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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales        
Unrelated parties $ 1,987,635 $ 1,735,420 $ 3,753,516 $ 3,463,821
Related parties 82,126 65,920 146,327 133,215
Total net sales 2,069,761 1,801,340 3,899,843 3,597,036
Costs of goods sold 1,846,990 1,653,648 3,513,768 3,273,080
Gross profit 222,771 147,692 386,075 323,956
Selling, general and administrative expenses 73,463 65,356 143,505 130,618
Profit sharing 10,469 4,779 15,864 11,422
Amortization of intangible assets 6,934 8,051 13,869 16,178
Impairment charges   308   308
Total selling, general and administrative expenses 90,866 78,494 173,238 158,526
Operating income 131,905 69,198 212,837 165,430
Interest expense, net of capitalized interest 30,050 31,465 60,619 66,094
Other expense (income), net (1,754) (1,246) (2,385) (2,292)
Income before income taxes 103,609 38,979 154,603 101,628
Income taxes 37,268 15,706 54,564 37,103
Net income 66,341 23,273 100,039 64,525
Net loss attributable to noncontrolling interests 5,962 5,685 10,843 12,648
Net income attributable to Steel Dynamics, Inc. $ 72,303 $ 28,958 $ 110,882 $ 77,173
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 0.32 $ 0.13 $ 0.49 $ 0.35
Weighted average common shares outstanding (in shares) 226,220 220,471 224,615 220,233
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.31 $ 0.13 $ 0.48 $ 0.34
Weighted average common shares and share equivalents outstanding (in shares) 242,048 221,736 241,721 238,246
Dividends declared per share (in dollars per share) $ 0.115 $ 0.11 $ 0.23 $ 0.22