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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Gross Sales $ 1,590,576 $ 1,576,376 $ 4,566,880 $ 4,418,354
Cash discounts (6,690) (6,619) (19,208) (18,422)
Net Sales 1,583,886 1,569,757 4,547,672 4,399,932
Cost of merchandise sold (1,280,928) (1,275,222) (3,692,343) (3,573,998)
Gross Margin 302,958 294,535 855,329 825,934
Selling, general and administrative expenses (244,672) (233,773) (717,648) (678,647)
Depreciation and amortization (10,960) (9,786) (32,082) (29,140)
Other income, net 1,187 739 6,746 2,897
Income from Operations 48,513 51,715 112,345 121,044
Interest expense, net (685) (364) (1,895) (1,122)
Income before Provision for Income Taxes 47,828 51,351 110,450 119,922
Provision for income taxes (19,431) (20,815) (44,414) (48,929)
Net Income 28,397 30,536 66,036 70,993
Less: Net income attributable to noncontrolling interests (86) (72) (177) (164)
Net Income attributable to Graybar Electric Company, Inc. $ 28,311 $ 30,464 $ 65,859 $ 70,829
Net Income per share of Common Stock (in dollars per share) $ 1.77 $ 1.93 $ 4.12 $ 4.47
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Average Common Shares Outstanding (Shares) 15,942 15,799 15,980 15,861