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Reconciliations of Equity (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Reconciliations of Total Equity

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the six months ended June 30, 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

 

 

59,808

 

 

 

59,795

 

 

 

13

 

Dividends

 

 

(9,225

)

 

 

(9,225

)

 

 

—

 

Common stock purchases (1)

 

 

(3,191

)

 

 

(3,191

)

 

 

—

 

Stock option exercises

 

 

2,518

 

 

 

2,518

 

 

 

—

 

Defined benefit pension adjustments, net of tax

 

 

1,132

 

 

 

1,132

 

 

 

—

 

Translation adjustments

 

 

16,451

 

 

 

16,418

 

 

 

33

 

Derivative instrument activity, net of tax

 

 

(5

)

 

 

(5

)

 

 

—

 

Other (2)

 

 

5,295

 

 

 

5,295

 

 

 

—

 

Balance at June 30, 2017

 

$

708,699

 

 

$

707,341

 

 

$

1,358

 

 

(In thousands)

 

Total Equity

 

 

Stepan

Company

Equity

 

 

Noncontrolling Interests’

Equity (3)

 

Balance at January 1, 2016

 

$

558,384

 

 

$

556,984

 

 

$

1,400

 

Net income

 

 

56,420

 

 

 

56,412

 

 

 

8

 

Dividends

 

 

(8,477

)

 

 

(8,477

)

 

 

—

 

Common stock purchases (1)

 

 

(2,643

)

 

 

(2,643

)

 

 

—

 

Stock option exercises

 

 

1,351

 

 

 

1,351

 

 

 

—

 

Defined benefit pension adjustments, net of tax

 

 

1,129

 

 

 

1,129

 

 

 

—

 

Translation adjustments

 

 

9,898

 

 

 

9,931

 

 

 

(33

)

Derivative instrument activity, net of tax

 

 

(27

)

 

 

(27

)

 

 

—

 

Other (2)(4)

 

 

4,224

 

 

 

4,224

 

 

 

—

 

Balance at June 30, 2016

 

$

620,259

 

 

$

618,884

 

 

$

1,375

 

 

(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 the receipt of performance awards and deferred compensation distributions.

 

 

(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.