Reconciliations of Equity

3 Months Ended

Mar. 31, 2016

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, 2016 and 2015:

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2016	$	558,384		$	556,984		$	1,400
Net income		27,657			27,654			3
Dividends		(4,237	)		(4,237	)		—
Common stock purchases (1)		(1,143	)		(1,143	)		—
Stock option exercises		258			258			—
Defined benefit pension adjustments, net of tax		564			564			—
Translation adjustments		12,590			12,579			11
Derivative instrument activity, net of tax		(21	)		(21	)		—
Other (2)		2,191			2,191			—
Balance at March 31, 2016	$	596,243		$	594,829		$	1,414

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity (3)
Balance at January 1, 2015	$	536,944		$	535,546		$	1,398
Net income		21,286			21,270			16
Dividends		(4,047	)		(4,047	)		—
Common stock purchases (1)		(273	)		(273	)		—
Stock option exercises		167			167			—
Defined benefit pension adjustments, net of tax		749			749			—
Translation adjustments		(25,152	)		(25,137	)		(15	)
Derivative instrument activity, net of tax		(42	)		(42	)		—
Other (2)		846			846			—
Balance at March 31, 2015	$	530,478		$	529,079		$	1,399

⁽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 distributions of deferred performance awards and deferred incentive compensation.

⁽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.