Changes in Equity

3 Months Ended

Mar. 31, 2012

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, 2012	$	2,299,900		$	636	$	1,026,157	$	2,011,801		$	(722,653	)	$	(16,041	)
Proceeds from the exercise of stock options, including related tax effect	1,097			—		1,097		—			—			—
Dividends declared	(21,907		)	—		—		(21,907		)	—			—
Equity-based compensation and issuance of restricted stock	5,418			—		3,789		—			1,629			—
Contributions from noncontrolling investors	6,314			—		—		—			—			6,314
Distributions to noncontrolling investor	(38		)	—		—		—			—			(38		)
Net income (loss)	41,777			—		—		45,675			—			(3,898		)
Balances at March 31, 2012	$	2,332,561		$	636	$	1,031,043	$	2,035,569		$	(721,024	)	$	(13,663	)