Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

(In thousands, except per share data)

Unaudited

	2019
Quarter	First			Second			Third			Fourth			Year
Net Sales	$	489,170		$	473,003		$	451,582		$	444,990		$	1,858,745
Gross Profit		84,609			92,959			77,402			84,744			339,714
Operating Income		29,738			41,065			27,966			28,491			127,260
Interest, net		(1,853	)		(1,766	)		(1,402	)		(911	)		(5,932	)
Income Before Income Taxes		31,030			39,534			27,449			27,886			125,899
Net Income		24,978			30,210			25,880			22,033			103,101
Net Income Attributable to Stepan Company		24,984			30,218			25,889			22,038			103,129
Per Diluted Share		1.07			1.30			1.11			0.95			4.42

	2018
Quarter	First			Second			Third			Fourth			Year
Net Sales	$	499,335		$	519,866		$	507,997		$	466,659		$	1,993,857
Gross Profit ⁽¹⁾		91,198			89,981			83,576			74,594			339,349
Operating Income ⁽¹⁾		41,283			45,386			27,145			35,451			149,265
Interest, net		(3,151	)		(2,672	)		(2,797	)		(2,151	)		(10,771	)
Income Before Income Taxes ⁽¹⁾		39,292			43,198			24,694			30,585			137,769
Net Income ⁽¹⁾		31,945			33,452			21,754			23,954			111,105
Net Income Attributable to Stepan Company ⁽¹⁾		31,952			33,454			21,754			23,957			111,117
Per Diluted Share ⁽¹⁾		1.37			1.44			0.93			1.03			4.76

(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