Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 43,339	$ 37,931
Trade receivables (less allowances of $5,025 and $5,879, respectively)	964,180	928,276
Merchandise inventory	516,732	518,288
Other current assets	24,148	31,305
Total Current Assets	1,548,399	1,515,800
Property, at cost
Land	78,440	75,968
Buildings	454,587	443,137
Furniture and fixtures	286,615	271,605
Software	87,313	85,423
Capital leases	33,652	32,543
Total Property, at cost	940,607	908,676
Less – accumulated depreciation and amortization	(512,535)	(474,810)
Net Property	428,072	433,866
Other Non-current Assets	122,761	99,877
Total Assets	2,099,232	2,049,543
Current Liabilities
Short-term borrowings	140,465	104,978
Current portion of long-term debt	4,155	6,558
Trade accounts payable	752,171	766,089
Accrued payroll and benefit costs	121,421	111,069
Other accrued taxes	16,926	16,880
Other current liabilities	73,028	64,783
Total Current Liabilities	1,108,166	1,070,357
Postretirement Benefits Liability	70,628	70,303
Pension Liability	160,950	185,211
Long-term Debt	7,271	10,272
Other Non-current Liabilities	21,328	25,254
Total Liabilities	1,368,343	1,361,397
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	348,771	326,482
Common shares subscribed	17,929	17,572
Less subscriptions receivable	(17,929)	(17,572)
Retained Earnings	575,380	548,780
Accumulated Other Comprehensive Loss	(196,600)	(190,435)
Total Graybar Electric Company, Inc. Shareholders’ Equity	727,551	684,827
Noncontrolling Interests	3,338	3,319
Total Shareholders’ Equity	730,889	688,146
Total Liabilities and Shareholders’ Equity	$ 2,099,232	$ 2,049,543