Quarterly Financial Information (unaudited, in thousands, except per share data)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information (unaudited, in thousands, except per share data)

Quarterly Financial Information (unaudited, in thousands, except per share data)

Note 15. Quarterly Financial Information (unaudited, in thousands, except per share data)

	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2015:
Net sales	$	2,047,435	$	2,005,007	$	1,950,923	$	1,591,046
Gross profit		187,042		171,743		228,726		144,207
Operating income (loss)		99,771		77,559		131,029		(381,143	)
Net income (loss)		26,954		25,325		58,867		(256,316	)
Net income (loss) attributable to Steel Dynamics, Inc.		30,761		31,550		60,617		(253,239	)
Earnings (loss) per share:
Basic		.13		.13		.25		(1.04	)
Diluted		.13		.13		.25		(1.04	)
2014:
Net sales	$	1,830,082	$	2,069,761	$	2,339,016	$	2,517,093
Gross profit		163,304		222,771		288,512		291,624
Operating income (loss)		80,932		131,905		188,643		(81,160	)
Net income (loss)		33,698		66,341		87,657		(96,046	)
Net income (loss) attributable to Steel Dynamics, Inc.		38,579		72,303		91,173		(45,031	)
Earnings (loss) per share:
Basic		.17		.32		.38		(.19	)
Diluted		.17		.31		.38		(.19	)

        The first quarter of 2015 reflects other non-operating expenses of $16.7 million associated with call premiums and write off of deferred financing costs related to the call and repayment of all $350.0 million of outstanding 75/8% Senior Notes due 2020.

        The second quarter of 2015 reflects inventory lower-of-cost or market charges of $21.0 million (inclusive of noncontrolling interests of $3.6 million), in cost of goods sold, related to the May 2015 decision to idle the Minnesota ironmaking operations and to monetize existing raw material inventory.

        The fourth quarter of 2015 reflects pretax non-cash asset impairment charges related to goodwill, indefinite-lived intangibles and certain other assets associated with the company's metal recycling operations, which reduced operating income by $428.5 million, and net income and net income attributable to Steel Dynamics, Inc. by $268.7 million.

        The third quarter of 2014 reflects other non-operating expenses of $25.2 million associated with acquisition and bridge financing costs related to the acquisition of Columbus Flat Roll Division.

        The fourth quarter of 2014 reflects pretax non-cash asset impairment charges associated with the company's Minnesota ironmaking operations, which reduced operating income by $260.0 million, net income by $179.1 million, and net income attributable to Steel Dynamics, Inc. by $132.6 million.

        Earnings per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total for the year.