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Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Stockholders' Equity
13.

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 Limited Partnership, of which Nucor owns 51%, for the six months ended June 30, 2018 and July 1, 2017 (in thousands):

 

     Attributable to
Nucor Corporation
     Attributable to
Noncontrolling Interests
     Total  

Stockholders’ equity at December 31, 2017

   $ 8,739,036      $ 345,752      $ 9,084,788  

Total comprehensive income

     995,981        56,395        1,052,376  

Stock options

     16,218        —          16,218  

Issuance of stock under award plans, net of forfeitures

     34,706        —          34,706  

Amortization of unearned compensation

     1,000        —          1,000  

Treasury stock acquired

     (170,315      —          (170,315

Dividends declared

     (243,219      —          (243,219

Distributions to noncontrolling interests

     —          (40,130      (40,130
  

 

 

    

 

 

    

 

 

 

Stockholders’ equity at June 30, 2018

   $ 9,373,407      $ 362,017      $ 9,735,424  
  

 

 

    

 

 

    

 

 

 
     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

     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  
  

 

 

    

 

 

    

 

 

 

In September 2015, the Company announced that the Board of Directors had approved a share repurchase program under which the Company is authorized to repurchase up to $900.0 million of the Company’s common stock. This $900.0 million share repurchase program has no stated expiration and replaced any previously authorized repurchase programs. As of June 30, 2018, the Company had approximately $567.7 million remaining available for share repurchases 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.