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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales    
Unrelated parties $ 1,698,004 $ 2,003,973
Related parties 43,297 43,462
Total net sales 1,741,301 2,047,435
Costs of goods sold 1,505,265 1,860,393
Gross profit 236,036 187,042
Selling, general and administrative expenses 87,530 76,350
Profit sharing 9,291 4,598
Amortization of intangible assets 7,250 6,323
Operating income 131,965 99,771
Interest expense, net of capitalized interest 37,043 43,087
Other (income) expense, net (1,792) 16,192
Income before income taxes 96,714 40,492
Income tax expense 35,396 13,538
Net income 61,318 26,954
Net loss attributable to noncontrolling interests 1,419 3,807
Net income attributable to Steel Dynamics, Inc. $ 62,737 $ 30,761
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders $ 0.26 $ 0.13
Weighted average common shares outstanding - basic (in shares) 243,202 241,535
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.26 $ 0.13
Weighted average common shares and share equivalents outstanding (in shares) 244,608 242,867
Dividends declared per share (in dollars per share) $ 0.1400 $ 0.1375