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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales        
Unrelated parties $ 1,945,983 $ 1,987,635 $ 3,949,956 $ 3,753,516
Related parties 59,024 82,126 102,486 146,327
Total net sales 2,005,007 2,069,761 4,052,442 3,899,843
Costs of goods sold 1,833,264 1,846,990 3,693,657 3,513,768
Gross profit 171,743 222,771 358,785 386,075
Selling, general and administrative expenses 82,660 73,463 159,010 143,505
Profit sharing 5,031 10,469 9,629 15,864
Amortization of intangible assets 6,493 6,934 12,816 13,869
Operating income 77,559 131,905 177,330 212,837
Interest expense, net of capitalized interest 37,163 30,050 80,250 60,619
Other expense (income), net (1,212) (1,754) 14,980 (2,385)
Income before income taxes 41,608 103,609 82,100 154,603
Income taxes 16,283 37,268 29,821 54,564
Net income 25,325 66,341 52,279 100,039
Net loss attributable to noncontrolling interests 6,225 5,962 10,032 10,843
Net income attributable to Steel Dynamics, Inc. $ 31,550 $ 72,303 $ 62,311 $ 110,882
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 0.13 $ 0.32 $ 0.26 $ 0.49
Weighted average common shares outstanding (in shares) 241,900 226,220 241,718 224,615
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.13 $ 0.31 $ 0.26 $ 0.48
Weighted average common shares and share equivalents outstanding (in shares) 243,491 242,048 243,179 241,721
Dividends declared per share (in dollars per share) $ 0.1375 $ 0.1150 $ 0.2750 $ 0.2300