) $ (18,743 )

Note 3 - Restatement and Reca_2

Note 3 - Restatement and Recast (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Three months ended March 31, 2022 As Previously Reported Restatement Impacts As Restated Discontinued Operations Reclassification Impacts As Restated and Recast Revenue Construction $ 474,935 $ 1,893 $ 476,828 $ 101,438 $ 578,266 Materials 72,651 - 72,651 2,969 75,620 Total revenue 547,586 1,893 549,479 104,407 653,886 Cost of revenue Construction 426,743 6,019 432,762 87,025 519,787 Materials 71,068 - 71,068 2,939 74,007 Total cost of revenue 497,811 6,019 503,830 89,964 593,794 Gross profit 49,775 (4,126 ) 45,649 14,443 60,092 Selling, general and administrative expenses 58,501 - 58,501 11,619 70,120 Other costs, net 8,214 - 8,214 (1,935 ) 6,279 Gain on sales of property and equipment, net (332 ) - (332 ) (266 ) (598 ) Operating loss (16,608 ) (4,126 ) (20,734 ) 5,025 (15,709 ) Other (income) expense Interest income (623 ) - (623 ) 53 (570 ) Interest expense 3,575 - 3,575 10 3,585 Equity in income (loss) of affiliates 306 - 306 (1,595 ) (1,289 ) Other income, net 1,382 - 1,382 (74 ) 1,308 Total other expense, net 4,640 - 4,640 (1,606 ) 3,034 Loss from continuing operations before income taxes (21,248 ) (4,126 ) (25,374 ) 6,631 (18,743 ) Provision for (benefit from) income taxes on continuing operations (5,331 ) (958 ) (6,289 ) 12,641 6,352 Net loss from continuing operations (15,917 ) (3,168 ) (19,085 ) (6,010 ) (25,095 ) Net Income (loss) from discontinued operations 6,096 (12,106 ) (6,010 ) 6,010 - Net loss (9,821 ) (15,274 ) (25,095 ) - (25,095 ) Amount attributable to non-controlling interests (3,118 ) 1,480 (1,638 ) - (1,638 ) Net loss attributable to Granite Construction Incorporated from continuing operations (19,035 ) (1,688 ) (20,723 ) (6,010 ) (26,733 ) Net income (loss) attributable to Granite Construction Incorporated from discontinued operations 6,096 (12,106 ) (6,010 ) 6,010 - Net loss attributable to Granite Construction Incorporated $ (12,939 ) $ (13,794 ) $ (26,733 ) $ - $ (26,733 ) Net income (loss) per share attributable to common shareholders Basic continuing operations per share $ (0.42 ) $ (0.03 ) $ (0.45 ) $ (0.13 ) $ (0.58 ) Basic discontinued operations per share 0.13 (0.26 ) (0.13 ) 0.13 - Basic loss per share $ (0.29 ) $ (0.29 ) $ (0.58 ) $ - $ (0.58 ) Diluted continuing operations per share $ (0.42 ) $ (0.03 ) $ (0.45 ) $ (0.13 ) $ (0.58 ) Diluted discontinued operations per share 0.13 (0.26 ) (0.13 ) 0.13 - Diluted loss per share $ (0.29 ) $ (0.29 ) $ (0.58 ) $ - $ (0.58 ) Weighted average shares outstanding: Basic 45,730 - 45,730 - 45,730 Diluted 45,730 - 45,730 - 45,730 Three months ended March 31, 2022 As Previously Reported Restatement Impacts As Restated Operating activities Net loss $ (9,821 ) $ (15,274 ) $ (25,095 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation, depletion and amortization 16,737 - 16,737 Amortization related to long-term debt 652 - 652 Gain on sale of business (6,234 ) 2,956 (3,278 ) Gain on sales of property and equipment, net (598 ) - (598 ) Deferred income taxes 2,545 - 2,545 Stock-based compensation 2,614 - 2,614 Equity in net loss from unconsolidated joint ventures 3,627 - 3,627 Net income from affiliates (1,289 ) - (1,289 ) Other non-cash adjustments (299 ) - (299 ) Changes in assets and liabilities: Receivables 85,957 - 85,957 Contract assets, net (72,632 ) 2,813 (69,819 ) Inventories (13,805 ) - (13,805 ) Contributions to unconsolidated construction joint ventures (12,840 ) - (12,840 ) Distributions from unconsolidated construction joint ventures and affiliates 250 - 250 Other assets, net 1,264 8,388 9,652 Accounts payable (44,028 ) - (44,028 ) Accrued expenses and other liabilities, net (2,280 ) 1,117 (1,163 ) Net cash used in operating activities $ (50,180 ) $ - $ (50,180 )

Note 4 - Revisions in Estimat_2

Note 4 - Revisions in Estimates (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Change in Accounting Estimate [Table Text Block]	Three Months Ended March 31, 2023 Number of projects with downward estimate changes 2 Range of reduction in gross profit from each project, net $ 6.2 - 11.4 Decrease to project profitability, net $ 17.6 Decrease to net income/increase to net loss $ 13.1 Amounts attributable to non-controlling interests $ 5.7 Decrease to net income/increase to net loss attributable to Granite Construction Incorporated $ 7.5 Decrease to net income/increase to net loss per diluted share attributable to common shareholders $ 0.17

Note 5 - Disaggregation of Re_2

Note 5 - Disaggregation of Revenue (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	2023 Construction Materials Total California $ 148,947 $ 30,138 $ 179,085 Central 171,002 11,556 182,558 Mountain 183,467 14,958 198,425 Total $ 503,416 $ 56,652 $ 560,068 2022 (As Restated and Recast) Construction Materials Total California $ 146,309 $ 45,687 $ 191,996 Central 219,894 10,362 230,256 Mountain 212,063 19,571 231,634 Total $ 578,266 $ 75,620 $ 653,886

Note 6 - Unearned Revenue (Tabl

Note 6 - Unearned Revenue (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule Of Unearned Revenue [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 California $ 1,011,489 $ 945,971 Central 1,437,759 1,444,983 Mountain 714,320 486,524 Total $ 3,163,568 $ 2,877,478

Note 7 - Contract Assets and _2

Note 7 - Contract Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 Costs in excess of billings and estimated earnings $ 125,918 $ 80,357 Contract retention 162,228 161,559 Total contract assets $ 288,146 $ 241,916 (in thousands) March 31, 2023 December 31, 2022 Billings in excess of costs and estimated earnings, net of retention $ 141,702 $ 152,294 Provisions for losses 18,543 20,992 Total contract liabilities $ 160,245 $ 173,286

