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Stockholders' Equity
 3 Months Ended
Apr. 03, 2021
Equity [Abstract]  
Stockholders' Equity

12. 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 ended April 3, 2021 and April 4, 2020 (in thousands):

 

 

 

 

 

 

 

Three Months (13 Weeks) Ended April 3, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2020

 

$

11,231,861

 

 

 

380,154

 

 

$

152,061

 

 

$

2,121,288

 

 

$

11,343,852

 

 

$

(118,861

)

 

 

77,909

 

 

$

(2,709,675

)

 

$

10,788,665

 

 

$

443,196

 

Net earnings

 

 

987,514

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

942,432

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

942,432

 

 

 

45,082

 

Other comprehensive income (loss)

 

 

15,301

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

15,301

 

 

 

-

 

 

 

-

 

 

 

15,301

 

 

 

-

 

Stock options exercised

 

 

107,524

 

 

 

-

 

 

 

-

 

 

 

30,488

 

 

 

-

 

 

 

-

 

 

 

(2,135

)

 

 

77,036

 

 

 

107,524

 

 

 

-

 

Stock option expense

 

 

333

 

 

 

-

 

 

 

-

 

 

 

333

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

333

 

 

 

-

 

Issuance of stock under award plans,

   net of forfeitures

 

 

15,602

 

 

 

-

 

 

 

-

 

 

 

6,900

 

 

 

-

 

 

 

-

 

 

 

(242

)

 

 

8,702

 

 

 

15,602

 

 

 

-

 

Amortization of unearned

   compensation

 

 

1,900

 

 

 

-

 

 

 

-

 

 

 

1,900

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,900

 

 

 

-

 

Treasury stock acquired

 

 

(301,859

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

5,380

 

 

 

(301,859

)

 

 

(301,859

)

 

 

-

 

Cash dividends declared

 

 

(122,658

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(122,658

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(122,658

)

 

 

-

 

Distributions to noncontrolling

   interests

 

 

(73,795

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(73,795

)

BALANCES, April 3, 2021

 

$

11,861,723

 

 

 

380,154

 

 

$

152,061

 

 

$

2,160,909

 

 

$

12,163,626

 

 

$

(103,560

)

 

 

80,912

 

 

$

(2,925,796

)

 

$

11,447,240

 

 

$

414,483

 

 

 

 

 

 

 

 

Three Months (13 Weeks) Ended April 4, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2019

 

$

10,791,176

 

 

 

380,154

 

 

$

152,061

 

 

$

2,107,646

 

 

$

11,115,056

 

 

$

(302,966

)

 

 

78,342

 

 

$

(2,713,931

)

 

$

10,357,866

 

 

$

433,310

 

Net earnings

 

 

54,379

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

20,331

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

20,331

 

 

 

34,048

 

Other comprehensive income (loss)

 

 

(64,661

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(64,661

)

 

 

-

 

 

 

-

 

 

 

(64,661

)

 

 

-

 

Stock options exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Stock option expense

 

 

275

 

 

 

-

 

 

 

-

 

 

 

275

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

275

 

 

 

-

 

Issuance of stock under award plans,

   net of forfeitures

 

 

16,189

 

 

 

-

 

 

 

-

 

 

 

11,049

 

 

 

-

 

 

 

-

 

 

 

(148

)

 

 

5,140

 

 

 

16,189

 

 

 

-

 

Amortization of unearned

   compensation

 

 

400

 

 

 

-

 

 

 

-

 

 

 

400

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

400

 

 

 

-

 

Treasury stock acquired

 

 

(39,499

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

825

 

 

 

(39,499

)

 

 

(39,499

)

 

 

-

 

Cash dividends declared

 

 

(122,697

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(122,697

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(122,697

)

 

 

-

 

Distributions to noncontrolling

   interests

 

 

(39,493

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(39,493

)

BALANCES, April 4, 2020

 

$

10,596,069

 

 

 

380,154

 

 

$

152,061

 

 

$

2,119,370

 

 

$

11,012,690

 

 

$

(367,627

)

 

 

79,019

 

 

$

(2,748,290

)

 

$

10,168,204

 

 

$

427,865

 

 

 

 

 

Dividends declared per share were $0.405 per share in the first quarter of 2021 ($0.4025 per share in the first quarter of 2020).

On September 6, 2018, the Company announced that the Board of Directors had approved a new share repurchase program under which the Company is authorized to repurchase up to $2.00 billion of the Company’s common stock and terminated any previously authorized share repurchase programs. 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. As of April 3, 2021, the Company had approximately $857.5 million remaining available for share repurchases under the program.