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Selected Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

 

 

 

2018

 

Quarter

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Year

 

Net Sales

 

$

499,335

 

 

$

519,866

 

 

$

507,997

 

 

$

466,659

 

 

$

1,993,857

 

Gross Profit

 

 

89,570

 

 

 

89,280

 

 

 

84,125

 

 

 

78,528

 

 

 

341,503

 

Operating Income

 

 

39,655

 

 

 

44,685

 

 

 

27,694

 

 

 

39,385

 

 

 

151,419

 

Interest, net

 

 

(3,151

)

 

 

(2,672

)

 

 

(2,797

)

 

 

(2,151

)

 

 

(10,771

)

Income Before Income Taxes

 

 

37,664

 

 

 

42,497

 

 

 

25,243

 

 

 

34,519

 

 

 

139,923

 

Net Income

 

 

30,716

 

 

 

32,923

 

 

 

22,168

 

 

 

26,943

 

 

 

112,750

 

Net Income Attributable to Stepan Company

 

 

30,723

 

 

 

32,925

 

 

 

22,168

 

 

 

26,946

 

 

 

112,762

 

Per Diluted Share

 

 

1.31

 

 

 

1.41

 

 

 

0.95

 

 

 

1.16

 

 

 

4.83

 

 

 

 

2017

 

Quarter

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Year

 

Net Sales

 

$

468,269

 

 

$

495,101

 

 

$

487,814

 

 

$

473,823

 

 

$

1,925,007

 

Gross Profit (a)

 

 

92,119

 

 

 

89,988

 

 

 

75,576

 

 

 

80,839

 

 

 

338,522

 

Operating Income (a)

 

 

46,230

 

 

 

39,133

 

 

 

30,434

 

 

 

31,398

 

 

 

147,195

 

Interest, net

 

 

(2,992

)

 

 

(2,863

)

 

 

(2,763

)

 

 

(2,826

)

 

 

(11,444

)

Income Before Income Taxes

 

 

44,330

 

 

 

37,063

 

 

 

29,312

 

 

 

28,532

 

 

 

139,237

 

Net Income

 

 

31,912

 

 

 

27,896

 

 

 

21,853

 

 

 

9,886

 

 

 

91,547

 

Net Income Attributable to Stepan Company

 

 

31,913

 

 

 

27,882

 

 

 

21,899

 

 

 

9,884

 

 

 

91,578

 

Per Diluted Share

 

 

1.37

 

 

 

1.19

 

 

 

0.94

 

 

 

0.42

 

 

 

3.92

 

(a)

The 2017 gross profit and operating income line items have been immaterially changed from the amounts originally reported as a result of the Company’s first quarter 2018 adoption of ASU No. 2017-7, Compensation –Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.