Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents		$ 315,383	$ 300,194
Receivables, less allowances of $9,325 in 2019 and $9,654 in 2018		276,841	280,025
Inventories (Note 6)	[1]	203,647	231,528
Other current assets		22,918	22,146
Total current assets	[1]	818,789	833,893
Property, Plant and Equipment:
Land		27,258	26,341
Buildings and improvements		223,793	212,072
Machinery and equipment		1,415,802	1,365,509
Construction in progress		95,282	62,868
Property, Plant and Equipment, Gross		1,762,135	1,666,790
Less: accumulated depreciation		(1,122,818)	(1,057,898)
Property, plant and equipment, net		639,317	608,892
Goodwill, net (Note 5)		26,086	22,954
Other intangible assets, net (Note 5)		15,352	14,244
Long-term investments (Note 3)		28,227	25,082
Operating lease assets (Note 8)		38,386
Other non-current assets	[1]	13,210	9,549
Total Assets	[1]	1,579,367	1,514,614
Current Liabilities:
Current maturities of long-term debt (Note 7)		23,571	37,058
Accounts payable		194,276	205,954
Accrued liabilities (Note 15)		121,267	95,570
Total current liabilities		339,114	338,582
Deferred income taxes (Note 10)	[1]	23,391	24,961
Long-term debt, less current maturities (Note 7)		198,532	239,022
Non-current operating lease liability (Note 8)		29,654
Other non-current liabilities (Note 16)		96,180	103,864
Commitments and Contingencies (Note 17)
Equity (Note 11):
Common stock, $1 par value; authorized 60,000,000 shares; issued 26,493,335 shares in 2019 and 26,308,668 shares in 2018		26,493	26,309
Additional paid-in capital		193,135	182,881
Accumulated other comprehensive loss (Note 19)	[2]	(136,170)	(141,483)
Retained earnings	[1],[2]	922,464	837,107
Less: Common treasury stock, at cost, 3,979,735 shares in 2019 and 3,803,043 shares in 2018		(114,139)	(97,389)
Total Stepan Company stockholders’ equity	[1]	891,783	807,425
Noncontrolling interests		713	760
Total equity	[1]	892,496	808,185	[3],[4]
Total Liabilities and Equity	[1]	$ 1,579,367	$ 1,514,614

[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 2019 amounts for the noted line items include an adjustment related to the Company’s first quarter 2019 adoption of Accounting Standards Update (ASU) No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive income.

[3] The retained earnings amount for the noted line item has been retrospectively changed from the amount 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] The retained earnings and net income 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.