Reconciliations of Equity

6 Months Ended

Jun. 30, 2012

Reconciliations of Equity [Abstract]

RECONCILIATIONS OF EQUITY

2. RECONCILIATIONS OF EQUITY

Below are reconciliations of total equity, Company equity and equity attributable to the noncontrolling interests for the six months ended June 30, 2012 and 2011:

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2012	$	405,465		$	401,211		$	4,254
Net income		43,875			43,727			148
Purchase of remaining interest in Stepan Philippines, Inc. from noncontrolling interest		(2,000	)		748			(2,748	)
Dividends		(6,148	)		(6,148	)		—
Common stock purchases (1)		(1,761	)		(1,761	)		—
Stock option exercises		2,320			2,320			—
Defined benefit pension adjustments, net of tax		1,164			1,164			—
Translation adjustments		(2,020	)		(2,074	)		54
Derivative instrument activity, net of tax		64			64			—
Other (2)		3,908			3,908			—
Balance at June 30, 2012	$	444,867		$	443,159		$	1,708
Balance at January 1, 2011	$	353,071		$	349,491		$	3,580
Net income		39,822			39,628			194
Dividends		(5,638	)		(5,638	)		—
Common stock purchases (1)		(2,274	)		(2,274	)		—
Stock option exercises		889			889			—
Defined benefit pension adjustments, net of tax		1,044			1,044			—
Translation adjustments		10,081			10,039			42
Derivative instrument gain, net of tax		389			389			—
Other (2)		3,603			3,603			—
Balance at June 30, 2011	$	400,987		$	397,171		$	3,816

⁽¹⁾  Includes the value of Company shares purchased in the open market and the value of Company common shares tendered by employees to settle minimum statutory withholding taxes related to the receipt of performance awards and deferred compensation distributions.

⁽²⁾  Primarily comprised of activity related to stock-based compensation, deferred compensation and excess tax benefits.

^{(3 )}  Includes partners’ noncontrolling interests in the Company’s China and Philippines joint ventures. See Note 13 for information regarding the Company’s purchase of the remaining ownership interest in the Philippine joint venture.