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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net Sales $ 468,269 $ 445,897
Cost of Sales 376,171 352,398
Gross Profit 92,098 93,499
Operating Expenses:    
Selling 13,485 13,690
Administrative 17,971 18,700
Research, development and technical services 13,421 13,782
Deferred compensation expense 376 2,720
Total Operating expenses 45,253 48,892
Business restructuring expenses (Note 14) 786  
Operating Income 46,059 44,607
Other Income (Expense):    
Interest, net (2,992) (3,614)
Other, net (Note 13) 1,263 (525)
Nonoperating Income (Expense), Total (1,729) (4,139)
Income Before Provision for Income Taxes 44,330 40,468
Provision for Income Taxes [1] 12,418 12,549
Net Income [1] 31,912 27,919 [2]
Net (Income) Loss Attributable to Noncontrolling Interests (Note 2) 1 (3)
Net Income Attributable to Stepan Company(a) [1] $ 31,913 $ 27,916
Net Income Per Common Share Attributable to Stepan Company (Note 9):    
Basic [1] $ 1.39 $ 1.23
Diluted [1] $ 1.37 $ 1.22
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 9):    
Basic 22,901 22,733
Diluted [1] 23,331 22,899
Dividends Declared Per Common Share $ 0.21 $ 0.19
[1] The 2016 amounts for the noted line items have been immaterially changed from the amounts originally reported as a result of the Company’s fourth quarter 2016 adoption of Accounting Standards Update (ASU) No. 2019-9, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.
[2] Amounts for the noted line items have been immaterially changed from the amounts originally reported as a result of the Company’s fourth quarter 2016 adoption of ASU No. 2016-9, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.