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STATEMENTS OF CONSOLIDATED STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid In Capital
Additional Paid In Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2017 $ 746.3 $ 10.3 $ 756.6 $ 0.2 $ 0.2 $ 1,055.9 $ 1,055.9 $ 85.5 $ 10.7 $ 96.2 $ (358.6) $ (358.6) $ (36.7) $ (0.4) $ (37.1)
Beginning balance (shares) at Dec. 31, 2017       16,773,586 16,773,586                    
Accounting Standards Update [Extensible List] kalu:AccountingStandardsUpdate201409And201601Member                            
Net income $ 91.7             91.7              
Other comprehensive income (loss), net of tax (11.7)                       (11.7)    
Common shares issued (including impacts from Long-Term Incentive programs) 0.2         0.2                  
Common shares issued (including impacts from Long-Term Incentive programs) (shares)       146,363                      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (6.9)         (6.9)                  
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares)       (68,195)                      
Repurchase of common stock [2] (61.9)                   (61.9)        
Repurchase of common stock (shares) [2]       (617,151)                      
Cash dividends declared [3] (37.7)             (37.7)              
Amortization of unearned equity compensation 10.1         10.1                  
Ending balance at Dec. 31, 2018 740.4     $ 0.2   1,059.3   150.2     (420.5)   (48.8)    
Ending balance (shares) at Dec. 31, 2018       16,234,603                      
Net income 62.0             62.0              
Other comprehensive income (loss), net of tax 10.2                       10.2    
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)       137,905                      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (6.2)         (6.2)                  
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares)       (58,783)                      
Repurchase of common stock [2] (42.9)                   (42.9)        
Repurchase of common stock (shares) [2]       (445,421)                      
Cash dividends declared [3] (39.4)             (39.4)              
Amortization of unearned equity compensation 9.5         9.5                  
Ending balance at Dec. 31, 2019 $ 733.9     $ 0.2   1,062.9   172.8     (463.4)   (38.6)    
Ending balance (shares) at Dec. 31, 2019 15,868,304     15,868,304                      
Net income $ 28.8             28.8              
Other comprehensive income (loss), net of tax 19.9                       19.9    
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)       142,173                      
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)       (45,545)                      
Repurchase of common stock [2] (12.5)                   (12.5)        
Repurchase of common stock (shares) [2]       (152,763)                      
Cash dividends declared [3] (43.4)             (43.4)              
Amortization of unearned equity compensation 9.6         9.6                  
Ending balance at Dec. 31, 2020 $ 732.4     $ 0.2   $ 1,068.6   $ 158.2     $ (475.9)   $ (18.7)    
Ending balance (shares) at Dec. 31, 2020 15,812,169     15,812,169                      
[1] Cumulative-effect adjustment relates to our adoption of Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) and ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10).
[2] Weighted-average repurchase price (dollars per share) for the years ended December 31, 2020, December 31, 2019 and December 31, 2018 was $81.94, $96.18 and $100.28, respectively. At December 31, 2020, $93.1 million remained available to repurchase our common shares pursuant to the stock repurchase program.
[3] Dividends declared per common share were $2.68, $2.40 and $2.20 during 2020, 2019 and 2018, respectively.