Note 8 - Receivables, Net (Tabl

Note 8 - Receivables, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 Contracts completed and in progress: Billed $ 190,635 $ 220,809 Unbilled 108,931 120,348 Total contracts completed and in progress 299,566 341,157 Materials sales 31,955 52,182 Other 66,807 71,790 Total gross receivables 398,328 465,129 Less: allowance for credit losses 1,097 1,142 Total net receivables $ 397,231 $ 463,987

Note 9 - Fair Value Measureme_2

Note 9 - Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Measurement at Reporting Date Using March 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 42,821 $ — $ — $ 42,821 Total assets $ 42,821 $ — $ — $ 42,821 Accrued and other current liabilities Diesel collars $ — $ 934 $ — $ 934 Commodity swaps — 138 — 138 Total liabilities $ — $ 1,072 $ — $ 1,072 December 31, 2022 Cash equivalents Money market funds $ 99,806 $ — $ — $ 99,806 Other current assets Commodity swaps — 121 — 121 Total assets $ 99,806 $ 121 $ — $ 99,927
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2023 December 31, 2022 (in thousands) Fair Value Hierarchy Carrying Value Fair Value Carrying Value Fair Value Assets: Held-to-maturity marketable securities (1) Level 1 $ 56,329 $ 55,272 $ 65,943 $ 64,584 Liabilities (including current maturities): 2.75 Level 2 $ 230,000 $ 311,880 $ 230,000 $ 281,365 Credit Agreement - revolver (2) Level 3 $ 50,000 $ 49,110 $ 50,000 $ 49,536

Note 10 - Construction Joint _2

Note 10 - Construction Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Unconsolidated Joint Ventures Assets and Liabilities [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 Assets Cash, cash equivalents and marketable securities $ 110,403 $ 130,635 Other current assets (1) 689,945 681,221 Noncurrent assets 71,603 76,204 Less partners’ interest 596,487 604,741 Granite’s interest (1),(2) $ 275,464 $ 283,319 Liabilities Current liabilities $ 236,063 $ 244,411 Less partners’ interest and adjustments (3) 128,166 130,911 Granite’s interest $ 107,897 $ 113,500 Equity in construction joint ventures (4) $ 167,567 $ 169,819
Schedule of Unconsolidated Joint Ventures Revenue and Costs [Table Text Block]	Three Months Ended March 31, (in thousands) 2023 2022 Revenue Total $ 38,174 $ 161,139 Less partners’ interest and adjustments (1) 23,329 111,484 Granite’s interest $ 14,845 $ 49,655 Cost of revenue Total $ 44,371 $ 157,921 Less partners’ interest and adjustments (1) 30,404 104,652 Granite’s interest 13,967 53,269 Granite’s interest in gross profit (loss) $ 878 $ (3,614 ) Net Income (Loss) Total $ (5,654 ) $ 3,167 Less partners’ interest and adjustments (1) (6,565 ) 6,794 Granite’s interest in net income (loss) (2) $ 911 $ (3,627 )

Note 11 - Investments in Affi_2

Note 11 - Investments in Affiliates (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Equity Method Investments [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 Foreign $ 61,919 $ 58,579 Real estate 8,022 8,517 Asphalt terminal 13,394 13,629 Total investments in affiliates $ 83,335 $ 80,725
Equity Method Investment Summarized Balance Financial Information [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 Current assets $ 197,485 $ 194,210 Noncurrent assets 176,039 172,560 Total assets $ 373,524 $ 366,770 Current liabilities $ 102,546 $ 106,780 Long-term liabilities (1) 62,881 59,356 Total liabilities $ 165,427 $ 166,136 Net assets $ 208,097 $ 200,634 Granite’s share of net assets $ 83,335 $ 80,725

Note 12 - Property and Equipm_2

Note 12 - Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 Equipment and vehicles $ 1,016,327 $ 994,602 Quarry property 226,682 219,843 Land and land improvements 107,816 105,733 Buildings and leasehold improvements 105,190 103,658 Office furniture and equipment 83,860 82,465 Property and equipment 1,539,875 1,506,301 Less: accumulated depreciation and depletion 1,008,418 997,091 Property and equipment, net $ 531,457 $ 509,210

Note 13 - Accrued Expenses an_2

Note 13 - Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 Accrued insurance $ 84,156 $ 78,427 Deficits in unconsolidated construction joint ventures 14,496 13,989 Payroll and related employee benefits 63,072 80,910 Performance guarantees 58,190 64,703 Short-term lease liabilities 17,552 18,662 Other 29,075 31,778 Total $ 266,541 $ 288,469

Note 14 - Long-term Debt and _2

Note 14 - Long-term Debt and Credit Arrangements (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	(in thousands) March 31, 2023 December 31, 2022 2.75 $ 230,000 $ 230,000 Credit Agreement - revolver 50,000 50,000 Other, net of debt issuance costs 8,456 8,381 Total debt $ 288,456 $ 288,381 Less current maturities 1,456 1,447 Total long-term debt $ 287,000 $ 286,934

Note 15 - Weighted Average Sh_2

Note 15 - Weighted Average Shares Outstanding and Net Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, As Restated (in thousands, except per share amounts) 2023 2022 Numerator (basic and diluted) Net loss attributable to common shareholders $ (23,023 ) $ (26,733 ) Denominator Weighted average common shares outstanding, basic 43,764 45,730 Weighted average common shares outstanding, diluted 43,764 45,730 Net loss per share, basic $ (0.53 ) $ (0.58 ) Net loss per share, diluted $ (0.53 ) $ (0.58 )

Note 16 - Income Taxes (Tables)

Note 16 - Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months Ended March 31, As Restated and Recast (dollars in thousands) 2023 2022 Provision for (benefit from) income taxes $ (9,469 ) $ 6,352 Effective tax rate 26.9 % (33.9 %)

