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Changes in Equity (Tables) | 3 Months Ended
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Mar. 31, 2024
Changes in Equity |
Schedule of Stockholders' Equity | The following tables provide a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to stockholders of Steel Dynamics, Inc., and equity and redeemable amounts attributable to noncontrolling interests for each of the three-month periods ended March 31, 2024 and 2023 (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Stockholders of Steel Dynamics, Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Additional | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | Redeemable
​ | ​ | Common | ​ | Treasury | ​ | Paid-In | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total | ​ | Noncontrolling
​ | ​ | Stock | ​ | Stock | ​ | Capital | ​ | Earnings | ​ | Income (Loss) | ​ | Interests | ​ | Equity | ​ | Interests
Balances at December 31, 2023 | ​ | $ | 651 | ​ | $ | (5,897,606) | ​ | $ | 1,217,610 | ​ | $ | 13,545,590 | ​ | $ | 421 | ​ | $ | (198,351) | ​ | $ | 8,668,315 | ​ | $ | 171,212
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,624) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,624) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (969) | ​ | ​ | (969) | ​ | ​ | -
Share repurchases | ​ | ​ | - | ​ | ​ | (298,059) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (298,059) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 13,391 | ​ | ​ | (20,434) | ​ | ​ | (139) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (7,182) | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 584,041 | ​ | ​ | - | ​ | ​ | 3,459 | ​ | ​ | 587,500 | ​ | ​ | -
Other comprehensive income, net of tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (434) | ​ | ​ | - | ​ | ​ | (434) | ​ | ​ | -
Balances at March 31, 2024 | ​ | $ | 651 | ​ | $ | (6,182,274) | ​ | $ | 1,197,176 | ​ | $ | 14,056,868 | ​ | $ | (13) | ​ | $ | (195,861) | ​ | $ | 8,876,547 | ​ | $ | 171,212
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Stockholders of Steel Dynamics, Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Additional | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | Redeemable
​ | ​ | Common | ​ | Treasury | ​ | Paid-In | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total | ​ | Noncontrolling
​ | ​ | Stock | ​ | Stock | ​ | Capital | ​ | Earnings | ​ | Income (Loss) | ​ | Interests | ​ | Equity | ​ | Interests
Balances at December 31, 2022 | ​ | $ | 650 | ​ | $ | (4,459,513) | ​ | $ | 1,212,566 | ​ | $ | 11,375,765 | ​ | $ | 889 | ​ | $ | (216,055) | ​ | $ | 7,914,302 | ​ | $ | 181,503
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,316) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,316) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (7,387) | ​ | ​ | (7,387) | ​ | ​ | 4,702
Share repurchases | ​ | ​ | - | ​ | ​ | (353,997) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (353,997) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 12,997 | ​ | ​ | (18,487) | ​ | ​ | (138) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (5,628) | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 637,310 | ​ | ​ | - | ​ | ​ | 7,023 | ​ | ​ | 644,333 | ​ | ​ | -
Other comprehensive income, net of tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 911 | ​ | ​ | - | ​ | ​ | 911 | ​ | ​ | -
Balances at March 31, 2023 | ​ | $ | 650 | ​ | $ | (4,800,513) | ​ | $ | 1,194,079 | ​ | $ | 11,940,621 | ​ | $ | 1,800 | ​ | $ | (216,419) | ​ | $ | 8,120,218 | ​ | $ | 186,205
​

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 + Details
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