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Business Combination (Tables)
12 Months Ended
Dec. 31, 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

 

(a) A portion is held in escrow by a third party, subject to indemnification rights that lapse upon the achievement of certain milestones.

(b) Amount was determined based on approximately 4.3 million shares, comprising approximately 24.5% of the common stock of the Company at closing, and the closing price per share of Quaker Chemical Corporation common stock of $182.27 on August 1, 2019.

Business Acquisition Pro Forma Information [Text Block]

 

Unaudited Pro Forma

For the years ending

 

 

 

 

December 31,

 

 

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

2019

 

2018

 

 

Net sales

$

1,562,427

 

$

1,654,588

 

 

Net income attributable to Quaker Chemical Corporation

 

94,537

 

 

35,337

 

Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed [Table Text Block]

 

 

 

August 1, 2019

 

Measurement

 

 

 

 

 

 

(as Initially

 

Period

 

August 1, 2019

 

 

 

 

Reported)

 

Adjustments

 

(as adjusted)

 

 

Cash and cash equivalents

$

75,821

 

$

 

$

75,821

 

 

Accounts receivable, net

 

179,745

 

 

(823)

 

 

178,922

 

 

Inventories, net

 

95,193

 

 

 

 

95,193

 

 

Prepaid expenses and other assets

 

11,373

 

 

(721)

 

 

10,652

 

 

Deferred tax assets

 

8,703

 

 

(8,703)

 

 

 

 

Property, plant and equipment

 

125,099

 

 

(9,570)

 

 

115,529

 

 

Right of use lease assets

 

10,747

 

 

(74)

 

 

10,673

 

 

Investments in associated companies

 

69,683

 

 

(3,236)

 

 

66,447

 

 

Other non-current assets

 

1,368

 

 

3,342

 

 

4,710

 

 

Intangible assets

 

1,022,500

 

 

5,900

 

 

1,028,400

 

 

Goodwill

 

483,921

 

 

10,994

 

 

494,915

 

 

 

Total assets purchased

 

2,084,153

 

 

(2,891)

 

 

2,081,262

 

 

Short-term borrowings, not refinanced at closing

 

9,297

 

 

 

 

9,297

 

 

Accounts payable, accrued expenses and other accrued liabilities

 

152,829

 

 

(2,751)

 

 

150,078

 

 

Deferred tax liabilities

 

213,779

 

 

(8,697)

 

 

205,082

 

 

Long-term lease liabilities

 

6,655

 

 

(48)

 

 

6,607

 

 

Other non-current liabilities

 

39,128

 

 

8,605

 

 

47,733

 

 

 

Total liabilities assumed

 

421,688

 

 

(2,891)

 

 

418,797

 

 

 

Total consideration paid for Houghton

 

1,662,465

 

 

 

 

1,662,465

 

 

 

Less: cash acquired

 

75,821

 

 

 

 

75,821

 

 

 

Less: fair value of common stock issued as consideration

 

789,080

 

 

 

 

789,080

 

 

 

Net cash paid for Houghton

$

797,564

 

$

 

$

797,564

 

 

Cash and cash equivalents

$

18,981

 

 

Accounts receivable, net

 

15,471

 

 

Inventories, net

 

8,213

 

 

Prepaid expenses and other assets

 

4,203

 

 

Property, plant and equipment

 

14,981

 

 

Right of use lease assets

 

10,608

 

 

Intangible assets

 

51,088

 

 

Goodwill

 

29,384

 

 

 

Total assets purchased

 

152,929

 

 

Long-term debt included current portions

 

485

 

 

Accounts payable, accrued expenses and other accrued liabilities

 

13,488

 

 

Deferred tax liabilities

 

12,746

 

 

Long-term lease liabilities

 

8,594

 

 

 

Total liabilities assumed

 

35,313

 

 

 

Total consideration paid for Norman Hay

 

117,616

 

 

 

Less: estimated purchase price settlement

 

3,287

 

 

 

Less: cash acquired

 

18,981

 

 

 

Net cash paid for Norman Hay

$

95,348