XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 69,523 $ 84,099
Receivables, net 278,184 260,784
Inventories (Note 6) 137,852 111,175
Deferred income taxes 9,055 8,769
Other current assets 16,183 14,915
Total current assets 510,797 479,742
Property, Plant and Equipment:    
Cost 1,152,600 1,119,897
Less: accumulated depreciation 756,661 735,914
Property, plant and equipment, net 395,939 383,983
Goodwill, net 7,038 7,000
Other intangible assets, net 9,940 11,181
Long-term investments (Note 3) 13,445 12,464
Other non-current assets 6,138 6,748
Total assets 943,297 901,118
Current Liabilities:    
Current maturities of long-term debt (Note 11) 33,294 34,487
Accounts payable 140,604 137,764
Accrued liabilities 61,615 60,975
Total current liabilities 235,513 233,226
Deferred income taxes 9,990 8,644
Long-term debt, less current maturities (Note 11) 162,049 164,967
Other non-current liabilities 90,878 88,816
Commitments and Contingencies (Note 7)      
Equity:    
5-1/2% convertible preferred stock, cumulative, voting, without par value; authorized 2,000,000 shares; issued and outstanding 518,293 shares in 2012 and in 2011 12,957 12,957
Common stock, $1 par value; authorized 30,000,000 shares; Issued 11,831,942 shares in 2012 and 11,709,312 shares in 2011 11,832 11,709
Additional paid-in capital 101,564 94,932
Accumulated other comprehensive loss (42,134) (41,485)
Retained earnings 403,872 366,293
Less: Common treasury stock, at cost, 1,482,657 shares in 2012 and 1,462,980 shares in 2011 (44,932) (43,195)
Total Stepan Company stockholders' equity 443,159 401,211
Noncontrolling interests (Note 2) 1,708 4,254
Total equity 444,867 405,465
Total liabilities and equity $ 943,297 $ 901,118