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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales        
Unrelated parties $ 1,901,415 $ 2,276,747 $ 5,851,371 $ 6,030,408
Related parties 49,508 62,269 151,994 208,451
Total net sales 1,950,923 2,339,016 6,003,365 6,238,859
Costs of goods sold 1,722,197 2,050,504 5,415,854 5,564,272
Gross profit 228,726 288,512 587,511 674,587
Selling, general and administrative expenses 82,371 80,240 241,381 223,745
Profit sharing 9,008 12,865 18,637 28,729
Amortization of intangible assets 6,318 6,764 19,134 20,633
Operating income 131,029 188,643 308,359 401,480
Interest expense, net of capitalized interest 37,084 31,904 117,334 92,523
Other expense, net 239 22,072 15,219 19,687
Income before income taxes 93,706 134,667 175,806 289,270
Income taxes 34,839 47,010 64,660 101,574
Net income 58,867 87,657 111,146 187,696
Net loss attributable to noncontrolling interests 1,750 3,516 11,782 14,359
Net income attributable to Steel Dynamics, Inc. $ 60,617 $ 91,173 $ 122,928 $ 202,055
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 0.25 $ 0.38 $ 0.51 $ 0.88
Weighted average common shares outstanding (in shares) 242,074 240,087 241,836 229,772
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.25 $ 0.38 $ 0.51 $ 0.85
Weighted average common shares and share equivalents outstanding (in shares) 243,822 242,244 243,393 241,895
Dividends declared per share (in dollars per share) $ 0.1375 $ 0.1150 $ 0.4125 $ 0.3450