Note 18 - Reportable Segment _2

Note 18 - Reportable Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended March 31, Construction Materials Total 2023 Total revenue from reportable segments $ 503,416 $ 71,920 $ 575,336 Elimination of intersegment revenue — (15,268 ) (15,268 ) Revenue from external customers $ 503,416 $ 56,652 $ 560,068 Gross profit (loss) $ 36,705 $ (4,346 ) $ 32,359 Depreciation, depletion and amortization $ 9,755 $ 6,122 $ 15,877 Segment assets as of period end $ 430,045 $ 390,741 $ 820,786 2022 (As Restated and Recast) Total revenue from reportable segments $ 578,266 $ 95,304 $ 673,570 Elimination of intersegment revenue — (19,684 ) (19,684 ) Revenue from external customers $ 578,266 $ 75,620 $ 653,886 Gross profit $ 58,479 $ 1,613 $ 60,092 Depreciation, depletion and amortization $ 7,794 $ 6,333 $ 14,127 Segment assets as of period end $ 363,029 $ 354,420 $ 717,449
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	As Restated and Recast Three Months Ended March 31, 2023 2022 Total gross profit from reportable segments $ 32,359 $ 60,092 Selling, general and administrative expenses 73,122 70,120 Other costs, net 4,523 6,279 Gain on sales of property and equipment (2,037 ) (598 ) Total other (income) expense, net (8,008 ) 3,034 Loss before income taxes $ (35,241 ) $ (18,743 )

Note 1 - General (Details Textu

Note 1 - General (Details Textual) $ in Millions	Apr. 24, 2023 USD ($)
CMR [Member] | Subsequent Event [Member]
Payments to Acquire Businesses, Gross	$ 27

Note 3 - Restatement and Reca_3

Note 3 - Restatement and Recast (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($)
Inliner [Member]
Effective Income Tax Rate Reconciliation, Disposition of Business, Amount	$ 12.3

