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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net Sales $ 507,997 $ 487,814 $ 1,527,198 $ 1,451,184
Cost of Sales [1] 423,872 412,238 1,264,223 1,193,501
Gross Profit [1] 84,125 75,576 262,975 257,683
Operating Expenses:        
Selling [1] 14,613 13,710 42,872 40,396
Administrative [1] 21,904 18,480 59,441 54,141
Research, development and technical services [1] 13,977 12,655 41,311 40,288
Deferred compensation expense 4,222 (129) 4,971 5,263
Total Operating expenses 54,716 44,716 148,595 140,088
Business restructuring expenses (Note 15) (1,715) (426) [2] (2,346) (1,798) [2]
Operating Income [1] 27,694 30,434 [2] 112,034 115,797 [2]
Other Income (Expense):        
Interest, net (2,797) (2,763) [2] (8,620) (8,618) [2]
Other, net (Note 14) [1] 346 1,641 [2] 1,990 3,526 [2]
Nonoperating Income (Expense), Total (2,451) (1,122) (6,630) (5,092)
Income Before Provision for Income Taxes 25,243 29,312 [2] 105,404 110,705 [2]
Provision for Income Taxes (Note 17) 3,075 7,459 19,597 29,044
Net Income 22,168 21,853 85,807 81,661
Net Loss Attributable to Noncontrolling Interests (Note 2)   46 9 33
Net Income Attributable to Stepan Company $ 22,168 $ 21,899 $ 85,816 $ 81,694
Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic $ 0.96 $ 0.95 $ 3.73 $ 3.56
Diluted $ 0.95 $ 0.94 $ 3.68 $ 3.50
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 9):        
Basic 22,986 22,971 23,036 22,941
Diluted 23,288 23,374 23,324 23,361
Dividends Declared Per Common Share $ 0.23 $ 0.21 $ 0.68 $ 0.62
[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