Stockholders' Equity And Comprehensive Income

9 Months Ended

Oct. 01, 2011

Stockholders' Equity And Comprehensive Income

Stockholders' Equity And Comprehensive Income

15. STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME: The following tables reflect the changes in stockholders' equity attributable to both Nucor and the noncontrolling interests of Nucor's joint ventures, primarily Nucor-Yamato Steel Company, Nucor Trading S.A. and Barker Steel Company, Inc., of which Nucor owns 51%, 75% and 90%, respectively (in thousands):

	Attributable to Nucor Corporation			Attributable to Noncontrolling Interests			Total
Stockholders' equity at December 31, 2010	$	7,120,070		$	210,624		$	7,330,694
Comprehensive income:
Net earnings		641,132			61,679			702,811
Net unrealized loss on hedging derivatives, net of income taxes		(7,230	)		—			(7,230	)
Reclassification adjustment for loss on settlement of hedging derivatives included in net income, net of income taxes		27,282			—			27,282
Foreign currency translation loss		(13,875	)		(3	)		(13,878	)
Total comprehensive income		647,309			61,676			708,985
Stock options		16,224			—			16,224
Issuance of stock under award plans, net of forfeitures		24,117			—			24,117
Amortization of unearned compensation		1,300			—			1,300
Dividends declared		(346,284	)		—			(346,284	)
Distributions to noncontrolling interests		—			(55,855	)		(55,855	)
Stockholders' equity at October 1, 2011	$	7,462,736		$	216,445		$	7,679,181
	Attributable to Nucor Corporation			Attributable to Noncontrolling Interests			Total
Stockholders' equity at December 31, 2009	$	7,390,526		$	193,763		$	7,584,289
Comprehensive income:
Net earnings		145,451			51,985			197,436
Net unrealized loss on hedging derivatives, net of income taxes		(29,967	)		—			(29,967	)
Reclassification adjustment for loss on settlement of hedging derivatives included in net income, net of income taxes		25,619			—			25,619
Foreign currency translation gain		8,048			7			8,055
Total comprehensive income		149,151			51,992			201,143
Stock options		4,040			—			4,040
Issuance of stock under award plans, net of forfeitures		24,889			—			24,889
Amortization of unearned compensation		1,800			—			1,800
Dividends declared		(343,089	)		—			(343,089	)
Distributions to noncontrolling interests		—			(42,723	)		(42,723	)
Stockholders' equity at October 2, 2010	$	7,227,317		$	203,032		$	7,430,349

The components of total comprehensive income are as follows (in thousands):

	Three Months (13 Weeks) Ended						Nine Months (39 Weeks) Ended
	October 1, 2011			October 2, 2010			October 1, 2011			October 2, 2010
Net earnings	$	200,111		$	50,024		$	702,811		$	197,436
Net unrealized loss on hedging derivatives, net of income taxes		(4,531	)		(6,702	)		(7,230	)		(29,967	)
Reclassification adjustment for loss on settlement of hedging derivatives included in net income, net of income taxes		9,023			9,420			27,282			25,619
Foreign currency translation gain (loss)		(86,521	)		58,273			(13,878	)		8,055
Comprehensive income		118,082			111,015			708,985			201,143
Comprehensive income attributable to noncontrolling interests		(18,585	)		(26,530	)		(61,676	)		(51,992	)
Comprehensive income attributable to Nucor stockholders	$	99,497		$	84,485		$	647,309		$	149,151