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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Sales Revenue, Goods, Gross $ 1,878,894 $ 1,708,638 $ 5,364,287 $ 4,967,349
Sales Discounts, Goods 8,643 7,795 24,052 23,055
Sales Revenue, Goods, Net 1,870,251 1,700,843 5,340,235 4,944,294
Cost of merchandise sold (1,516,849) (1,378,859) (4,324,258) (3,999,588)
Gross Margin 353,402 321,984 1,015,977 944,706
Selling, general and administrative expenses (276,345) (255,612) (810,474) (760,714)
Depreciation and amortization (12,517) (12,211) (36,932) (36,231)
Other income, net 979 1,511 2,395 5,640
Income from Operations 65,519 55,672 170,966 153,401
Non-operating expenses (7,828) (6,357) (22,841) (18,503)
Income before Provision for Income Taxes 57,691 49,315 148,125 134,898
Provision for income taxes (4,019) (19,761) (28,708) (54,220)
Net Income 53,672 29,554 119,417 80,678
Less: Net income attributable to noncontrolling interests (110) (120) (270) (229)
Net Income attributable to Graybar Electric Company, Inc. $ 53,562 $ 29,434 $ 119,147 $ 80,449
Net Income per share of Common Stock (in dollars per share) $ 2.75 $ 1.52 [1] $ 6.11 $ 4.15 [1]
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Average Common Shares Outstanding (Shares) 19,465 19,372 19,496 19,380
[1] (A)Adjusted for the declaration of a 10% stock dividend in 2017, shares related to which were issued in February 2018. Prior to the adjustment, the average common shares outstanding were 17,611 and 17,618 for the three and nine months ended September 30, 2017, respectively.