XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Total Granite Shareholders’ Equity
Non-controlling Interests
Beginning balances (in shares) at Dec. 31, 2022   43,743,907          
Beginning balances at Dec. 31, 2022 $ 985,145 $ 437 $ 470,407 $ 788 $ 481,384 $ 953,016 $ 32,129
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (49,618)       (40,023) (40,023) (9,595)
Other comprehensive income (loss) 7     7   7  
Repurchases of common stock (shares) [1]   (93,602)          
Repurchases of common stock [1] (3,767)   (3,766)     (3,767)  
RSUs vested (shares)   261,362          
RSUs vested 0 $ 3 (3)        
Dividends on common stock (11,414)   150   (11,564) (11,414)  
RSUs vested 17,374           17,374
Stock-based compensation expense and other (in shares)   7,147          
Dividends on common stock ($0.13 per share per quarter) 6,968   6,968     6,968  
Capped call transactions (39,379)   (39,379)     (39,379)  
Redemption of warrants (13,201)   (13,201)     (13,201)  
Loss on debt extinguishment (shares)   1,390,500          
Extinguishment of debt 49,335 $ 14 49,321     49,335  
Exercise of bond hedge (in shares)   (1,390,516)          
Exercise of bond hedge 0 $ (14) 14        
Ending balances (in shares) at Jun. 30, 2023   43,918,798          
Ending balances at Jun. 30, 2023 941,450 $ 439 470,511 795 429,797 901,542 39,908
Beginning balances (in shares) at Mar. 31, 2023   43,880,224          
Beginning balances at Mar. 31, 2023 972,411 $ 439 471,782 653 452,583 925,457 46,954
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (23,846)       (17,000) (17,000) (6,846)
Other comprehensive income (loss) 142     142   142  
Repurchases of common stock (shares)   (6,342)          
Repurchases of common stock (244) $ (1) (243)   0 (244)  
RSUs vested (shares)   37,394          
RSUs vested 0 $ 1 (1)        
Dividends on common stock (5,710)   76   (5,786) (5,710)  
RSUs vested (200)           (200)
Stock-based compensation expense and other (in shares)   7,538          
Dividends on common stock ($0.13 per share per quarter) 2,142   2,142     2,142  
Capped call transactions (39,379)   (39,379)     (39,379)  
Redemption of warrants (13,201)   (13,201)     (13,201)  
Loss on debt extinguishment (shares)   1,390,500          
Extinguishment of debt 49,335 $ 14 49,321     49,335  
Exercise of bond hedge (in shares)   (1,390,516)          
Exercise of bond hedge 0 $ (14) 14        
Ending balances (in shares) at Jun. 30, 2023   43,918,798          
Ending balances at Jun. 30, 2023 $ 941,450 $ 439 470,511 795 429,797 901,542 39,908
Beginning balances (in shares) at Dec. 31, 2023 43,944,118 43,944,118          
Beginning balances at Dec. 31, 2023 $ 1,026,966 $ 439 474,134 881 501,844 977,298 49,668
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 9,415       5,912 5,912 3,503
Other comprehensive income (loss) (611)     (611)   (611)  
Repurchases of common stock (shares) [1]   (366,567)          
Repurchases of common stock (21,144) [1] $ (3) [1] (20,636) [1]   (505) (21,144) [1]  
RSUs vested (shares)   365,440          
RSUs vested 0 $ 4 (4)        
Dividends on common stock (11,420)   152   (11,572) (11,420)  
RSUs vested 2,587           2,587
Stock-based compensation expense and other (in shares)   4,400          
Dividends on common stock ($0.13 per share per quarter) 15,345   15,345     15,345  
Capped call transactions (34,189)   (34,189)     (34,189)  
Redemption of warrants 466   466     466  
Exercise of bond hedge (in shares)   (260,883)          
Exercise of bond hedge $ 0 $ (3) 3        
Ending balances (in shares) at Jun. 30, 2024 43,686,508 43,686,508          
Ending balances at Jun. 30, 2024 $ 987,415 $ 437 435,271 270 495,679 931,657 55,758
Beginning balances (in shares) at Mar. 31, 2024   44,149,644          
Beginning balances at Mar. 31, 2024 1,004,605 $ 441 479,679 1,290 465,048 946,458 58,147
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 38,857       36,895 36,895 1,962
Other comprehensive income (loss) (1,020)     (1,020)   (1,020)  
Repurchases of common stock (shares)   (231,133)          
Repurchases of common stock (13,726) $ (1) (13,220)   (505) (13,726)  
RSUs vested (shares)   24,046          
Dividends on common stock (5,680)   79   (5,759) (5,680)  
RSUs vested (4,351)           (4,351)
Stock-based compensation expense and other (in shares)   4,834          
Dividends on common stock ($0.13 per share per quarter) 2,453   2,453     2,453  
Capped call transactions (34,189)   (34,189)     (34,189)  
Redemption of warrants 466   466     466  
Exercise of bond hedge (in shares)   (260,883)          
Exercise of bond hedge $ 0 $ (3) 3        
Ending balances (in shares) at Jun. 30, 2024 43,686,508 43,686,508          
Ending balances at Jun. 30, 2024 $ 987,415 $ 437 $ 435,271 $ 270 $ 495,679 $ 931,657 $ 55,758
[1] This amount represents employee tax withholding for restricted stock units ("RSUs") vested under our equity incentive plans in 2024 and 2023 and stock repurchased in 2024 under the Board approved repurchase plan. During the six months ended June 30, 2024 and 2023, there were 141,567 shares and 93,602 shares, respectively, withheld related to employee taxes for RSUs. During the six months ended June 30, 2024, we also repurchased 225,000 shares under the share repurchase program.