Stockholders' Equity

3 Months Ended

Apr. 01, 2017

Equity [Abstract]

Stockholders' Equity

16. STOCKHOLDERS’ EQUITY: 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, of which Nucor owns 51% (in thousands):

	Attributable to Nucor Corporation			Attributable to Noncontrolling Interests			Total
Stockholders’ equity at December 31, 2016	$	7,879,865		$	374,843		$	8,254,708
Total comprehensive income		357,750			20,749			378,499
Stock options		3,785			—			3,785
Issuance of stock under award plans, net of forfeitures		13,633			—			13,633
Amortization of unearned compensation		400			—			400
Dividends declared		(121,410	)		—			(121,410	)
Distributions to noncontrolling interests		—			(61,544	)		(61,544	)
Stockholders’ equity at April 1, 2017	$	8,134,023		$	334,048		$	8,468,071
Stockholders’ equity at December 31, 2015	$	7,477,816		$	372,061		$	7,849,877
Total comprehensive income		142,762			34,932			177,694
Stock options		150			—			150
Issuance of stock under award plans, net of forfeitures		8,618			—			8,618
Amortization of unearned compensation		200			—			200
Treasury stock acquired		(5,173	)		—			(5,173	)
Dividends declared		(120,156	)		—			(120,156	)
Distributions to noncontrolling interests		—			(49,853	)		(49,853	)
Other		—			(1,385	)		(1,385	)
Stockholders’ equity at April 2, 2016	$	7,504,217		$	355,755		$	7,859,972

On September 2, 2015, the Company announced that the Board of Directors had approved a stock repurchase program under which the Company is authorized to repurchase up to $900 million of the Company’s common stock. The new $900 million share repurchase program has no stated expiration and replaced any previously authorized repurchase programs. As of April 1, 2017, the Company had $828.3 million remaining available under the program. The Company expects any share repurchases to be made through purchases from time to time in the open market at prevailing market prices, through private transactions or block trades. The timing and amount of any repurchases will depend on market conditions, share price, applicable legal requirements and other factors.