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Condensed 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
Income Statement [Abstract]        
Gross Sales $ 1,576,441 $ 1,523,857 $ 2,976,304 $ 2,841,978
Cash discounts (6,433) (6,482) (12,518) (11,803)
Net Sales 1,570,008 1,517,375 2,963,786 2,830,175
Cost of merchandise sold (1,276,663) (1,235,433) (2,411,415) (2,298,776)
Gross Margin 293,345 281,942 552,371 531,399
Selling, general and administrative expenses (240,909) (224,949) (472,976) (444,874)
Depreciation and amortization (10,813) (9,677) (21,122) (19,354)
Other income, net 1,217 1,429 5,559 2,158
Income from Operations 42,840 48,745 63,832 69,329
Interest expense, net (697) (368) (1,210) (758)
Income before Provision for Income Taxes 42,143 48,377 62,622 68,571
Provision for income taxes (16,998) (19,270) (24,983) (28,114)
Net Income 25,145 29,107 37,639 40,457
Less: Net income attributable to noncontrolling interests (57) (63) (91) (92)
Net Income attributable to Graybar Electric Company, Inc. $ 25,088 $ 29,044 $ 37,548 $ 40,365
Net Income per share of Common Stock (in dollars per share) $ 1.57 $ 1.83 $ 2.35 $ 2.54
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60
Average Common Shares Outstanding (Shares) 15,987 15,842 15,998 15,890