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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 Income (Loss)
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        
Stockholders' Equity [Roll Forward]            
Net (loss) income 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)   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)   (45,545)        
Repurchase of common stock [1] (12.5)       (12.5)  
Repurchase of common stock (shares) [1]   (152,763)        
Cash dividends declared [2] (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   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        
Stockholders' Equity [Roll Forward]            
Net (loss) income 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        
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   15,789,594        
Stockholders' Equity [Roll Forward]            
Net (loss) income (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)   22,575        
Repurchase of common stock (shares)   0        
Cash dividends declared [2] (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   15,812,169        
Stockholders' Equity [Roll Forward]            
Net (loss) income 0.4     0.4    
Other comprehensive income (loss), net of tax 8.2         8.2
Repurchase of common stock (shares)   0        
Cash dividends declared [2] (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        
Beginning balance at Dec. 31, 2020 $ 732.4 $ 0.2 1,068.6 158.2 (475.9) (18.7)
Beginning balance (shares) at Dec. 31, 2020 15,812,169 15,812,169 [3],[4]        
Stockholders' Equity [Roll Forward]            
Net (loss) income $ 4.5     4.5    
Other comprehensive income (loss), net of tax 9.1         9.1
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [3],[4]   56,394        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (2.4)   (2.4)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares) [3],[4]   (20,625)        
Repurchase of common stock (shares)   0        
Cash dividends declared [5] (11.7)     (11.7)    
Amortization of unearned equity compensation 3.1   3.1      
Ending balance at Mar. 31, 2021 735.0 $ 0.2 1,069.3 151.0 (475.9) (9.6)
Ending balance (shares) at Mar. 31, 2021 [3],[4]   15,847,938        
Beginning balance at Dec. 31, 2020 $ 732.4 $ 0.2 1,068.6 158.2 (475.9) (18.7)
Beginning balance (shares) at Dec. 31, 2020 15,812,169 15,812,169 [3],[4]        
Stockholders' Equity [Roll Forward]            
Net (loss) income $ (20.2)          
Other comprehensive income (loss), net of tax 35.8          
Ending balance at Sep. 30, 2021 $ 721.0 $ 0.2 1,076.6 103.0 (475.9) 17.1
Ending balance (shares) at Sep. 30, 2021 15,862,672 15,862,672 [3],[4]        
Beginning balance at Mar. 31, 2021 $ 735.0 $ 0.2 1,069.3 151.0 (475.9) (9.6)
Beginning balance (shares) at Mar. 31, 2021 [3],[4]   15,847,938        
Stockholders' Equity [Roll Forward]            
Net (loss) income (22.4)     (22.4)    
Other comprehensive income (loss), net of tax 15.9         15.9
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) [3],[4]   12,291        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares) [3],[4]   (409)        
Repurchase of common stock (shares)   0        
Cash dividends declared [5] (11.7)     (11.7)    
Amortization of unearned equity compensation 3.6   3.6      
Ending balance at Jun. 30, 2021 720.7 $ 0.2 1,073.2 116.9 (475.9) 6.3
Ending balance (shares) at Jun. 30, 2021 [3],[4]   15,859,820        
Stockholders' Equity [Roll Forward]            
Net (loss) income (2.3)     (2.3)    
Other comprehensive income (loss), net of tax 10.8         10.8
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [3],[4]   3,431        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (0.1)   (0.1)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares) [3],[4]   (579)        
Repurchase of common stock (shares)   0        
Cash dividends declared [5] (11.6)     (11.6)    
Amortization of unearned equity compensation 3.5   3.5      
Ending balance at Sep. 30, 2021 $ 721.0 $ 0.2 $ 1,076.6 $ 103.0 $ (475.9) $ 17.1
Ending balance (shares) at Sep. 30, 2021 15,862,672 15,862,672 [3],[4]        
[1] Weighted-average repurchase price (dollars per share) for the quarter ended March 31, 2020 was $81.94. There was no repurchase of common stock for the quarters ended June 30, 2020 and September 30, 2020.
[2] Dividends declared per common share was $0.67 for each of the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020.
[3] At September 30, 2021, 710,580 shares were available for awards under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan (“2021 Plan”).
[4] There were no repurchases of common stock during the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021. At September 30, 2021, $93.1 million remained available to repurchase our common shares pursuant to the stock repurchase program.
[5] Dividends declared per common share was $0.72 for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021.