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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net Sales $ 499,335 $ 468,269
Cost of Sales 409,765 376,150
Gross Profit [1] 89,570 92,119
Operating Expenses:    
Selling [1] 14,890 13,456
Administrative [1] 19,439 17,892
Research, development and technical services [1] 13,614 13,379
Deferred compensation expense 1,614 376
Total Operating expenses 49,557 45,103
Business restructuring expenses (Note 15) (358) (786)
Operating Income [2] 39,655 46,230
Other Income (Expense):    
Interest, net (3,151) (2,992)
Other, net (Note 14) [1],[2] 1,160 1,092
Nonoperating Income (Expense), Total (1,991) (1,900)
Income Before Provision for Income Taxes 37,664 44,330
Provision for Income Taxes (Note 17) 6,948 12,418
Net Income 30,716 31,912
Net Loss Attributable to Noncontrolling Interests (Note 2) 7 1
Net Income Attributable to Stepan Company [1] $ 30,723 $ 31,913
Net Income Per Common Share Attributable to Stepan Company (Note 9):    
Basic $ 1.33 $ 1.39
Diluted $ 1.31 $ 1.37
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 9):    
Basic 23,082 22,901
Diluted 23,389 23,331
Dividends Declared Per Common Share $ 0.23 $ 0.21
[1] The 2017 amounts for the noted line items have been immaterially changed from the amounts originally reported as a result of the Company’s first quarter 2018 adoption of Accounting Standards Update (ASU) No. 2017-7, Compensation –Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.
[2] The 2017 data has been immaterially changed from the amounts originally reported as a result of the Company’s first quarter 2018 adoption of ASU No. 2017-7, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.