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Investments in Affiliates (Tables)
 9 Months Ended
Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Our investments in affiliates balance consists of equity method investments in the following types of entities:
(in thousands)September 30, 2024December 31, 2023
Foreign$72,790 $68,407 
Real estate4,522 7,136 
Asphalt terminal17,609 17,367 
Total investments in affiliates$94,921 $92,910 
Equity Method Investment Summarized Balance Financial Information
The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis:
(in thousands)September 30, 2024December 31, 2023
Current assets$205,698 $204,897 
Noncurrent assets131,912 159,694 
Total assets$337,610 $364,591 
Current liabilities$74,533 $81,899 
Long-term liabilities (1)45,156 54,591 
Total liabilities$119,689 $136,490 
Net assets$217,921 $228,101 
Granite’s share of net assets$94,921 $92,910 
(1)This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate investments.