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Earnings Per Share | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | 10. EARNINGS PER SHARE Below are the computations of basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021:
(In thousands, except per share amounts) |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Computation of Basic Earnings per Share |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Stepan Company |  | $ | 39,384 |  |  | $ | 36,920 |  |  | $ | 136,319 |  |  | $ | 120,809 |
Weighted-average number of common shares outstanding |  |  | 22,753 |  |  |  | 22,898 |  |  |  | 22,813 |  |  |  | 22,941 |
Basic earnings per share |  | $ | 1.73 |  |  | $ | 1.61 |  |  | $ | 5.98 |  |  | $ | 5.27 |
Computation of Diluted Earnings per Share |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Stepan Company |  | $ | 39,384 |  |  | $ | 36,920 |  |  | $ | 136,319 |  |  | $ | 120,809 |
Weighted-average number of shares outstanding |  |  | 22,753 |  |  |  | 22,898 |  |  |  | 22,813 |  |  |  | 22,941 |
Add weighted-average net shares from assumed exercise of options (under treasury stock method)(1) |  |  | 102 |  |  |  | 124 |  |  |  | 105 |  |  |  | 139 |
Add weighted-average net shares related to unvested stock awards (under treasury stock method) |  |  | 2 |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Add weighted-average net shares from assumed exercise of SARs (under treasury stock method)(1) |  |  | 108 |  |  |  | 142 |  |  |  | 111 |  |  |  | 168 |
Add weighted-average contingently issuable net shares related to performance stock awards (under treasury stock method) |  |  | 69 |  |  |  | 55 |  |  |  | 59 |  |  |  | 50 |
Weighted-average shares applicable to diluted earnings |  |  | 23,034 |  |  |  | 23,219 |  |  |  | 23,089 |  |  |  | 23,299 |
Diluted earnings per share |  | $ | 1.71 |  |  | $ | 1.59 |  |  | $ | 5.90 |  |  | $ | 5.19 |
(1) 336,727 and 346,044 options/SARs to acquire shares of Company common stock were excluded from the computation of dilutive earnings per share for the three and nine months ended September 30, 2022, respectively. 207,598 and 69,199 options/SARs to acquire shares of Company common stock were excluded from the computations of diluted earnings per share for the three and nine months ended September 30, 2021, respectively. Inclusion of the instruments would have had an antidilutive effect on the computations of the earnings per share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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