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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net sales    
Unrelated parties $ 1,765,881 $ 1,728,401
Related parties 64,201 67,295
Total net sales 1,830,082 1,795,696
Costs of goods sold 1,666,778 1,619,432
Gross profit 163,304 176,264
Selling, general and administrative expenses 70,042 65,262
Profit sharing 5,395 6,643
Amortization of intangible assets 6,935 8,127
Total selling, general and administrative expenses 82,372 80,032
Operating income 80,932 96,232
Interest expense, net of capitalized interest 30,569 34,629
Other expense (income), net (631) (1,046)
Income before income taxes 50,994 62,649
Income taxes 17,296 21,397
Net income 33,698 41,252
Net loss attributable to noncontrolling interests 4,881 6,963
Net income attributable to Steel Dynamics, Inc. $ 38,579 $ 48,215
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 0.17 $ 0.22
Weighted average common shares outstanding (in shares) 223,011 219,995
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.17 $ 0.21
Weighted average common shares and share equivalents outstanding (in shares) 241,394 238,087
Dividends declared per share (in dollars per share) $ 0.115 $ 0.11