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Quarterly Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Information

 

     (in thousands, except per share data)  
   Year Ended December 31, 2018  
     First Quarter      Second Quarter      Third Quarter      Fourth Quarter  

Net sales

    $ 5,568,419      $ 6,460,774      $ 6,742,202      $ 6,295,884  

Gross margin (1)

      726,406        1,166,590        1,290,150        1,112,262  

Net earnings (2)

      380,112        713,615        706,287        681,070  

Net earnings attributable to Nucor stockholders (2)

      354,179        683,153        676,656        646,779  

Net earnings per share:

            

Basic

    $ 1.11      $ 2.14      $ 2.13      $ 2.08  

Diluted

    $ 1.10      $ 2.13      $ 2.13      $ 2.07  
     (in thousands, except per share data)  
   Year Ended December 31, 2017  
     First Quarter      Second Quarter      Third Quarter      Fourth Quarter  

Net sales

    $ 4,815,179      $ 5,174,769      $ 5,170,117      $ 5,092,328  

Gross margin (3)

      760,250        709,625        578,964        520,568  

Net earnings (4)

      377,648        341,724        266,105        395,094  

Net earnings attributable to Nucor stockholders (4)

      356,899        323,048        254,850        383,891  

Net earnings per share:

            

Basic

    $ 1.11      $ 1.00      $ 0.79      $ 1.20  

Diluted

    $ 1.11      $ 1.00      $ 0.79      $ 1.20  

 

(1)

Second quarter results include a benefit of $9.6 million related to insurance recoveries. Third quarter results include a benefit of $18.0 million related to insurance recoveries.
(2)

First quarter results include the write off of deferred tax assets of $21.8 million due to the change in the tax status of a subsidiary. Second quarter results include a benefit of $23.3 million (which includes the amount in gross margin) related to insurance recoveries. Third quarter results include a non-cash impairment charge of $110.0 million related to our proved producing natural gas well assets, as well as a benefit of $24.8 million (which includes the amount in gross margin) related to insurance recoveries.
(3)

First quarter results include inventory-related purchase accounting charges of $9.8 million related to the acquisition of Southland and Republic.
(4)

Third quarter results include a net benefit of $13.2 million related to tax return true-ups and state tax credits as well as an expense of $22.5 million related to certain legal matters. Fourth quarter results include a provisional net benefit of $175.2 million related to the impacts of U.S. federal tax legislation enacted in the fourth quarter of 2017.