Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 51,111	$ 37,931
Trade receivables (less allowances of $6,323 and $5,879, respectively)	1,019,195	928,276
Merchandise inventory	616,294	518,288
Other current assets	25,761	31,305
Total Current Assets	1,712,361	1,515,800
Property, at cost
Land	78,592	75,968
Buildings	450,872	443,137
Furniture and fixtures	284,196	271,605
Software	87,313	85,423
Capital leases	33,652	32,543
Total Property, at cost	934,625	908,676
Less – accumulated depreciation and amortization	(503,888)	(474,810)
Net Property	430,737	433,866
Other Non-current Assets	106,915	99,877
Total Assets	2,250,013	2,049,543
Current Liabilities
Short-term borrowings	273,849	104,978
Current portion of long-term debt	4,272	6,558
Trade accounts payable	794,276	766,089
Accrued payroll and benefit costs	89,747	111,069
Other accrued taxes	20,624	16,880
Other current liabilities	81,633	64,783
Total Current Liabilities	1,264,401	1,070,357
Postretirement Benefits Liability	70,091	70,303
Pension Liability	123,541	185,211
Long-term Debt	7,735	10,272
Other Non-current Liabilities	21,718	25,254
Total Liabilities	1,487,486	1,361,397
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	331,927	326,482
Advance Payments on Subscriptions to Common Stock	954	0
Retained Earnings	604,627	548,780
Accumulated Other Comprehensive Loss	(178,331)	(190,435)
Total Graybar Electric Company, Inc. Shareholders’ Equity	759,177	684,827
Noncontrolling Interests	3,350	3,319
Total Shareholders’ Equity	762,527	688,146
Total Liabilities and Shareholders’ Equity	$ 2,250,013	$ 2,049,543