Reconciliations of Equity

9 Months Ended

Sep. 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 nine months ended September 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		64,194			63,957			237
Purchase of remaining interest in Stepan Philippines, Inc. from noncontrolling interest		(2,000	)		748			(2,748	)
Dividends		(9,234	)		(9,234	)		—
Common stock purchases (1)		(5,408	)		(5,408	)		—
Stock option exercises		4,645			4,645			—
Defined benefit pension adjustments, net of tax		1,676			1,676			—
Translation adjustments		3,493			3,431			62
Derivative instrument activity, net of tax		98			98			—
Other (2)		4,829			4,829			—
Balance at September 30, 2012	$	467,758		$	465,953		$	1,805

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2011	$	353,071		$	349,491		$	3,580
Net income		59,053			58,797			256
Dividends		(8,466	)		(8,466	)		—
Common stock purchases (1)		(3,913	)		(3,913	)		—
Stock option exercises		3,111			3,111			—
Defined benefit pension adjustments, net of tax		1,433			1,433			—
Translation adjustments		(10,681	)		(10,799	)		118
Derivative instrument gain, net of tax		613			613			—
Other (2)		6,106			6,106			—
Balance at September 30, 2011	$	400,327		$	396,373		$	3,954

⁽¹⁾  Includes the value of Company shares purchased in the open market, 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 and the value of Company common shares tendered in lieu of cash for stock option exercises.

⁽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.