XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 1,761,158,000 $ 1,417,677,000 $ 1,133,503,000
Cost of goods sold (excluding amortization expense - See Note 16) 1,166,518,000 904,234,000 741,386,000
Gross profit 594,640,000 513,443,000 392,117,000
Selling, general and administrative expenses 418,856,000 380,752,000 283,828,000
Indefinite-lived intangible asset impairment 0 38,000,000 0
Restructuring and related charges 1,433,000 5,541,000 26,678,000
Combination, integration and other acquisition-related expenses 23,885,000 29,790,000 35,477,000
Operating income 150,466,000 59,360,000 46,134,000
Other income (expense), net 18,851,000 (5,618,000) (254,000)
Interest expense, net (22,326,000) (26,603,000) (16,976,000)
Income before taxes and equity in net income of associated companies 146,991,000 27,139,000 28,904,000
Taxes on income before equity in net income of associated companies 34,939,000 (5,296,000) 2,084,000
Income before equity in net income of associated companies 112,052,000 32,435,000 26,820,000
Equity in net income of associated companies 9,379,000 7,352,000 5,064,000
Net income 121,431,000 39,787,000 31,884,000
Less: Net income attributable to noncontrolling interest 62,000 129,000 262,000
Net income attributable to Quaker Chemical Corporation $ 121,369,000 $ 39,658,000 $ 31,622,000
Per share data:      
Net income attributable to Quaker Chemical Corporation common shareholders - basic $ 6.79 $ 2.23 $ 2.08
Net income attributable to Quaker Chemical Corporation common shareholders - diluted $ 6.77 $ 2.22 $ 2.08