Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 37,931	$ 33,758
Trade receivables (less allowances of $5,879 and $7,073, respectively)	928,276	920,796
Merchandise inventory	518,288	461,139
Other current assets	31,305	41,934
Total Current Assets	1,515,800	1,457,627
Property, at cost
Land	75,968	67,879
Buildings	443,137	429,406
Furniture and fixtures	271,605	253,918
Software	85,423	84,488
Capital leases	32,543	25,135
Total Property, at cost	908,676	860,826
Less – accumulated depreciation and amortization	(474,810)	(452,163)
Net Property	433,866	408,663
Other Non-current Assets	99,877	72,823
Total Assets	2,049,543	1,939,113
Current Liabilities
Short-term borrowings	104,978	66,342
Current portion of long-term debt	6,558	6,241
Trade accounts payable	766,089	726,632
Accrued payroll and benefit costs	111,069	127,191
Other accrued taxes	16,880	17,303
Other current liabilities	64,783	69,780
Total Current Liabilities	1,070,357	1,013,489
Postretirement Benefits Liability	70,303	69,565
Pension Liability	185,211	140,981
Long-term Debt	10,272	11,595
Other Non-current Liabilities	25,254	21,502
Total Liabilities	1,361,397	1,257,132
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	326,482	317,199
Common shares subscribed	17,572	16,136
Less subscriptions receivable	(17,572)	(16,136)
Retained Earnings	548,780	513,672
Accumulated Other Comprehensive Loss	(190,435)	(152,193)
Total Graybar Electric Company, Inc. Shareholders’ Equity	684,827	678,678
Noncontrolling Interests	3,319	3,303
Total Shareholders’ Equity	688,146	681,981
Total Liabilities and Shareholders’ Equity	$ 2,049,543	$ 1,939,113