Reconciliations of Equity (Tables)

3 Months Ended

Mar. 31, 2017

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the three months ended March 31, 2017 and 2016:

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity ⁽³⁾
Balance at January 1, 2017	$	635,916		$	634,604		$	1,312
Net income		31,912			31,913			(1	)
Dividends		(4,606	)		(4,606	)		—
Common stock purchases ⁽¹⁾		(2,991	)		(2,991	)		—
Stock option exercises		835			835			—
Defined benefit pension adjustments, net of tax		565			565			—
Translation adjustments		10,454			10,441			13
Derivative instrument activity, net of tax		(2	)		(2	)		—
Other ⁽²⁾		2,474			2,474			—
Balance at March 31, 2017	$	674,557		$	673,233		$	1,324

(In thousands)	Total Equity			Stepan Company Equity			Noncontrolling Interests’ Equity ⁽³⁾
Balance at January 1, 2016	$	558,384		$	556,984		$	1,400
Net income⁽⁴⁾		27,919			27,916			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) (4)}		1,929			1,929			—
Balance at March 31, 2016	$	596,243		$	594,829		$	1,414

⁽¹⁾

Includes the value of Company shares purchased in the open market and the value of Company common shares tendered by employees to settle statutory withholding taxes related to distributions of deferred performance awards and deferred management incentive compensation and to exercises of stock appreciation rights.

⁽²⁾

Primarily comprised of activity related to stock-based compensation and deferred compensation.

⁽³⁾

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

⁽⁴⁾

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.