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Change In Method of Accounting for Inventory Valuation (Tables) | 9 Months Ended
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Sep. 30, 2019
Change In Accounting Estimate [Abstract] |
Summary of Prior Year Financial Statement Line Items that have Been Affected by Retrospective Change in Accounting Principle | The following tables present the prior year financial statement line items that have been affected by the retrospective change in accounting principle: Income Statement
(In thousands, except per share amounts) |  | Three Months Ended September 30, 2018 |
|  | As originally reported under LIFO |  |  | Effect of change |  |  | As adjusted under FIFO |
Cost of Sales |  | $ | 423,872 |  |  | $ | 549 |  |  | $ | 424,421 |
Gross Profit |  |  | 84,125 |  |  |  | (549 | ) |  |  | 83,576 |
Operating Income |  |  | 27,694 |  |  |  | (549 | ) |  |  | 27,145 |
Income Before Provision for Income Taxes |  |  | 25,243 |  |  |  | (549 | ) |  |  | 24,694 |
Provision for Income Taxes |  |  | 3,075 |  |  |  | (135 | ) |  |  | 2,940 |
Net Income |  |  | 22,168 |  |  |  | (414 | ) |  |  | 21,754 |
Net Income Attributable to Stepan Company |  |  | 22,168 |  |  |  | (414 | ) |  |  | 21,754 |
Net Income Per Diluted Common Share Attributable to Stepan Company |  | $ | 0.95 |  |  | $ | (0.02 | ) |  | $ | 0.93 |
(In thousands, except per share amounts) |  | Nine Months Ended September 30, 2018 |
|  | As originally reported under LIFO |  |  | Effect of change |  |  | As adjusted under FIFO |
Cost of Sales |  | $ | 1,264,223 |  |  | $ | (1,780 | ) |  | $ | 1,262,443 |
Gross Profit |  |  | 262,975 |  |  |  | 1,780 |  |  |  | 264,755 |
Operating Income |  |  | 112,034 |  |  |  | 1,780 |  |  |  | 113,814 |
Income Before Provision for Income Taxes |  |  | 105,404 |  |  |  | 1,780 |  |  |  | 107,184 |
Provision for Income Taxes |  |  | 19,597 |  |  |  | 436 |  |  |  | 20,033 |
Net Income |  |  | 85,807 |  |  |  | 1,344 |  |  |  | 87,151 |
Net Income Attributable to Stepan Company |  |  | 85,816 |  |  |  | 1,344 |  |  |  | 87,160 |
Net Income Per Diluted Common Share Attributable to Stepan Company |  | $ | 3.68 |  |  | $ | 0.06 |  |  | $ | 3.74 |
Balance Sheet
(In thousands) |  | December 31, 2018 |
|  | As originally reported under LIFO |  |  | Effect of change |  |  | As adjusted under FIFO |
Inventories |  | $ | 200,165 |  |  | $ | 31,363 |  |  | $ | 231,528 |
Other Non-Current Assets |  |  | 10,964 |  |  |  | (1,415 | ) |  |  | 9,549 |
Total Assets |  |  | 1,484,666 |  |  |  | 29,948 |  |  |  | 1,514,614 |
Deferred Income Taxes |  | $ | 18,672 |  |  | $ | 6,289 |  |  | $ | 24,961 |
Retained Earnings |  |  | 813,448 |  |  |  | 23,659 |  |  |  | 837,107 |
Total Liabilities and Equity |  |  | 1,484,666 |  |  |  | 29,948 |  |  |  | 1,514,614 |
Statement of Cash Flows
(In thousands) |  | Nine Months Ended September 30, 2018 |
|  | As originally reported under LIFO |  |  | Effect of change |  |  | As adjusted under FIFO |
Net Income |  | $ | 85,807 |  |  | $ | 1,344 |  |  | $ | 87,151 |
Deferred Income Taxes |  |  | 6,410 |  |  |  | 436 |  |  |  | 6,846 |
Change in Assets and Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  |  | (21,586 | ) |  |  | (1,780 | ) |  |  | (23,366 | )
