XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Consolidated Statements of Income [Abstract]      
Net Sales (Note 1) $ 1,803,737 $ 1,843,092 $ 1,431,122
Cost of Sales 1,512,184 1,587,539 1,195,144
Gross Profit 291,553 255,553 235,978
Operating Expenses:      
Selling (Note 1) 53,145 45,807 40,273
Administrative (Note 1) 63,979 50,766 49,501
Research, development and technical services (Note 1) 45,713 40,524 38,307
Total Operating Expenses 162,837 137,097 128,081
Operating Income 128,716 118,456 107,897
Other Income (Expense):      
Interest, net (Note 6) (9,599) (9,095) (6,341)
Loss from equity in joint ventures (Note 1) (4,724) (3,616) (1,663)
Other, net (Note 8) 1,329 (851) 1,586
Total Other Income (Expense) (12,994) (13,562) (6,418)
Income Before Provision For Income Taxes 115,722 104,894 101,479
Provision for Income Taxes (Note 9) 36,035 32,292 35,888
Net Income 79,687 72,602 65,591
Net Income Attributable to Noncontrolling Interests (Note 1) (291) (626) (164)
Net Income Attributable to Stepan Company $ 79,396 $ 71,976 $ 65,427
Net Income Per Common Share Attributable to Stepan Company (Note 18):      
Basic $ 3.71 $ 3.44 $ 3.18
Diluted $ 3.49 $ 3.21 $ 2.95
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 18):      
Basic 21,273 20,726 20,326
Diluted 22,730 22,440 22,180