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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) Income
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 [1]   15,812,169        
Net income (loss) 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) [1]   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) [1]   (20,625)        
Cash dividends declared [2] (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 [1]   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 [1]   15,812,169        
Net income (loss) (17.9)          
Other comprehensive income (loss), net of tax 25.0          
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 [1]   15,859,820        
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 [1]   15,847,938        
Net income (loss) (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) [1]   12,291        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares) [1]   (409)        
Cash dividends declared [2] (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 [1]   15,859,820        
Beginning balance at Dec. 31, 2021 $ 692.5 $ 0.2 1,078.9 93.0 (475.9) (3.7)
Beginning balance (shares) at Dec. 31, 2021 15,865,118 15,865,118 [3],[4]        
Net income (loss) $ 8.1     8.1    
Other comprehensive income (loss), net of tax 18.0         18.0
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [3],[4]   58,641        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (1.9)   (1.9)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares) [3],[4]   (19,643)        
Cash dividends declared [5] (12.5)     (12.5)    
Amortization of unearned equity compensation 4.0   4.0      
Ending balance at Mar. 31, 2022 708.2 $ 0.2 1,081.0 88.6 (475.9) 14.3
Ending balance (shares) at Mar. 31, 2022 [3],[4]   15,904,116        
Beginning balance at Dec. 31, 2021 $ 692.5 $ 0.2 1,078.9 93.0 (475.9) (3.7)
Beginning balance (shares) at Dec. 31, 2021 15,865,118 15,865,118 [3],[4]        
Net income (loss) $ (5.7)          
Other comprehensive income (loss), net of tax (17.6)          
Ending balance at Jun. 30, 2022 $ 650.0 $ 0.2 1,084.8 62.2 (475.9) (21.3)
Ending balance (shares) at Jun. 30, 2022 15,922,062 15,922,062 [3],[4]        
Beginning balance at Mar. 31, 2022 $ 708.2 $ 0.2 1,081.0 88.6 (475.9) 14.3
Beginning balance (shares) at Mar. 31, 2022 [3],[4]   15,904,116        
Net income (loss) (13.8)     (13.8)    
Other comprehensive income (loss), net of tax (35.6)         (35.6)
Common shares issued (including impacts from Long-Term Incentive programs) 0.6   0.6      
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [3],[4]   18,101        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (shares) [3],[4]   (155)        
Cash dividends declared [5] (12.6)     (12.6)    
Amortization of unearned equity compensation 3.2   3.2      
Ending balance at Jun. 30, 2022 $ 650.0 $ 0.2 $ 1,084.8 $ 62.2 $ (475.9) $ (21.3)
Ending balance (shares) at Jun. 30, 2022 15,922,062 15,922,062 [3],[4]        
[1] There were no repurchases of common stock during the quarters ended March 31, 2021 and June 30, 2021.
[2] Dividends declared per common share were $0.72 for the quarters ended March 31, 2021 and June 30, 2021.
[3] At June 30, 2022, 601,642 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, 2022 and June 30, 2022. At June 30, 2022, $93.1 million remained available to repurchase our common shares pursuant to the stock repurchase program.
[5] Dividends declared per common share were $0.77 for the quarters ended March 31, 2022 and June 30, 2022.