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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net Sales $ 495,101 $ 454,603 $ 963,370 $ 900,500
Cost of Sales 405,135 361,672 781,306 714,070
Gross Profit 89,966 92,931 182,064 186,430
Operating Expenses:        
Selling 13,259 14,572 26,744 28,262
Administrative 17,848 17,692 35,819 36,392
Research, development and technical services 14,296 14,256 27,717 28,038
Deferred compensation expense 5,016 2,434 5,392 5,154
Total Operating expenses 50,419 48,954 95,672 97,846
Business restructuring expenses (Note 14) 586 1,061 1,372 1,061
Operating Income 38,961 42,916 85,020 87,523
Other Income (Expense):        
Interest, net (2,863) (3,417) (5,855) (7,031)
Other, net (Note 13) 965 (303) 2,228 (828)
Nonoperating Income (Expense), Total (1,898) (3,720) (3,627) (7,859)
Income Before Provision for Income Taxes 37,063 39,196 81,393 79,664
Provision for Income Taxes [1] 9,167 10,695 21,585 23,244
Net Income [1] 27,896 28,501 59,808 56,420
Net Income Attributable to Noncontrolling Interests (Note 2) (14) (5) (13) (8)
Net Income Attributable to Stepan Company [1] $ 27,882 $ 28,496 $ 59,795 $ 56,412
Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic [1] $ 1.21 $ 1.25 $ 2.61 $ 2.48
Diluted [1] $ 1.19 $ 1.24 $ 2.56 $ 2.46
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic 22,953 22,760 22,927 22,746
Diluted [1] 23,381 23,004 23,356 22,950
Dividends Declared Per Common Share $ 0.21 $ 0.19 $ 0.41 $ 0.38
[1] The 2016 amounts for the noted 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. 2016-9, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.