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

 

(In thousands)

 

 

 

 

Assets:

 

 

 

 

Property, plant and equipment

 

$

54,200

 

Identifiable intangibles assets

 

 

46,000

 

Goodwill

 

 

64,800

 

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

 

 

 

Twelve Months Ended

December 31

 

(In thousands)

 

2021

 

 

2020

 

Net Sales

 

$

2,358,405

 

 

$

1,971,750

 

Net Income Attributable to Stepan Company

 

$

140,869

 

 

$

133,291

 

2020 Acquisitions [Member]  
Business Acquisition [Line Items]  
Summary of Purchase Price Allocation for 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

 

 

5,165

 

Property, plant and equipment

 

 

175

 

Total assets acquired

 

$

14,940

 

Liabilities:

 

 

 

 

Other non-current liabilities

 

 

940

 

Total liabilities assumed

 

 

940

 

Net assets acquired

 

$

14,000