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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2021
2021 Acquisitions [Member]  
Business Acquisition [Line Items]  
Summary of Purchase Price Allocation for Major Components of Acquisition The following table summarizes the preliminary purchase price allocation for the major components of the acquisition:

 

(In thousands)

 

 

 

 

Assets:

 

 

 

 

Property, plant and equipment

 

$

54,400

 

Identifiable intangible assets

 

 

45,500

 

Goodwill

 

 

65,100

 

Total assets acquired

 

$

165,000

 

 

Summary of Pro forma Financial Information

The following table reflects pro forma financial information prepared under the assumption that the acquisition of the INVISTA aromatic polyester polyol business occurred on January 1, 2020.

Pro Forma Financial Information

Unaudited

 

 

Three Months Ended March 31

 

(In thousands, except per share amounts)

 

2021

 

 

2020

 

Net Sales

 

$

550,179

 

 

$

475,887

 

Net Income Attributable to Stepan Company

 

$

43,112

 

 

$

28,602

 

 

2020 Acquisitions [Member]  
Business Acquisition [Line Items]  
Summary of Purchase Price Allocation for Major Components of Acquisition The following table summarizes the purchase price allocation for the acquisition:

 

(In thousands)

 

 

 

Assets:

 

 

 

 

Identifiable intangible assets:

 

 

 

 

Customer lists

 

$

8,000

 

Trademarks and know-how

 

 

1,300

 

Non-compete agreement

 

 

300

 

Goodwill

 

 

4,225

 

Property, plant and equipment

 

 

175

 

Total assets acquired

 

$

14,000