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Investments in Affiliates (Tables)
 6 Months Ended
Jun. 30, 2025
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)June 30, 2025December 31, 2024
Foreign$73,813 $72,075 
Real estate4,526 4,552 
Asphalt terminal16,754 17,404 
Total investments in affiliates$95,093 $94,031 
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)June 30, 2025December 31, 2024
Current assets$198,940 $205,235 
Noncurrent assets126,945 130,451 
Total assets$325,885 $335,686 
Current liabilities$62,954 $68,679 
Long-term liabilities (1)45,259 45,007 
Total liabilities$108,213 $113,686 
Net assets$217,672 $222,000 
Granite’s share of net assets$95,093 $94,031 
(1)This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate ventures.