Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

Below is the computation of basic and diluted earnings per share for the years ended December 31, 2015, 2014 and 2013:

(In thousands, except per share amounts)	2015		2014		2013
Computation of Basic Earnings per Share
Net income attributable to Stepan Company	$	75,968	$	57,101	$	72,828
Deduct dividends on preferred stock		—		—		43
Income applicable to common stock	$	75,968	$	57,101	$	72,871
Weighted-average number of shares outstanding		22,730		22,758		22,621
Basic earnings per share	$	3.34	$	2.51	$	3.22
Computation of Diluted Earnings per Share
Net income attributable to Stepan Company	$	75,968	$	57,101	$	72,828
Weighted-average number of shares outstanding		22,730		22,758		22,621
Add weighted-average net shares from assumed exercise of options (under treasury share  method)(1)		118		148		215
Add weighted-average net shares related to unvested    stock awards (under treasury share method)		3		11		8
Add weighted-average shares from assumed    conversion of convertible preferred stock	─		─			80
Add weighted-average net shares from assumed    exercise of SARs (under treasury share method)		1	─		─
Add weighted-average net shares from assumed exercise of contingent performance awards (under treasury share method)		6	─		─
Weighted-average shares applicable to diluted    earnings		22,858		22,917		22,924
Diluted earnings per share	$	3.32	$	2.49	$	3.18

(1)Options to purchase 124,531, 99,044 and 49,815 shares of common stock were not included in the computations of diluted earnings per share for the years ended December 31, 2015, 2014 and 2013, respectively. The options’ exercise prices were greater than the average market price for the common stock and the effect of the options on earnings per share would have been antidilutive.