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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales      
Unrelated parties $ 9,364,213 $ 7,607,180 $ 7,407,233
Related parties 174,584 169,929 187,178
Total net sales 9,538,797 7,777,109 7,594,411
Costs of goods sold 7,956,783 6,442,245 6,862,693
Gross profit 1,582,014 1,334,864 731,718
Selling, general and administrative expenses 394,631 374,009 328,758
Profit sharing 91,309 71,285 23,064
Amortization of intangible assets 29,193 28,765 24,180
Asset impairment charges   132,839 428,500
Operating income 1,066,881 727,966 (72,784)
Interest expense, net of capitalized interest 134,399 146,037 153,950
Other expense (income), net (2,753) 17,796 15,383
Income before income taxes 935,235 564,133 (242,117)
Income tax expense 129,439 204,127 (96,947)
Net income 805,796 360,006 (145,170)
Net loss attributable to noncontrolling interests 6,945 22,109 14,859
Net income attributable to Steel Dynamics, Inc. $ 812,741 $ 382,115 $ (130,311)
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders $ 3.38 $ 1.57 $ (0.54)
Weighted average common shares outstanding - basic (in shares) 240,132 243,576 242,017
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 3.36 $ 1.56 $ (0.54)
Weighted average common shares and share equivalents outstanding (in shares) 241,781 245,298 242,017
Dividends declared per share (in dollars per share) $ 0.62 $ 0.56 $ 0.55