Note 3 - Restatement and Reca_4

Note 3 - Restatement and Recast - Schedule of Condensed Consolidated Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue
Total revenue	$ 560,068	$ 653,886
Cost of revenue
Total cost of revenue	527,709	593,794
Gross profit	32,359	60,092
Selling, general and administrative expenses	73,122	70,120
Other costs, net	4,523	6,279
Gain on sales of property and equipment, net	(2,037)	(598)
Operating loss	(43,249)	(15,709)
Other (income) expense
Interest income	(3,762)	(570)
Interest expense	2,891	3,585
Equity in income (loss) of affiliates	(5,187)	(1,289)
Other income, net	(1,950)	1,308
Total other expense, net	(8,008)	3,034
Loss from continuing operations before income taxes	(35,241)	(18,743)
Provision for (benefit from) income taxes on continuing operations	(9,469)	6,352
Net loss from continuing operations		(25,095)
Net Income (loss) from discontinued operations		0
Net loss	(25,772)	(25,095)
Amount attributable to non-controlling interests	2,749	(1,638)
Net loss attributable to Granite Construction Incorporated from continuing operations		(26,733)
Net income (loss) attributable to Granite Construction Incorporated from discontinued operations		0
Net loss attributable to Granite Construction Incorporated	$ (23,023)	$ (26,733)
Net income (loss) per share attributable to common shareholders
Basic continuing operations per share (in dollars per share)		$ (0.58)
Basic discontinued operations per share (in dollars per share)		0
Basic loss per share (in dollars per share)	$ (0.53)	(0.58)
Diluted continuing operations per share (in dollars per share)		(0.58)
Diluted discontinued operations per share (in dollars per share)		0
Diluted loss per share (in dollars per share)	$ (0.53)	$ (0.58)
Basic (in shares)	43,764	45,730
Diluted (in shares)	43,764	45,730
Operating activities
Net loss	$ (25,772)	$ (25,095)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and amortization	19,733	16,737
Amortization related to long-term debt	472	652
Gain on sale of business	0	(3,278)
Gain on sales of property and equipment, net	(2,037)	(598)
Deferred income taxes	0	2,545
Stock-based compensation	4,828	2,614
Equity in net loss from unconsolidated joint ventures	(911)	3,627
Net income from affiliates		(1,289)
Other non-cash adjustments	(151)	(299)
Changes in assets and liabilities:
Receivables	66,800	85,957
Contract assets, net	(59,307)	(69,819)
Inventories	(11,083)	(13,805)
Contributions to unconsolidated construction joint ventures	(3,350)	(12,840)
Distributions from unconsolidated construction joint ventures and affiliates	2,478	250
Other assets, net	(5,724)	9,652
Accounts payable	(42,955)	(44,028)
Accrued expenses and other liabilities, net	(14,522)	(1,163)
Net cash used in operating activities	(76,688)	(50,180)
Previously Reported Before Reclassification [Member]
Revenue
Total revenue		547,586
Cost of revenue
Total cost of revenue		497,811
Gross profit		49,775
Selling, general and administrative expenses		58,501
Other costs, net		8,214
Gain on sales of property and equipment, net		(332)
Operating loss		(16,608)
Other (income) expense
Interest income		(623)
Interest expense		3,575
Equity in income (loss) of affiliates		306
Other income, net		1,382
Total other expense, net		4,640
Loss from continuing operations before income taxes		(21,248)
Provision for (benefit from) income taxes on continuing operations		(5,331)
Net loss from continuing operations		(15,917)
Net Income (loss) from discontinued operations		6,096
Net loss		(9,821)
Amount attributable to non-controlling interests		(3,118)
Net loss attributable to Granite Construction Incorporated from continuing operations		(19,035)
Net income (loss) attributable to Granite Construction Incorporated from discontinued operations		6,096
Net loss attributable to Granite Construction Incorporated		$ (12,939)
Net income (loss) per share attributable to common shareholders
Basic continuing operations per share (in dollars per share)		$ (0.42)
Basic discontinued operations per share (in dollars per share)		0.13
Basic loss per share (in dollars per share)		(0.29)
Diluted continuing operations per share (in dollars per share)		(0.42)
Diluted discontinued operations per share (in dollars per share)		0.13
Diluted loss per share (in dollars per share)		$ (0.29)
Basic (in shares)		45,730
Diluted (in shares)		45,730
Operating activities
Net loss		$ (9,821)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on sales of property and equipment, net		(332)
Revision of Prior Period, Adjustment [Member]
Revenue
Total revenue		1,893
Cost of revenue
Total cost of revenue		6,019
Gross profit		(4,126)
Selling, general and administrative expenses		0
Other costs, net		0
Gain on sales of property and equipment, net		0
Operating loss		(4,126)
Other (income) expense
Interest income		0
Interest expense		0
Equity in income (loss) of affiliates		0
Other income, net		0
Total other expense, net		0
Loss from continuing operations before income taxes		(4,126)
Provision for (benefit from) income taxes on continuing operations		(958)
Net loss from continuing operations		(3,168)
Net Income (loss) from discontinued operations		(12,106)
Net loss		(15,274)
Amount attributable to non-controlling interests		1,480
Net loss attributable to Granite Construction Incorporated from continuing operations		(1,688)
Net income (loss) attributable to Granite Construction Incorporated from discontinued operations		(12,106)
Net loss attributable to Granite Construction Incorporated		$ (13,794)
Net income (loss) per share attributable to common shareholders
Basic continuing operations per share (in dollars per share)		$ (0.03)
Basic discontinued operations per share (in dollars per share)		(0.26)
Basic loss per share (in dollars per share)		(0.29)
Diluted continuing operations per share (in dollars per share)		(0.03)
Diluted discontinued operations per share (in dollars per share)		(0.26)
Diluted loss per share (in dollars per share)		$ (0.29)
Basic (in shares)		0
Diluted (in shares)		0
Operating activities
Net loss		$ (15,274)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and amortization		0
Amortization related to long-term debt		0
Gain on sale of business		2,956
Gain on sales of property and equipment, net		0
Deferred income taxes		0
Stock-based compensation		0
Equity in net loss from unconsolidated joint ventures		0
Net income from affiliates		0
Other non-cash adjustments		0
Changes in assets and liabilities:
Receivables		0
Contract assets, net		2,813
Inventories		0
Contributions to unconsolidated construction joint ventures		0
Distributions from unconsolidated construction joint ventures and affiliates		0
Other assets, net		8,388
Accounts payable		0
Accrued expenses and other liabilities, net		1,117
Net cash used in operating activities		0
Revision of Prior Period, Adjustment [Member] | Discontinued Operations, Disposed of by Sale [Member]
Revenue
Total revenue		104,407
Cost of revenue
Total cost of revenue		89,964
Gross profit		14,443
Selling, general and administrative expenses		11,619
Other costs, net		(1,935)
Gain on sales of property and equipment, net		(266)
Operating loss		5,025
Other (income) expense
Interest income		53
Interest expense		10
Equity in income (loss) of affiliates		(1,595)
Other income, net		(74)
Total other expense, net		(1,606)
Loss from continuing operations before income taxes		6,631
Provision for (benefit from) income taxes on continuing operations		12,641
Net loss from continuing operations		(6,010)
Net Income (loss) from discontinued operations		6,010
Net loss		0
Amount attributable to non-controlling interests		0
Net loss attributable to Granite Construction Incorporated from continuing operations		(6,010)
Net income (loss) attributable to Granite Construction Incorporated from discontinued operations		6,010
Net loss attributable to Granite Construction Incorporated		$ 0
Net income (loss) per share attributable to common shareholders
Basic continuing operations per share (in dollars per share)		$ (0.13)
Basic discontinued operations per share (in dollars per share)		0.13
Basic loss per share (in dollars per share)		0
Diluted continuing operations per share (in dollars per share)		(0.13)
Diluted discontinued operations per share (in dollars per share)		0.13
Diluted loss per share (in dollars per share)		$ 0
Basic (in shares)		0
Diluted (in shares)		0
Operating activities
Net loss		$ 0
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on sales of property and equipment, net		(266)
Restated Before Recasting [Member]
Revenue
Total revenue		549,479
Cost of revenue
Total cost of revenue		503,830
Gross profit		45,649
Selling, general and administrative expenses		58,501
Other costs, net		8,214
Gain on sales of property and equipment, net		(332)
Operating loss		(20,734)
Other (income) expense
Interest income		(623)
Interest expense		3,575
Equity in income (loss) of affiliates		306
Other income, net		1,382
Total other expense, net		4,640
Loss from continuing operations before income taxes		(25,374)
Provision for (benefit from) income taxes on continuing operations		(6,289)
Net loss from continuing operations		(19,085)
Net Income (loss) from discontinued operations		(6,010)
Net loss		(25,095)
Amount attributable to non-controlling interests		(1,638)
Net loss attributable to Granite Construction Incorporated from continuing operations		(20,723)
Net income (loss) attributable to Granite Construction Incorporated from discontinued operations		(6,010)
Net loss attributable to Granite Construction Incorporated		$ (26,733)
Net income (loss) per share attributable to common shareholders
Basic continuing operations per share (in dollars per share)		$ (0.45)
Basic discontinued operations per share (in dollars per share)		(0.13)
Basic loss per share (in dollars per share)		(0.58)
Diluted continuing operations per share (in dollars per share)		(0.45)
Diluted discontinued operations per share (in dollars per share)		(0.13)
Diluted loss per share (in dollars per share)		$ (0.58)
Basic (in shares)		45,730
Diluted (in shares)		45,730
Operating activities
Net loss		$ (25,095)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on sales of property and equipment, net		(332)
Previously Reported [Member]
Cost of revenue
Gain on sales of property and equipment, net		(598)
Other (income) expense
Net loss		(9,821)
Operating activities
Net loss		(9,821)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and amortization		16,737
Amortization related to long-term debt		652
Gain on sale of business		(6,234)
Gain on sales of property and equipment, net		(598)
Deferred income taxes		2,545
Stock-based compensation		2,614
Equity in net loss from unconsolidated joint ventures		3,627
Net income from affiliates		(1,289)
Other non-cash adjustments		(299)
Changes in assets and liabilities:
Receivables		85,957
Contract assets, net		(72,632)
Inventories		(13,805)
Contributions to unconsolidated construction joint ventures		(12,840)
Distributions from unconsolidated construction joint ventures and affiliates		250
Other assets, net		1,264
Accounts payable		(44,028)
Accrued expenses and other liabilities, net		(2,280)
Net cash used in operating activities		(50,180)
Construction [Member]
Revenue
Total revenue	503,416	578,266
Cost of revenue
Total cost of revenue	466,711	519,787
Construction [Member] | Previously Reported Before Reclassification [Member]
Revenue
Total revenue		474,935
Cost of revenue
Total cost of revenue		426,743
Construction [Member] | Revision of Prior Period, Adjustment [Member]
Revenue
Total revenue		1,893
Cost of revenue
Total cost of revenue		6,019
Construction [Member] | Revision of Prior Period, Adjustment [Member] | Discontinued Operations, Disposed of by Sale [Member]
Revenue
Total revenue		101,438
Cost of revenue
Total cost of revenue		87,025
Construction [Member] | Restated Before Recasting [Member]
Revenue
Total revenue		476,828
Cost of revenue
Total cost of revenue		432,762
Materials [Member]
Revenue
Total revenue	56,652	75,620
Cost of revenue
Total cost of revenue	$ 60,998	74,007
Materials [Member] | Previously Reported Before Reclassification [Member]
Revenue
Total revenue		72,651
Cost of revenue
Total cost of revenue		71,068
Materials [Member] | Revision of Prior Period, Adjustment [Member]
Revenue
Total revenue		0
Cost of revenue
Total cost of revenue		0
Materials [Member] | Revision of Prior Period, Adjustment [Member] | Discontinued Operations, Disposed of by Sale [Member]
Revenue
Total revenue		2,969
Cost of revenue
Total cost of revenue		2,939
Materials [Member] | Restated Before Recasting [Member]
Revenue
Total revenue		72,651
Cost of revenue
Total cost of revenue		$ 71,068

