XML 61 R15.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

9.

EARNINGS PER SHARE

Below are the computations of basic and diluted earnings per share for the three months ended March 31, 2015 and 2014:

 

 

 

Three Months Ended

 

 

 

March 31

 

(In thousands, except per share amounts)

 

2015

 

 

2014

 

Computation of Basic Earnings per Share

 

 

 

 

 

 

 

 

Net income attributable to Stepan Company

 

$

21,270

 

 

$

13,018

 

Weighted-average number of shares outstanding

 

 

22,718

 

 

 

22,773

 

Basic earnings per share

 

$

0.94

 

 

$

0.57

 

 

 

 

 

 

 

 

 

 

Computation of Diluted Earnings per Share

 

 

 

 

 

 

 

 

Net income attributable to Stepan Company

 

$

21,270

 

 

$

13,018

 

Weighted-average number of shares outstanding

 

 

22,718

 

 

 

22,773

 

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

 

 

104

 

 

 

182

 

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

 

 

5

 

 

 

9

 

Weighted-average shares applicable to diluted earnings

 

 

22,827

 

 

 

22,964

 

Diluted earnings per share

 

$

0.93

 

 

$

0.57

 

 

(1)

Options to purchase 226,098 and 47,639 shares of Company common stock were excluded from the computation of diluted earnings per share for the three months ended March 31, 2015 and March 31, 2014, respectively.  The options’ exercise prices were greater than the average market price for the common stock and their effect would have been antidilutive.