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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Gross Sales $ 1,537,869 $ 1,471,694
Cash discounts (7,298) (6,214)
Net Sales 1,530,571 1,465,480
Cost of merchandise sold (1,230,742) (1,185,833)
Gross Margin 299,829 279,647
Selling, general and administrative expenses (258,045) (244,732)
Depreciation and amortization (11,876) (11,311)
Other income, net 608 2,292
Income from Operations 30,516 25,896
Interest expense, net (797) (657)
Income before Provision for Income Taxes 29,719 25,239
Provision for income taxes (11,996) (10,142)
Net Income 17,723 15,097
Less: Net income attributable to noncontrolling interests (42) (52)
Net Income attributable to Graybar Electric Company, Inc. $ 17,681 $ 15,045
Net Income per share of Common Stock (in dollars per share) $ 1.00 $ 0.87 [1]
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30
Average Common Shares Outstanding (Shares) 17,621 17,365
[1] (A)Adjusted for the declaration of a 5% stock dividend in 2016, shares related to which were issued in February 2017. Prior to the adjustment, the average common shares outstanding were 16,538 for the three months ended March 31, 2016.