XML 42 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net Sales $ 444,011 $ 491,429 $ 1,356,876 $ 1,472,982
Cost of Sales 366,413 426,330 1,123,324 1,273,270
Gross Profit 77,598 65,099 233,552 199,712
Operating Expenses:        
Selling 14,025 16,816 41,287 44,455
Administrative 12,154 14,933 55,548 38,416
Research, development and technical services 12,625 11,097 37,012 35,151
Total Operating expenses 38,804 42,846 133,847 118,022
Gain on sale of product line     2,862  
Operating Income 38,794 22,253 102,567 81,690
Other Income (Expense):        
Interest, net (3,837) (2,846) (10,760) (8,824)
Loss from equity in joint ventures (863) (1,148) (3,918) (3,842)
Other, net (Note 13) (981) (31) (94) 499
Nonoperating Income (Expense), Total (5,681) (4,025) (14,772) (12,167)
Income Before Provision for Income Taxes 33,113 18,228 87,795 69,523
Provision for Income Taxes 8,179 4,748 24,634 18,667
Net Income 24,934 13,480 63,161 50,856
Net (Income) Loss Attributable to Noncontrolling Interests (Note 2) (22) 11 (65) 6
Net Income Attributable to Stepan Company $ 24,912 $ 13,491 $ 63,096 $ 50,862
Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic $ 1.10 $ 0.59 $ 2.78 $ 2.24
Diluted $ 1.09 $ 0.59 $ 2.76 $ 2.22
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic 22,732 22,726 22,731 22,754
Diluted 22,853 22,875 22,851 22,923
Dividends Declared Per Common Share $ 0.18 $ 0.17 $ 0.54 $ 0.51