Stockholders' Equity

6 Months Ended

Jul. 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			Attributable to
	Nucor Corporation			Noncontrolling Interests			Total
Stockholders’ equity at December 31, 2016	$	7,879,865		$	374,843		$	8,254,708
Total comprehensive income		704,855			39,425			744,280
Stock options		11,068			—			11,068
Issuance of stock under award plans, net of forfeitures		23,593			—			23,593
Amortization of unearned compensation		700			—			700
Dividends declared		(243,016	)		—			(243,016	)
Distributions to noncontrolling interests		—			(79,420	)		(79,420	)
Stockholders’ equity at July 1, 2017	$	8,377,065		$	334,848		$	8,711,913
	Attributable to			Attributable to
	Nucor Corporation			Noncontrolling Interests			Total
Stockholders’ equity at December 31, 2015	$	7,477,816		$	372,061		$	7,849,877
Total comprehensive income		401,169			62,681			463,850
Stock options		9,215			—			9,215
Issuance of stock under award plans, net of forfeitures		18,973			—			18,973
Amortization of unearned compensation		500			—			500
Treasury stock acquired		(5,173	)		—			(5,173	)
Dividends declared		(240,538	)		—			(240,538	)
Distributions to noncontrolling interests		—			(78,684	)		(78,684	)
Other		(602	)		(1,776	)		(2,378	)
Stockholders’ equity at July 2, 2016	$	7,661,360		$	354,282		$	8,015,642

In September 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. This $900 million share repurchase program has no stated expiration and replaced any previously authorized repurchase programs. As of July 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.