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Earnings Per Share | 3 Months Ended
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Mar. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Share |
9. | EARNINGS PER SHARE
Below are the computations of basic and diluted earnings per share for the three months ended March 31, 2016 and 2015:
(In thousands, except per share amounts) |  | Three Months Ended March 31 |
|  | 2016 |  |  | 2015 |
Computation of Basic Earnings per Share |  |  |  |  |  |  |  |
Net income attributable to Stepan Company |  | $ | 27,654 |  |  | $ | 21,270 |
Weighted-average number of common shares outstanding |  |  | 22,733 |  |  |  | 22,718 |
Basic earnings per share |  | $ | 1.22 |  |  | $ | 0.94 |
Computation of Diluted Earnings per Share |  |  |  |  |  |  |  |
Net income attributable to Stepan Company |  | $ | 27,654 |  |  | $ | 21,270 |
Weighted-average number of shares outstanding |  |  | 22,733 |  |  |  | 22,718 |
Add weighted-average net shares from assumed exercise of options (under treasury stock method) (1) |  |  | 113 |  |  |  | 104 |
Add weighted-average net shares related to unvested stock awards (under treasury stock method) |  |  | 4 |  |  |  | 5 |
Add weighted-average net shares from assumed exercise of SARs (under treasury stock method) |  |  | 8 |  |  |  | — |
Add weighted-average contingently issuable net shares related to performance stock awards (under treasury stock method) |  |  | 24 |  |  |  | — |
Weighted-average shares applicable to diluted earnings |  |  | 22,882 |  |  |  | 22,827 |
Diluted earnings per share |  | $ | 1.21 |  |  | $ | 0.93 |
(1) Options to purchase 89,617 and 226,098 shares of Company common stock were excluded from the computations of diluted earnings per share for the three months ended March 31, 2016 and March 31, 2015, respectively. The options’ exercise prices were greater than the average market price for the common stock, and the effect of including the options would have been antidilutive.

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