XML 13 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]        
Net income [1],[2] $ 30,210 $ 33,452 [3] $ 55,188 $ 65,397
Other comprehensive income:        
Foreign currency translation adjustments (Note 12) [4] 4,290 (35,059) 7,997 (26,242)
Defined benefit pension adjustments, net of tax (Note 12) 542 752 1,085 1,505
Derivative instrument activity, net of tax (Note 12) (2) (2) (4) (5)
Total other comprehensive income 4,830 (34,309) 9,078 (24,742)
Comprehensive income [1] 35,040 (857) 64,266 40,655
Comprehensive loss attributable to noncontrolling interests (Note 3) 35 49 21 24
Comprehensive income attributable to Stepan Company [1] $ 35,075 $ (808) $ 64,287 $ 40,679
[1] The 2018 amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.
[2] The 2018 amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from the last in, first out (LIFO) basis to the first in, first out (FIFO) basis.
[3] The retained earnings and net income amounts for the noted line items have been changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.
[4] Includes foreign currency translation adjustments related to noncontrolling interest.