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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]

 

Cash transferred to Houghton shareholders (a)

$

170,829

 

Cash paid to extinguish Houghton debt obligations

 

702,556

 

Fair value of common stock issued as consideration (b)

 

789,080

 

 

Total fair value of consideration transferred

$

1,662,465

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

 

Cash and cash equivalents

$

75,821

 

Accounts receivable, net

 

179,745

 

Inventories, net

 

95,193

 

Prepaid expenses and other assets

 

11,373

 

Deferred tax assets

 

8,703

 

Property, plant and equipment

 

125,099

 

Right of use lease assets

 

10,747

 

Investments in associated companies

 

69,683

 

Other non-current assets

 

1,368

 

Intangible assets

 

1,022,500

 

Goodwill

 

483,921

 

 

Total assets purchased

 

2,084,153

 

Short-term borrowings, not refinanced at closing

 

9,297

 

Accounts payable, accrued expenses and other current liabilities

 

152,829

 

Deferred tax liabilities

 

213,779

 

Long-term lease liabilities

 

6,655

 

Other non-current liabilities

 

39,128

 

 

Total liabilities assumed

 

421,688

 

 

Total consideration paid for Houghton

 

1,662,465

 

 

Less: cash acquired

 

75,821

 

 

Less: fair value of common stock issued as consideration

 

789,080

 

 

Net cash paid for Houghton

$

797,564

Business Acquisition, Pro Forma Information [Table Text Block]

 

 

Three Months Ended

 

Nine Months Ended

Unaudited Pro Forma

September 30,

 

September 30,

(as if the Combination occurred on January 1, 2018)

2019

 

2018

 

2019

 

2018

Net sales

$

386,396

 

$

417,460

 

$

1,170,981

 

$

1,255,242

Net income attributable to Quaker Chemical Corporation

 

22,491

 

 

28,459

 

 

70,533

 

 

41,322