XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net Sales $ 537,740 $ 449,987
Cost of Sales 428,760 370,718
Gross Profit 108,980 79,269
Operating Expenses:    
Selling 14,504 13,532
Administrative 22,638 18,872
Research, development and technical services 15,149 13,827
Deferred compensation (income) expense 2,694 (7,323)
Total Operating expenses 54,985 38,908
Business restructuring expenses (Note 16) (81) (357)
Operating Income 53,914 40,004
Other Income (Expense):    
Interest, net (1,524) (1,230)
Other, net (Note 15) 746 (3,262)
Nonoperating Income (Expense), Total (778) (4,492)
Income Before Provision for Income Taxes 53,136 35,512
Provision for Income Taxes 12,525 7,973
Net Income 40,611 27,539
Net Loss Attributable to Noncontrolling Interests (Note 2)   6
Net Income Attributable to Stepan Company $ 40,611 $ 27,545
Net Income Per Common Share Attributable to Stepan Company (Note 10):    
Basic $ 1.77 $ 1.20
Diluted $ 1.74 $ 1.18
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 10):    
Basic 22,974 23,023
Diluted 23,330 23,285