Note 4 - Revisions in Estimat_3

Note 4 - Revisions in Estimates (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gross Profit	$ 32,359	$ 60,092
Revisions in Estimates [Member]
Increases (Decrease) From Revisions in Accounting Estimates	0	0
Revisions in Estimates, Increase [Member]
Gross Profit	5,000	5,000
Revisions in Estimates, Decrease [Member]
Gross Profit	$ 5,000	$ 5,000

Note 4 - Revisions in Estimat_4

Note 4 - Revisions in Estimates - Summary of Impact of Revisions in Estimates to Gross Profit (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares	Mar. 31, 2022 USD ($) $ / shares
Range of reduction in gross profit from each project, net	$ 32,359	$ 60,092
Decrease to project profitability, net	(35,241)	(18,743)
Decrease to net income/increase to net loss	(25,772)	(25,095)
Decrease to net income/increase to net loss attributable to Granite Construction Incorporated	$ (23,023)	$ (26,733)
Decrease to net income/increase to net loss per diluted share attributable to common shareholders (in dollars per share) | $ / shares	$ (0.53)	$ (0.58)
Estimated Cost Recovery of Customer Affirmative Claims and Back Charges [Member]
Number of projects with downward estimate changes	2
Decrease to project profitability, net	$ 17,600
Decrease to net income/increase to net loss	13,100
Amounts attributable to non-controlling interests	5,700
Decrease to net income/increase to net loss attributable to Granite Construction Incorporated	$ 7,500
Decrease to net income/increase to net loss per diluted share attributable to common shareholders (in dollars per share) | $ / shares	$ 0.17
Estimated Cost Recovery of Customer Affirmative Claims and Back Charges [Member] | Minimum [Member]
Range of reduction in gross profit from each project, net	$ 6,200
Estimated Cost Recovery of Customer Affirmative Claims and Back Charges [Member] | Maximum [Member]
Range of reduction in gross profit from each project, net	$ 11,400

Note 5 - Disaggregation of Re_3

Note 5 - Disaggregation of Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue	$ 560,068	$ 653,886
Constructions [Member]
Revenue	503,416	578,266
Materials [Member]
Revenue	56,652	75,620
CALIFORNIA
Revenue	179,085	191,996
CALIFORNIA | Constructions [Member]
Revenue	148,947	146,309
CALIFORNIA | Materials [Member]
Revenue	30,138	45,687
Central [Member]
Revenue	182,558	230,256
Central [Member] | Constructions [Member]
Revenue	171,002	219,894
Central [Member] | Materials [Member]
Revenue	11,556	10,362
Mountain [Member]
Revenue	198,425	231,634
Mountain [Member] | Constructions [Member]
Revenue	183,467	212,063
Mountain [Member] | Materials [Member]
Revenue	$ 14,958	$ 19,571

Note 6 - Unearned Revenue (Deta

Note 6 - Unearned Revenue (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Amount	$ 3,163,568	$ 2,877,478
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Amount	$ 2,100,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	12 months

Note 6 - Unearned Revenue - Sch

Note 6 - Unearned Revenue - Schedule of Unearned Revenue (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Unearned Revenue	$ 3,163,568	$ 2,877,478
CALIFORNIA
Unearned Revenue	1,011,489	945,971
Central [Member]
Unearned Revenue	1,437,759	1,444,983
Mountain [Member]
Unearned Revenue	$ 714,320	$ 486,524

Note 7 - Contract Assets and _3

Note 7 - Contract Assets and Liabilities (Details Textual) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Aggregate Affirmative Claim Recovery Estimate Included in Contract Asset and Liability	$ 74		$ 75.8
Contract With Customer Liability, Revenue Recognized Including Opening Balance	$ 123	$ 166.6
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Brightline Trains Florida LLC [Member]
Concentration Risk, Percentage	10%		11.70%
Performance Obligations [Member]
Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price	$ 44.2	$ 35.2

Note 7 - Contract Assets and _4

Note 7 - Contract Assets and Liabilities - Component of Contract Asset and Liability Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Costs in excess of billings and estimated earnings	$ 125,918	$ 80,357
Contract retention	162,228	161,559
Total contract assets	288,146	241,916
Billings in excess of costs and estimated earnings, net of retention	141,702	152,294
Provisions for losses	18,543	20,992
Total contract liabilities	$ 160,245	$ 173,286

Note 8 - Receivables, Net (Deta

Note 8 - Receivables, Net (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Working Capital (Deficit)	$ 24.9
Percentage of Net Receivables, Individually, Maximum	10%
Loan to Partner in Joint Ventures [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	3%

Note 8 - Receivables, Net - Sch

Note 8 - Receivables, Net - Schedule of Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Gross receivables	$ 398,328	$ 465,129
Less: allowance for credit losses	1,097	1,142
Total net receivables	397,231	463,987
Completed and in Progress [Member]
Billed	190,635	220,809
Unbilled	108,931	120,348
Gross receivables	299,566	341,157
Material Sales [Member]
Gross receivables	31,955	52,182
Other Business Products and Services [Member]
Gross receivables	$ 66,807	$ 71,790

Note 9 - Fair Value Measureme_3

Note 9 - Fair Value Measurement (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Nov. 30, 2019
The 2.75% Convertible Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		2.75%	2.75%	2.75%
Commodity Contract [Member]
Derivative Liability, Notional Amount	$ 14	$ 7
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	3.3
Energy Related Derivative [Member] | Cost of Sales [Member] | Diesel [Member] | Designated as Hedging Instrument [Member]
Derivative, Gain (Loss) on Derivative, Net	$ (0.9)

