XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 699,547 $ 672,275
Cost of revenue 615,698 617,990
Gross profit 83,849 54,285
Selling, general and administrative expenses 115,911 87,993
Other costs, net 9,426 11,010
Gain on sales of property and equipment, net (1,737) (1,418)
Operating loss (39,751) (43,300)
Other (income) expense    
Interest income (6,268) (6,702)
Interest expense 7,757 8,083
Net income from affiliates (1,094) (3,970)
Other income, net (63) (1,743)
Total other (income) expense, net 332 (4,332)
Loss before income taxes (40,083) (38,968)
Benefit from income taxes (11,756) (9,526)
Net loss (28,327) (29,442)
Amount attributable to non-controlling interests (5,329) (1,541)
Net loss attributable to Granite Construction Incorporated $ (33,656) $ (30,983)
Net loss per share attributable to common shareholders    
Basic (USD per share) $ (0.77) $ (0.70)
Diluted (USD per share) $ (0.77) $ (0.70)
Weighted average shares outstanding:    
Basic (shares) 43,463 43,988
Diluted (shares) 43,463 43,988