Changes in Equity

9 Months Ended

Sep. 30, 2011

Changes in Equity

Changes in Equity

Note 5. Changes in Equity

The following table provides a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to stockholders of Steel Dynamics, Inc. and equity attributable to the noncontrolling interests (in thousands):

				Stockholders of Steel Dynamics, Inc.
	Total			Common		Additional Paid-In		Retained			Treasury			Noncontrolling
	Equity			Stock		Capital		Earnings			Stock			Interests
Balances at January 1, 2011	$	2,076,835		$	633	$	998,728	$	1,821,133		$	(727,624	)	$	(16,035	)
Proceeds from the exercise of stock options, including related tax effect	13,267			3		13,264		—			—			—
Dividends declared	(65,564		)	—		—		(65,564		)	—			—
Equity-based compensation and issuance of restricted stock	13,078			—		11,303		—			1,775			—
Contributions from noncontrolling investors	5,645			—		—		—			—			5,645
Distributions to noncontrolling investor	(508		)	—		—		—			—			(508		)
Net and comprehensive income (loss)	239,913			—		—		247,917			—			(8,004		)
Balances at September 30, 2011	$	2,282,666		$	636	$	1,023,295	$	2,003,486		$	(725,849	)	$	(18,902	)