Note 9 - Fair Value Measureme_4

Note 9 - Fair Value Measurement - Cash and Cash Equivalents (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Total liabilities	$ 1,072
Total assets		$ 99,927
Commodity Contract [Member]
Derivative liability	138
Commodity swaps		121
Energy Related Derivative [Member]
Derivative liability	934
Fair Value, Inputs, Level 1 [Member]
Total liabilities	0
Total assets		99,806
Fair Value, Inputs, Level 1 [Member] | Commodity Contract [Member]
Derivative liability	0
Commodity swaps		0
Fair Value, Inputs, Level 1 [Member] | Energy Related Derivative [Member]
Derivative liability	0
Fair Value, Inputs, Level 2 [Member]
Total liabilities	1,072
Total assets		121
Fair Value, Inputs, Level 2 [Member] | Commodity Contract [Member]
Derivative liability	138
Commodity swaps		121
Fair Value, Inputs, Level 2 [Member] | Energy Related Derivative [Member]
Derivative liability	934
Fair Value, Inputs, Level 3 [Member]
Total liabilities	0
Total assets		0
Fair Value, Inputs, Level 3 [Member] | Commodity Contract [Member]
Derivative liability	0
Commodity swaps		0
Fair Value, Inputs, Level 3 [Member] | Energy Related Derivative [Member]
Derivative liability	0
Money Market Funds [Member]
Cash equivalents	42,821	99,806
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Cash equivalents	42,821	99,806
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Cash equivalents	0	0
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Cash equivalents	$ 0	$ 0

Note 9 - Fair Value Measureme_5

Note 9 - Fair Value Measurement - Schedule of Carrying and Fair Value Amounts (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Held-to-maturity marketable securities (1)	[1]	$ 56,329	$ 65,943
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
2.75% Convertible Notes	[2]	230,000	230,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Credit Agreement - revolver (2)	[2]	50,000	50,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Held-to-maturity marketable securities (1)	[1]	55,272	64,584
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
2.75% Convertible Notes	[2]	311,880	281,365
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Credit Agreement - revolver (2)	[2]	$ 49,110	$ 49,536
[1]All marketable securities as of March 31, 2023 and December 31, 2022 were classified as held-to-maturity and consisted of U.S. Government and agency obligations and corporate commercial paper maturing in two months to three years.[2]The fair value of our 2.75% convertible senior notes due 2024 (the "2.75% Convertible Notes") is based on the median price of the notes in an active market. The fair value of the Fourth Amended and Restated Credit Agreement (the "Credit Agreement") is based on borrowing rates available to us for long-term loans with similar terms, average maturities, and credit risk. See Note 14 for more information about the 2.75% Convertible Notes and the Credit Agreement. During the three months ended March 31, 2023 and 2022, we did not record any fair value adjustments related to nonfinancial assets and liabilities measured at fair value on a nonrecurring basis.

Note 9 - Fair Value Measureme_6

Note 9 - Fair Value Measurement - Schedule of Carrying and Fair Value Amounts (Details) (Parentheticals)	Dec. 31, 2022	Mar. 31, 2022	Nov. 30, 2019
The 2.75% Convertible Notes [Member]
Interest Rate	2.75%	2.75%	2.75%

Note 10 - Construction Joint _3

Note 10 - Construction Joint Ventures (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Contract Value of Active Construction Joint Venture Projects	$ 2,300,000
Contract with Customer, Liability	160,245		$ 173,286
Revenue from Contract with Customer, Including Assessed Tax	560,068	$ 653,886
Retained Earnings (Accumulated Deficit)	452,583		481,384
Unconsolidated Construction Corporate Joint Venture [Member]
Contract with Customer, Liability	72,400
Consolidated Construction Corporate Joint Venture [Member]
Contract Value of Active Construction Joint Venture Projects	$ 1,000,000
Unconsolidated Construction Corporate Joint Venture [Member]
Number of Active Joint Venture Projects	7
Contract Value of Active Construction Joint Venture Projects	$ 7,900,000
Affirmative Claim Recovery Estimate	96,600		104,300
Back Charge Claims	2,600		2,700
Retained Earnings (Accumulated Deficit)	(14,500)		(14,000)
Minimum [Member] | Unconsolidated Construction Corporate Joint Venture [Member]
Contract with Customer, Liability	$ 3,200
Equity Method Investment, Ownership Percentage	23%
Minimum [Member] | Unconsolidated Construction Corporate Joint Venture [Member]
Contract Value of Active Construction Joint Venture Projects	$ 12,300
Maximum [Member] | Unconsolidated Construction Corporate Joint Venture [Member]
Contract with Customer, Liability	$ 34,400
Equity Method Investment, Ownership Percentage	50%
Maximum [Member] | Unconsolidated Construction Corporate Joint Venture [Member]
Contract Value of Active Construction Joint Venture Projects	$ 3,800,000
Variable Interest Entity, Primary Beneficiary [Member] | Consolidated Construction Corporate Joint Venture [Member]
Revenue from Contract with Customer, Including Assessed Tax	61,300	104,300
Net Cash Provided by (Used in) Continuing Operations	$ 24,800	$ 7,600
Variable Interest Entity, Primary Beneficiary [Member] | Minimum [Member] | Consolidated Construction Corporate Joint Venture [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	50%
Variable Interest Entity, Primary Beneficiary [Member] | Maximum [Member] | Consolidated Construction Corporate Joint Venture [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	70%
Consolidated Construction Corporate Joint Venture [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Number of Active Joint Venture Projects	11
Contract Value of Active Construction Joint Venture Projects	$ 1,700,000
Contract with Customer, Liability	181,300
Consolidated Construction Corporate Joint Venture [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Minimum [Member]
Contract Value of Active Construction Joint Venture Projects	6,100
Contract with Customer, Liability	900
Consolidated Construction Corporate Joint Venture [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Maximum [Member]
Contract Value of Active Construction Joint Venture Projects	432,500
Contract with Customer, Liability	85,100
Performance Guarantee [Member] | Unconsolidated Construction Corporate Joint Venture [Member]
Guarantor Obligations, Current Carrying Value	58,200		$ 64,700
Performance Guarantee [Member] | Unconsolidated Construction Corporate Joint Venture [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	109,400
Performance Guarantee [Member] | Co-venturer [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	135,800
Unconsolidated Construction Corporate Joint Venture [Member] | Performance Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 245,200

