Changes in Equity

9 Months Ended

Sep. 30, 2012

Changes in Equity

Changes in Equity

Note 6.  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	2,021			—		2,021			—			—			—
Dividends declared	(65,746		)	—		—			(65,746		)	—			—
Equity-based compensation and issuance of restricted stock	7,825			—		5,680			(24		)	2,169			—
Conversion of 5.125% convertible senior notes	4			—		(1		)	—			5			—
Contributions from noncontrolling investors	7,973			—		—			—			—			7,973
Distributions to noncontrolling investors	(110		)	—		—			—			—			(110		)
Net income (loss)	87,187			—		—			102,980			—			(15,793		)
Balances at September 30, 2012	$	2,339,054		$	636	$	1,033,857		$	2,049,011		$	(720,479	)	$	(23,971	)