XML 32 R20.htm IDEA: XBRL DOCUMENT v3.26.1
Investments in Affiliates
 3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Affiliates Investments in Affiliates
Our investments in affiliates balance consists of equity method investments in the following types of entities:
(in thousands)March 31, 2026December 31, 2025
Foreign$77,559 $75,838 
Real estate4,207 4,120 
Asphalt terminal16,219 16,806 
Total investments in affiliates$97,985 $96,764 
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, 2026December 31, 2025
Current assets$211,506 $215,601 
Noncurrent assets118,458 122,280 
Total assets$329,964 $337,881 
Current liabilities70,717 73,005 
Long-term liabilities (1)43,571 51,087 
Total liabilities$114,288 $124,092 
Net assets$215,676 $213,789 
Granite’s share of net assets$97,985 $96,764 
(1)This balance is primarily related to local bank debt for equipment purchases, working capital in our foreign affiliates and debt associated with our real estate ventures.