Note 10 - Construction Joint _4

Note 10 - Construction Joint Ventures - Unconsolidated Construction Joint Ventures Financial Information (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Cash, cash equivalents and marketable securities		$ 110,403	$ 130,635
Other current assets	[1]	689,945	681,221
Noncurrent assets		71,603	76,204
Current liabilities		236,063	244,411
Equity in construction joint ventures	[2]	167,567	169,819
Other Partners Interest in Partnerships [Member]
Unconsolidated construction joint venture assets		596,487	604,741
Unconsolidated construction joint venture assets		(596,487)	(604,741)
Unconsolidated construction joint venture liabilities	[3]	128,166	130,911
Reporting Entitys Interest in Joint Venture [Member]
Unconsolidated construction joint venture assets	[1],[4]	(275,464)	(283,319)
Unconsolidated construction joint venture assets	[1],[4]	275,464	283,319
Unconsolidated construction joint venture liabilities		$ 107,897	$ 113,500
[1]Included in this balance and in accrued expenses and other current liabilities on the condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022 was $58.2 million and $64.7 million, respectively, related to performance guarantees (see Note 13).[2]Included in this balance and in accrued expenses and other current liabilities on our condensed consolidated balance sheets was $14.5 million, and $14.0 million as of March 31, 2023 and December 31, 2022, respectively, related to deficits in unconsolidated construction joint ventures, which includes provisions for losses.[3]Partners’ interest and adjustments includes amounts to reconcile total net assets as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates primarily related to contract forecast differences.[4]Included in this balance as of March 31, 2023 and December 31, 2022 was $104.3 million and $104.3 million, respectively, related to Granite’s share of estimated cost recovery of customer affirmative claims. In addition, this balance included $2.6 million and $2.7 million related to Granite’s share of estimated recovery of back charge claims as of March 31, 2023 and December 31, 2022, respectively.

Note 10 - Construction Joint _5

Note 10 - Construction Joint Ventures - Schedule of Unconsolidated Construction Joint Ventures Revenue and Costs (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Cost of revenue		$ 527,709	$ 593,794
Decrease to net income/increase to net loss		(25,772)	(25,095)
Granite’s interest in net income (loss) (2)		911	(3,627)
Collaborative Arrangement [Member]
Revenue		14,845	49,655
Cost of revenue		13,967	53,269
Granite’s interest in gross profit (loss)		878	(3,614)
Granite’s interest in net income (loss) (2)	[1]	911	(3,627)
Collaborative Arrangement [Member] | Corporate Joint Venture [Member]
Revenue		38,174	161,139
Cost of revenue		44,371	157,921
Decrease to net income/increase to net loss		(5,654)	3,167
Collaborative Arrangement [Member] | Co-venturer [Member] | Other Partners Interest in Partnerships [Member]
Revenue	[2]	23,329	111,484
Cost of revenue	[2]	30,404	104,652
Decrease to net income/increase to net loss	[2]	$ (6,565)	$ 6,794
[1]These joint venture net income/(loss) amounts exclude our corporate overhead required to manage the joint ventures and include taxes only to the extent the applicable states have joint venture level taxes.[2]Partners’ interest and adjustments includes amounts to reconcile total revenue and total cost of revenue as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates primarily related to contract forecast and/or actual differences.

Note 11 - Investments in Affi_3

Note 11 - Investments in Affiliates (Details Textual) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Assets	$ 2,077,387	$ 2,167,933
Real Estate Entities [Member]
Number of Entities	2
Real Estate Entities [Member] | Minimum [Member]
Equity Method Investment, Ownership Percentage	10%
Real Estate Entities [Member] | Maximum [Member]
Equity Method Investment, Ownership Percentage	25%
Foreign Affiliates [Member] | Minimum [Member]
Equity Method Investment, Ownership Percentage	25%
Foreign Affiliates [Member] | Maximum [Member]
Equity Method Investment, Ownership Percentage	50%
Real Estate Entities [Member]
Assets	$ 373,500
Real Estate Entities One [Member]
Assets	73,300
Foreign Affiliates [Member]
Assets	269,700
Asphalt Terminal Entity [Member]
Assets	30,500
Real Estate Entities Two [Member]
Assets	$ 73,300

Note 11 - Investments in Affi_4

Note 11 - Investments in Affiliates - Equity Method Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Total investments in affiliates	$ 83,335	$ 80,725
Foreign Affiliates [Member]
Total investments in affiliates	61,919	58,579
Real Estate Entities [Member]
Total investments in affiliates	8,022	8,517
Asphalt Terminal Entity [Member]
Total investments in affiliates	$ 13,394	$ 13,629

Note 11 - Investments in Affi_5

Note 11 - Investments in Affiliates - Summarized Balance Sheet Information for Equity Method Investments (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Current assets		$ 1,246,235	$ 1,347,296
Total assets		2,077,387	2,167,933
Current liabilities		723,367	797,594
Granite’s share of net assets		83,335	80,725
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Current assets		197,485	194,210
Noncurrent assets		176,039	172,560
Total assets		373,524	366,770
Current liabilities		102,546	106,780
Long-term liabilities	[1]	62,881	59,356
Total liabilities		165,427	166,136
Net assets		$ 208,097	$ 200,634
[1]This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate investments.

Note 12 - Property and Equipm_3

Note 12 - Property and Equipment, Net - Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property and equipment, gross	$ 1,539,875	$ 1,506,301
Less: accumulated depreciation and depletion	1,008,418	997,091
Property and equipment, net	531,457	509,210
Equipment and Vehicles [Member]
Property and equipment, gross	1,016,327	994,602
Mining Properties and Mineral Rights [Member]
Property and equipment, gross	226,682	219,843
Land and Land Improvements [Member]
Property and equipment, gross	107,816	105,733
Building and Building Improvements [Member]
Property and equipment, gross	105,190	103,658
Furniture and Fixtures [Member]
Property and equipment, gross	$ 83,860	$ 82,465

Note 13 - Accrued Expenses an_3

Note 13 - Accrued Expenses and Other Current Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accrued insurance	$ 84,156	$ 78,427
Deficits in unconsolidated construction joint ventures	14,496	13,989
Payroll and related employee benefits	63,072	80,910
Performance guarantees	58,190	64,703
Short-term lease liabilities	17,552	18,662
Other	29,075	31,778
Total	$ 266,541	$ 288,469

