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Quarterly Results (unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Results (unaudited) [Abstract]  
Quarterly Results (unaudited) [Text Block]

Note 23Quarterly Results (unaudited)

   First Second Third Fourth
   Quarter (1) Quarter (2) Quarter (3) Quarter (4)
2013            
 Net sales$176,193 $184,846 $184,059 $184,297
 Gross profit 62,608  67,314  65,990  65,163
 Operating income 17,411  19,793  18,807  15,232
 Net income attributable to Quaker Chemical Corporation 13,619  16,083  12,551  14,086
 Net income attributable to Quaker Chemical Corporation           
  Common Shareholders - Basic$1.04 $1.22 $0.95 $1.07
 Net income attributable to Quaker Chemical Corporation           
  Common Shareholders - Diluted$1.04 $1.22 $0.95 $1.07
              
2012        
 Net sales$177,638 $176,797 $180,923 $172,868
 Gross profit 59,795  60,636  59,126  59,154
 Operating income 16,702  16,983  15,863  13,676
 Net income attributable to Quaker Chemical Corporation 12,365  11,108  10,925  13,007
 Net income attributable to Quaker Chemical Corporation           
  Common Shareholders - Basic$0.96 $0.86 $0.84 $0.99
 Net income attributable to Quaker Chemical Corporation           
  Common Shareholders - Diluted$0.95 $0.85 $0.83 $0.99

(1)       Net income attributable to Quaker Chemical Corporation for the first quarter of 2013 and the first quarter of 2012 include earnings from the Company's equity interest in a captive insurance company of approximately $0.11 and $0.04 per diluted share, respectively. The first quarter of 2013 earnings from the Company's equity interest in a captive insurance company includes an out-of-period adjustment of approximately $1,038, primarily related to a reinsurance contract held by the captive insurance company. Net income attributable to Quaker Chemical Corporation in the first quarter of 2013 includes a devaluation charge related to the Company's 50% owned equity affiliate in Venezuela of $0.03 per diluted share.

 

(2)       Net income attributable to Quaker Chemical Corporation for the second quarter of 2013 and the second quarter of 2012 include earnings from the Company's equity interest in a captive insurance company of approximately $0.13 and $0.04 per diluted share, respectively. Net income attributable to Quaker Chemical Corporation in the second quarter of 2013 also includes earnings per diluted share of approximately $0.14 related to a mineral oil excise tax refund. Net income attributable to Quaker Chemical Corporation in the second quarter of 2013 includes a charge related to a change in the fair value of an acquisition-earnout liability of approximately $0.03 per diluted share and costs related to streamlining certain operations in the Company's South American segment of approximately $0.02 per diluted share. Net income attributable to Quaker Chemical Corporation for the second quarter of 2012 includes charges of approximately $0.06 per diluted share due to certain customer bankruptcies in the U.S. and approximately $0.03 per diluted share related to CFO transition costs.

 

(3)       Net income attributable to Quaker Chemical Corporation for the third quarter of 2013 and the third quarter of 2012 include earnings from the Company's equity interest in a captive insurance company of approximately $0.09 and $0.03 per diluted share, respectively. Net income attributable to Quaker Chemical Corporation for the third quarter of 2013 also includes costs of approximately $0.05 per diluted share related to streamlining certain operations in the Company's EMEA segment.

 

(4)       Net income attributable to Quaker Chemical Corporation for the fourth quarter of 2013 and the fourth quarter of 2012 include earnings from the Company's equity interest in a captive insurance company of approximately $0.08 and $0.03 per diluted share, respectively. Net income attributable to Quaker Chemical Corporation also includes earnings per diluted share of approximately $0.06 and $0.09 in the fourth quarters of 2013 and 2012, respectively, related to changes in the fair value of an acquisition-related earnout liability. In addition, net income attributable to Quaker Chemical Corporation for the fourth quarter of 2013 includes costs of approximately $0.01 per diluted share related to streamlining certain operations in the Company's EMEA segment and approximately $0.04 per diluted share related to a non-income tax contingency.