XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 449,072 $ 367,224 $ 1,314,117 $ 1,031,825
Cost of goods sold (excluding amortization expense - See Note 14) 303,941 227,032 858,341 660,396
Gross profit 145,131 140,192 455,776 371,429
Selling, general and administrative expenses 104,215 97,037 317,204 282,405
Indefinite-lived intangible asset impairment 0 0 0 38,000
Restructuring and related charges (880) 1,383 593 3,585
Combination, integration and other acquisition-related 5,786 6,913 18,259 22,786
Operating income (loss) 36,010 34,859 119,720 24,653
Other income (expense), net 647 (239) 19,344 (22,407)
Interest expense, net (5,637) (6,837) (16,725) (22,109)
Income (loss) before taxes and equity in net income of associated companies 31,020 27,783 122,339 (19,863)
Taxes on income (loss) before equity in net income of associated companies 795 2,245 26,702 (7,603)
Income (loss) before equity in net income of associated companies 30,225 25,538 95,637 (12,260)
Equity in net income of associated companies 848 1,804 7,668 3,536
Net income (loss) 31,073 27,342 103,305 (8,724)
Less: Net income attributable to noncontrolling interest 15 38 62 88
Net income (loss) attributable to Quaker Chemical Corporation $ 31,058 $ 27,304 $ 103,243 $ (8,812)
Per share data:        
Net income (loss) attributable to Quaker Chemical Corporation common shareholders - basic $ 1.74 $ 1.53 $ 5.78 $ (0.50)
Net income (loss) attributable to Quaker Chemical Corporation common shareholders - diluted 1.73 1.53 5.76 (0.50)
Dividends declared $ 0.415 $ 0.395 $ 1.205 $ 1.165