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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales        
Unrelated parties $ 1,735,420 $ 1,830,117 $ 3,463,821 $ 3,735,192
Related parties 65,920 79,686 133,215 156,651
Total net sales 1,801,340 1,909,803 3,597,036 3,891,843
Costs of goods sold 1,653,648 1,727,667 3,273,080 3,508,443
Gross profit 147,692 182,136 323,956 383,400
Selling, general and administrative expenses 65,356 61,235 130,618 125,619
Profit sharing 4,779 8,211 11,422 16,283
Amortization of intangible assets 8,051 8,991 16,178 17,983
Impairment charges 308   308  
Total selling, general and administrative expenses 78,494 78,437 158,526 159,885
Operating income 69,198 103,699 165,430 223,515
Interest expense, net of capitalized interest 31,465 41,106 66,094 82,218
Other expense (income), net (1,246) (1,892) (2,292) 8,356
Income before income taxes 38,979 64,485 101,628 132,941
Income taxes 15,706 25,180 37,103 51,859
Net income 23,273 39,305 64,525 81,082
Net loss attributable to noncontrolling interests 5,685 5,167 12,648 9,065
Net income attributable to Steel Dynamics, Inc. $ 28,958 $ 44,472 $ 77,173 $ 90,147
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 0.13 $ 0.20 $ 0.35 $ 0.41
Weighted average common shares outstanding (in shares) 220,471 219,104 220,233 219,050
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.13 $ 0.20 $ 0.34 $ 0.40
Weighted average common shares and share equivalents outstanding (in shares) 221,736 236,208 238,246 236,367
Dividends declared per share (in dollars per share) $ 0.11 $ 0.10 $ 0.22 $ 0.20