Summary of Current Year Financial Statement Line Items If Company Does Not Changed Method of Accounting for U.S. Inventories from LIFO to FIFO | The following tables present what current year financial statement line items would have been had the Company not changed its method of accounting for U.S. inventories from the LIFO to FIFO basis: Income Statement
(In thousands, except per share amounts) |  | Three Months Ended September 30, 2019 |
|  | As reported under FIFO |  |  | Effect of change |  |  | As computed under LIFO |
Cost of Sales |  | $ | 374,180 |  |  | $ | (1,000 | ) |  | $ | 373,180 |
Gross Profit |  |  | 77,402 |  |  |  | 1,000 |  |  |  | 78,402 |
Operating Income |  |  | 27,966 |  |  |  | 1,000 |  |  |  | 28,966 |
Income Before Provision for Income Taxes |  |  | 27,449 |  |  |  | 1,000 |  |  |  | 28,449 |
Provision for Income Taxes |  |  | 1,569 |  |  |  | 246 |  |  |  | 1,815 |
Net Income |  |  | 25,880 |  |  |  | 754 |  |  |  | 26,634 |
Net Income Attributable to Stepan Company |  |  | 25,889 |  |  |  | 754 |  |  |  | 26,643 |
Net Income Per Diluted Common Share Attributable to Stepan Company |  | $ | 1.11 |  |  | $ | 0.03 |  |  | $ | 1.14 |
(In thousands, except per share amounts) |  | Nine Months Ended September 30, 2019 |
|  | As reported under FIFO |  |  | Effect of change |  |  | As computed under LIFO |
Cost of Sales |  | $ | 1,158,785 |  |  | $ | (3,000 | ) |  | $ | 1,155,785 |
Gross Profit |  |  | 254,970 |  |  |  | 3,000 |  |  |  | 257,970 |
Operating Income |  |  | 98,769 |  |  |  | 3,000 |  |  |  | 101,769 |
Income Before Provision for Income Taxes |  |  | 98,013 |  |  |  | 3,000 |  |  |  | 101,013 |
Provision for Income Taxes |  |  | 16,945 |  |  |  | 738 |  |  |  | 17,683 |
Net Income |  |  | 81,068 |  |  |  | 2,262 |  |  |  | 83,330 |
Net Income Attributable to Stepan Company |  |  | 81,091 |  |  |  | 2,262 |  |  |  | 83,353 |
Net Income Per Diluted Common Share Attributable to Stepan Company |  | $ | 3.48 |  |  | $ | 0.10 |  |  | $ | 3.58 |
Balance Sheet
(In thousands) |  | September 30, 2019 |
|  | As reported under FIFO |  |  | Effect of change |  |  | As computed under LIFO |
Inventories |  | $ | 203,303 |  |  | $ | (28,363 | ) |  | $ | 174,940 |
Other Non-Current Assets |  |  | 10,985 |  |  |  | 1,415 |  |  |  | 12,400 |
Total Assets |  |  | 1,518,370 |  |  |  | (26,948 | ) |  |  | 1,491,422 |
Deferred Income Taxes |  | $ | 25,218 |  |  | $ | (5,551 | ) |  | $ | 19,667 |
Retained Earnings |  |  | 906,612 |  |  |  | (21,397 | ) |  |  | 885,215 |
Total Liabilities and Equity |  |  | 1,518,370 |  |  |  | (26,948 | ) |  |  | 1,491,422 |
Statement of Cash Flows
(In thousands) |  | Nine Months Ended September 30, 2019 |
|  | As reported under FIFO |  |  | Effect of change |  |  | As computed under LIFO |
Net Income |  | $ | 81,068 |  |  | $ | 2,262 |  |  | $ | 83,330 |
Deferred Income Taxes |  |  | (2,291 | ) |  |  | 738 |  |  |  | (1,553 | )
Change in Assets and Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  |  | 25,879 |  |  |  | (3,000 | ) |  |  | 22,879 |

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- Definition Summary of current year financial statement line items if company does not changed method of accounting for inventories from LIFO to FIFO. + References No definition available. + Details
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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
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