Changes in Equity

9 Months Ended

Sep. 30, 2019

Changes in Equity

Changes in Equity

Note 6. Changes in Equity

The following tables provide 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 noncontrolling interests (in thousands) for each quarterly period in the nine months ended September 30, 2019 and 2018:

	Stockholders of Steel Dynamics, Inc.
									Accumulated
					Additional				Other						Redeemable
	Common		Treasury		Paid-In		Retained		Comprehensive		Noncontrolling		Total		Noncontrolling
	Stock		Stock		Capital		Earnings		Loss		Interests		Equity		Interests
Balances at December 31, 2018	$	645	$	(1,184,243)	$	1,160,048	$	3,958,320	$	301	$	(159,082)	$	3,775,989	$	111,240
Dividends declared		-		-		-		(53,504)		-		-		(53,504)		-
Noncontrolling investors of USS		-		-		-		-		-		-		-		28,690
Share repurchases		-		(84,308)		-		-		-		-		(84,308)		-
Equity-based compensation		-		6,714		91		(110)		-		-		6,695		-
Net income		-		-		-		204,328		-		499		204,827		-
Other comprehensive loss, net of tax		-		-		-		-		(171)		-		(171)		-
Balances at March 31, 2019		645		(1,261,837)		1,160,139		4,109,034		130		(158,583)		3,849,528		139,930
Dividends declared		-		-		-		(52,751)		-		-		(52,751)		-
Share repurchases		-		(93,136)		-		-		-		-		(93,136)		-
Equity-based compensation		-		816		7,366		(166)		-		-		8,016		-
Net income		-		-		-		194,302		-		2,444		196,746		-
Other comprehensive loss, net of tax		-		-		-		-		(52)		-		(52)		-
Balances at June 30, 2019		645		(1,354,157)		1,167,505		4,250,419		78		(156,139)		3,908,351		139,930
Dividends declared		-		-		-		(51,778)		-		-		(51,778)		-
Noncontrolling investors of USS		-		-		-		-		-		(1,321)		(1,321)		3,684
Share repurchases		-		(114,950)		-		-		-		-		(114,950)		-
Equity-based compensation		-		29		8,007		(166)		-		-		7,870		-
Net income		-		-		-		151,048		-		1,560		152,608		-
Other comprehensive loss, net of tax		-		-		-		-		(39)		-		(39)		-
Balances at September 30, 2019	$	645	$	(1,469,078)	$	1,175,512	$	4,349,523	$	39	$	(155,900)	$	3,900,741	$	143,614

Note 6. Changes in Equity (Continued)

	Stockholders of Steel Dynamics, Inc.
									Accumulated
					Additional				Other						Redeemable
	Common		Treasury		Paid-In		Retained		Comprehensive		Noncontrolling		Total		Noncontrolling
	Stock		Stock		Capital		Earnings		Loss		Interests		Equity		Interests
Balances at December 31, 2017	$	644	$	(665,297)	$	1,141,534	$	2,874,693	$	-	$	(156,506)	$	3,195,068	$	111,240
Dividends declared		-		-		-		(44,269)		-		-		(44,269)		-
Share repurchases		-		(69,269)		-		-		-		-		(69,269)		-
Equity-based compensation		-		3,866		1,337		(71)		-		-		5,132		-
Comprehensive and net income (loss)		-		-		-		227,551		-		(2,076)		225,475		-
Balances at March 31, 2018		644		(730,700)		1,142,871		3,057,904		-		(158,582)		3,312,137		111,240
Dividends declared		-		-		-		(44,080)		-		-		(44,080)		-
Noncontrolling investors, net		-		-		-		-		-		(3)		(3)		-
Share repurchases		-		(49,145)		-		-		-		-		(49,145)		-
Equity-based compensation		-		757		6,496		(110)		-		-		7,143		-
Net income		-		-		-		362,449		-		123		362,572		-
Other comprehensive loss, net of tax		-		-		-		-		(105)		-		(105)		-
Balances at June 30, 2018		644		(779,088)		1,149,367		3,376,163		(105)		(158,462)		3,588,519		111,240
Dividends declared		-		-		-		(43,767)		-		-		(43,767)		-
Noncontrolling investors, net		-		-		-		-		-		-		-		-
Share repurchases		-		(74,965)		-		-		-		-		(74,965)		-
Equity-based compensation		-		1		7,189		(109)		-		-		7,081		-
Net income		-		-		-		398,375		-		(469)		397,906		-
Other comprehensive loss, net of tax		-		-		-		-		63		-		63		-
Balances at September 30, 2018	$	644	$	(854,052)	$	1,156,556	$	3,730,662	$	(42)	$	(158,931)	$	3,874,837	$	111,240