Reconciliations of Equity

6 Months Ended

Jun. 30, 2015

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 six months ended June 30, 2015 and 2014:

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2015	$	536,944		$	535,546		$	1,398
Net income		38,227			38,184			43
Dividends		(8,061	)		(8,061	)		—
Common stock purchases (1)		(273	)		(273	)		—
Stock option exercises		359			359			—
Defined benefit pension adjustments, net of tax		1,499			1,499			—
Translation adjustments		(19,195	)		(19,197	)		2
Derivative instrument activity, net of tax		(26	)		(26	)		—
Other (2)		2,488			2,488			—
Balance at June 30, 2015	$	551,962		$	550,519		$	1,443

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2014	$	553,741		$	552,286		$	1,455
Net income		37,376			37,371			5
Dividends		(7,592	)		(7,592	)		—
Common stock purchases (1)		(5,058	)		(5,058	)		—
Stock option exercises		1,449			1,449			—
Defined benefit pension adjustments, net of tax		820			820			—
Translation adjustments		3,812			3,859			(47	)
Derivative instrument activity, net of tax		4			4			—
Other (2)		1,825			1,825			—
Balance at June 30, 2014	$	586,377		$	584,964		$	1,413

⁽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⁾ Reflects the noncontrolling interest in the Company’s China joint venture.