57 / Schnitzer Steel Industries, Inc. Form 10-K 2021 SCHNITZER STEEL INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF EQUITY (In thousands, except per share amounts) (Currency – U.S. Dollar) Accumulated Common Stock Additional Other Total SSI Class A Class B Paid-in Retained Comprehensive Shareholders’ Noncontrolling Total Shares Amount Shares Amount Capital Earnings Loss Equity Interests Equity Balance as of September 1, 2018 26,502 $ 26,502 200 $ 200 $ 36,929 $ 639,684 $ (37,237) $ 666,078 $ 4,032 $ 670,110 Net income — — — — — 56,345 — 56,345 1,977 58,322 Other comprehensive loss, net of tax — — — — — — (1,526) (1,526) — (1,526) Distributions to noncontrolling interests — — — — — — — — (1,677) (1,677) Share repurchases (527) (527) — — (12,556) — — (13,083) — (13,083) Restricted stock withheld for taxes (278) (278) — — (7,206) — — (7,484) — (7,484) Issuance of restricted stock 767 767 — — (767) — — — — — Share-based compensation cost — — — — 17,300 — — 17,300 — 17,300 Dividends ($0.75 per common share) — — — — — (20,666) — (20,666) — (20,666) Balance as of August 31, 2019 26,464 26,464 200 200 33,700 675,363 (38,763) 696,964 4,332 701,296 Cumulative effect on adoption of new accounting guidance for leases, net of tax — — — — — (463) — (463) — (463) Balance as of September 1, 2019 26,464 26,464 200 200 33,700 674,900 (38,763) 696,501 4,332 700,833 Net (loss) income — — — — — (4,145) — (4,145) 1,945 (2,200) Other comprehensive income, net of tax — — — — — — 1,892 1,892 — 1,892 Distributions to noncontrolling interests — — — — — — — — (2,548) (2,548) Share repurchases (53) (53) — — (861) — — (914) — (914) Issuance of restricted stock 762 762 — — (762) — — — — — Restricted stock withheld for taxes (274) (274) — — (5,571) — — (5,845) — (5,845) Share-based compensation cost — — — — 10,110 — — 10,110 — 10,110 Dividends ($0.75 per common share) — — — — — (20,892) — (20,892) — (20,892) Balance as of August 31, 2020 26,899 26,899 200 200 36,616 649,863 (36,871) 676,707 3,729 680,436 Net income — — — — — 165,112 — 165,112 4,863 169,975 Other comprehensive income, net of tax — — — — — — 2,317 2,317 — 2,317 Distributions to noncontrolling interests — — — — — — — — (4,577) (4,577) Issuance of restricted stock 657 657 — — (657) — — — — — Restricted stock withheld for taxes (224) (224) — — (5,414) — — (5,638) — (5,638) Share-based compensation cost — — — — 18,529 — — 18,529 — 18,529 Dividends ($0.75 per common share) — — — — — (21,263) — (21,263) — (21,263) Balance as of August 31, 2021 27,332 $ 27,332 200 $ 200 $ 49,074 $ 793,712 $ (34,554) $ 835,764 $ 4,015 $ 839,779 See Notes to the Consolidated Financial Statements.
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