Note 14 - Long-term Debt and _3

Note 14 - Long-term Debt and Credit Arrangements (Details Textual) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Nov. 30, 2019 USD ($) $ / shares	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022
The Credit Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 200
Line of Credit, Covenant, Minimum Cash Balance				150
Letters of Credit Outstanding, Amount		$ 30.5
Consolidated Leverage Ratio, Covenant Maximum		3.25
Consolidated Interest Covenant Ratio, Covenant Minimum		3
Consolidated Leverage Ratio, Actual		1.4
Consolidated Interest Coverage Ratio, Actual		15.7
The Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		1.50%
Debt Instrument, Interest Rate, Effective Percentage		6.41%
The Credit Agreement [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Debt Instrument, Interest Rate, Effective Percentage		8.50%
The Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 350
Debt Instrument, Term (Year)				5 years
Line Of Credit Facility, Accordion Feature, Percentage of EBITDA				100%
Line of Credit Facility, Remaining Borrowing Capacity		$ 269.5
Proceeds from Lines of Credit		50
The Credit Agreement [Member] | Financial Standby Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 75
The Credit Agreement [Member] | Swingline Loans [Member]
Debt Instrument, Covenant, Minimum Acquisition Cash Consideration for Leverage Ratio				$ 20
The 2.75% Convertible Notes [Member]
Debt Instrument, Face Amount	$ 230
Debt Instrument, Interest Rate, Stated Percentage	2.75%		2.75%		2.75%
Debt Instrument, Convertible, Conversion Ratio	31.7776
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares	$ 31.47
Debt Instrument, Convertible, Sale Price to Conversion Price, Percentage	130%
Debt Instrument, Redemption Price, Percentage Occurence of Fundamental Change	100%
Amortization of Debt Discount (Premium)		$ 0.3	$ 0.3

Note 14 - Long-term Debt and _4

Note 14 - Long-term Debt and Credit Arrangements - Schedule of Long-term Debt and Credit Agreement (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Total debt	$ 288,456	$ 288,381
Other, net of debt issuance costs	8,456	8,381
Less current maturities	1,456	1,447
Total long-term debt	287,000	286,934
Convertible Debt [Member] | The 2.75% Convertible Notes [Member]
Total debt	230,000	230,000
Line of Credit [Member] | The Credit Agreement [Member] | Revolving Credit Facility [Member]
Total debt	$ 50,000	$ 50,000

Note 14 - Long-term Debt and _5

Note 14 - Long-term Debt and Credit Arrangements - Schedule of Long-term Debt and Credit Agreement (Details) (Parentheticals) - The 2.75% Convertible Notes [Member]	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Nov. 30, 2019
Interest rate		2.75%	2.75%	2.75%
Convertible Debt [Member]
Interest rate	2.75%	2.75%

Note 15 - Weighted Average Sh_3

Note 15 - Weighted Average Shares Outstanding and Net Loss Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Nov. 30, 2019
The 2.75% Convertible Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		2.75%	2.75%	2.75%
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	583,000	534,000
Convertible Debt Securities [Member] | The 2.75% Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	7,309,000	7,309,000

Note 15 - Weighted Average Sh_4

Note 15 - Weighted Average Shares Outstanding and Net Loss Per Share - Reconciliation of the Weighted Average Shares (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net loss attributable to common shareholders	$ (23,023)	$ (26,733)
Weighted average common shares outstanding, basic (in shares)	43,764	45,730
Weighted average common shares outstanding, diluted (in shares)	43,764	45,730
Net loss per share, basic (in dollars per share)	$ (0.53)	$ (0.58)
Decrease to net income/increase to net loss per diluted share attributable to common shareholders (in dollars per share)	$ (0.53)	$ (0.58)

Note 16 - Income Taxes - Schedu

Note 16 - Income Taxes - Schedule of (Benefit from) Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Provision for (benefit from) income taxes	$ (9,469)	$ 6,352
Effective tax rate	26.90%	(33.90%)

Note 17 - Contingencies - Leg_2

Note 17 - Contingencies - Legal Proceedings (Details Textual) - Steadfast Insurance Company (“Steadfast”), a subrogee of Clark/Hathaway Dinwiddie, a Joint Venture (“CHDJV”) v. Layne Christensen Company [Member] - USD ($) $ in Millions	Feb. 04, 2022	Feb. 03, 2022
Potential Legal Action Not Yet Taken Against the Company [Member]
Loss Contingency, Estimate of Possible Loss	$ 100
Steadfast [Member]
Loss Contingency, Damages Sought, Value		$ 70
CHDJV [Member]
Loss Contingency, Damages Sought, Value	$ 30

Note 18 - Reportable Segment _3

Note 18 - Reportable Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Total revenue	$ 560,068	$ 653,886
Gross profit	32,359	60,092
Depreciation, depletion and amortization	15,877	14,127
Segment assets as of period end	2,077,387		$ 2,167,933
Operating Segments [Member]
Total revenue	575,336	673,570
Segment assets as of period end	820,786	717,449
Consolidation, Eliminations [Member]
Total revenue	(15,268)	(19,684)
Constructions [Member]
Total revenue	503,416	578,266
Gross profit	36,705	58,479
Depreciation, depletion and amortization	9,755	7,794
Constructions [Member] | Operating Segments [Member]
Total revenue	503,416	578,266
Segment assets as of period end	430,045	363,029
Constructions [Member] | Consolidation, Eliminations [Member]
Total revenue	0	0
Materials [Member]
Total revenue	56,652	75,620
Gross profit	(4,346)	1,613
Depreciation, depletion and amortization	6,122	6,333
Materials [Member] | Operating Segments [Member]
Total revenue	71,920	95,304
Segment assets as of period end	390,741	354,420
Materials [Member] | Consolidation, Eliminations [Member]
Total revenue	$ (15,268)	$ (19,684)

Note 18 - Reportable Segment _4

Note 18 - Reportable Segment Information - Reconciliation of Segment Gross (Loss) Profit to Consolidated Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gross Profit	$ 32,359	$ 60,092
Selling, general and administrative expenses	73,122	70,120
Other costs, net	4,523	6,279
Gain on sales of property and equipment	(2,037)	(598)
Total other (income) expense, net	(8,008)	3,034
Loss before income taxes	$ (35,241)	$ (18,743)