Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents		$ 275,266	$ 300,194
Receivables, net		289,023	280,025
Inventories (Note 2)(Note 7)	[1]	216,278	231,528
Other current assets		26,240	22,146
Total current assets	[1]	806,807	833,893
Property, Plant and Equipment:
Cost		1,703,127	1,666,790
Less: Accumulated depreciation		(1,093,919)	(1,057,898)
Property, plant and equipment, net		609,208	608,892
Goodwill, net		23,080	22,954
Other intangible assets, net		12,635	14,244
Long-term investments (Note 4)		26,448	25,082
Operating lease assets		38,692
Other non-current assets	[1]	12,098	9,549
Total assets	[1]	1,528,968	1,514,614
Current Liabilities:
Current maturities of long-term debt (Note 15)		24,889	37,058
Accounts payable		184,727	205,954
Accrued liabilities		89,850	95,570
Total current liabilities		299,466	338,582
Deferred income taxes	[1]	28,271	24,961
Long-term debt, less current maturities (Note 15)		207,748	239,022
Non-current operating lease liabilities		29,712
Other non-current liabilities		105,374	103,864
Commitments and Contingencies (Note 9)
Equity:
Common stock, $1 par value; authorized 60,000,000 shares; Issued 26,452,701 shares in 2019 and 26,308,668 shares in 2018		26,453	26,309
Additional paid-in capital		188,781	182,881
Accumulated other comprehensive loss (Note 12)	[2]	(137,723)	(141,483)
Retained earnings	[1],[2]	886,349	837,107
Less: Common treasury stock, at cost, 3,896,475 shares in 2019 and 3,803,043 shares in 2018		(106,202)	(97,389)
Total Stepan Company stockholders’ equity	[1]	857,658	807,425
Noncontrolling interests (Note 3)		739	760
Total equity	[1]	858,397	808,185	[3]
Total liabilities and equity	[1]	$ 1,528,968	$ 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 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 and net income amounts for the noted line items have been 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.