Quarterly Results - Unaudited

12 Months Ended

Dec. 31, 2017

Quarterly Results (unaudited) [Abstract]

Quarterly Results - Unaudited [Text Block]

Note 24 – Quarterly Results (unaudited)

			First		Second		Third		Fourth
			Quarter (1)		Quarter (2)		Quarter (3)		Quarter (4)
2017
	Net sales		$	194,909	$	201,183	$	212,918	$	211,072
	Gross profit			70,887		71,835		74,776		73,997
	Operating income			13,758		17,903		14,009		17,074
	Net income (loss) attributable to Quaker Chemical Corporation			6,992		11,906		11,142		(9,762)
	Net income (loss) attributable to Quaker Chemical Corporation
		Common Shareholders - Basic (5)	$	0.53	$	0.90	$	0.84	$	(0.73)
	Net income (loss) attributable to Quaker Chemical Corporation
		Common Shareholders - Diluted (5)	$	0.52	$	0.89	$	0.83	$	(0.73)
2016
	Net sales		$	178,077	$	186,915	$	190,428	$	191,245
	Gross profit			67,981		71,401		70,897		69,831
	Operating income			19,838		22,701		21,863		20,951
	Net income attributable to Quaker Chemical Corporation			12,946		15,015		16,008		17,434
	Net income attributable to Quaker Chemical Corporation
		Common Shareholders - Basic (5)	$	0.98	$	1.13	$	1.21	$	1.31
	Net income attributable to Quaker Chemical Corporation
		Common Shareholders - Diluted (5)	$	0.98	$	1.13	$	1.21	$	1.31

(1) Net income attributable to Quaker Chemical Corporation for both the first quarter of 2017 and 2016 includes earnings from the Company’s equity interest in a captive insurance company of $0.6 million and $0.1 million, respectively. Net income attributable to Quaker Chemical Corporation for the first quarter of 2017 includes Houghton combination-related expenses of $9.1 million and $0.3 million of cost streamlining expenses associated with certain actions taken to reorganize the Company’s corporate staff. Net income attributable to Quaker Chemical Corporation for the first quarter of 2016 includes a currency conversion charge of $0.1 million related to the Company’s 50% owned equity affiliate in Venezuela.

(2) Net income attributable to Quaker Chemical Corporation for both the second quarter of 2017 and 2016 includes earnings from the Company’s equity interest in a captive insurance company of $0.4 million and $0.3 million, respectively. Net income attributable to Quaker Chemical Corporation for the second quarter of 2017 includes Houghton combination-related expenses of $4.3 million, a $1.9 million charge for the Company’s U.S. pension plan settlement of its vested terminated participants and a currency conversion charge of $0.3 million related to the Company’s 50% owned equity affiliate in Venezuela.

(3) Net income attributable to Quaker Chemical Corporation for both the third quarter of 2017 and 2016 includes earnings from the Company’s equity interest in a captive insurance company of $0.4 million and $0.6 million, respectively and charges of $9.7 million and $1.2 million, respectively, for Houghton combination-related expenses. Net income attributable to Quaker Chemical Corporation for the third quarter of 2017 includes a currency conversion charge of less than $0.1 million related to the Company’s 50% owned equity affiliate in Venezuela.

(4) Net income attributable to Quaker Chemical Corporation for both the fourth quarter of 2017 and 2016 includes earnings from the Company’s equity interest in a captive insurance company of $1.1 million and $0.7 million, respectively and charges of $7.7 million and $0.4 million, respectively, for Houghton combination-related expenses, including ticking fees in the fourth quarter of 2017. Net income attributable to Quaker Chemical Corporation for the fourth quarter of 2017 includes a charge of $22.2 million related to the impact of U.S. Tax Reform, a charge of $0.1 million related to a loss on disposal of a held-for-sale asset, other income of $0.6 million related to cash proceeds from an insolvent insurance carrier with respect to previously filed recovery claims by an inactive subsidiary of the Company and a currency conversion charge of less than $0.1 million related to the Company’s 50% owned equity affiliate in Venezuela. Net income attributable to Quaker Chemical Corporation for the fourth quarter of 2016 includes credits of $0.4 million, related to a global restructuring plan.

(5) Basic and diluted per share amounts of net income attributable to Quaker Chemical Corporation common shareholders for all four quarters above may not total to the full year amounts presented in the Company’s consolidated financial statements for the years ended December 31, 2017 and 2016, respectively, due to rounding.