Stockholders' Equity

9 Months Ended

Sep. 28, 2019

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 (Limited Partnership) of which Nucor owns 51%, for the three months and nine months ended September 28, 2019 and September 29, 2018 (in thousands):

				Three Months (13 Weeks) Ended September 28, 2019
														Accumulated									Total
								Additional						Other			Treasury Stock						Nucor
				Common Stock				Paid-in			Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, June 29, 2019	$	10,698,008			380,154	$	152,061	$	2,098,809		$	10,977,950		$	(297,760	)		76,997		$	(2,630,343	)	$	10,300,717		$	397,291
Net earnings		293,587			-		-		-			275,031			-			-			-			275,031			18,556
Other comprehensive income (loss)		(16,006	)		-		-		-			-			(16,006	)		-			-			(16,006	)		-
Stock options exercised		-			-		-		-			-			-			-			-			-			-
Stock option expense		275			-		-		275			-			-			-			-			275			-
Issuance of stock under award plans, net of forfeitures		11,339			-		-		9,365			-			-			(58	)		1,974			11,339			-
Amortization of unearned compensation		500			-		-		500			-			-			-			-			500			-
Treasury stock acquired		-			-		-		-			-			-			-			-			-			-
Cash dividends declared		(122,809	)		-		-		-			(122,809	)		-			-			-			(122,809	)		-
Distributions to noncontrolling interests		(3,861	)		-		-		-			-			-			-			-			-			(3,861	)
Other		-			-		-		(1	)		-			-			-			1			-			-
BALANCES, September 28, 2019	$	10,861,033			380,154	$	152,061	$	2,108,948		$	11,130,172		$	(313,766	)		76,939		$	(2,628,368	)	$	10,449,047		$	411,986

				Nine Months (39 Weeks) Ended September 28, 2019
														Accumulated									Total
								Additional						Other			Treasury Stock						Nucor
				Common Stock				Paid-in			Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, December 31, 2018	$	10,201,968			380,154	$	152,061	$	2,073,715		$	10,337,445		$	(304,133	)		74,562		$	(2,467,010	)	$	9,792,078		$	409,890
Net earnings		1,236,657			-		-		-			1,163,320			-			-			-			1,163,320			73,337
Other comprehensive income (loss)		(11,519	)		-		-		-			-			(11,519	)		-			-			(11,519	)		-
Stock options exercised		5,892			-		-		808			-			-			(153	)		5,084			5,892			-
Stock option expense		4,387			-		-		4,387			-			-			-			-			4,387			-
Issuance of stock under award plans, net of forfeitures		59,608			-		-		28,540			-			-			(920	)		31,068			59,608			-
Amortization of unearned compensation		1,500			-		-		1,500			-			-			-			-			1,500			-
Treasury stock acquired		(197,511	)		-		-		-			-			-			3,450			(197,511	)		(197,511	)		-
Cash dividends declared		(368,707	)		-		-		-			(368,707	)		-			-			-			(368,707	)		-
Distributions to noncontrolling interests		(71,241	)		-		-		-			-			-			-			-			-			(71,241	)
Other		(1	)		-		-		(2	)		(1,886	)		1,886			-			1			(1	)		-
BALANCES, September 28, 2019	$	10,861,033			380,154	$	152,061	$	2,108,948		$	11,130,172		$	(313,766	)		76,939		$	(2,628,368	)	$	10,449,047		$	411,986

				Three Months (13 Weeks) Ended September 29, 2018
														Accumulated									Total
								Additional						Other			Treasury Stock						Nucor
				Common Stock				Paid-in			Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, June 30, 2018	$	9,735,424			380,154	$	152,061	$	2,051,383		$	9,257,822		$	(296,032	)		63,810		$	(1,791,827	)	$	9,373,407		$	362,017
Net earnings		706,287			-		-		-			676,656			-			-			-			676,656			29,631
Other comprehensive income (loss)		21,425			-		-		-			-			21,425			-			-			21,425			-
Stock options exercised		11,822			-		-		4,572			-			-			(256	)		7,250			11,822			-
Stock option expense		312			-		-		312			-			-			-			-			312			-
Issuance of stock under award plans, net of forfeitures		9,598			-		-		8,633			-			-			(34	)		965			9,598			-
Amortization of unearned compensation		400			-		-		400			-			-			-			-			400			-
Treasury stock acquired		(181,077	)		-		-		-			-			-			2,701			(181,077	)		(181,077	)		-
Cash dividends declared		(120,406	)		-		-		-			(120,406	)		-			-			-			(120,406	)		-
Distributions to noncontrolling interests		(9,364	)		-		-		-			-			-			-			-			-			(9,364	)
Other		-			-		-		(1	)		1			-			-			-			-			-
BALANCES, September 29, 2018	$	10,174,421			380,154	$	152,061	$	2,065,299		$	9,814,073		$	(274,607	)		66,221		$	(1,964,689	)	$	9,792,137		$	382,284

				Nine Months (39 Weeks) Ended September 29, 2018
													Accumulated									Total
								Additional					Other			Treasury Stock						Nucor
				Common Stock				Paid-in		Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital		Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, December 31, 2017	$	9,084,788			379,900	$	151,960	$	2,021,339	$	8,463,709		$	(254,681	)		61,931		$	(1,643,291	)	$	8,739,036		$	345,752
Net earnings		1,800,014			-		-		-		1,713,988			-			-			-			1,713,988			86,026
Other comprehensive income (loss)		(19,926	)		-		-		-		-			(19,926	)		-			-			(19,926	)		-
Stock options exercised		24,102			210		84		14,675		-			-			(334	)		9,343			24,102			-
Stock option expense		4,249			-		-		4,249		-			-			-			-			4,249			-
Issuance of stock under award plans, net of forfeitures		44,304			44		17		23,636		-			-			(754	)		20,651			44,304			-
Amortization of unearned compensation		1,400			-		-		1,400		-			-			-			-			1,400			-
Treasury stock acquired		(351,392	)		-		-		-		-			-			5,378			(351,392	)		(351,392	)		-
Cash dividends declared		(363,624	)		-		-		-		(363,624	)		-			-			-			(363,624	)		-
Distributions to noncontrolling interests		(49,494	)		-		-		-		-			-			-			-			-			(49,494	)
BALANCES, September 29, 2018	$	10,174,421			380,154	$	152,061	$	2,065,299	$	9,814,073		$	(274,607	)		66,221		$	(1,964,689	)	$	9,792,137		$	382,284

Dividends declared per share were $0.40 per share in the third quarter of 2019 ($0.38 per share in the third quarter of 2018) and $1.20 per share in the first nine months of 2019 ($1.14 per share in the first nine months of 2018).

In September 2018, the Company announced that the Board of Directors had approved a share repurchase program under which the Company is authorized to repurchase up to $2.0 billion of the Company’s common stock. Share repurchases will be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The share repurchase authorization is discretionary and has no expiration date. The Board of Directors also terminated any previously authorized share repurchase programs. As of September 28, 2019, the Company had approximately $1.3 billion remaining available for share repurchases under the program.