Reconciliations of Equity

3 Months Ended

Mar. 31, 2013

Reconciliations of Equity [Abstract]

RECONCILIATIONS OF EQUITY

2. RECONCILIATIONS OF EQUITY

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the three months ended March 31, 2013 and 2012:

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2013	$	480,880		$	478,985		$	1,895
Net income		18,997			19,034			(37	)
Dividends		(3,542	)		(3,542	)		—
Common stock purchases (1)		(1,059	)		(1,059	)		—
Stock option exercises		1,875			1,875			—
Defined benefit pension adjustments, net of tax		863			863			—
Translation adjustments		(4,416	)		(4,418	)		2
Derivative instrument activity, net of tax		(12	)		(12	)		—
Other (2)		1,303			1,303			—
Balance at March 31, 2013	$	494,889		$	493,029		$	1,860

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2012	$	405,465		$	401,211		$	4,254
Net income		22,364			22,302			62
Purchase of remaining interest in Stepan Philippines, Inc. from noncontrolling interest		(2,000	)		748			(2,748	)
Dividends		(3,072	)		(3,072	)		—
Common stock purchases (1)		(1,761	)		(1,761	)		—
Stock option exercises		1,896			1,896			—
Defined benefit pension adjustments, net of tax		582			582			—
Translation adjustments		8,534			8,459			75
Derivative instrument activity, net of tax		107			107			—
Other (2)		2,567			2,567			—
Balance at March 31, 2012	$	434,682		$	433,039		$	1,643

⁽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⁾  2013 includes noncontrolling interest in the Company’s China joint venture. 2012 includes noncontrolling interests in the Company’s China and Philippines joint ventures.