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Stepan SCL Goodwill impairment
Discontinued — last reported Q2 '22
Goodwill impairment at other companies
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Where this comes from
Reported directly by Stepan in its filing.
Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.
The source filing: Stepan’s 10-Q, filed August 4, 2022.
- Filed
- Aug 4, 2022, 10:11 AM EDT
- Fiscal quarter
- Q2 FY2022
- Calendar quarter
- Q2 2022
- Accession
- 0001564590-22-027928
| (In thousands, except per share amounts) | Three Months Ended June 30 / 2022 | Three Months Ended June 30 / 2021 | Six Months Ended June 30 / 2022 | Six Months Ended June 30 / 2021 |
|---|---|---|---|---|
| Research, development and technical services | 16,690 | 14,988 | 33,163 | 30,137 |
| Deferred compensation (income) expense | (3,406) | 958 | (10,907) | 3,652 |
| 52,915 | 54,910 | 98,736 | 109,895 | |
| Goodwill impairment (Note 18) | (978) | — | (978) | — |
| Business restructuring expenses (Note 16) | (81) | (114) | (133) | (195) |
| Operating Income | 77,640 | 56,657 | 140,986 | 110,571 |
| Other Income (Expense): | ||||
| Interest, net | (2,727) | (1,567) | (5,033) | (3,091) |
Item 1 - Financial Statements
FAQ
- What is Stepan's goodwill impairment?
- Stepan (SCL) reported goodwill impairment of $978K in Q2 2022.
- What does goodwill impairment mean?
- Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.
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