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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
                                 
    Three Months Ended
September 30
    Nine Months Ended
September 30
 
(In thousands, except per share amounts)   2012     2011     2012     2011  

Computation of Basic Earnings per Share

                               

Net income attributable to Stepan Company

  $ 20,230     $ 19,169     $ 63,957     $ 58,797  

Deduct dividends on preferred stock

    178       178       533       536  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income applicable to common stock

  $ 20,052     $ 18,991     $ 63,424     $ 58,261  
         

Weighted-average number of common shares outstanding

    10,581       10,365       10,553       10,345  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per share

  $ 1.90     $ 1.83     $ 6.01     $ 5.63  
   

 

 

   

 

 

   

 

 

   

 

 

 

Computation of Diluted Earnings per Share

                               

Net income attributable to Stepan Company

  $ 20,230     $ 19,169     $ 63,424     $ 58,797  
         

Weighted-average number of shares outstanding

    10,581       10,365       10,553       10,345  
         

Add weighted-average net shares issuable from assumed exercise of options (under treasury stock method) (1)

    193       237       207       241  
         

Add weighted-average contingently issuable net shares related to performance stock awards (under treasury stock method)

    —         51       —         17  
         

Add weighted-average net shares related to unvested stock awards (under treasury stock method)

    3       2       3       2  
         

Add weighted-average shares issuable from assumed conversion of convertible preferred stock

    591       593       591       594  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average shares applicable to diluted earnings

    11,368       11,248       11,354       11,199  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share

  $ 1.78     $ 1.70     $ 5.63     $ 5.25