XML 72 R61.htm IDEA: XBRL DOCUMENT v3.22.1
Note 11 - Construction Joint Ventures - Unconsolidated Construction Joint Ventures Financial Information (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2020
Cash, cash equivalents and marketable securities $ 157,869 $ 182,891 $ 161,574
Other current assets [1] 663,187 661,342 768,127
Noncurrent assets 92,153 103,579 150,273
Current liabilities 263,213 307,674 470,667
Equity in construction joint ventures [2] 176,282 161,275 130,923
Other Partners Interest in Partnerships [Member]      
Unconsolidated construction joint venture assets 604,157 633,634 719,634
Unconsolidated construction joint venture liabilities [3] 130,443 154,771 241,250
Reporting Entitys Interest in Joint Venture [Member]      
Unconsolidated construction joint venture assets [1],[4] 309,052 314,178 360,340
Unconsolidated construction joint venture liabilities $ 132,770 $ 152,903 $ 229,417
[1] Included in this balance and in accrued expenses and other current liabilities on the condensed consolidated balance sheets as of March 31, 2022, December 31, 2021 and March 31, 2021 was $82.1 million, $82.1 million and $82.3 million, respectively, related to performance guarantees.
[2] Included in this balance and in accrued expenses and other current liabilities on our condensed consolidated balance sheets was $14.9 million, $28.6 million and $55.6 million as of March 31, 2022, December 31, 2021 and March 31, 2021, respectively, related to deficits in unconsolidated construction joint ventures, which includes provisions for losses.
[3] Partners' interest and adjustments includes amounts to reconcile total net assets as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates primarily related to contract forecast differences.
[4] Included in this balance as of March 31, 2022, December 31, 2021 and March 31, 2021, was $107.5 million, $103.8 million and $95.4 million, respectively, related to Granite's share of estimated cost recovery of customer affirmative claims. In addition, this balance included $2.9 million, $10.7 million and $12.9 million related to Granite’s share of estimated recovery of back charge claims as of March 31, 2022, December 31, 2021 and March 31, 2021, respectively.