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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net Sales $ 451,582 $ 507,997 $ 1,413,755 $ 1,527,198
Cost of Sales [1] 374,180 424,421 1,158,785 1,262,443
Gross Profit [1] 77,402 83,576 254,970 264,755
Operating Expenses:        
Selling 14,186 14,613 42,295 42,872
Administrative 19,708 21,904 60,558 59,441
Research, development and technical services 13,473 13,977 40,228 41,311
Deferred compensation expense 1,610 4,222 11,478 4,971
Total Operating expenses 48,977 54,716 154,559 148,595
Business restructuring expenses (Note 17) (459) (1,715) (1,642) (2,346)
Operating Income [1],[2] 27,966 27,145 98,769 113,814
Other Income (Expense):        
Interest, net (1,402) (2,797) (5,021) (8,620)
Other, net (Note 16) 885 346 4,265 1,990
Nonoperating Income (Expense), Total (517) (2,451) (756) (6,630)
Income Before Provision for Income Taxes [1],[2] 27,449 24,694 98,013 107,184
Provision for Income Taxes [1] 1,569 2,940 16,945 20,033
Net Income [1],[2] 25,880 21,754 [3] 81,068 87,151 [3]
Net Loss Attributable to Noncontrolling Interests (Note 3) 9   23 9
Net Income Attributable to Stepan Company [1],[2] $ 25,889 $ 21,754 $ 81,091 $ 87,160
Net Income Per Common Share Attributable to Stepan Company (Note 11):        
Basic [1],[2] $ 1.12 $ 0.95 $ 3.52 $ 3.78
Diluted [1],[2] $ 1.11 $ 0.93 $ 3.48 $ 3.74
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 11):        
Basic 23,025 22,986 23,070 23,036
Diluted 23,300 23,288 23,320 23,324
[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 the last in, first out (LIFO) basis to the first in, first out (FIFO) basis.
[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 LIFO to FIFO.
[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.