Changes in Equity

6 Months Ended

Jun. 30, 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	1,438			—		1,438		—			—			—
Dividends declared	(43,840		)	—		—		(43,840		)	—			—
Equity-based compensation and issuance of restricted stock	7,661			—		5,491		—			2,170			—
Conversion of 5.125% convertible senior notes	2			—		—		—			2			—
Contributions from noncontrolling investors	7,973			—		—		—			—			7,973
Distributions to noncontrolling investor	(80		)	—		—		—			—			(80		)
Net income (loss)	81,082			—		—		90,147			—			(9,065		)
Balances at June 30, 2012	$	2,354,136		$	636	$	1,033,086	$	2,058,108		$	(720,481	)	$	(17,213	)