Changes in Equity

9 Months Ended

Sep. 30, 2013

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 and redeemable amounts attributable to the noncontrolling interests (in thousands):

	Stockholders of Steel Dynamics, Inc.
	Common		Additional Paid-In			Retained			Treasury			Noncontrolling			Total			RedeemableNoncontrolling
	Stock		Capital			Earnings			Stock			Interests			Equity			Interests
Balances at January 1, 2013	$	637	$	1,037,687		$	2,087,620		$	(720,479	)	$	(27,623	)	$	2,377,842		$	98,814
Proceeds from the exercise of stock options, including related tax effect	4		18,512			—			—			—			18,516			—
Dividends declared	—		—			(72,860		)	—			—			(72,860		)	—
Equity-based compensation and issuance of restricted stock	—		6,813			(30		)	2,106			—			8,889			—
Acquisition of noncontrolling interest	—		(2,232		)	—			—			2,232			—			—
Contributions from noncontrolling investors	—		—			—			—			126			126			11,240
Distributions to noncontrolling investors	—		—			—			—			(394		)	(394		)	—
Net income (loss)	—		—			134,659			—			(19,044		)	115,615			—
Balances at September 30, 2013	$	641	$	1,060,780		$	2,149,389		$	(718,373	)	$	(44,703	)	$	2,447,734		$	110,054