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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Gross Sales $ 1,637,514 $ 1,576,441 $ 3,109,208 $ 2,976,304
Cash discounts (6,993) (6,433) (13,207) (12,518)
Net Sales 1,630,521 1,570,008 3,096,001 2,963,786
Cost of merchandise sold (1,324,922) (1,276,663) (2,510,755) (2,411,415)
Gross Margin 305,599 293,345 585,246 552,371
Selling, general and administrative expenses (250,565) (240,909) (495,297) (472,976)
Depreciation and amortization (11,564) (10,813) (22,875) (21,122)
Other income, net 517 1,217 2,809 5,559
Income from Operations 43,987 42,840 69,883 63,832
Interest expense, net (763) (697) (1,420) (1,210)
Income before Provision for Income Taxes 43,224 42,143 68,463 62,622
Provision for income taxes (17,530) (16,998) (27,672) (24,983)
Net Income 25,694 25,145 40,791 37,639
Less: Net income attributable to noncontrolling interests (59) (57) (111) (91)
Net Income attributable to Graybar Electric Company, Inc. $ 25,635 $ 25,088 $ 40,680 $ 37,548
Net Income per share of Common Stock (in dollars per share) [1] $ 1.55 $ 1.53 $ 2.46 $ 2.29
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60
Average Common Shares Outstanding (Shares) [1] 16,569 16,386 16,555 16,398
[1] (A)Adjusted for the declaration of a 2.5% stock dividend in 2015, shares related to which were issued in February 2016. Prior to the adjustment, the average common shares outstanding were 15,987 and 15,998 for the three and six months ended June 30, 2015, respectively.