Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Stockholders' Equity

14. 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%, for the nine months ended September 30, 2017 and October 1, 2016 (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		1,034,784			50,680			1,085,464
Stock options		13,300			—			13,300
Issuance of stock under award plans, net of forfeitures		30,787			—			30,787
Amortization of unearned compensation		1,000			—			1,000
Treasury stock acquired		(90,305	)		—			(90,305	)
Dividends declared		(364,046	)		—			(364,046	)
Distributions to noncontrolling interests		—			(85,094	)		(85,094	)
Stockholders’ equity at September 30, 2017	$	8,505,385		$	340,429		$	8,845,814
	Attributable to Nucor Corporation			Attributable to Noncontrolling Interests			Total
Stockholders’ equity at December 31, 2015	$	7,477,816		$	372,061		$	7,849,877
Total comprehensive income		699,410			88,599			788,009
Stock options		13,229			—			13,229
Issuance of stock under award plans, net of forfeitures		25,929			—			25,929
Amortization of unearned compensation		600			—			600
Treasury stock acquired		(5,173	)		—			(5,173	)
Dividends declared		(360,955	)		—			(360,955	)
Distributions to noncontrolling interests		—			(86,808	)		(86,808	)
Other		(602	)		(1,776	)		(2,378	)
Stockholders’ equity at October 1, 2016	$	7,850,254		$	372,076		$	8,222,330

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 September 30, 2017, the Company had approximately $738.0 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.