XML 17 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales    
Unrelated parties $ 2,319,663 $ 1,698,004
Related parties 48,553 43,297
Total net sales 2,368,216 1,741,301
Costs of goods sold 1,896,062 1,505,265
Gross profit 472,154 236,036
Selling, general and administrative expenses 102,933 87,530
Profit sharing 27,231 9,291
Amortization of intangible assets 7,424 7,250
Operating income 334,566 131,965
Interest expense, net of capitalized interest 33,973 37,043
Other expense (income), net (3,659) (1,792)
Income before income taxes 304,252 96,714
Income tax expense 105,586 35,396
Net income 198,666 61,318
Net loss attributable to noncontrolling interests 2,151 1,419
Net income attributable to Steel Dynamics, Inc. $ 200,817 $ 62,737
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders $ 0.83 $ 0.26
Weighted average common shares outstanding - basic (in shares) 242,943 243,202
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.82 $ 0.26
Weighted average common shares and share equivalents outstanding (in shares) 244,546 244,608
Dividends declared per share (in dollars per share) $ 0.155 $ 0.140