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STATEMENTS OF CONSOLIDATED STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2018 $ 740.4 $ 0.2 $ 1,059.3 $ 150.2 $ (420.5) $ (48.8)
Beginning balance (shares) at Dec. 31, 2018   16,234,603        
Stockholders' Equity [Roll Forward]            
Net income (loss) 28.0     28.0    
Other comprehensive income (loss), net of tax 9.7         9.7
Common shares issued (including impacts from Long-Term Incentive programs) (shares)   122,309        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (5.0)   (5.0)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares)   (46,388)        
Repurchase of common stock [1] (17.4)       (17.4)  
Repurchase of common stock (shares) [1]   (175,977)        
Cash dividends declared [2] (10.2)     (10.2)    
Amortization of unearned equity compensation 2.4   2.4      
Ending balance at Mar. 31, 2019 747.9 $ 0.2 1,056.7 168.0 (437.9) (39.1)
Ending balance (shares) at Mar. 31, 2019   16,134,547        
Beginning balance at Dec. 31, 2018 740.4 $ 0.2 1,059.3 150.2 (420.5) (48.8)
Beginning balance (shares) at Dec. 31, 2018   16,234,603        
Stockholders' Equity [Roll Forward]            
Net income (loss) 72.6          
Other comprehensive income (loss), net of tax 5.6          
Ending balance at Sep. 30, 2019 751.4 $ 0.2 1,061.5 193.0 (460.1) (43.2)
Ending balance (shares) at Sep. 30, 2019   15,900,956        
Beginning balance at Mar. 31, 2019 747.9 $ 0.2 1,056.7 168.0 (437.9) (39.1)
Beginning balance (shares) at Mar. 31, 2019   16,134,547        
Stockholders' Equity [Roll Forward]            
Net income (loss) 19.2     19.2    
Other comprehensive income (loss), net of tax (3.2)         (3.2)
Common shares issued (including impacts from Long-Term Incentive programs) 0.3   0.3      
Common shares issued (including impacts from Long-Term Incentive programs) (shares)   14,700        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (1.2)   (1.2)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares)   (12,395)        
Repurchase of common stock [1] (10.2)       (10.2)  
Repurchase of common stock (shares) [1]   (108,177)        
Cash dividends declared [2] (9.9)     (9.9)    
Amortization of unearned equity compensation 3.4   3.4      
Ending balance at Jun. 30, 2019 746.3 $ 0.2 1,059.2 177.3 (448.1) (42.3)
Ending balance (shares) at Jun. 30, 2019   16,028,675        
Stockholders' Equity [Roll Forward]            
Net income (loss) 25.4     25.4    
Other comprehensive income (loss), net of tax (0.9)         (0.9)
Issuance of non-vested shares to non-employee directors (shares)   896        
Repurchase of common stock [1] (12.0)       (12.0)  
Repurchase of common stock (shares) [1]   (128,615)        
Cash dividends declared [2] (9.7)     (9.7)    
Amortization of unearned equity compensation 2.3   2.3      
Ending balance at Sep. 30, 2019 751.4 $ 0.2 1,061.5 193.0 (460.1) (43.2)
Ending balance (shares) at Sep. 30, 2019   15,900,956        
Beginning balance at Dec. 31, 2019 $ 733.9 $ 0.2 1,062.9 172.8 (463.4) (38.6)
Beginning balance (shares) at Dec. 31, 2019 15,868,304 15,868,304 [3]        
Stockholders' Equity [Roll Forward]            
Net income (loss) $ 29.1     29.1    
Other comprehensive income (loss), net of tax (15.5)         (15.5)
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [3]   119,598        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (4.3)   (4.3)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares) [3]   (45,545)        
Repurchase of common stock [4] (12.5)       (12.5)  
Repurchase of common stock (shares) [3],[4]   (152,763)        
Cash dividends declared [5] (11.3)     (11.3)    
Amortization of unearned equity compensation 1.7   1.7      
Ending balance at Mar. 31, 2020 721.1 $ 0.2 1,060.3 190.6 (475.9) (54.1)
Ending balance (shares) at Mar. 31, 2020 [3]   15,789,594        
Beginning balance at Dec. 31, 2019 $ 733.9 $ 0.2 1,062.9 172.8 (463.4) (38.6)
Beginning balance (shares) at Dec. 31, 2019 15,868,304 15,868,304 [3]        
Stockholders' Equity [Roll Forward]            
Net income (loss) $ 22.9          
Other comprehensive income (loss), net of tax 4.6          
Ending balance at Sep. 30, 2020 $ 719.3 $ 0.2 1,066.0 163.0 (475.9) (34.0)
Ending balance (shares) at Sep. 30, 2020 15,812,169 15,812,169 [3]        
Beginning balance at Mar. 31, 2020 $ 721.1 $ 0.2 1,060.3 190.6 (475.9) (54.1)
Beginning balance (shares) at Mar. 31, 2020 [3]   15,789,594        
Stockholders' Equity [Roll Forward]            
Net income (loss) (6.6)     (6.6)    
Other comprehensive income (loss), net of tax 11.9         11.9
Common shares issued (including impacts from Long-Term Incentive programs) 0.4   0.4      
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [3]   22,575        
Repurchase of common stock (shares)   0        
Cash dividends declared [5] (10.6)     (10.6)    
Amortization of unearned equity compensation 2.6   2.6      
Ending balance at Jun. 30, 2020 718.8 $ 0.2 1,063.3 173.4 (475.9) (42.2)
Ending balance (shares) at Jun. 30, 2020 [3]   15,812,169        
Stockholders' Equity [Roll Forward]            
Net income (loss) 0.4     0.4    
Other comprehensive income (loss), net of tax 8.2         8.2
Repurchase of common stock (shares)   0        
Cash dividends declared [5] (10.8)     (10.8)    
Amortization of unearned equity compensation 2.7   2.7      
Ending balance at Sep. 30, 2020 $ 719.3 $ 0.2 $ 1,066.0 $ 163.0 $ (475.9) $ (34.0)
Ending balance (shares) at Sep. 30, 2020 15,812,169 15,812,169 [3]        
[1] Weighted-average repurchase price (dollars per share) for the quarters ended March 31, 2019, June 30, 2019 and September 30, 2019 was $98.55, $95.00 and $92.95, respectively.
[2] Dividends declared per common share were $0.60 for each of the quarters ended March 31, 2019, June 30, 2019 and September 30, 2019.
[3] At September 30, 2020, 309,181 shares were available for awards under the Kaiser Aluminum Corporation 2016 Equity and Incentive Compensation Plan (“2016 Plan”).
[4] Weighted-average repurchase price (dollars per share) for the quarter ended March 31, 2020 was $81.94. There were no repurchases of common stock during the quarters ended June 30, 2020 and September 30, 2020. At September 30, 2020, $93.1 million remained available to repurchase our common shares pursuant to the stock repurchase program.
[5] Dividends declared per common share was $0.67 for each of the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020.