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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net Sales $ 519,866 $ 495,101 $ 1,019,201 $ 963,370
Cost of Sales [1] 430,586 405,113 840,351 781,263
Gross Profit [1] 89,280 89,988 178,850 182,107
Operating Expenses:        
Selling [1] 13,369 13,230 28,259 26,686
Administrative [1] 18,098 17,769 37,537 35,661
Research, development and technical services [1] 13,720 14,254 27,334 27,633
Deferred compensation expense (865) 5,016 749 5,392
Total Operating expenses 44,322 50,269 93,879 95,372
Business restructuring expenses (Note 15) (273) (586) [2] (631) (1,372) [2]
Operating Income [1] 44,685 39,133 [2] 84,340 85,363 [2]
Other Income (Expense):        
Interest, net (2,672) (2,863) [2] (5,823) (5,855) [2]
Other, net (Note 14) [1] 484 793 [2] 1,644 1,885 [2]
Nonoperating Income (Expense), Total (2,188) (2,070) (4,179) (3,970)
Income Before Provision for Income Taxes 42,497 37,063 [2] 80,161 81,393 [2]
Provision for Income Taxes (Note 17) 9,574 9,167 16,522 21,585
Net Income 32,923 27,896 63,639 59,808
Net (Income) Loss Attributable to Noncontrolling Interests (Note 2) 2 (14) 9 (13)
Net Income Attributable to Stepan Company $ 32,925 $ 27,882 $ 63,648 $ 59,795
Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic $ 1.43 $ 1.21 $ 2.76 $ 2.61
Diluted $ 1.41 $ 1.19 $ 2.73 $ 2.56
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic 23,039 22,953 23,059 22,927
Diluted 23,295 23,381 23,341 23,356
Dividends Declared Per Common Share $ 0.23 $ 0.21 $ 0.45 $ 0.41
[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.