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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]        
Net income [1],[2] $ 25,880 $ 21,754 [3] $ 81,068 $ 87,151 [3]
Other comprehensive income:        
Foreign currency translation adjustments (Note 12) [4] (19,287) (2,534) (11,290) (28,776)
Defined benefit pension adjustments, net of tax (Note 12) 473 788 1,558 2,293
Derivative instrument activity, net of tax (Note 12) (2) (2) (6) (7)
Total other comprehensive income (18,816) (1,748) (9,738) (26,490)
Comprehensive income [1] 7,064 20,006 71,330 60,661
Comprehensive loss attributable to noncontrolling interests (Note 3) 41 31 62 55
Comprehensive income attributable to Stepan Company [1] $ 7,105 $ 20,037 $ 71,392 $ 60,716
[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.