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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Gross Sales $ 1,697,037 $ 1,590,576 $ 4,806,245 $ 4,566,880
Cash discounts (7,418) (6,690) (20,625) (19,208)
Net Sales 1,689,619 1,583,886 4,785,620 4,547,672
Cost of merchandise sold (1,370,861) (1,280,928) (3,881,616) (3,692,343)
Gross Margin 318,758 302,958 904,004 855,329
Selling, general and administrative expenses (254,969) (244,672) (750,266) (717,648)
Depreciation and amortization (12,283) (10,960) (35,158) (32,082)
Other income, net 629 1,187 3,438 6,746
Income from Operations 52,135 48,513 122,018 112,345
Interest expense, net (1,215) (685) (2,635) (1,895)
Income before Provision for Income Taxes 50,920 47,828 119,383 110,450
Provision for income taxes (20,724) (19,431) (48,396) (44,414)
Net Income 30,196 28,397 70,987 66,036
Less: Net income attributable to noncontrolling interests (67) (86) (178) (177)
Net Income attributable to Graybar Electric Company, Inc. $ 30,129 $ 28,311 $ 70,809 $ 65,859
Net Income per share of Common Stock (in dollars per share) [1] $ 1.82 $ 1.73 $ 4.28 $ 4.02
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Average Common Shares Outstanding (Shares) [1] 16,573 16,341 16,558 16,379
[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 15,942 and 15,980 for the three and nine months ended September 30, 2015, respectively.